Fans don’t miss out on a single chance to indulge themselves in their favorite sports. Especially when it comes to playing fantasy sports, fans couldn’t resist participating in this amazing virtual game. And why not? Fantasy sports comes with an innovative and interesting gameplay idea that takes sports fans’ experience to the next level. It allows users to play virtual games by creating their own team with real players. Due to this exciting gameplay and perks, fantasy sports platforms are gaining immense traction.
Dream11 is the leading player in this market that is not only influencing the players, but also entrepreneurs. More and more entrepreneurs and businesses are inclined to develop fantasy sports apps like Dream11. If you have been planning to do the same, your decision is worthwhile. However, before investing in such a big project, you must have an in-depth understanding of the market scope, development process, cost, and other crucial aspects. We have created a detailed guide that covers all the crucial aspects essential for developing a successful fantasy sports app like Dream 11.
Fantasy Sports Market Stats and Facts
Let us first present some mind-blowing statistics about the fantasy sports market that will inspire you further.
- There are around 80 million fantasy sports players across the world and the number is increasing swiftly at a rate of 30-50% every year.
- The Fantasy Sports market in North America alone is expected to grow at a CAGR of 10.7% during the forecast period 2021 to 2026.
- The worldwide fantasy sports market is expected to reach USD 33199.64 million by 2025.
- There are around 59.3 million fantasy sports app users in Canada and the USA.
- In 2019, the fantasy sports market in the US reached 8.48 billion dollars.
- Dream 11 is India’s one of the largest fantasy sports platforms, having over 110 active users.
The above statistics clearly articulate exponential growth and immense scope in the fantasy sports industry.
Why should you Develop a Fantasy Sports App Like Dream11?
Besides a good revenue opportunity, there are many more reasons to invest in fantasy sports app development. One of the biggest reasons is the huge audience base. Fantasy sports have an ever-growing fan base, which means your app won’t struggle to acquire users. Moreover, you can include multiple sports in the app that can help you attract users with diverse interests and needs. Fantasy sports apps like Dream11 provides you with an excellent user retention rate, as about 74% of players play fantasy sports games regularly and stay on the same app for a longer period.
The fantasy sports market still has room for improvement, which means you can come up with a more powerful app with advanced features that can fulfill users’ expectations to the best.
Must-have Features for a Fantasy Cricket App Like Dream11
Features play a significant role in the success of your fantasy sports app. Ensure to include all the features, including basic and advanced, in your fantasy sports app that can offer an enhanced gaming experience to the users. The more exciting features your app has, the better it can engage users. Here is a list of some essential features you need to consider:
Ensure that your app has a simple and quick registration and login process. Users should be able to log in hassle-free and kick-start the game quickly.
Integrate an advanced and attractive dashboard into the app that provides important insights for users, such as winnings, transaction history, referrals, bonuses, and more.
Live Game Updates
Enable users on your app to check the live match score and highlight game analysis. This can be achieved by integrating a live match API.
Users on your fantasy app must be able to select players as per their preference and decide the appropriate betting strategy.
Help players stay well-informed about upcoming matches by integrating a calendar feature. Users should also be able to schedule matches.
Multiple Payment Gateways
Your fantasy sports app must have various payment gateways so that users can make payments seamlessly with their preferred mode. This is essential for avoiding user abandonment.
For higher user engagement, consider adding the below additional features into your fantasy sports application.
- Push Notifications
- Social Media Sharing
- Multi-platform Compatibility
- Refer and Earn Program
- Achievement Badges
- Live Chat
- Cryptocurrency Payment
- Real-time Analytics
- Loyalty Program
- CRM Integration
- Live Streaming
Technology-stack for Fantasy Cricket App Development
Apart from features, you must also focus on choosing the right technology stack for creating a robust fantasy sports app like Dream11. The technology stack may vary according to your platform choice. Here is a list of popular technologies used for fantasy sports apps like Dream11.
- Android: Java, ROR, Kotlin, Node JS, Laravel.
- iOS: Swift, Laravel, Node JS, fabric IOS, ROR.
- Database: MongoDB, MySQL, Redis.
- Cloud: MS Azure, AWS.
- Payment Gateways: Braintree, PayPal, Stripe, Mangopay.
- Push Notifications: MAP, Twilio, Amazon SNS.
- Analytics: Spark, Google Analytics, Gleam IO.
- Other Stacks: Xcode, Sketch, GeoFence, ZOHO, Stripe, and SASS.
Cost to Build a Fantasy Sports App Like Dream11
The cost for developing a fantasy sports app like Dream11 depends on several factors, such as below:
- App Development Platform (iOS, Android, Cross-platform, or Hybrid)
- The complexity of the App
- Number of Features
- Third-party APIs
- UI/UX Design
- Location of the Developers
- Hours Required
Your choice and requirements related to all the above factors will vary the overall development cost to a great extent. Therefore, it might be difficult to mention the cost figure. However, the cost estimation for developing a fantasy sports app for both iOS and Android with advanced features will be between $19000 to $24000. For a single platform app, you may need to spend between $5,000 to $10,000.
Choosing the Right Fantasy Sports App Development Company
The success of your fantasy sports app development will somewhere also depend on the choice of an app development company or development partner. Make sure you select the most reliable company that can help you build an innovative and highly engaging fantasy sports app that can outperform the competition. While searching for a fantasy sports app development company, you must pay attention to all the crucial aspects, such as:
- Technology Expertise
- Project Timeline
- Support and Maintenance Policy
- In-house Team
How Betfoc can be Helpful in Your Fantasy Sports App Project?
At Betfoc, we are renowned for providing industry-leading fantasy sports app development solutions that lead clients towards success. Our vast industry experience and talented team enable us to develop and deliver top-notch fantasy sports apps like Dream11. We will assist you in creating a high-quality fantasy sports app that will gain you a massive user base. Our experts will provide you with end-to-end solutions for transforming your fantasy sports app idea into reality.