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Fantasy Sports Market to Grow by USD 9.72 Billion (2024-2028), Driven by Launch of Fantasy Sports Apps, AI Driving Market Transformation – Technavio

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NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global fantasy sports market size is estimated to grow by USD 9.72 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.05% during the forecast period. Launch of various apps for fantasy sports is driving market growth, with a trend towards use of fantasy sports for brand promotion. However, uncertain future of fantasy sports and ill effects of gaming on health poses a challenge. Key market players include APKMozo.com, Blitz Studios Inc., Dream Sports, FantasyPros.com, Fantrax, Flutter Entertainment Plc, Fox Corp., GamesKraft Technologies Pvt. Ltd., GDC Media Ltd., Head Digital Works Pvt. Ltd., i3 Interactive Inc., MyTeam11, NFL Enterprises LLC, Paramount Global, Playerzpot Media Pvt Ltd, Premier League Ltd., RealTime Fantasy Sports Inc., Sachar Gaming Pvt. Ltd., Sorare, and Yahoo.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Fantasy soccer, Fantasy baseball, Fantasy basketball, Fantasy football, and Others), Platform (Mobile application and Website), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

APKMozo.com, Blitz Studios Inc., Dream Sports, FantasyPros.com, Fantrax, Flutter Entertainment Plc, Fox Corp., GamesKraft Technologies Pvt. Ltd., GDC Media Ltd., Head Digital Works Pvt. Ltd., i3 Interactive Inc., MyTeam11, NFL Enterprises LLC, Paramount Global, Playerzpot Media Pvt Ltd, Premier League Ltd., RealTime Fantasy Sports Inc., Sachar Gaming Pvt. Ltd., Sorare, and Yahoo

 

Key Market Trends Fueling Growth

The Fantasy Sports Market is experiencing significant growth, with popular sports leagues and tournaments like the NFL, Premier League, IPL, and more driving fan engagement. Fantasy sports platforms are thriving in the online gaming sector, thanks to high-speed internet and mobile applications. Football, baseball, basketball, hockey, cricket, and other sports are all represented in this industry. Trends include daily fantasy contests, virtual trading, and fan interaction through social media. New technologies like virtual reality (VR) and augmented reality (AR) are also gaining traction. However, online gambling and sports betting remain controversial. Key players include Reignmakers and Fantasy Football, offering NFT-based games and premium subscriptions. The market is expanding into new areas like soccer, FIFA, and various other sports. The mobile application sector is booming, with secure payment methods and blockchain-based apps ensuring safety. Software engineers, data scientists, and cyber security professionals are in demand to develop user-friendly interfaces and ensure fair gameplay. Internet penetration and sports tech are driving growth, with advertising, in-app purchases, and sponsorships providing revenue streams. Despite challenges, the future looks bright for this dynamic industry. 

Many major brands have adopted fantasy sports as a marketing strategy. Unilever, for example, launched the Dove Men+Care fantasy football hub, offering exclusive football recommendations and advice from ESPN analysts to consumers. Toyota secured advertising space for the Yahoo fantasy football league recaps. Hilton introduced a free-entry fantasy racing contest for members of its hotel chains. These companies utilize fantasy sports to target high-income consumers aged 25 to 50 years. Global brands leverage this platform to boost their brand visibility and customer engagement. 

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Market Challenges

The Fantasy Sports Market is a thriving industry that allows fans to engage with their favorite sports leagues and tournaments, such as the NFL, Premier League, IPL, and more, through fantasy sports platforms. With the rise of high-speed internet and online gaming, fans can now participate in daily fantasy contests for football, baseball, basketball, hockey, cricket, and other sports from anywhere. Fantasy sports platforms offer user-friendly interfaces, social interaction, and virtual trading. The market includes mobile applications, eSports, and even NFT-based games like Reignmakers and Fantasy Football. The online gaming business is growing, with secure payment methods, blockchain-based apps, and fantasy chatbots. However, it’s important to note that illegal sports betting and online gambling are not part of this market. The market includes freemium models, in-app purchases, advertising, and premium subscriptions. The sports tech sector is driving innovation with software engineers, data scientists, and cyber security professionals. The market’s growth is fueled by increasing sports viewership, sponsorships, and internet penetration. The mobile application sector, including sensor tower, plays a significant role in the market’s success. Virtual reality (VR) and augmented reality (AR) are also emerging trends.The fantasy sports market experiences continuous evolution, with companies like FanDuel and DraftKings emerging as major players, generating substantial revenues. However, their business practices faced scrutiny in 2015 due to allegations of illegal gambling. This incident led regulators and lawmakers to intervene, ensuring consumer protection and fair distribution of profits. It is essential to acknowledge potential health risks associated with fantasy sports, such as gaming addiction causing physical inactivity and related health issues, including carpal tunnel syndrome, headaches, migraines, sleep disturbances, and chronic back pain.

