New Delhi, Feb. 15 -- India's sports technology market is set for significant expansion, with projections indicating revenues will reach Ra 49,500 crore by 2029, growing at a compound annual growth rate (CAGR) of 13 per cent, according to a new report by the Federation of Indian Fantasy Sports (FIFS) and Deloitte.

However, the fantasy sports (FS) sector, which has been a major growth driver, faces challenges due to regulatory hurdles and increased taxation.

The report, titled'Beyond the Field: India's Sports Tech Revolution', identifies fan engagement, sports data and analytics, and foundational technologies as key contributors to this growth. Fantasy sports, which generated Ra 9,100 crore in FY24, is expected to see a decline of 10% in...