Sports Market Definition And Segments

Sports are group games and individual activities that involve physical activity and skills. Sports help to overcome adversities and win. Playing sports helps release pressure and tension in a healthy and controlled way, and improves mood, and concentration. The main types of sports are spectator sports and participatory sports. Spectator sports include the presentation of sporting events by teams and clubs or independent athletes. The various sources of revenue are media rights, merchandising, tickets, and sponsorship and involve different ownerships including chained, and standalone. The sports market covered in this report is segmented – 1) By Type: Spectator Sports, Participatory Sports 2) By Revenue Source: Media Rights, Merchandising, Tickets, Sponsorship 3) By Ownership: Chained, Standalone Sub segments: Sports Team & Clubs, Racing & Individual Sports, Golf Courses And Country Clubs, Skiing Facilities, Marinas, Fitness And Recreational Sports Centers, Bowling Centers, Other Participatory Sports The sports market size has grown strongly in recent years. It will grow from $480.12 billion in 2023 to $506.93 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rapid growth in ecommerce, rapid urbanization, the emergence of multiple sports channels, and high spending on sponsorships. The sports market size is expected to see strong growth in the next few years. It will grow to $629.81 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to increase in internet accessible devices, favorable government initiatives and a rise in sports tourism. Major trends in the forecast period include increasing adoption of ar and vr, launch of sports streaming apps, adoption of contactless technologies, mobile ticketing, focusing on social media users, use of analytics for pricing tickets, combined fitness formats for better workouts, mobile training apps, use of technology to elevate skier experience, personalized fan engagement, fusion of sports and entertainment, sponsorships to partnerships, corporate social responsibility (csr) and sustainability, focusing on different demographic groups, technology utilization in bowling centers and combining other activities with bowling.

Economic Growth And Its Influence On The Global Sports Market

The market is expected to benefit from the steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) stated that the global real GDP growth was 3.7% in 2019 and 2020 and 3.6% from 2021 to 2023. Recovering commodity prices are further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, India’s GDP grew at 8.7% in 2021-22, up by 1.5% compared to 2019-20, whereas China registered a GDP growth of 8.1% in 2021. This continued economic growth is expected to drive the demand for sports.

Increasing Interest Of Sports Among People

The rising interest of people in sports worldwide is expected to propel the growth of the sports market going forward. The rising disposable incomes, increased health consciousness and the growing popularity of organized sports events, have raised the interest of people in sports. Sports facilities, such as stadiums, arenas, and gymnasiums, are in more demand due to people's increased interest in participating in physical activity. For instance, in March 2023, according to National Collegiate Athletic Association, a US-based non-profit organization that regulates student athletics, the number of student-athletes competing in NCAA women's championship sports increased by 5% from 10,726 student-athletes in 2020-2021 to 226,212 student-athletes in 2021-22. Therefore, the rising interest of people in sports globally is driving the growth of the sports market. Major companies operating in the sports market report are Liberty Media Corporation, Life Time Group Hldgs, Futbol Club Barcelona, Maruhan, Topgolf Callaway Brands Corp, Dallas Cowboys, Manchester City F.C., Real Madrid C.F., Heiwa Corporation, Manchester United PLC, Guangzhou Evergrande Taobao, Shandong Luneng Taishan, Dalian Shide, Liaoning Football Club, Beijing Guoan, Shanghai SIPG, Jiangsu Suning, Shanghai Greenland Shenhua, Hebei China Fortune, Tianjin Teda, Chongqing Lifan, Mumbai Indians, Kolkata Knight Riders, Kings XI Punjab, Chennai Super Kings, Jaipur Pink Panthers, Chennaiyan FC, Mumbai City FC, Atletico de Kolkata, FC Goa, Urawa Red Diamonds, FC Bayern Munich, Paris Saint-Germain F.C, Borussia Dortmund, Juventus F.C., A.C. Milan, Liverpool F.C, Arsenal F.C, Chelsea F.C., PFC CSKA Moscow, FC Zenit Saint Petersburg, FC Lokomotiv Moscow, FC Spartak Moscow, FC Anzhi Makhachkala, Toronto Raptors, Toronto Maple Leafs, Toronto Blue Jays, Montreal Canadien, Vancouver Canucks, Edmonton Oilers, Calgary Flames, Ottawa Senators, Toronto FC, C.F. Monterrey, Tigres UANL, New York Knicks, New York Giants, Los Angeles Lakers, Golden State Warriors, Philadelphia Eagles, Boston Celtics, San Francisco Giants, New York Yankees, Los Angeles Dodgers, Houston Texans, New England Patriots, Los Angeles Rams, Clube de Regatas do Flamengo, Sociedade Esportiva Palmeiras, Sport Club Corinthians Paulista, Santos Futebol Clube, Al Hilal Club, Al-Nassr Football Club, Al-Ahli Saudi FC, Al-Ittihad Club, Maccabi Tel Aviv F.C., Hapoel Be'er Sheva F.C., Al Ahly, Espérance Sportive de Tunis, Club Africain, Kaizer Chiefs, Mamelodi Sundowns, Springboks.

Impact Of COVID-19 On The Sports Market

The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the sports market in 2020 as governments globally imposed lockdowns and restricted domestic and international travel limiting the need for services offered by these establishments. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in the closure of recreational facilities with countries entering a state of 'lockdown' and the outbreak hurt businesses throughout 2020 and into 2021. However, it is expected that the sports market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Improving The Experiences Of Fans Virtual Reality Is Being Incorporated Into Sporting Events

Sports organizers are implementing virtual reality (VR) technology to improve the spectators’ experience in sporting events. Virtual reality generates images, sounds, and other sensations that simulate a physical presence in an imaginary environment. Clubs and teams are experimenting with simulated and 360-degree environments to enhance the match viewing experience of the spectators by allowing them to have a virtual walkthrough of the stadium or the race track and view the match from different angles. For instance, the NBA game between the Sacramento Kings and San Antonio Spurs was broadcasted in VR. NASCAR has created an interactive fan area at the race tracks with the implementation of virtual reality.