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Segment Overview 

This fantasy sports market report extensively covers market segmentation by

Product 1.1 Fantasy soccer1.2 Fantasy baseball1.3 Fantasy basketball1.4 Fantasy football1.5 OthersPlatform 2.1 Mobile application2.2 WebsiteGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Fantasy soccer- Fantasy soccer is a popular game where participants build teams of real-life soccer players and earn points based on their actual on-field statistics. This game involves selecting eleven players for four positions. Soccer’s global appeal fuels the fantasy soccer market’s growth. Notable leagues include Draft Fantasy Football, McDonald’s FIFA World Cup Fantasy, Fantasy Premier League, and UEFA Champions League Fantasy Football. Players can make transfers before the season, with a cap on the number during the season. Some websites offer unlimited transfers but deduct points. Player performance determines transfer fees. The increasing viewership on various media platforms, such as the internet and mobile, is expected to boost the segment’s expansion in the global fantasy sports market during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Fantasy Sports Market is experiencing exponential growth, fueled by the increasing popularity of sports leagues and tournaments across the globe. NFL, Premier League, IPL, and various other leagues have a massive fan base, driving the demand for fantasy sports platforms. High-speed internet and smartphones have made online gaming more accessible than ever before. The market size is projected to expand significantly due to the rise of the Online gaming business. Secure payment methods and the integration of blockchain-based apps ensure a safe and transparent user experience. Fantasy chatbots offer personalized recommendations and real-time updates, enhancing fan engagement. However, the market faces challenges from illegal sports betting and the need for regulatory frameworks. Sports Tech is revolutionizing the industry, with software engineers and data scientists at the forefront of innovation. Baseball, Cricket, Football (rugby), Volleyball, and other sports continue to captivate audiences worldwide, fueling the growth of the Fantasy Sports Market. Internet penetration is a key factor, with more regions embracing digital platforms for sports consumption.

Market Research Overview

Fantasy sports market is experiencing exponential growth, fueled by the popularity of sports leagues and tournaments across the NFL, Premier League, IPL, and more. Fan engagement reaches new heights with fantasy sports platforms, enabling high-speed internet users to enjoy online gaming experiences, including eSports, football, baseball, basketball, hockey, cricket, and more. Gameplay is enhanced through user interfaces, social interaction, and daily fantasy contests, as well as virtual trading and NFT-based games like Reignmakers and Fantasy Football. The mobile application sector is a significant driver, with platforms offering mobile applications and virtual reality (VR) and augmented reality (AR) experiences. Online gambling and sports betting are also integral parts of the fantasy sports ecosystem. However, it’s essential to maintain secure payment methods and adhere to regulations against illegal sports betting. Software engineers, data scientists, and cybersecurity professionals are crucial in developing these innovative platforms, ensuring seamless user experiences and protecting against potential threats. The online gaming business continues to evolve, with freemium models, in-app purchases, advertising, and premium subscriptions driving revenue. Emerging sports like badminton, football (rugby), volleyball, and others are also gaining traction in the fantasy sports world. Internet penetration and the rise of Sports Tech have played a significant role in the market’s growth. As more users access these platforms, the importance of sensor tower data and advertising opportunities increases. The future of fantasy sports lies in the integration of blockchain-based apps, fantasy chatbots, and the potential of in-app advertisements, pay-per-download, and subscription services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductFantasy SoccerFantasy BaseballFantasy BasketballFantasy FootballOthersPlatformMobile ApplicationWebsiteGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

Saving Southeast Asian vegetable biodiversity

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December 3, 2024

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Assessing trends, current status, and building an inclusive roadmap for future conservation and use

3-4 December 2024
World Vegetable Center headquarters, Shanhua, Taiwan

TAIPEI, Dec. 3, 2024 /PRNewswire/ — Vegetables are hugely important for human nutrition, and for diverse and resilient farming systems that generate income for smallholder producers, processors and traders. But, due to changes in the climate, diets and land use, we see a loss in crop diversity, wild species and varieties that could hold valuable genetic material for breeding more tolerant and productive crops in the future. So, we urgently need to conserve and use more vegetable biodiversity, and this symposium is major step in that direction. The event will be attended by 35 professionals from 11 countries across Southeast Asia. 

