Major Trends To Reshape The Fantasy Sports Industry In 2022
For the industry of online gaming, the year 2021 has been a year full of events. Like the nation itself a sport-loving country, there will be surprise how sports enthusiasts shifted from offline to online gaming, mainly when it comes to fantasy sports. However, fantasy sports are already emerging even though they are in lockdown. The long gap due to the pandemic has pushed many across the nation to indulge in this first-hand gaming experience. If it has been evaluated then this fantasy sport has impaled by 2,500%. Therefore the mentioned figure itself declares the whopping fan base across the nation of the niche industry.
Trailblazing emergence of the digital gaming ecosystem
This gaming industry has been seamlessly growing with digital evolution. It is increasing as an instant growing segment, who is taking proper advantage of the latest technological developments, better internet connectivity as well as economical features — equipped smartphones. And the plummeting number of tech-savvy gamers is beyond accelerating the growth of multiplayer and skill-based gaming. As the digital game has been adopted by many, the gaming segment has been regularly experimenting with technologies such as augmented AI blockchain, and digital reality will further increase the user’s experience. As per the emerging digital ecosystem, this sports industry is expecting to reach around $ 3.9 billion by 2025 which encourages the development of the fantasy sports segment.
Increase in investments
Due to the tech-savvy young generation along with others, digital gaming turns out to be the mainstream source of entertainment for many. There is no doubt that fantasy sports have been increasing continuously. In this fantasy sports game, cricket, kabaddi, and football fans are more connected and engaged via fantasy sports. This industry has become one of the fast-growing segments in the world of gaming and thus this platform has collected investment that ranges over $112 million in the last five years. People’s uttermost love for the game coupled with low-cost data plans and smartphones has dragged fantasy sports players to the forefront of growth.
Increasing of sports leagues to further bolster fantasy sports
India is the country that holds over 360 million gamers in the year 2020, and the graph is believed to cross 510 million by 2022. fantasy sports games are among the skill-based games which allow the players the real-world thrill of sporting sports. As per the present scenario, the combination of passion and skills, the emergence of fantasy sports is an outcome of the vast viewership of the latest sports leagues, Pro Kabbadi League, and tournaments like IPL T20, World cup, ICC Cricket, Vivo Pro Kabbadi League.
The Last Note
As the nation is stepping into the digital world the gaming segment, fantasy sports has emerged its presence across the nation. And as we know, cricket holds a special place in the nation and so all the sports enthusiasts, involved in the sports like football, Kabaddi, and hockey are harnessing increased transactions.
Along with many sports fantasy apps, Doxy is a live & fantasy sports platform that is powered by blockchain. This is a platform for decentralized social gaming experience where people can show their passion for sports, compete in between, and showcase how much sports your sports information is worth.