Market Overview
Find out how Sportsgeist's ultimate sports entertainment platform is disrupting the traditional sports betting industry in innovative ways.
Positioning
Sportsgeist is surfing over three global mega-trends:
Online Sport predictions
Online Gaming
NFT/Crypto/Blockchain
Market data
The global sports application market is expected to reach $29.6 billion by 2023. The market is expected to expand at a compound annual growth rate [CAGR] of 11.2% from 2023 to 2031.
The growing digital infrastructure and the penetration of connected devices are the key factors driving the market. Additionally, the increase in sports events and leagues is driving the demand especially for sports betting platforms.
Stringent government regulations about the overall gambling market across various regions and countries are expected to hamper the market growth. However, applying AI and blockchain technologies will boost market growth in the coming years.
The global play-and-Earn NFT Games market size is projected to reach $3292.73 million at 2023, at a CAGR of 17.93% during 2023-2030, reaching $8856.95 million by 2030. Sky Mavis is the largest producer of play-and-Earn NFT games in the world and has a 35% share. North America holds about 35% of global market share, followed by Europe with around 30%. Non-fungible tokens (NFTs) for sports media will generate more than $2 billion in transactions in 2022, about double the figure for this year, according to research from Deloitte.
The global online gaming market size surpassed $204.63 billion in 2022 and is anticipated to garner around $440.89 billion by 2032, expanding at a notable CAGR of 7.97% from 2023 to 2032.
Other key market sizes:
The Global sports betting market is expected to reach $140.26 billion by 2028. The market is expected to expand at a compound annual growth rate [CAGR] of 10.1% from 2021 to 2028.
Online Gambling Market: The global online gambling market size was valued at $53.7 billion in 2019 and is expected to grow at a compound annual growth rate [CAGR] of 11.5% from 2020 to 2027.
Esports Market: The global esports market size was valued at $1.1 billion in 2019 and is expected to expand at a compound annual growth rate [CAGR] of 24.4% from 2020 to 2027.
The global fantasy sports market size was $22.9 billion in 2021. The global fantasy sports market size is forecast to reach $66.9 billion by 2030, growing at a compound annual growth rate [CAGR] of 14.9% during the forecast period from 2022 to 2030.
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