Innovative Wearable Gadgets Reshaping The Sports Market

Major companies operating in the sports market are introducing innovative wearable gadgets such as Vector Core to gain a competitive edge in the market. Vector Core is a wearable gadget that uses superior hardware and technology to help teams manage data and analysis. For instance, in May 2023, Catapult, a US-based sports performance analytics company, launched Vector Core, an affordable solution designed specifically for academies and teams. It provides improved load management metrics, quick uploads, and automatic data collection. North America was the largest region in the sports market in 2023. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the sports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the sports market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa The sports market includes revenues earned by entities by providing services like live sporting events before a paying audience or entities that operate golf courses and country clubs, skiing facilities, marinas, fitness, and recreational sports centers, and bowling centers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The sports market research report is one of a series of new reports from The Business Research Company that provides sports market statistics, including sports industry global market size, regional shares, competitors with a sports market share, detailed sports market segments, market trends, and opportunities, and any further data you may need to thrive in the sports industry. This sports market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Spectator Sports Market Definition And Segments

A spectator sport is one in which spectators, or observers, attend matches such as American football, association football, baseball, basketball, Canadian football, cricket, field hockey, formula 1, ice hockey, rugby league, rugby union, team handball, and volleyball. The main types of spectator sports are sports teams and clubs, racing, and individual sports. The various sources of revenue include media rights, merchandising, tickets, and sponsorship that are earned from different kinds of sports such as soccer, cricket, rugby/football, tennis, and others. Soccer is a team sport played on a field between two teams of 11 players each, to kick or hit a round ball into the opponent's goal with any part of the body except the hands and arms. The spectator sports market covered in this report is segmented – 1) By Type: Sports Team & Clubs, Racing & Individual Sports 2) By Type Of Sport: Badminton, Baseball, Basketball, Cricket, Cycling, Hockey, Ice Hockey, Racing, Rugby/ Football, Soccer, Table Tennis, Tennis, Volleyball, Wrestling/Boxing, Mixed Martial Arts, Others 3) By Revenue Source: Media Rights, Tickets, Sponsorship, And Merchandising Sub segments: Individual Sports, Racing And Cycling, Media Rights, Tickets, Sponsorship, Merchandising The spectator sports market size has grown strongly in recent years. It will grow from $171.06 billion in 2023 to $182.4 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to emerging markets growth, and rapid urbanization. The spectator sports market size is expected to see strong growth in the next few years. It will grow to $235.12 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rising sponsorships, increase in internet accessible devices, multiple sports channels to capture viewership, and economic growth. Major trends in the forecast period include mobile ticketing, virtual reality to enhance spectators’ experience, analytics for pricing tickets, emerging markets are investing in sports, fusion of sports and entertainment, sponsorships to partnerships, corporate social responsibility and sustainability, rising demand for smart arenas/stadiums.

Economic Growth Trends And Their Impact On The Spectator Sports Market

The market is expected to benefit from the steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) stated that the global real GDP growth increased by 3.6% from 2021 to 2023. Recovering commodity prices are further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, India’s GDP grew at 8.7% in 2021-22, up by 1.5% compared to 2019-20, whereas China registered a GDP growth of 8.1% in 2021. This continued economic growth is expected to drive the demand for spectator sports.

The Impact Of Increasing Internet-Accessible Devices On The Spectator Sports Market

The increase in internet-accessible devices is expected to propel the growth of the spectator sports market going forward. Internet-accessible devices can connect to the internet, help us stay connected to the world around us, and access information and entertainment from anywhere. Internet-accessible devices are increasingly used in spectator sports to access real-time stats and information about the game. For instance, in 2022, according to Ericsson, a Sweden-based networking and telecommunications company, the global mobile data traffic increased to 93 exabytes (EB) per month in 2022 and is expected to reach 329 EB per month. Therefore, the increase in internet-accessible devices will drive the spectator sports market. Major companies operating in the spectator sports market report are Dallas Cowboys, Real Madrid, FC Barcelona, New York Yankees, Manchester United Football Club, New England Patriots, Washington Redskins, New York Giants, Los Angeles Dodgers, Boston Red Sox, ATK Football Club, East Bengal Football Club, FC Goa, Sydney Football Club, Petaling Jaya City FC, Persija Jakarta, Arsenal F.C., Aston Villa F.C., Chelsea F.C., Valencia CF (Valencia Club de Fútbol), Juventus F.C., AC Sparta Prague, Bohemians Praha, Wisla Kraków, FCSB, CSKA Moscow, Canadian Football League, Sacramento Republic FC, North Carolina FC, Cruz Azul, Toronto FC, Clube de Regatas do Flamengo, Palmeiras, Club de Deportes Santiago Wanderers, Millonarios F.C., Clube Atlético Mineiro, Hapoel Haifa F.C., Galatasaray S.K., Trabzonspor, Ettifaq FC, Al-Ahli Saudi FC, Olympic Club, Ismaily SC, Kaizer Chiefs F.C., Orlando Pirates F.C., Bidvest Wits F.C., Enyimba International F.C.

