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Fantasy Sports Market size is set to grow by USD 9.72 billion from 2024-2028, Launch of various apps for fantasy sports boost the market, Technavio

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NEW YORK, July 19, 2024 /PRNewswire/ — The global fantasy sports market size is estimated to grow by USD 9.72 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  7.05%  during the forecast period. Launch of various apps for fantasy sports is driving market growth, with a trend towards use of fantasy sports for brand promotion. However, uncertain future of fantasy sports and ill effects of gaming on health  poses a challenge. Key market players include APKMozo.com, Blitz Studios Inc., Dream Sports, FantasyPros.com, Fantrax, Flutter Entertainment Plc, Fox Corp., GamesKraft Technologies Pvt. Ltd., GDC Media Ltd., Head Digital Works Pvt. Ltd., i3 Interactive Inc., MyTeam11, NFL Enterprises LLC, Paramount Global, Playerzpot Media Pvt Ltd, Premier League Ltd., RealTime Fantasy Sports Inc., Sachar Gaming Pvt. Ltd., Sorare, and Yahoo.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Fantasy Sports Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.05%

Market growth 2024-2028

USD 9.72 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.76

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, Canada, Mexico, China, and UK

Key companies profiled

APKMozo.com, Blitz Studios Inc., Dream Sports, FantasyPros.com, Fantrax, Flutter Entertainment Plc, Fox Corp., GamesKraft Technologies Pvt. Ltd., GDC Media Ltd., Head Digital Works Pvt. Ltd., i3 Interactive Inc., MyTeam11, NFL Enterprises LLC, Paramount Global, Playerzpot Media Pvt Ltd, Premier League Ltd., RealTime Fantasy Sports Inc., Sachar Gaming Pvt. Ltd., Sorare, and Yahoo

 

Market Driver

Many prominent brands have adopted fantasy sports as a marketing strategy. Unilever’s Dove Men+Care launched a fantasy football hub, offering exclusive football advice from ESPN analysts to consumers. Toyota sponsors Yahoo fantasy football league recaps, while Hilton provides free-entry fantasy racing contests for hotel honors club members. Brands target high-income customers aged 25 to 50 through this platform. This trend is anticipated to persist, contributing significantly to the expansion of the global fantasy sports market in the coming years. 

The Fantasy Sports Market is experiencing significant growth, with popular sports leagues and tournaments like the NFL, Premier League, IPL, and more driving fan engagement. Fantasy sports platforms are thriving in the online gaming sector, thanks to high-speed internet and mobile applications. Football, baseball, basketball, hockey, cricket, and other sports are all represented in this industry. User interfaces and social interaction are key features, with daily fantasy contests, virtual trading, and gameplay at the heart of the experience. The market is also exploring trends like eSports, virtual reality (VR), and augmented reality (AR). Secure payment methods are essential for fantasy sports platforms, with blockchain-based apps and one-time payments becoming increasingly popular. Freemium models, in-app purchases, advertising, and premium subscriptions are common revenue streams. However, the industry faces challenges, including illegal sports betting and online gambling. NFT-based games, like Reignmakers and Fantasy Football, are emerging trends in this space. Sports like soccer, FIFA, badminton, and football (rugby) are also gaining traction. The market is continually evolving, with new technologies and trends shaping its future. 

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Market Challenges

The fantasy sports market experiences constant fluctuations, with companies like FanDuel and DraftKings rising to billion-dollar revenues, despite initial obscurity. However, their business models faced legal challenges in 2015 due to gambling concerns. Consumer protection became a priority, impacting market growth. Gaming addiction leads to health issues, such as carpal tunnel syndrome, headaches, migraines, sleep disturbances, chronic back pain, and unhealthy eating patterns contributing to childhood obesity. Increasing awareness of these health risks is causing some gamers to limit their participation, negatively affecting the fantasy sports market’s growth during the forecast period.The Fantasy Sports Market encompasses various challenges in the mobile application sector, including Football, Baseball, Basketball, Hockey, Cricket, and more. Platforms like Reignmakers and NFT-based games are revolutionizing the industry with Virtual Reality (VR) and Augmented Reality (AR) technology. The Online Gaming Business thrives in secure payment methods, utilizing Blockchain-based apps and Fantasy chatbots. Illegal sports betting and online gambling pose challenges, but One Time Payment and Freemium models offer solutions. Internet penetration drives growth in Sports Tech, employing Software engineers, Data scientists, and Cyber security professionals. Sports viewership increases with Sponsorships and Online sports gambling on mobile devices and the Internet. Pay-per-download, Subscription services, and In-app advertisements generate revenue. Sensor Tower data reveals trends in this dynamic market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This fantasy sports market report extensively covers market segmentation by  

