Lewes, DE -- (SBWIRE) -- 03/01/2016 -- Report forecast the fantasy sports market in Brazil to grow at a CAGR of 20.74% during the period 2016-2020.

A fantasy sport is a game, which allows participants to create a team made of players of their choice. These participants compete against teams that are owned by other fantasy players. The winning team is determined based on the performance of the selected players in real-world sports. The players engage in a variety of fantasy sports including fantasy football, cricket, baseball, hockey, and golf. The winners of these games are awarded money, gift cards, or other prizes.

The report covers the present scenario and the growth prospects of the fantasy sports market in Brazil for 2016-2020.

The market is divided into the following segments based on products:
- Fantasy soccer
- Fantasy football
- Fantasy baseball
- Fantasy basketball
- Others (fantasy ice hockey, fantasy mixed martial arts, fantasy boxing, auto racing, fantasy cricket, fantasy golf, and fantasy hockey)

According to the report, rapid Internet penetration along with its easy accessibility favors the growth prospects of the market. This has enabled gamers to access fantasy sports websites. Many players consider these websites to be a new form of social networking, where they can connect to others with similar interest in sports. This has accelerated social interaction among online gamers, boosting the market's growth.

Further, the report states that the popularity of fantasy sports is restricted — many consider it a form of gambling, as it is played online for money.

Fantasy Sports Market in Brazil 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Fantasy Sports Market in Brazil: CBS, DraftKings, FanDuel and Yahoo.

Other Prominent Vendors in the market are: Ballr, Bovada, Fantasy Aces, Fantasy Feud, Fantrax and Hattrick.org

Market driver
- High Internet penetration
- For a full, detailed list, view our report

Market challenge
- Negative perceptions about fantasy sports
- For a full, detailed list, view our report

Market trend
- Increased traction of daily fantasy sports
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 48 pages and 23 Exhibit "Fantasy Sports Market in Brazil 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by product, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/fantasy-sports-market-brazil-2016-2020

Find all Sporting Goods report at: http://www.marketresearchreports.com/sporting-goods

About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Yearly/Quarterly Report Subscription: http://www.marketresearchreports.com/subscriptions