Top 10 Innovative Trends and Challenges in Fantasy Sports App Development 2021

Introduction

Fantasy Sports is an ever-growing concept. In the last few years, it has gained popularity among sports lovers. The number of fantasy sports players is now 100 million, and it will increase in the forthcoming years. 

The market size of the fantasy sports platform has already gained its potential value. The software developed by development companies is now coming up with robust solutions to provide the best fantasy sports app.  

On the other hand, fantasy sports websites offer the ultimate experience and allow the user to participate in the contest, and make them win cash prizes and rewards. It also allows the user to create their team. 

Now we discuss by analyzing the popularity of fantasy sports apps, and their craze among the masses. Let us begin the blog by explaining what fantasy sports apps are! And whether it is legal or not!

Are Fantasy Sports Apps Legal?

In developed countries like the United States and India, fantasy sports are legal. In those legalist countries, they consider fantasy sports apps to be games of knowledge and skills. They don’t compare that in the case with online gambling or casino apps. The legality status of fantasy sports was not known in many other countries. 

The legality depends on the respective countries. In legal counties, there are some states which have still banned fantasy sports apps in their state. So far, the legality of fantasy sports may vary to the governments. 

As per the report, the user base of the fantasy sports website has grown at a staggering CAGR of 212%, from 2 million users in June 2016 to 90 million users in December 2019. As the demand for the app increases, the legality of fantasy games will be certain in other countries.

What is Exactly Fantasy Sports App Development?

Fantasy sports apps are online gaming apps that offer users to play many types of sports. One who participates in the match can create their team with the virtual players. According to the player’s performance in the real match, the winning or losing will be decided in the fantasy games.

Due to the advanced technologies, the Fantasy sports app development Service is in high competition among sports fans. The sports involved in the fantasy games are Cricket, Football, Basketball, Hockey, Golf, Kabadi, Baseball, Soccer, Rugby, and so on. For an entrepreneur and a start-up the best industry to gain revenue is Fantasy Sports Business. The fantasy sports industry became the billion-dollar industry in the marketplace.

Is Fantasy Sports App Development Still in demand?

Yes, sure the fantasy sports app development was still in demand. Globally, the fantasy sports app market is one of the fastest-growing sectors. As per the survey, the market of the fantasy sports industry is expected to reach 33.2 billion dollars by 2025.  In the modern-day, fantasy sports games have become quite popular among sports fantasy sports games enthusiasts across the world. Based on the report the market value of the fantasy sports industry has reached USD9.34 billion by 2020. The startups and as well as big enterprises have started to build their fantasy sports business. 

The demand increases due to the increase in the usage of mobile phones. Besides, that one can earn money by playing games. Not only the youngsters but also the aged one also started to access the online fantasy sports platform.

Many of them play these fantasy games not for earning and to gain knowledge of predicting the scores. The main reason behind the growth of fantasy sports is that it has gained the maximum reputation to the extent. Tremendously, the global market of fantasy games expects to grow at a higher rate.

Why Invest in Fantasy Sports App Development in 2021?

Now that we know that the fantasy sports industry has its demand. Let us check out the reason to invest in a fantasy sports app. 

Less Competition:

The concept of a fantasy sports app is new to businessmen. So they were not still aware of the fantasy sports business. There are only a few companies in the fantasy sports industry. Due to the less competition, one can attract customers and secure their position in the market. Once you want to create a fantasy sports platform, then it is the perfect time to start. 

Increased User Engagement

As nearly everyone has smartphones and they play games for entertainment. The fantasy sports apps also provide a real-time experience for the users. There were sufficient surveys to support the rising demand for fantasy games in the world market. Without any hassles, one can invest in fantasy apps and can become a pro in this field.

Partnership with Major Leagues

The efficient user engagement and fantastic gaming experience help the investor to attract clients. Many sports leagues are also viewing these fantasy sports platforms due to the increase in popularity. Hence, by investing in these platforms, you can boost your brand image and customer base. This becomes an opportunity to create relationships with these influential leagues. 

Huge Customer Base 

Everyone likes sports such as cricket, football, basketball and so on. Many of them prefer to watch the games and leagues. In such a case, an app that allows the users to play games and make them win cash prizes will increase the customer base. This scenario is profit for both users as well as business owners.