Impact Of COVID-19 On The Spectator Sports Market And Anticipated Recovery

The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the spectator sports market in 2020 as governments globally imposed lockdowns and restricted domestic and international travel limiting the need for services offered by these establishments. COVID-19 is an infectious disease with flu-such as symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in the closure of recreational facilities with countries entering a state of 'lockdown' and the outbreak hurt businesses throughout 2020 and into 2021. However, it is expected that the spectator sports market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Elevating The Spectator Experience In Sporting Events With Virtual Reality (VR) Technology

Sports organizers are implementing virtual reality (VR) technology to improve the spectators’ experience in sporting events. Virtual reality generates images, sounds, and other sensations that simulate a physical presence in an imaginary environment. Clubs and teams are experimenting with simulated and 360-degree environments to enhance the match viewing experience of the spectators by allowing them to have a virtual walkthrough of the stadium or the racetrack and view the match from different angles. For instance, the NBA game between the Sacramento Kings and San Antonio Spurs was broadcasted in VR. NASCAR has created an interactive fan area at the racetracks with the implementation of virtual reality.

PGA Tour's Merger With Liv Golf Sets Stage For Golf's Global Spectator Sport Expansion

In September 2023, The PGA Tour, a US-based nonprofit organization, merged with LIV Golf for an undisclosed amount. This merger enables the launch of a new format that maximizes golf’s appeal and allows it to become the biggest spectator sport globally. The merged businesses are anticipated to work together to improve the sport, making it more captivating for viewers and more alluring for live spectators. LIV Golf, a UK-based professional golf tour. North America was the largest region in the spectator sports market in 2023. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the spectator sports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the spectator sports market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa The spectator sports market includes revenues earned by entities such as teams or clubs that participate in live sporting events for a paying audience. Spectator sports include the presentation of sporting events by teams and clubs or independent athletes. Owners of teams, horses, and so on that enter participants into racing events or other spectator sports events and the sports trainers who provide specialized services to support participants in sports events or competitions are part of this industry. The establishments that operate racetracks are also included in this industry. The market covered in this report includes the revenues generated from the sales of tickets for spectator sports events, merchandise, and other related goods and services through online and offline channels. It also includes the revenues generated from the sponsorships of sports clubs and teams, and media and broadcasting rights revenues by the spectator sports organizers. The market covered in this report also includes sales of sports services and related goods by entities that participate in the provision of sports. The market covered in this report includes the revenues generated from the sales of sports players by sports teams/clubs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The spectator sports market research report is one of a series of new reports from The Business Research Company that provides spectator sports market statistics, including spectator sports industry global market size, regional shares, competitors with a spectator sports market share, detailed spectator sports market segments, market trends and opportunities, and any further data you may need to thrive in the spectator sports industry. This spectator sports market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

E-Sports Market Definition And Segments

E-sports refer to a type of electronic game in which contestants compete using video games in a multiplayer environment that resembles a real or imagined sport. The main types of games in e-sports are multiplayer online battle arenas (MOBA), real-time strategy, first-person shooter, fighting, and sports. Multiplayer online battle arena (MOBA) is a strategy video game subgenre in which two teams of players engage on a predetermined battlefield. Each player controls a single character with a set of distinct abilities that level up throughout the game and contribute to the overall strategy of the team. The various platform includes PC, console, mobile, and others and the different revenue sources are sponsorship, advertising, merchandise & tickets, publisher fees, and media rights. The e-sports market covered in this report is segmented – 1) By Game: Multiplayer Online Battle Arena (MOBA), Real Time Strategy, First Person Shooter, Fighting And Sports 2) By Platform: PC, Console, Mobile, Other Platforms 3) By Revenue Source: Sponsorship, Advertising, Merchandise & Tickets, Publisher Fees, Media Rights The e-sports market size has grown rapidly in recent years. It will grow from $1.63 billion in 2023 to $1.9 billion in 2024 at a compound annual growth rate (CAGR) of 16.0%. The growth in the historic period can be attributed to increased awareness about esports, increase in livestreaming of games, and increase in international prize pool for esports. The e-sports market size is expected to see rapid growth in the next few years. It will grow to $3.48 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to increased diversity of game genres, increase in viewership, emergence of esports cafes, increase in internet accessible devices, rising sponsorships, increase in mobile gaming, and increasing awareness. Major trends in the forecast period include increasing shift towards esports due to COVID-19, evolution of esports with augmented reality (AR) and virtual reality (VR) technologies, increasing M&A activities, proliferation of investments, new esports platforms.

E-Sports Market's Growth Fueled By Rising Demand And Cultural Impact

The rising demand for video games and increasing awareness of E-sports contribute to the growth of the E-sports market. As technology is expanding video content, products, virtual reality, and video game competitions are increasing. Video gaming has become a transforming pop culture and redefining the ways that young people consume entertainment. According to PwC's latest Global Entertainment & Media Outlook, the video game market in the United States is expected to reach $30 billion by 2023. The global revenue for video games and E-sports was $215.6 billion in 2021, and it is predicted to grow at a CAGR of 8.5% to $323.5 billion by 2026. Therefore, the rising demand for video games and increasing awareness of E-sports drive the market’s growth in the forecast period.

