The fantasy sports app industry is highly lucrative, with 59.3 million fantasy sports player alone in the USA. Multiple big and small companies are dabbing into fantasy sports app development and garnering brilliant outcomes.
According to Allied Marketing Research, the global market size of fantasy sports expected to rise to $48.6 billion by 2027 from 2021. Between these years, the CAGR registered at 13%.
The surge in demand for a wide range of sports leagues and fantasy sports has opened a whole new arena for businesses and for mobile app development companies to leverage the market to its fullest.
Are you planning to develop a fantasy sports mobile app? It is time you should invest in this venture. The first thing that you have to do is to hire an experienced team of fantasy sports app developers or a top-rated fantasy sports app development company.
If you are still in a dilemma about whether to invest or not in the fantasy sports industry, then worry not; we are here with a list of the top 5 reasons to invest in fantasy sports app development.
But, before that, let’s first understand:
The Concept of Fantasy Sports
The history of fantasy sports dates back to the year 1952. It was the time when the concept of fantasy sports was emerging in the United States. However, we will discuss only the important milestones through the following bullet points:
- ESPN Star Sports was responsible for the start of fantasy sports in India.
- Later many other fantasy sports software have dramatically increased the popularity of such apps.
- In 2018 there were more than 20 million active participants.
- By the end of 2020, the number of fantasy sports app users will rise to 176.6 million.
5 Best Reasons to Launch Your Fantasy Sports App Like MyTeam11
It’s time to say goodbye to all your confusions, and get ready to go for fantasy sports app development:
Less Competition
The demand for fantasy sports apps is gradually rising, and there are very players in the market who have a platform ready for fantasy sports app development.
Henceforth, you will have comparatively less competition than other industries.
The market of fantasy sports is in its initial development, and considering the fact that there are very few players in the market, we ensure lesser completion and higher growth.
Hire a fantasy sports app development company like FEXLE Services and introduce an exceptionally superior fantasy sports mobile app to your prospects. The demand for fantasy sports apps is gradually rising, and there are very players in the market who have a platform ready for fantasy sports app development.
Henceforth, you will have comparatively less competition than other industries.
The market of fantasy sports is in its initial development, and considering the fact that there are very few players in the market, we ensure lesser completion and higher growth.
Hire a fantasy sports app development company like FEXLE Services and introduce an exceptionally superior fantasy sports mobile app to your prospects.
Potential Entertainment Source
The realm of fantasy sports has evolved a lot since its inception. Today, the concept of fantasy has penetrated deeper into society and gradually becoming a potential and stable source of entertainment, all thanks to the advancements in technology & customers’ progressive purchasing power.
Although there are many other features that play a pivotal role in enhancing the user experience and make fantasy sports apps a preferred choice for all. These features are as follows: badges, loyalty programs, achievements, etc.
Higher Demand
The advent of the fantasy sports mobile application has dramatically revolutionized the sports viewing experience of customers and sports enthusiasts now look at sports events with an all-new perspective.
The rise in the smartphone has paved the path for mobile apps to make their place in users’ mind. Amidst this, the easy availability of the internet has fueled the fantasy sports app development growth.
One of the major reasons for the rise in the fanbase of fantasy sports apps is that it allows users to create a virtual team of real-world players. Another factor is its ability to generate revenue, which actually depends on the performance of the dedicated players in real life.
Another reason for the increasing demand for such apps is their presence over social media. That celebrity endorsement also plays a pivotal role in increasing the fan-base of fantasy sports apps.
Entertainment Activity
There is no doubt that fantasy sports have become one of the major sources of entertainment. The previous year was full of uncertainties. Amidst the outbreak of pandemic followed by lockdown, people were stuck inside their home. Moreover, the norms of social distancing fueled chaos in society and the economy.
During last year, just like OOT platforms, the fantasy sports mobile apps have also seen a huge surge.
Many people have subscribed to the different fantasy sports apps and the app owners have earned great revenue during this time. Even today, the demand for such apps is increasing every day.
If you are planning to build a fantasy sports mobile app, then it is the right time to do so.
Legal and Secured
Many often get confused when it comes to differentiating between betting and fantasy sports apps. But, let us tell you that both are different from each other as fantasy sports works completely in a different way than betting and are entirely based on the skills of the users.
Legitimacy is one of the major reasons you should think about harnessing the power of fantasy sports app development.
Things To Keep In Mind While You Hire Fantasy Sports Mobile App Developers
Hiring mobile app developers is not a piece of cake. It requires in-depth market research, sheer knowledge, domain expertise, and high experience to hire a suitable mobile app development company according to the need of the project.
To help you avoid any further confusion, here we have consolidated all the tips to hire fantasy sports app developers:
Budgeting
How much does it cost to build a fantasy sports mobile app? You must have asked this question or googled it often. Planning a budget is the foremost concern which one should keep in mind before diving into the development process. Select a mobile app development company, which suits your budget well.
Check Experience
Do not let budget be the only constraints when you hire mobile app developers. Yes, budget is the main factor but that does not mean that you have to compromise with the quality of your app.
Hire an experienced team of developers who have worked on a fantasy sports app. Their experience will help you handle the project effectively, and if any issues come then they can resolve it efficiently.
Quality Matters
As stated above, budget matters but also quality. If you think you can stretch your budget a little and you can get more enhanced features, functionalities and overall quality then do go for it.
If your application is feature-rich and functionally strong, you will be able to deliver a great user experience.
An app with robust functionalities and user-friendly features has more chance of success and market growth.
Past Experience
To check the credibility of the developers or company you can check their experience and past projects. By checking their previous work, you can get an idea of the work quality and methodology.
Additionally, checking the portfolio also helps you understand their qualities like design skills, development skills, project success rate, and many other things.
To cross-check their capabilities, you can also refer to the testimonials and learn what their previous clients have to say for them.
Company or a Freelancer
You can either choose a company or you can go for freelancer, it depends on you and the requirements of your project. In the case of a small project, you can hire a freelance fantasy sports developer.
However, if you have a whole new project which needs to start from scratch then we suggest you hire a fantasy sports mobile app development company like FEXLE.
Seamless Communication
A good fantasy sports app development company will never let you bother with anything. Still, it is advisable to communicate with a team of developers and project managers frequently. In this way, you will stay up to date with what is going on with your project.
Always keep in touch with developers or the concerned person and get regular updates on your project.
Conclusion
We hope that by now this post has cleared all your confusion and you can take a wise decision. The world of the fantasy sports industry is booming and it is the right time to hire a mobile app development company to leverage the industry and earn huge revenue in the long run.
The season of IPL 2021 is approaching and we hope you are ready to grab the opportunity to be a successful player.