Therefore, if you are planning to launch your app. It must be the perfect time to invest in the Fantasy sports app. To start a fantasy sports website, one can hire the reputed Fantasy Sports App Development Company. They provide you with the best-in-class fantasy sports platform. 

Challenges of Sports Mobile Applications Development in 2021 

In every industry, there must be some challenges to face. Without the challenging tasks, one cannot be able to come up in their life. Here are the common challenges that can occur when you are getting a fantasy sports solution.

Challenge #1: Information Security

As the investor and the user, the thing that pops in their mind is all about security. There are some chances of fraud activities in the corporate environment. To rectify that, you need to do a periodic app vulnerability test. It will help you to stay away from fraudulent activities.

Challenge #2: User Interface Design

No one can be sure about the winning and losing of the business. You have to be well prepared for both good and bad experiences. Before entering into the field, you have to be pre-planned about the user interface design. Ensure that the app has a great UI that also works on a huge scale. To make the app fast and friendly, create default settings and automatic form-filling.

Challenge #3: Right Resource & Expertise

The biggest challenge is finding the right resource with experts. Due to the lack of knowledge, many apps fail in the market. The real challenges faced by the businesses are limited understanding of the basic app development lifecycle and quality assurance. Make sure that the developers are experienced and have knowledge about the latest trends and technologies.

Challenge #4: Time & Cost

The development process is time-consuming. It may even be costly if the idea was not clear. To overcome that one can use White Label Fantasy Sports Software Solutions to create their Fantasy sports business module. Because white label services provide you with ready-made solutions so that you can easily start your own fantasy sports business. 

Challenge #5: Changing Technology

Before entering into the field, one should have knowledge of technology that has to be used in software development. One has to update their platform according to the recent trends and technologies. Be prepared for future updates and have the contact of a reputed development company. 

How Does a Fantasy Sports App Make Money? 

The investor has to spend more on the process of creating, launching, and managing a fantasy sports app. In return, the fantasy sports platform provides you with a high return on investment. 

Now you may have a question, how does a daily fantasy sports app earn its revenues?

Well, there are several ways to do it. Some of them were explained below.

In-app purchases

The common way to make money using a fantasy app is an In-app purchase. Users are eager to spend money on products when it comes to your Fantasy sports app. To showcase their love towards their favorite team, sportsman, team souvenirs, leagues, and more.

Entry fee

This method is successful in making money for the hardcore fans of the game. Because they were to any extent to participate in the contest. The investor can create a weekly contest for the fans and can collect entry fees for that. This is a profitable way of monetizing your app.

Advertisement 

In this business, the convenient way of generating money is by allowing advertisement. The investor can charge different companies to advertise their product on their app. But, you can charge users to remove the advertisement. This method will boost up your revenue.

Six Most Famous Fantasy Sports App Examples:

Taking inspiration from others will help the investors to make a complete, user-oriented, and revenue-generating app for their business.

The six best-performing fantasy apps are listed below on considering the parameters like user interface, user experience, revenues, personalization, and popularity. 

1. CBS Fantasy Sports

2. ESPN Fantasy Sports

3. FanDuel

4. Yahoo Fantasy Sports

5. DraftKings

6. Dream11

Are you ready to start a Fantasy sports app like the above-listed fantasy apps? You can get the Fantasy Sports Clone Apps like Fanduel, Draftkings, and Dream11. 

Latest Fantasy Sports App Trends as one of the cornerstones of your business success

Big enterprises are not always successful, and not all budding entrepreneurs lose in their business. There must be some pitfalls to consider. To develop a flawless fantasy sports app, one has to consider two cornerstones to the success of the app development business. 

The two cornerstones for success are Time and Trend. One has to be conscious about the chances to win. Calculating the perfect timing is useful to grab the attention of potential customers.

One can become a trendsetter when one knows the latest trends. They have to offer innovative features to their users. This makes their users engaged. 

Now, we had a look at the most powerful things that can lift your business to the desired position in the market. The following trends have already started to revolutionize businesses.

Here are the Top 10 Sports App Development Trends that will rule in 2021-2022

Trend #1: Use of AR and VR

Augmented reality and virtual reality( AR and VR) help the developer to provide real-life experiences. Currently, the Usage of AR and VR is creating a buzz in the Fantasy sports app development industry. They make the users feel the real ambiance of the stadium. And they are also used for live streaming sports applications.