Role Of Internet Penetration In Fostering Growth Within The E-Sports Market

The increasing penetration of the internet is expected to drive the growth of the e-sports market. Penetration of the Internet refers to the extent to which the internet has reached and is being used by a particular population, region, or demographic group. The internet has not only facilitated the playing and viewing of e-sports but has also played a crucial role in building a connected and engaged community around competitive gaming. For instance, in January 2023, according to the Internet World Stats report, global internet users reached 5.4 billion as of December 2021. Therefore, the increasing penetration of the internet drives the growth of the e-sports market. Major companies operating in the e-sports market report are Activision Blizzard Inc., Modern Times Group MTG AB, Tencent, Valve Corporation, Electronic Arts Inc., Nintendo, Team SoloMid (TSM), Cloud9, Take-Two Interactive, Riot Games Inc., Nazara Technology, Jetsynthesys, Nodwin Group, Gaming Monk, Neon Gaming Studio, Viacom 18, Sony, Xbox, BenQ, Electronic Arts, Red Entertainment?, Sega, OLM, Inc., Gainax, Hamster Corporation, Aristocrat Leisure, Huya, Chushou TV, Panda TV, Wangyuhudong, Aipai, Mars TV, ImbaTV, EDG, FEG, Dexerto, Gameloft, Sky Betting & Gaming, SteelSeries, Team Vitality, Fnatic, Astralis, G2 Esports, Imprezart, Playkey, Mundfish, Winstrike, RAWG, Fibrum, DreamTeam, Respeecher, Ejaw Studio, Hypereight, Team Liquid, FaZe Clan, 100 Thieves, Luminosity Gaming, Enthusiast Gaming, Fandom Sports, Infinity Esports, Xten Esports, Isurus Gaming, Pain Gaming, Infamous, Immortals Gaming Club (IGC), Webedia Arabia Group, Boss Bunny Games, YaLLa Esports, NASR Esports, NODWIN Gaming, Ekasi Esports, Mettlestate, Clan Connection, The Digital Gaming League, MWEB GameZone, Online Arena, Zombiegamer

Threat Of Match-Fixing And Its Impact On E-Sports Integrity

Match-fixing has always been a major challenge in the E-sports industry. Match-fixing in E-sports is when a player intentionally loses to win a bet. The E-sports market will be negatively impacted when viewers start to believe that esports is losing their integrity due to match-fixing. In 2021, in Australia, match-fixing in E-sports resulted in the arrest of two Australian gamers. The number of suspected match-fixing cases in E-sports has more than doubled in 2020, amid concerns that COVID-19 has contributed to an increase in misconduct in competitive video gaming. The number of suspicious betting cases discovered by the E-sports Integrity Commission, the industry authority in charge of anti-corruption efforts, has increased to 117 in the first 11 months of 2020, from 46 in 2019. Therefore, match-fixing limits the growth of the E-sports market.

E-Sports Companies Pioneering New Platforms To Drive Revenue, Expand Consumer Base, And Gain Competitive Advantage

E-sports companies are investing in innovative new e-sports platforms to increase their revenue expand their consumer base and gain a competitive edge over their rivals. For instance, in 2022, Digital Virgo, a France-based specialist in mobile payment with Etisalat Misr, and the Egyptian Telecom company launched a full-service E-sports platform for delivering top-tier educational and entertaining content in Egypt.

E-Sports Companies Embrace Nfts To Reinforce Market Presence And Engagement

Major companies operating in the e-sports market are focusing on developing innovative platforms, such as the first non-fungible tokens (NFTs) platform for esports, to strengthen their position in the market. Non-fungible tokens (NFTs) are unique digital assets that represent ownership or proof of authenticity of a specific item or piece of content using blockchain technology. For instance, in June 2022, Loco, an Indian-based live-streaming application, launched an NFT platform for esports. The first asset on Loco Legends is NFT esports cards, which combine NFTs and free-to-play esports fantasy gaming. Users can purchase NFT trading cards, allowing them to buy and sell cards amongst each other and also participate in free-to-play fantasy pools.

Savvy Gaming Group's Acquisition Of Esl And Faceit To Bolster Esports Ecosystem

In 2022, Savvy Gaming Group, a Saudi Arabia-based Esports investment company, acquired ESL, a German-based Esports organizer and production company, and FACEIT, a UK-based Esports platform for $1.5 Billion. Through this acquisition, Savvy Gaming Group will integrate ESL's expertise in creating, broadcasting, and commercializing premium Esports ecosystems, including arena events and festival shows, with FACEIT's ability to develop top-notch tools for competitive games. North America was the largest region in the e-sports market in 2023. South America is expected to be the fastest-growing region in the forecast period. The regions covered in the e-sports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the e-sports market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain The E-sports market includes revenues earned by entities operating E-sports facilities. E-sports or electronic sports are team-based sports played online and are supported by electronic systems in which all the functions are performed through a human-computer interface. E-sports are played by professional gamers that are sponsored by business organizations, or sporting organizations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The e-sports market research report is one of a series of new reports from The Business Research Company that provides E-sports market statistics, including E-sports industry global market size, regional shares, competitors with an E-sports market share, detailed E-sports market segments, market trends, and opportunities, and any further data you may need to thrive in the E-sports industry. This E-sports market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Fantasy Sports Market Definition And Segments

