Industry Analysis & Industry Trends
While fantasy sports have always been popular, the trend has been growing steadily as more people get connected to the internet and mobile devices, making it easier to manage teams and trades. Despite a stumble during the recession when per capita disposable income was low, the industry has posted double-digit annualized growth since 2007. This industry generates most of its revenue from advertisements, so as advertising expenditure grows, it boots Fantasy Sports Services' revenue. As free time decreases, however, there is less time for consumers to join fantasy leagues, potentially hurting revenue.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In the 10 years to 2019, industry value added, which measures the industry's contribution to the US economy, is expected to increase at an annualized rate of 10.4%. Meanwhile, US GDP is forecast to rise at an annualized rate of 2.5% over this same period. These rates indicate the industry is in a growth phase of its life cycle since its growth rate outpaces GDP over a 10-year period. Rising industry participation and new product offerings also indicate a growing industry.
Over the 10 years to 2019, the number of establishments in this industry is expected to increase at an average annual rate of 3.2% to 332... purchase to read more