~snip~
Yeah this space is going to change drastically but after 4-5 years during next IPL media rights deal.
The way these franchises are expanding their footprints it seems they will now compete with each other for fixed 4-5 months every year and seriously trying to tap every new market.
Still it will take a long time for other franchise cricket to compete with IPL. Bilateral and trilateral series are already being less frequent. I reckon they will completely end in a few years time. Only ICC trophies will happen for different formats of cricket. This is what has been happening in football for a long time now the same will happen in cricket too.
I didn't mean to indicate that these new tournaments will compete with IPL. I was pointing fingers only towards Franchise such as MI, CSK, DC etc as these guys taking positions in every new league cricket so technically play each other for 4-5 months, starting with CPL, South African, Uae and then in IPL itself.
There is no competition for IPL as it is already miles ahead.