Fantasy sports, often known as rotisserie sports or roto, are any of a variety of games that allow a player to play a virtual game or a virtual season of a league. These teams compete based on the statistical performance of those players in actual games. In fantasy sports, a player earns points based on real-life statistics that are converted into fantasy points. The fans take on the roles of both general manager and field manager for their team, assembling a squad through a draft and deals and putting together lineups in desire of the highest statistical output. The main types of fantasy sports are football, baseball, basketball, hockey, cricket, and others. Fantasy football is an interactive game in which people battle as general managers of virtual clubs against one another. Fantasy baseball is a game in which the participants serve as owners and general managers of virtual baseball teams of real Major League baseball players. Fantasy basketball is a game in which the players take the role of general managers of the fantasy teams they create from drafting actual National Basketball Association players based primarily on their basketball statistics. Fantasy hockey is a game where players build a team that competes with other players who do the same, based on the statistics generated by professional hockey players or teams where most fantasy hockey pools are based on the teams and players of the ice hockey National Hockey League. Fantasy Cricket is an online game based on a strategy where a player must create a virtual team of real cricketers playing in real matches around the world and points are scored depending on how those players perform in real-life matches. The different usage types include free, paid, and hybrid and is implemented in various platforms such as website, and mobile application. It is used in both individual and team competitions. The fantasy sports market covered in this report is segmented – 1) By Sports Type: Football, Baseball, Basket Ball, Hockey, Cricket, Other Types 2) By Platform: Website, Mobile Application 3) By Usage Type: Free, Paid, Hybrid 4) By Application: Individual Competition, Team Competition The fantasy sports market size has grown rapidly in recent years. It will grow from $25.43 billion in 2023 to $28.41 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to internet and mobile penetration, increased popularity of major sports leagues, social connectivity, growth of interactive and engaging platforms, cross-platform accessibility. The fantasy sports market size is expected to see rapid growth in the next few years. It will grow to $47.02 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to emergence of new sports, enhanced user engagement features, gamification elements, legalization and regulation, integration with social media. Major trends in the forecast period include integration of augmented reality (AR) and virtual reality (VR), incorporation of blockchain technology, collaborations with sports leagues and teams, AI-driven recommendations, customization and personalization.

Driving Growth In The Fantasy Sports Market Through Increased Demographic Participation

The increasing youth population is contributing to the growth of the fantasy sports market. The present youth spending more and more time on smartphones and, by extension, social media, and fantasy sports has provided them with the possibility to connect and have more enjoyable conversations and competitions with their peers. For instance, in November 2022, according to a report published by the European Commission, a Belgium-based commission that oversees and implements EU policies, as of January 1, 2021, the youth demographic, defined as individuals aged 15 to 29 years, constituted approximately 16.3% of the European Union's total population. Notably, certain NUTS level 3 regions stood out, with youth accounting for over a quarter of the total population. Specifically, the Danish capital region of Byen København led with 26.7%, followed by the student cities of Overig Groningen in the Netherlands at 25.4%, and Heidelberg, Stadtkreis in Germany at 25.1%. These regions showcased a significant concentration of young people within their populations. Thus, the increasing youth population propels the growth of the fantasy sports market.

Social Media Surge Propels Fantasy Sports Market Growth

Growing use of social media is expected to boost the growth of the fantasy sports market going forward. Social media refers to online platforms and technologies that enable users to create, share, and exchange content, information, and ideas within virtual communities. The social media platforms creates a space for enthusiasts to engage, share experiences, and build communities, fostering real-time discussions, team interactions, and updates that amplify the overall fantasy sports experience and drive user participation. For instance, in January 2022, according to a report published by We Are Social, a UK-based media agency, and Hootsuite, a Canada-based software company, there will be 4.62 billion social media users worldwide in 2022. This amount represents 58.4% of the entire world's population. Over the previous 12 months, the number of people using social media worldwide has increased by more than 10%, with 424 million new users beginning their social media journey in 2021. Therefore, the growing use of social media is driving the growth of the fantasy sports market. Major companies operating in the fantasy sports market report are ESPN Inc., FanDuel Group, DraftKings Inc., CBS Sports, Dream Sports, PlayON Fantasy Sports, Mobile Premier League, PlayUp Limited, PrizePicks, RotoWire.com LLC, Bovada, FantasyPros, Good Gamer Corporation, Fantrax LLC, Sleeper, Boom Sports, Battlefy Inc., MyFantasyLeague.com, 11Wickets, Sofa Superstars, WinView Games, SportTechie, BalleBaazi, NFL Fantasy Football, Yahoo Fantasy Sports, NBC Sports Edge, Fox Sports Fantasy Football, Victiv, Draft Team Fantasy Sports, Sportito, Own The Play, FSM Fantasy Sports

Major Companies Redefining The Fantasy Sports Market With Advanced Fantasy Sports Platforms

Major companies operating in the fantasy sports market are developing innovative products, such as fantasy sports platforms, to meet larger customer bases, increase sales, and increase revenue. A fantasy sports platform is an online application or website that enables users to create and manage virtual sports teams composed of real-life players from professional sports leagues. For instance, in September 2023, Mojo, a US-based company that specializes in creating hypercasual games, launched a daily fantasy sports game. Mojo Fantasy stands out with its distinctive features in the fantasy sports gaming arena. The platform offers contests where users can participate by selecting combinations of at least four player-based props, adding an element of strategy to the game. A unique aspect is the real-time trading option, which allows users to trade specific bets while salaries continue to fluctuate throughout the contest, providing an interactive and dynamic gaming experience. Furthermore, Mojo enables competitors to build portfolios that directly compete during live matches, enhancing the engagement and competitiveness of the gaming environment. Notably, the startup adopts a revenue model by taking three to five percent of the buy-in on each contest, establishing a sustainable framework for its operations.

Strategic Partnership For Next-Gen Fantasy Sports Gaming Infrastructure

Major companies operating in the fantasy sports market are adopting a strategic partnership approach to build the infrastructure for the next generation of fantasy sports gaming. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in November 2023, GameOn, a US-based gaming company, partnered with Sportsology, a US-based sports advisory firm. The partnership is set to inject $2.3 million in development fees into Q4, along with an annual recurring revenue of $1.4 million starting in 2024. The comprehensive deal holds a total projected value of $9.3 million over a five-year period, indicating prospects for growth and additional opportunities within the partnership. Under this agreement, GameOn is actively engaged in the creation of a fantasy sports infrastructure known as $GAME. This platform is strategically crafted to boost fan engagement and drive revenue growth for game developers and sports leagues on a global scale. $GAME is poised to elevate the player experience in sports-centric games such as fantasy, predictor, card battle, and sports betting games, among others relevant to the evolving ecosystem. Developers will leverage $GAME to offer features such as interoperability between games, distributed rewards, true asset ownership, and other advantages tailored for sports fans and gamers.