Product 1.1 Fantasy soccer1.2 Fantasy baseball1.3 Fantasy basketball1.4 Fantasy football1.5 OthersPlatform 2.1 Mobile application2.2 WebsiteGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Fantasy soccer-  Fantasy soccer is a popular game where participants build teams of real-life soccer players and earn points based on their on-field statistics. This game includes eleven players in four positions. Soccer’s global appeal fuels the fantasy soccer market’s growth. Notable leagues include Draft Fantasy Football, McDonald’s FIFA World Cup Fantasy, Fantasy Premier League, and UEFA Champions League Fantasy Football. The market’s expansion is anticipated to increase during the forecast period due to benefits like unlimited pre-season transfers, capped in-season transfers, and variable transfer fees based on player performance. The growing number of viewers on digital platforms is also a positive factor.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global sports tourism market is witnessing significant growth driven by increasing fan engagement and major sporting events. Simultaneously, the sports betting market is expanding rapidly due to the legalization of sports betting in various regions and advancements in digital platforms. The sports sponsorship market is also thriving, with brands leveraging high-profile sports events to enhance visibility and consumer engagement. Together, these markets are transforming the sports industry, creating new opportunities for stakeholders and driving substantial economic impact globally.

Research Analysis

The Fantasy Sports Market is a thriving online gaming business that allows fans to engage with their favorite sports leagues and teams in a unique way. With the increasing popularity of the NFL, Premier League, IPL, and other global tournaments, the market for fantasy sports is experiencing exponential growth. High-speed internet and smartphones have made it easier than ever to access fantasy sports platforms and participate in real-time. Fantasy sports platforms offer secure payment methods, ensuring a safe and enjoyable experience for users. The latest innovations include blockchain-based apps and fantasy chatbots, providing enhanced security and convenience. However, the industry also faces challenges such as illegal sports betting and the need to comply with regulations. Sports Tech companies are at the forefront of developing new software and hiring software engineers and data scientists to analyze player statistics and create accurate projections. With the increasing internet penetration in emerging markets, the fantasy sports market is poised for even greater expansion. Baseball, Cricket, Football (rugby), and Volleyball are just a few of the many sports that have a dedicated fan base in the fantasy sports community.

Market Research Overview

Fantasy sports markets have seen explosive growth in recent years, fueled by the popularity of sports leagues and tournaments across the NFL, Premier League, IPL, and more. Fans engage with fantasy sports platforms through high-speed internet and online gaming, enjoying gameplay on user-friendly interfaces that offer social interaction and daily fantasy contests. Virtual trading in football, baseball, basketball, hockey, cricket, and other sports is a major draw, with mobile applications and virtual reality (VR) and augmented reality (AR) experiences adding to the excitement. The online gaming business is booming, with secure payment methods and blockchain-based apps ensuring safety and transparency. NFT-based games like Reignmakers and Fantasy Football are also gaining traction. However, illegal sports betting and online gambling pose challenges, with one-time payment, freemium, website, in-app purchases, advertising, and premium subscriptions all part of the business model. Sports tech companies employ software engineers, data scientists, and cyber security professionals to develop innovative solutions, while badminton, football (rugby), volleyball, and other sports also have their dedicated fan bases. Internet penetration and sports viewership continue to drive growth, with sponsorships and online sports gambling adding revenue streams. Mobile devices and the internet are essential tools for accessing these services, with pay-per-download, subscription services, and in-app advertisements providing additional revenue opportunities. Sensor Tower reports that the mobile application sector is a key driver of growth in the fantasy sports market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductFantasy SoccerFantasy BaseballFantasy BasketballFantasy FootballOthersPlatformMobile ApplicationWebsiteGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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First Characterizer for Both Flour and Dough Takes Guesswork Out of Quality Control

