We all love to watch a good competition. It gets even more thrilling if we get to be a part of it. A fantasy gaming application is just doing that for us.
Whether you are a big fan of football, basketball, cricket, or of rugby, now not only you can watch the game but also be a part of it through a fantasy gaming application. This application is a perfect platform for all the hardcore fans of these exciting games. Millions and millions around the world are playing fantasy sports and bringing a huge sum of revenue to this industry.
If you are thinking about investing in fantasy sports app development, then you have indeed arrived at the right page. We are here to assist you with all the information related to it that can help you make your decision a lot more convincingly. Let’s get started.
What Will We Discuss
- Fantasy Sports App Development: Synopsis
- Fantasy Sports Application: Facts And Figures
- Fantasy Sports App Development: How It Makes Money?
- Fantasy Sports App Development: Popular Examples
- Fantasy Sports App Development: Must-Have Features
- Fantasy Sports App Development: Costing
- Fantasy Sports App Development: Is It Legal?
- Fantasy Sports App Development: Future
- Fantasy Application Development: How Can A3Logics Assist You?
Fantasy Sports App Development: Synopsis
When it comes to fantasy sports applications, it is basically played between two or more users who compete by creating their own team according to the live game. They take part in a contest as a group with their teams. The team with the highest points at the end of the game wins. The allocation of the points varies from one sport to another.
So, in this way, the users can also be a part of the game they enjoy watching. With the fanbase of all the sports in huge numbers, fantasy sports application development becomes a perfect investment for businesses around the world. Not only is it a profitable industry, but also there is a lot left to explore in this industry.
As a business owner, you might have several questions in mind while thinking about connecting with a reliable fantasy sports app development company. Don’t worry; we have you covered here to assist you in proceeding ahead with your decision-making process without any hassle.
Fantasy Sports Application: Facts And Figures
Fantasy gaming has been in this industry for a long time period. In the last decade, it has caught the attention across the planet, and its craze has spread like wildfire. It started with Golf and now can be played for basketball, football, and many other games.
Using it is very easy, and the rules of the games are not complicated at all. With so much to win, users just can’t ignore being a part of it for all the live games. With the fanbase of all the sports increasing with every passing day, businesses can still benefit significantly by connecting with fantasy sports app development company USA experts.
Well, the numbers below do suggest the same. Check it out:
- As per the latest reports, by 2025, the market size of the fantasy sports application is forecasted to cross $86.5 billion.
- 33.4% is the predicted compound annual growth rate of the fantasy sports market from the year 2020 to 2025.
- Only the basketball segment is predicted to cross the mark of $14.9 billion in 2025. It was $3.8 billion in the year 2020, so the expected CAGR growth is going to be approx. 31%
- In this period of 2022 to 2025, you can witness a broad spectrum of sporting events plus exciting features to be integrated into fantasy sports applications. So, this can drive more users in the coming time.
- Another essential fact that reflects the growth of the industry is more investment in fantasy sports application development. As there are going to be more applications, the number of users is also going to get better. So, you’ll have a bigger market to target and generate exciting revenue.
These facts, stats, and figures reflect how this industry is shaping up and attracting business owners from all corners of the world. Today, not only do we have fantasy sports applications for most of the games but also for particular tournaments as well. So, all these aspects show why the demand for fantasy sports app developers is growing with time and why you must not wait for anymore.
If you have decided about the same, then we have a lot more to share with you in terms of how you can go about your application development process and gain by investing in fantasy gaming applications. Keep reading.
Fantasy Sports App Development: How It Makes Money?
While investing in the domain of fantasy sports applications, the first thing that you would like to know is how you can bring the returns. Though the industry is new, it comes up with many ways that can help you make your application monetized. It has already been associated with several leagues around the world, including National Rugby League, Australian Football League, Barclays Premier League, Indian Premier League, National Basketball League, and many more.
This reflects that the user’s traffic is never going down in the market and can help you get benefits with higher revenue every quarter. But, it is not just restricted to the users; there are several more ways with which you can generate income with the use of fantasy gaming applications.