Bally’S Corporation Acquired Monkey Knife Fight (MKF)

In January 2021, Bally’s Corporation, a US-based gambling company acquired Monkey Knife Fight (MKF) for an undisclosed amount. The acquisition makes Bally's the third sports betting company in the USA to have a fantasy sports segment and advances the company's long-term growth and diversification strategy to become the first truly vertically integrated sports betting and iGaming company in the USA with a B2B2C business model. Monkey Knife Fight (MKF) is a North America-based fantasy sports gaming website. North America was the largest region in the fantasy sports market in 2023. Asia-Pacific is expected to be the fastest region in the forecast period. The regions covered in the fantasy sports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fantasy sports market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The fantasy sports market includes revenues earned by entities by operating E-sports facilities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The fantasy sports market research report is one of a series of new reports from The Business Research Company that provides fantasy sports market statistics, including fantasy sports industry global market size, regional shares, competitors with a fantasy sports market share, detailed fantasy sports market segments, market trends and opportunities, and any further data you may need to thrive in the fantasy sports industry. This fantasy sports market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Amusements Market Definition And Segments

Amusement is the state of experiencing hilarious and entertaining events or circumstances, and it is related to satisfaction, happiness, laughing, and pleasure. Amusement helps kids to create fun and enjoyment. The main types of amusement are amusement parks and gambling. Amusement parks are commercial enterprises that provide rides, games, and other sorts of entertainment. The several age groups include those below 25 years, 26 to 39 years, 40 to 59 years, and 60 to 74 years, and involve different visitor genders such as male and female. The amusements market covered in this report is segmented – 1) By Type: Amusement Parks, Gambling 2) By Age Group: Below 25 Years, 26 to 39 Years, 40 to 59 Years, 60 to 74 Years 3) By Visitors' Gender: Male, Female Subsegments Covered: Theme Parks, Water Parks, Amusement Arcades, Casino, Lotteries, Sports Betting, Other Gambling The amusements market size has grown strongly in recent years. It will grow from $619.95 billion in 2023 to $664.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to the increasing availability of leisure time, tourism growth, advances in entertainment technology, family entertainment, event marketing and promotion. The amusements market size is expected to see strong growth in the next few years. It will grow to $850.58 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to sustainability initiatives, experience economy, digital and augmented reality (AR), health and wellness focus, personalized experiences. Major trends in the forecast period include hybrid virtual and physical experiences, pop-up and mobile attractions, themed entertainment, sustainable design and practices, art and culture integration.

The Influence Of Social Media On The Amusement Market:

Increasing use of social media and access to mass media is positively influencing the amusement market. Visitors in amusement facilities such as amusement parks such as sharing their experiences, photographs, and videos on social media platforms which helps other people know about the experiences offered by the amusement parks. According to a study conducted by Visa, a cards and payment company, 73% of Asians check in online while on a holiday, and as many as 71% of people share their experiences on social media sites. Social media is the most effective marketing tool for amusement facilities such as casinos and amusement parks to acquire new customers. Extensive use of social media is expected to drive the amusement market going forward.

The Impact Of Social Media On The Growth Of The Amusement Market

The increase in the use of social media is expected to propel the growth of the amusement market going forward. Social media is a digital technology that enables the exchange of concepts and knowledge including text and images through online networks and communities. Social media enables attractions and building relationships with potential and existing customers. For instance, in May 2023, according to Social Media Perth, an Australia-based provider of marketing strategy, there were 4.8 billion active social media users as of April 2023 globally, and the average time spent online was 6 hours 35 minutes per day. Therefore, an increase in the use of social media drives the growth of the amusement market. Major companies operating in the amusements market include China Sports Lottery, China Welfare Lottery, The Walt Disney Company, Sociedad Estatal Loterías y Apuestas del Estado S.A., Maruhan, Flutter Entertainment PLC, The Hong Kong Jockey Club, Tabcorp Holdings Ltd., Oriental Land Company Ltd., Penn National Gaming Inc., Comcast Corporation (Universal Studios), Six Flags Entertainment Corporation, Cedar Fair Entertainment Company, SeaWorld Entertainment Inc., Merlin Entertainments, Sony Interactive Entertainment (PlayStation), Nintendo Co. Ltd., Activision Blizzard Inc., Electronic Arts Inc., Capcom Co. Ltd., Bandai Namco Entertainment Inc., Hasbro Inc., Mattel Inc., LEGOLAND Parks, Live Nation Entertainment Inc., ViacomCBS Inc. (Nickelodeon), Discovery Inc. (Discovery Theme Parks), Cineworld Group, AMC Entertainment Holdings Inc., Dave & Buster's Entertainment Inc., The Hershey Company (Hersheypark), Carnival Corporation (Carnival Cruise Line), Royal Caribbean Group (Royal Caribbean International), SeaDream Yacht Club, Palace Entertainment, Parques Reunidos, Vail Resorts Inc., Dalian Wanda Group (Wanda Cultural Tourism).