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WESTBOROUGH, Mass., May 19, 2025 /PRNewswire/ — As experienced master bakers leave the workforce, commercial bakeries are struggling to maintain consistent product quality. Even when bakeries have skilled staff, subjective assessment of doughs may allow product variations that impact consumer acceptance. 

To address this challenge, KPM Analytics www.kpmanalaytics.com introduces a first-of-its-kind dual universal analyzer, the Mixolab 300, that objectively measures the characteristics of both flour and dough. Using its technology, milling and bakery operators can realize more reliable quality control, avoid customer complaints, reduce costly waste, and operate more efficiently. 

The new analyzer overcomes the longstanding problem of trying to predict baking performance from flour analysis alone. Analyzing both flour and dough (including reactions between flour, salt, yeast, fat, sugar, and improvers) gives a more complete and more accurate picture. 

Improving on the company’s popular flour-based Mixolab 2 dough characterizer, the Mixolab 300 adds a unique mixing bowl, dedicated software, and an introduction chimney that makes it easier for the operators to introduce doughs and batters for at-line quality analysis. Both the flour mixing bowl and the dough mixing bowl have the capability to heat samples, enabling sophisticated analysis not available in other dough characterizers. By selecting the bowl and software mode, users can easily switch between flour and dough analysis depending on their needs. 

The company also introduces the Mixolab 200, an evolution of the Mixolab 2, equipped with a flour mixing bowl. As user needs evolve, they can upgrade the Mixolab 200 to a Mixolab 300, which will include a dough kit, a specialized dough mixing bowl, and software for both flour and dough analysis.   

Gain Greater Insights on Dough and Production Process Performance
Unlike instruments limited to testing flours, the Mixolab 300 can anticipate baking performance by analyzing actual dough. Installed in quality control labs or near production lines, the Mixolab 300 dough characterizer can collect data on dough consistency and rheological properties, including starch behavior, providing key quality measurements. 

Thanks to a liquid-tight mixing bowl, a wider funnel, and an improved dough introduction chimney, Mixolab 300 can analyze all types of doughs and liquid batters ranging from bread doughs to cake and wafer batters.  It comes with two different dough testing modes. The first is the “Instant Consistency” test mode that provides quality-control data in minutes for production monitoring. The second mode offers a comprehensive “Full Test” that analyzes how ingredients interact during temperature changes—ideal for R&D and new product development.  

Help Millers and Ingredient Manufacturers Analyze Wheat and Additives
The benefits of dough analysis extend beyond the baker. The millers that supply bakeries with flours can use the Mixolab 300 to analyze wheat and flour behavior and use that understanding to improve wheat selection, optimize wheat and flour blends, and smartly use functional additives. Likewise, manufacturers of enzymes and additives can use the Mixolab 300 in their quality control and research and development. What’s more, research centers and universities can use the analyzer for scientific exploration. 

Availability 
The Mixolab 300 and Mixolab 200 flour and dough analyzers are available for order now. The Mixolab 300 will be on display in Düsseldorf at IBA, booth 11.F38.  

For an evaluation of how the analyzers will perform in specific applications, contact KPM Analytics at sales@kpmanalytics.com

About KPM Analytics 
KPM Analytics is a global leader in scientific instrumentation, focused primarily on analyzing critical parameters within the food, feed, agriculture, and environmental sectors. We provide a comprehensive range of products and services to uniquely solve our customers’ problems. Our product brands are AMS Alliance, Bruins Instruments, CHOPIN Technologies, EyePro System, Process Sensors Corporation, Sensortech, Sightline Process Control, Smart Vision Works, and Unity Scientific. Each has a long history of delivering advanced and reliable analysis solutions to ensure product quality and optimize process efficiency, with customer service at the center of everything we do. Visit www.kpmanalytics.com to learn more. 