This important international symposium comes at the end of the first phase of the Taiwan Asia Vegetable Initiative – ‘the TAsVI project’ – that is strengthening international collaboration for conserving more vegetable biodiversity in Asia, and promoting the use of vegetable germplasm in research, breeding and farming for improved health, nutrition and climate resilience. The World Vegetable Center leads implementation, with partners in Malaysia, the Philippines, Taiwan, Thailand and Vietnam.

It begins on Tuesday 3 December with introductions, including The WorldVeg Director General and representations from the Taiwan Ministry of Foreign Affairs, and other organizations. This will be followed by keynote presentations by leading WorldVeg scientists, and regional perspectives from many ASEAN countries. The second day will focus on building regional consensus on the development of the Southeast Asian Vegetable Biodiversity Rescue Plan, to benefit all countries.

A key component of the Taiwan Asia Vegetable Initiative has been the repatriation back to their respective home countries of more than 3,000 vegetable seed accessions stored at the WorldVeg genebank in Taiwan, that were collected across these countries 20-30 years ago. ‘Seed homecoming ceremonies’, celebrating the return of these seeds to respective national authorities, have been held in Thailand, the Philippines and Vietnam in late 2024, alongside national workshops to promote the use of the accessions being sent ‘back home’, by connecting national genebanks with universities, government organizations, seed companies and farmer organizations. This aim is to expand such activities across the wider Southeast Asia region.

For media, contact – sara.chen@worldveg.org and angel.jeng@worldveg.org
For technical information, contact – maarten.vanzonneveld@worldveg.org

Acknowledgements
This symposium is part of the Taiwan Asia Vegetable Initiative (TAsVI), funded by the Taiwan Ministry of Foreign Affairs (2022-2024). It is implemented by the World Vegetable Center, in partnership with the Taiwan Agricultural Research Institute (TARI) National Plant Genetic Resources Center; Malaysia Agriculture Research and Development Institute (MARDI) Horticulture Research Centre; University of the Philippines Los Baños (UPLB) Institute of Plant Breeding, and Bureau of Plant Industries (BPI), the Philippines; Kasetsart University Tropical Vegetable Research Center (TVRC), and Department of Agriculture Horticulture Research Institute national genebank, Thailand; and Fruit and Vegetable Research Institute (FAVRI), and Vietnam Academy of Agricultural Sciences (VAAS) Plant Resource Center (PRC), Vietnam.

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SOURCE Taiwan Asia Vegetable Initiative

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IEI Unveils HTB-230D-R680E Medical AI Computer: Transforming Medical Imaging with AI-Powered Precision

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December 3, 2024

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TAIPEI, Dec. 3, 2024 /PRNewswire/ — IEI Integration Corp. (TAIEX:3022) proudly announces the launch of the HTB-230D-R680E Medical AI Computer, a cutting-edge solution designed to revolutionize medical imaging diagnostics.

As the demand for precise and rapid medical imaging grows, healthcare professionals require tools that deliver both accuracy and efficiency. The HTB-230D-R680E meets this need with advanced AI computing capabilities and an intuitive 10.1″ PCAP touchscreen, significantly reducing diagnostic time while enhancing precision. The HTB-230D-R680E is ideal for surgical recording, medical diagnostic assistance, and AI Inference in Medical Imaging.

Advanced Computing Power for Medical Diagnostics

Powered by 13th Gen Intel® Core™ i9/i7/i5 processors and up to 128GB DDR5 memory, the HTB-230D-R680E supports NVIDIA Quadro RTX Ampere GPUs, delivering exceptional AI computing power. Healthcare professionals efficiently process imaging data, detecting subtle abnormalities often missed, enabling faster and more accurate diagnoses.

Medical-Grade Scalability and Reliability 

The HTB-230D-R680E is designed to adapt to diverse medical applications. It supports one PCIe x16 and two x4 expansion slots, allowing for the seamless integration of GPUs, video capture cards, and interface cards.

To meet rigorous demands in healthcare environments, it incorporates a 700W ATX medical-grade power supply and a sophisticated three-zone airflow system, ensuring stable operation under heavy workloads.