Impact Of COVID-19 On The Amusements Market And Prospects For Recovery

The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the amusements market in 2020 as governments globally imposed lockdowns and restricted domestic and international travel limiting the need for services offered by these establishments. COVID-19 is an infectious disease with flu-such as symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in the closure of recreational facilities such as amusement parks, museums, and casinos with countries entering a state of 'lockdown', and the outbreak is hurt businesses throughout 2020 and into 2021. However, it is expected that the amusements market will recover from the shock across the forecast period as it is a 'black swan’ event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Elevating The Amusement Park Experience With Virtual And Augmented Reality Technology

Amusement parks are increasingly using virtual and augmented reality technology to provide an immersive experience to customers. Virtual reality is a 3D, computer-generated environment that can interact with a person, whereas augmented reality turns an environment into a digital interface by placing virtual objects in the real world. Amusement parks are implementing this technology in rides and theater-based attractions. For instance, Plopsaland De Panne in De Panne, Belgium has a new virtual reality wooden roller coaster called Heidi the Ride, which can reach speeds of more than 43mph. Amusement Park SeaWorld has started operating a new Kraken Virtual Reality Roller Coaster in Orlando. The Weave Breaker coaster brings the reality of jet skiing in an amusement park. Universal Studios have The Walking Dead mazes with augmented reality elements.

Innovative Product Development In The Amusement Market

Major companies operating in the amusement market are focusing on developing innovative products, such as steel roller coasters, to provide reliable services to customers. Steel roller coasters are coasters made of tubular steel tracks and polyurethane-coated wheels, which allow them to be taller, faster, and smoother than traditional wooden roller coasters. For instance, in May 2023, Dollywood Parks & Resorts, a US-based family amusement park, launched the Big Bear Mountain coaster. Big Bear Mountain is a family-friendly coaster that reaches speeds of up to 45 mph. The coaster features three launches, multiple drops, and a variety of turns and twists. Riders are seated in two-across trains with a single row of seats. The coaster has onboard audio, including music and announcements, and travels around Wildwood Grove for about two minutes on almost 4,000 feet of track. Asia-Pacific was the largest region in the amusements market in 2023. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the amusements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the amusements market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa The amusements market includes revenues earned by entities by operating amusements facilities such as theme parks, water parks, amusement arcades, casinos, and sports betting facilities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The amusements market research report is one of a series of new reports from The Business Research Company that provides amusements market statistics, including amusements industry global market size, regional shares, competitors with an amusements market share, detailed amusements market segments, market trends, and opportunities, and any further data you may need to thrive in the amusements industry. This amusements market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Amusement Parks Market Definition And Segments

An amusement park is a large outdoor area where people can entertain themselves with various rides, games, and other events. Amusement parks help bring out smiles and joy to people of all ages. Theme and amusement parks have a great sense of community and happiness that is unique and hard to replicate with anything else. The main types of amusement parks are theme parks, water parks, and amusement arcades. A theme park is a type of amusement park in which the landscaping, buildings, and attractions are based on one or more specific themes, such as jungle wildlife, fairy tales, or the Old West. The various sources of revenue include tickets, merchandise, food and beverages, hotels and resorts, and others. Men and females of different age groups such as those below 25 years, 25 to 39 years, 40 to 59 years, 60 to 74 years, 75 years, and above are the visitors of the amusement parks. The amusement parks market covered in this report is segmented – 1) By Type: Theme Parks, Water Parks, Amusement Arcades 2) By Revenue Source: Tickets, Food And Beverages, Hotels And Resorts, Merchandise, Other Revenue Sources 3) By Age Group: Below 25 Years, 25 To 39 Years, 40 To 59 Years, 60 To 74 Years, 75 Years And Above 4) By Visitors’ Gender: Male, Female The amusement parks market size has grown strongly in recent years. It will grow from $79.68 billion in 2023 to $84.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growing customer preferences towards experiences on leisure, improved earning capacity, and mobile applications for amusement parks. The amusement parks market size is expected to see strong growth in the next few years. It will grow to $105.82 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to government support, rising urbanization, an increase in the use of social media, and increasing investments in themed amusement parks. Major trends in the forecast period include leveraging IoT to improve operational efficiency, focusing on green energy to power their rides and other attractions, focusing on retractable roofs and enclosures, focusing on virtual and augmented reality technologies, focusing on sustainable operations, and offering platforms to their patrons for booking rides.

The Positive Impact Of Social Media On The Amusement Park Market

Increasing the use of social media and access to mass media is positively influencing the amusement park market. Visitors in amusement facilities such as amusement parks like sharing their experiences, photographs, and videos on social media platforms which helps other people know about the experiences offered by the amusement parks. According to a study conducted by Visa, a card and payment company, 73% of Asians check in online while on a holiday, and as many as 71% of people share their experiences on social media sites. Social media is the most effective marketing tool for amusement parks to acquire new customers. Extensive use of social media is expected to drive the amusement parks market going forward.