Media contacts:   

Delphine Cornic

dcornic@kpmanalytics.com

+33 6 32 86 38 99

 

SOURCE KPM Analytics

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Denmark Ministry of Defence and Lockheed Martin Skunk Works® Prove F-35 Interoperability in Flight

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SKRYDSTRUP AIR BASE, Denmark, May 19, 2025 /PRNewswire/ — Lockheed Martin (NYSE: LMT) Skunk Works and the Danish Ministry of Defence (MOD) completed a successful live F-35 interoperability demonstration. This is another success in a series of Multi-Domain Operations (MDO) demonstrations proving the F-35’s ability to serve as a powerful force multiplier, enabling allied forces to rapidly deploy ready-now capabilities to connect systems across the battlespace.

Danish F-35s flying out of Fort Worth, Texas, shared classified data via DAGGR-2, a Skunk Works’ Open Systems Gateway (OSG) developed under a partnership with the Missile Defense Agency (MDA), through commercial satellite communications and displayed at Skrydstrup Air Base in Denmark.

“This marked a significant milestone toward enhancing Denmark’s capabilities, as it enabled our MDO staff to witness in real-time the potential of the F-35’s ability to collect, analyse and share advanced data across geographically dispersed networks,” said Danish Air Chief, Maj. Gen. Jan Dam. “Our close collaboration with Skunk Works has been instrumental in accelerating the rapid deployment of such capabilities, and we’re very pleased with the results.”

“This collaboration with the Danish MOD enabled us to do what we do best at Skunk Works – rapidly deploy ready-now capabilities at a pace unparalleled in the industry and prove it through real-world flights,” said OJ Sanchez, vice president and general manager, Lockheed Martin Skunk Works. This demonstration builds on our successful track record of collaboration with international partners and defines what truly sets us apart: our commitment to Open Systems Architecture, which enables seamless integration across any platform, sensor, or shooter – regardless of the manufacturer.”

Lockheed Martin is committed to delivering open architecture solutions that enhance multi-domain integration capabilities across allied forces.

For additional information, visit our website: https://www.lockheedmartin.com/en-us/capabilities/multi-domain-operations.html

About the F-35
More than 1,170 F-35s are currently operational around the globe, and the fleet surpassed 1 million flight hours. The combat proven F-35 operates from 50 bases worldwide, including 10 nations operating on home soil. As adversaries advance and legacy aircraft age, the F-35 is critical to maintaining air dominance for decades to come.

About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com

 

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SOURCE Lockheed Martin Aeronautics

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TeamViewer launches first Digital Workplace platform combining endpoint management, remote connectivity, AI, and DEX

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With hybrid work and digital complexity on the rise, TeamViewer ONE empowers organizations of any size and across industries to solve IT problems faster, simplify support, and power a frictionless, productive work environment where employees stay seamlessly connected.

GÖPPINGEN, Germany, May 19, 2025 /PRNewswire/ — TeamViewer, a global leader in digital workplace solutions, today launches TeamViewer ONE, a unified digital workplace management platform powered by advanced AI features, and designed to help organizations reduce downtime, optimize IT support, and elevate employee experience at scale. The company presented the new platform at the Gartner Digital Workplace Summit in London.

Managing a patchwork of disconnected IT tools has become a significant challenge for organizations, leading to increased complexity, higher costs, and operational inefficiencies. Many IT leaders are now prioritizing vendor consolidation to streamline operations and reduce these burdens. A recent CIO survey found that 95% of IT executives plan to consolidate vendors within the next year, with 80% citing the need to reduce the number of point solutions. This growing shift highlights the demand for unified platforms that simplify IT operations while boosting performance, security, and scalability.

TeamViewer ONE was built to meet exactly this need. It’s the first unified digital workplace platform that brings together real-time device monitoring, intelligent automation, secure remote access, and contextual diagnostics—all in a single, scalable solution. Whether global enterprise or small business, it empowers organizations of all sizes to reduce tool sprawl, streamline operations, and deliver exceptional digital experiences across a distributed workforce, spanning traditional IT endpoints as well as a wide range of connected and operational technology devices.