Trend #2: Social Media Integration

The social sharing feature helps in building the brand reputation. It also increases user engagement. They can share their experience on social media platforms such as Instagram, Facebook, and Twitter.

Trend #3: Gamification

Gamification has also included fantasy sports app development these days. It allows the developer to add exciting features to the apps. It helps to increase user engagement and hooks the users for hours.

Trend #4: Use of Artificial Intelligence

Artificial intelligence (AI) has almost been adopted in every industry, especially the sports sector. The usage of AI can provide a personalized user experience by suggesting the content that users might like. It also offers services to resolve the queries of the users with predefined answers.

Trend #5: On-Demand Apps

The evergreen classic amongst the current trends is On-demand apps. This is one of the ongoing improvement processes of every day for future trends. On-Demand apps make the software better. Therefore, On-Demand Apps are considered as a hot trend of 2021.

Trend #6: IoT (Internet of Things)

IoT is known as the next-generation device which will be a revolutionary app development trend for 2021. It delivers perfect IoT devices that can learn from your daily routine and update in the cloud. As per the report, by 2025, the global worth of IoT is projected at $6.2 trillion. 

Trend #7: Android Instant Apps

The android instant apps are designed to work in a particular way. It does not require installation. Using the links, the users can access the stripped-down version of the app. They come in a smaller size when compared to regular apps. It helps to make the page loading time speedy and reduces bounce rate.

Trend #8: BYOD

Bring your own device (BYOD) is a new trend under which companies allow their employees to use their smartphones and tablet devices for company work. It helps to save a lot in reducing the device purchase and also helps in company productivity. BYOD has both pros and cons. One has to be careful about that. It creates the biggest impact of the latest technologies on business.

Trend #9: ChatBots

Among many best enterprises and startups, chatbots are gaining a lot of popularity. It has changed the way humans interact with computers. The chatbots are programmed to communicate with the user using the textual connection. These are developed to deal with customer interactions. It saves a lot of time and resources for both the customer and the company.

Trend #10: In-App Payment Integration

The In-app payment method is to incorporate wallet functionality. It helps the users to conduct financial transactions seamlessly. Many of them will have to struggle on the final stage, which means the payment stage. The payment should be smooth, quick, safe, and secure to the customers. Hence adding mobile wallets like Zelle, Amazon Pay, Google Wallet, PayPal, Paytm, etc will provide them with secure encryption. 

All of these trends are just the foundations of a bright and greater future for the fantasy sports app development process which is beginning from 2021-22.

Technology Stacks for Building a Fantasy Sports App 

The technologies that we work on to create a trending Fantasy Sports App are listed below.

1. Mobile Technologies – Kotlin, Java, Swift, Flutter

2. Web Technologies – Laravel, Word press, Bootstrap

3. Javascript Framework – Node.js, Angular.js

4. Database – MongoDB, My SQL

5. UX/UI – Adobe Photoshop, Adobe Illustrator, Adobe After Effects, HTML5

Cost for Fantasy Sports App Development

There are several factors that the cost of fantasy sports app development depends on. The location of the development company is an important factor to consider. The cost may vary for every country as per the region, domain, geography. It is tedious to calculate the cost to develop the Fantasy Sports Software. 

1. App development platform

2. App development complex

3. Features of the app

4. Back end and front end development

5. Third-party API integration

6. UI/UX development

7. App development team size and structure

8. App development hours

All these are the factors that will make you spend money on app development. Meanwhile, you can hire a prominent Fantasy Sports app development company. They help you to create budget-friendly software.

How Fantasy Sports Tech Helps Fulfil Your Fantasy Sports Software Development

If you are looking for a robust business solution for your business, Fantasy Sports Tech is the right place! We are a reliable Fantasy Sports App Development Company in the industry. We have many years of experience in developing successful apps for startups and big enterprises. We provide foundations for our clients with increased security, high speed, and great flexibility. Our experts are aimed at working in an open-source community. Our developers work to improve the features and security of mobility solutions.

Our developers are highly specialized in the art of developing responsive and immersive fantasy sports game applications. We aimed to provide services with accountability and promise.

1.100% Transparency

2. Assured Timely Delivery