International Tourism Boosting Amusement Park Market Growth

The increase in international tourism is expected to propel the growth of the amusement park market going forward. International tourism refers to traveling outside one's customary permanent location for at most a year for leisure, business, or other purposes. Amusement parks play a significant role in international tourism by attracting travelers worldwide, and their presence can turn a destination into a tourist hotspot. For instance, in May 2023, according to The United Nations World Tourism Organization, a Spain-based specialized agency that promotes tourism, international tourism receipts increased by 50% from 2021 to reach $1 trillion in 2022. Therefore, an increase in international tourism drives the growth of the amusement park market. Major companies operating in the amusement parks market report are The Walt Disney Company, Comcast Corporation, Oriental Land Company Ltd., Seaworld Entertainment Inc., Six Flags Entertainment Corporation, Maruhan, Cedar Fair Entertainment, Merlin Entertainment PLC, Vail Resorts, Inc., Aspro Parks, Della Adventure Park, Wonderla Holiday, China Travel Service (Hong Kong), USJ Co., Ramoji Group and Village Roadshow Limited (VRL), Freizeit- und Familienpark Mack KG, Euro Disney S.C.A., Disneyland Paris, Efteling Nature Park Foundation, Tivoli A/S, Patriot Theme Parks, Dream Island Holding Company, NBC Universal Media LLC, Hershey Entertainment & Resorts Company, Tinkertown Amusements Ltd., Canada's Wonderland Company, Marineland of Canada Inc., Rubi Gaming S.A.C., Dreams Corporation S.A.C, Rosa Laranjeira Lopes, Renato Rodrigues Silva, Slots Machines S.A, Interjuegos S.A, Jumeirah, Farah Experiences LLC, Tsogo Sun Kwazulu-Natal (Pty) Ltd., Silver Star Development Ltd., Gold Reef City Theme Park, Ushaka Marine World.

Impact Of COVID-19 On The Amusement Parks Market And Expected Recovery

The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the amusement parks market in 2020 as governments globally imposed lockdowns and restricted domestic and international travel limiting the need for services offered by these establishments. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in the closure of recreational facilities such as amusement parks with countries entering a state of 'lockdown' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the amusement parks market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Elevating Customer Experience In Amusement Parks Through Virtual And Augmented Reality Technology

Amusement parks are increasingly using virtual and augmented reality technology to enhance customer experience. Virtual reality is a 3D, computer-generated environment that can interact with a person, whereas augmented reality turns an environment into a digital interface by placing virtual objects in the real world. Amusement parks are implementing this technology in rides and theater-based attractions. For instance, Plopsaland De Panne in De Panne, Belgium has a new virtual reality wooden roller coaster called Heidi the Ride, which can reach speeds of more than 43 mph. Amusement Park SeaWorld has started operating a new Kraken Virtual Reality Roller Coaster in Orlando. The Weave Breaker coaster brings the reality of jet skiing in an amusement park. Universal Studios has The Walking Dead mazes with augmented reality elements.

Innovative Developments In Amusement Parks

Major companies operating in the amusement parks market are focusing on developing innovative developments, such as immersive aquatic attractions to strengthen their position in the market. An immersive aquatic attraction is a type of attraction that uses technology and storytelling to transport visitors to an underwater world. For instance, in November 2021, Vortex Aquatic Structures International Inc., a Canada-based manufacturer of water attractions, launched a dream tunnel. It is a modular attraction created to blend in with the surroundings and design of hotels, resorts, waterparks, amusement parks, and aquatic centers. While the walk-through experience improves any location as a stand-alone attraction, the floating experience accentuates a new or existing lazy river. Dream Tunnel creates immersive Dreamscape encounters with unique adventures by combining the power of water with cutting-edge technology. North America was the largest region in the amusement parks market in 2023. Western Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the amusement parks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the amusement parks market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa The amusement parks market includes revenues earned by entities by operating amusement parks with roller coasters, water slides, and other amusement rides, and provide outdoor entertainment services. The amusement parks and arcade market also include sales of amusement arcades such as family fun centers, pinball arcades, and amusement device parlors. This market includes sales of entry fees and ticket sales for rides, games, food and beverages, merchandise goods, and hotels and resorts. However, this market excludes sales of exclusive restaurants such as fast-food chains operating within amusement parks. Amusement and theme park companies operate mechanical rides, water rides, water games (including spectator sports and crowd engagement games), events, games, shows, themed exhibits, refreshment stands, and other visitor attractions for entertainment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The amusement parks market research report is one of a series of new reports from The Business Research Company that provides amusement parks market statistics, including amusement parks industry global market size, regional shares, competitors with amusement parks market share, detailed amusement parks market segments, market trends and opportunities, and any further data you may need to thrive in the amusement parks and arcades industry. This amusement parks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Online Gambling Market Definition

The online gambling market consists of sales of gambling activities on the internet by entities (organizations, sole traders or partnerships) that operate online gambling facilities such as online casinos, online bingo, online lotteries, online poker, and online video games and sports betting, among others. These services allow the users to wager real time money while playing remotely or from any location in the world. The online gambling market includes sales of gambling services on different devices such as mobile, desktop and others. Online gambling is any kind of gambling activities, whereby players wager something of value on an uncertain event or game, with the possibility of winning something else of value, that are conducted over the internet, with users participating through mobile devices, desktop, and others. Gambling operations normally operate at a ‘win ratio’ of between 2 and 10% (amount wagered- amount won/ amount wagered) although this varies considerably according to the type of gambling activity. Though online gambling is restricted in many countries, a few states in the USA, and many European Union countries allow online gambling activities.

Sports Market Definition

A sport refers to a human activity involving physical exertion and skill. Sports may involve elements of competition or social participation, where rules and patterns of behavior governing the activity exist formally through organizations. The sports market consists of sales of sports services and related goods by entities (organizations, sole traders and partnerships) that offer spectator sports and participatory sports. Spectator sports include teams or clubs and independent athletes that present sporting events before a paying audience. Team owners of participants that enter competitive events or other spectator sport events, and sports trainers who provide specialized services to support participants in sports events or competitions are part of this industry. The establishments that operate race tracks are also included in this industry. The sports market includes revenues generated by entities that provide live sporting events before a paying audience or entities that operate golf courses and country clubs, skiing facilities, marinas, fitness and recreational sports centers and bowling centers.