“The digital workplace is no longer a future vision, it’s the reality of how every business operates today,” said Mark Banfield, Chief Commercial Officer at TeamViewer. “Almost all workplaces are digital nowadays, and companies need to support their employees whether they work in an office, at home, on the shop floor, or out in the field. As the number of tools and technologies has exploded, so has the complexity for IT teams and end-users. With TeamViewer ONE, we’re helping customers cut through that complexity with a unified platform that meets their needs today and evolves with them tomorrow—whether they’re just starting out or managing thousands of endpoints globally.”

TeamViewer ONE brings together remote monitoring and management (RMM), remote connectivity, DEX, and AI-powered features into one comprehensive solution under a single license, making it the only platform to deliver all these capabilities seamlessly for businesses of any size.

TeamViewer RMM: Proactive device monitoring and management with built-in endpoint security, mobile device management (MDM), and patching, helping IT teams stay ahead of potential issues, reduce disruptions, and ensure device compliance across the workforce.TeamViewer Intelligence: AI-driven support tools like CoPilot provide real-time diagnostics and context-aware troubleshooting recommendations, while Session Insights generate automatic, structured reports to help IT teams analyze trends and improve performance.TeamViewer Remote Connectivity: Secure, reliable and industry-leading remote access and control, enabling IT teams to provide seamless assistance across distributed workforces and devices, wherever they are.TeamViewer DEX: Designed to monitor and improve digital employee experience (DEX), which has been recognized as a leader in the Gartner® Magic Quadrant™. With real-time visibility into endpoint health, performance trends, and user-impacting issues, DEX allows IT to prioritize actions that drive productivity, reduce downtime, and foster long-term employee engagement.

“Companies today can’t afford to fly blind when it comes to employee experience and IT health,” said Mei Dent, Chief Product and Technology Officer at TeamViewer. “With rising pressure to consolidate fragmented tech stacks, strengthen security, and meet evolving compliance standards, TeamViewer ONE brings intelligence, automation, and visibility into a single platform, enabling IT teams to replace siloed tools with a seamless, AI-powered experience. This frees IT teams from repetitive tasks and manual troubleshooting, allowing them to focus on higher-impact initiatives that drive real value for the business.”

This combination of capabilities enables companies to create a more connected, efficient, and productive environment where employees stay engaged and supported with minimal distractions. TeamViewer ONE is available in tailored Business and Enterprise packages with all features delivered through a single agent license to support the evolving demands of today’s hybrid workforces. For more details, visit TeamViewer ONE.

About TeamViewer

TeamViewer provides a Digital Workplace platform that connects people with technology—enabling, improving, and automating digital processes to make work work better.

In 2005, TeamViewer started with software to connect to computers from anywhere to eliminate travel and enhance productivity. It rapidly became the de facto standard for remote access and support and the preferred solution for hundreds of millions of users across the world to help others with IT issues. Today, more than 660,000 customers across industries rely on TeamViewer to optimize their digital workplaces—from small to medium-sized businesses to the world’s largest enterprises—empowering both desk-based employees and frontline workers.

Organizations use TeamViewer’s solutions to prevent and resolve disruptions with digital endpoints of any kind, securely manage complex IT and industrial device landscapes, and enhance processes with augmented reality powered workflows and assistance—leveraging AI and integrating seamlessly with leading tech partners. Against the backdrop of global digital transformation and challenges like shortage of skilled labor, hybrid working, accelerated data analysis, and the rise of new technologies, TeamViewer’s solutions offer a clear value add by increasing productivity, reducing machine downtime, speeding up talent onboarding, and improving customer and employee satisfaction. The company is headquartered in Göppingen, Germany, and employs more than 1,800 people globally.

In 2024, TeamViewer achieved a revenue of around EUR 671 million. TeamViewer SE (TMV) is listed at Frankfurt Stock Exchange and belongs to the MDAX. Further information can be found at www.teamviewer.com.

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