Interactive 10.1″ PCAP Touchscreen for Intuitive Diagnostics

Integrated with a 10.1″ 1920×1200 LCD featuring 10-point touch capability, this interactive display delivers real-time visualization and intuitive operation with multi-layer gloves, simplifying workflows and improving efficiency for healthcare professionals.

“The HTB-230D-R680E redefines efficiency and precision in medical imaging. By leveraging advanced AI capabilities powered by its robust CPU and GPU integration, it accelerates image recognition and pathological analysis, ensuring faster, more accurate for diagnostic assistance,” said David Hung, Product Manager at IEI.

Discover how HTB-230D-R680E transforms medical imaging. Visit https://www.ieiworld.com/en/product/model.php?II=1055

About IEI:

IEI Integration Corp. is one of the world’s leading providers of industrial computing and AIoT solutions. Committed to delivering innovative technologies in industrial computers, medical IT, and network communications, it paves the way for a smarter, more connected future across diverse industries. (www.ieiworld.com)

Video – https://www.youtube.com/watch?v=Bhr4gV4HzLs
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From a Hacker News Post to $1.5M Funding: Recall is on a mission to bring order to content chaos

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December 3, 2024

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A post on Hacker News led to Recall securing a $1.5M funding round, led by renowned VC Jason Calacanis. Now, Recall is transforming how individuals and businesses consume, organize, and review their knowledge.

AMSTERDAM, Dec. 3, 2024 /PRNewswire/ — Recall (getrecall.ai), helps users summarize, organize, and revisit information. Unlike most AI tools that prioritize efficiency, Recall enhances learning through scientific techniques like active recall and spaced repetition. The journey began with a Hacker News post that attracted its first investment from Splash Capital within just 8 hours. Today, Recall has secured $1.5 million in pre-seed funding led by Jason Calacanis, with participation from Blockchain Founders Capital and Rocket Capital. This will fuel Recall’s mission to bring order to content chaos, transforming how individuals and businesses consume, organize, and retain knowledge.

The Story Behind Recall

South African CEO, Paul Richards, brings a decade of expertise in knowledge graphs in the cybersecurity industry, as one of the first employees at Maltego, seeing it through to exit. Recall was born from frustration with existing tools that required excessive manual effort but failed to connect and resurface knowledge effectively.

He envisioned a self-organizing knowledge graph that would dynamically connect his notes and resurface past content whenever new, related information emerged. So, he built Recall as a side project, but after a year of trying, he failed to gain any traction. The post on Hacker News was Paul’s last resort, and it turned out to be a lifesaver. That first check changed everything. He quit his job, went all in, and brought on CTO Igor Gligorević, a true 10x developer from Novi Sad, to accelerate development.

After a few successful Product Hunt launches, including getting #1 Product of the Month in June, the team got into Jason Calacanis’ accelerator programme. They were voted top startup in their cohort which then led to Jason leading their pre-seed round.

 “Our vision is to redefine knowledge management as ‘intelligence management,’ where content consumption is intentional and insightful,” said Recall’s COO, Sankari, who brings over 10 years of startup experience (7 years at Uber and 3 at CloudKitchens).

How Recall works

The web & mobile app organizes information into a personalized knowledge graph, automatically tagging and connecting content based on key entities. There are four main features:

Summarize – Recall summarizes online content from articles, PDFs, and YouTube videos up to 10 hours long.Categorize – Automatically categorize content using topic-based tags that adapt to the user’s existing taxonomy.Connect – Content is stored in a knowledge graph, revealing hidden connections and unlocking new insights.Review – Recall reinforces memory with a spaced repetition quiz, helping users retain content over time.

Product Hunt Launch

Get ready for an exciting new chapter in Recall’s journey! Soon bringing even more utility and powerful insights to its platform. Don’t miss out—follow the Recall team on Product Hunt to be the first to explore the new features.

Recall 

Recall is an AI powered personal encyclopedia that enables order amidst the chaos by summarizing, categorizing, and connecting content in a knowledge graph. It is a Delaware C corp, founded in 2022 in Amsterdam, by Paul Richards, a South African fullstack developer with a deep expertise in knowledge graphs in the cyber security industry. Founders: CTO: Igor Gligorevic (Serbian | FS Dev | EPAM) &  COO: Sankari Nair (South African | 7 years ex-Uber ).

For more information, visit www.getrecall.ai or contact us at support@getrecall.ai.

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