Indian Fantasy Sports market registered an impressive growth of ~164% CAGR in FY’2022. Explore its Growth drivers: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit India’s Fantasy Sports market is a rising industry that is booming with an exponential growth rate in the country. The market is highly anticipated to grow at double-digit in the five years owing to the rising craze for online gaming in the country. 1. The Indian fantasy sports market is 2 decades old in India but has witnessed robust growth in the last 4 years only Users of Fantasy Sports in India: Click to know more Fantasy Sports was introduced in India nearly two decades ago and since then the market has seen significant transformation in the industry. One of the first fantasy games in the nation to achieve user momentum was the “Selector fantasy game” in 2001, launched by ESPN-Star Sports. But the sector did not receive much traction from the consumers. However, in the last 2-3 years, Online Fantasy Sports industry in India has witnessed stupendous growth. The number of fantasy sports operators has increased by nearly seven times over 2016-2018, whereas the number of users has grown by over 25 times from 2016 to 2019. 2. The percentage of Internet Users reached 47% in 2021, leading to the expansion of Fantasy Sports user base in the country To learn more about this report Download a Free Sample Report Over the last few years, the number of internet users has grown tremendously. In 2021, India has 658.0 Mn active internet users. The exponential increase in the internet penetration is the result of the reduction of the data costs coupled with the availability of affordable smartphones/smart feature phones in the country. This growth in digital infrastructure increased the availability of high-speed internet in the hands of the Indian citizens which further helped in driving the growth to the fantasy sports sector. The option of playing the sport on a handheld device and at any given point irrespective of location and time is the big reason that increased the user engagement around fantasy sports drastically in the last 2-3 years. 3. UPI based digital Payment increased to 2.7 times between 2018 and 2021 which has further contributed towards the growth of the Indian Fantasy Sport market in India Visit this Link: – Request for custom report The digital payments in India have undoubtedly registered rapid growth and received huge acceptance in the country. This has acted as a propellant to several sectors, and Fantasy Sports market is no exception. Here digital payments include RTGS, credit transfers (such as UPI), debit transfers card payments, and direct transfers as their main categories. These types of digital payments received a huge boost in development and user adoption during the time of demonetization, in 2016. Additionally, the ease of use offered by digital transactions has led to its exponential push, with Reserve Bank’s Digital Payments Index growing 2.7x between 2018 and 2021. This clearly represents the rapid adoption and deepening of digital payments in India and UPI is emerging as the preferred mode of payment. 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