Let’s assess how:
- The first approach that can be followed is asking your users to pay a small amount of money to get registered with the application. The ones who pay and use your application are rewarded with other benefits like a discount on the next contests or a bigger cash prize, bonus amount, or more.
- The next approach that can be implemented to make your fantasy gaming application generate revenue for you is through advertisements. There might be a high probability of different companies routing for your application to promote their products and services. As the number of users grows, you might find several companies reaching for your business for branding purposes.
- You can also generate revenue by adding a commission to every contest the users take part in through the application. As and when they take part in the contest by paying money, a percentage of that sum is credited to the company, and the rest is transferred to the winner. So, this approach can help you generate a reasonable sum of money as and when the number of users taking part in the application gets better.
These are a few of the best approaches that can be taken to generate money whether you invest in fantasy football app development service or fantasy cricket application development. But, you need to first understand how much you are going to invest in the application for the purpose of development, administration, and launching. All this can prove to be very expensive. After this, you must take things ahead to revenue generation as it gives you an idea of how much time it can take for you to show profits.
Already there are few successful applications with a number of users, so it is essential that you connect with prominent IT consulting firms to assist you with a standout fantasy gaming platform. If you are thinking about how you can make your application better, it is crucial that you study the applications that are already on the market. Let’s take a sneak peek.
Fantasy Sports App Development: Popular Examples
If you have finally decided to invest in a fantasy gaming platform, it is important that you dig deep and study more about the applications that are already making a huge roar out in the market. We are here to help you know about a few of the best examples of fantasy gaming applications that can help you understand the application a lot more clearly to proceed ahead with the process of development.
These applications can help you understand the areas of focus and what else you can add on to make things. Below is the list of popular fantasy gaming applications:
DraftKings: One of the biggest multi-game fantasy platforms in America, DraftKings has it all to keep the gamers hooked on all the sports.
Yahoo Fantasy Sports: Just like its browser, its fantasy gaming application also has been a huge hit among users around the world.
Dream 11: Acknowledged as India’s biggest fantasy cricket app development company, Dream 11 now has something for all the sports lovers with exciting features as well.
FanDuel: Based in the USA, it is one of the biggest platforms known for hosting fantasy sports for different leagues, including NCAA, NBA, MLB, and more.
ESPN Fantasy Sports: It is a globally acclaimed fantasy gaming application that is very popular among hockey, baseball, football, and basketball fans.
CBS Fantasy Sports: It is one of the most popular fantasy gaming applications in America known for hosting games for hockey, basketball, baseball, and football,
So, these are a few of the best examples of fantasy sports applications that you must keep in your eye while moving ahead with the development process. It helps you guide your IT professional services providers about the features that you must get added to your application to gain the best results out of it. Talking about features, the next segment is all about it so that you can have your application get developed appropriately. Let’s dive in.
Fantasy Sports App Development: Must-Have Features
Your application is defined by the features it carries within itself. So, it is important that you get your application designed with the inclusion of the right attributes that can not only catch your attention but also keep you hooked till the end. So, below mentioned are a few of the attributes that can give your application an edge:
Easy-To-Login: The first thing that users will see in your application is the login page. So, it is important that you get that right with the inclusion of the right attributes. You can make the login process easier by allowing the users to register using email or social media accounts. Not only is it fast but also quite secure and simple to proceed with.
Leaderboard: Another important feature that is a must-have in your fantasy app platform is the leader board, where players can track their performance in real-time. This can build interest and make them remain hooked to it.
Data Feed: This feature allows the users to connect with other users by sharing their details. It allows one user to check with the data of other users, like assess their performance and then strategize for the game accordingly.
Space for Promotion: As stated above, branding can be one of the ways to generate revenue. So, it is important that you have a space for it in your application. You can design the charges as per the space available and promote your application accordingly.
Referrals: One of the most successful forms of marketing is rewarding a referral by a user. Integrating this feature is going to inspire other users to ask for more users to join in as they are going to be rewarded with a few extra bucks or discounts.
Live Score: You must also ask enterprise software development service providers to integrate the feature of live scores where the users can enjoy their game with live-action as well. They don’t have to use other applications to check the game score.
Streaming: You can also add an attribute of live video streaming of the match. This allows users to enjoy the entire game using your application and also take part in the fantasy league. So, users will have nowhere to go other than your application to enjoy the game.
Payment Gateways: You need to make sure that your application has secure and sound payment gateways available to make their transaction with the assistance of eWallet app development company. Having that can help you gain the trust of the users, and they won’t think twice before taking part in the contests available.
So, these are a few of the features that can help you make your application stand out. It can assist you in giving your users everything they need to have a gala time while playing the fantasy league. All you need to do is to connect with the best fantasy cricket app development company to assist you in having your application developed with the use of the right technologies and functionalities.
Fantasy Sports App Development: Costing
Now we are going to assess the cost of the application in detail so that you can get an idea of how you have to plan further while you connect with an enterprise software development company for the same.
When it comes to the cost of an application, it completely depends on the factors like:
- Features to be added,
- Platform to be used for the purpose of development,
- Developer charges,
- Geographical location
- And further complexities.
After all these aspects, the complete costing of the application is provided by the mobile application development company to assist you with the fantasy gaming platform. So, it is important that you note down all the attributes that you are looking forward to having in the mobile application development with a design and operational chart and then connect with the development service providers.
If you compare the costing of the applications already available in the market, then you might know that it varies big time. There are a number of reasons that lead to the huge gap between the costing of the respective application. But, we have the basic breakdown of the costing that you can proceed ahead with cost estimations.
If you are hiring on a per hour basis, then your charges can vary between $100 to $300 per hour depending on the location and background of the app development company you choose. Talking about the entire package of getting the fantasy gaming application, then it can cost you between $15,000 to $50,000.
Hopefully, now you are clear with the cost estimation of getting the respective application developed. You need to make sure that you have all the right attributes discussed above in your application to give it an edge and enhance the chances of better traffic.
Fantasy Sports App Development: Is It Legal?
There are many who still consider fantasy sports concepts similar to betting. But, the difference is huge. When it comes to fantasy applications, it completely depends on the aptitude process of the game. Things are different when it comes to betting where there is no concept involved, only the probability of whether the person is correct or not. Slowly and steadily, most of the states around the world are accepting the fact that fantasy gaming is way different compared to gambling and giving it legal status.
In time to come, even more, cities are expected to accept the fact that fantasy gaming is fully legal and there is no gambling concept involved. This can undoubtedly enhance the chances of its growth even more. But, deciding whether this application is legal or not entirely depends on the lawmakers of the different countries.
At present most parts of the world have given this application a green flag, and the numbers keep getting better. So, now let’s assess what is the future of the respective application and how it proves to be the right decision to invest in the domain of this enterprise mobile application development.
Fantasy Sports App Development: Future
We all know how the number of fantasy gaming application users is getting higher every single minute. The industry is yet not competitive and has a lot left to explore. So, the future is bright in every term for fantasy gaming applications.
Slowly, we are going to find fantasy gaming applications with even better functionalities, features, and tools. This can gain the attention of even more users and push the popularity of this application to a whole new level.
This gaming concept has been there for a long time but has got bigger with the shift towards mobile applications. As per the forecasts and predictions are given in the segment of Facts and Figures above, it is quite visible that this concept is there to stay, to be explored, and to be conquered.
Fantasy Application Development: How Can A3Logics Assist You?
If you are looking for a reliable and proficient company to take care of your needs for fantasy application development, then you can consider connecting with A3Logics. Why? Take a look at the below-mentioned reasons that separates us from the rest:
- Get skilled mobile app developers at your service
- Avail customized assistance
- Have the qualified testing team at work
- Get the application ready as per the deadline set.
- Avail cost-effective solutions
These attributes make us the best and most proficient company in the industry to provide fantasy sports application development services. You reach out to us anytime and avail all the assistance you need for the purpose of fantasy application development.
Hopefully, you are fully clear about the world of fantasy sports applications. The market is constantly expanding, and without a doubt, it is going to get bigger in the time to come. The market stretches all across the world and needs more to be explored. So, businesses must make most of this opportunity and invest in the domain of fantasy application development. The key to finding success is connecting with the right company for the purpose of development. This is where we at A3Logics can take complete responsibility and help you have your application developed to perfection.