Ved Raj
Ved Raj is a technical expert, passionate writer, and a seasoned IT professional who has worked for 16+ years with ValueCoders - Indian IT Outsourcing Company.
If you are a sports fan, you would definitely hear of the elegance and fun of fantasy sports platforms. Fantasy sports apps...
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If you are a sports fan, you would definitely hear of the elegance and fun of fantasy sports platforms. Fantasy sports apps like Dream 11, Bet 356, Net Bet, and many are the center of attraction among sports and gaming enthusiasts.
Fantasy sports are a new wave of gaming that is attracting millions of users and sports enthusiasts. And! Why not, fantasy sports are an amazing gaming application that keeps gaming enthusiasts hooked for hours.
Believe me, if you are a fledgling entrepreneur or thinking about developing an app to earn huge revenue, creating a fantasy sports app can turn out the best decision.
Thus, in this article, we would take an in-depth glance at fantasy sports culture and app development like Dream 11. So, stay hooked with me till the end of this article.
In the last five years, the digit of fantasy app users has doubled. Moreover, new fantasy sports apps have also opened up a new industry for investors and entrepreneurs. As a top software outsourcing company, we are receiving great demand for fantasy app development and numerous question regarding their development cost.
Following are some statistics that would also help you understand how fantasy sports apps are creating a frenzy.
In short, fantasy sports app has become a trend among sports lovers. Why are these applications popular? Why are people growing more inclined to these applications?
Well! There are several reasons people are getting attracted to fantasy sports apps. Let's learn why these apps are creating a frenzy.
If you want to create a fantasy sports app to leverage the opportunity, you must pick up mobile app development services to kick-start your project.
These all are the major reasons for the popularity of fantasy sports app. I am sure you would also be eager to invest in such an application that can attract millions of users and can bring in huge revenue.
But! The question is how to create a fantasy sports app like Dream 11.
Don't ponder much!
I will explain everything.
But! Before knowing that, you must know how many types of fantasy sport you can create in 2021.
Popular fantasy sports apps are Dream 11, DraftKings, Daily Draft, Fanduel, Yahoo Daily, StarsDraft, and more.
Every business owner expects to generate great revenue through the business while investing in any new idea. You, too, would want to know how you can generate revenue through fantasy sports apps.
So let's take a glance at the revenue generation model of fantasy sports app before you hire developers to begin your project.
There are different types of revenue models you can follow while developing your fantasy sports app. Moreover, it is very critical to decide on your revenue model prior to creating your application.
The commission fee is the most common revenue model in fantasy sports app where the app charges some money on each league or game the user plays. Actually, the fantasy app only rewards 80% of the total league to the winner and secures 20% of the collect reward as the commission fee. Dream 11 is based on this mechanism.
The subscription fee is a new model of revenue generation in fantasy sports where a user can subscribe to monthly or yearly premium services. In this model, the app has fewer commission charges on leagues. However, this model is not very popular but turns out successful for some platforms like HalaPlay.
Fantasy sports have millions of users. Thus, these platforms have a good opportunity for a business to promote their brand or product, especially if their product is related to sports. Some of the applications are using this revenue generation model, but needless to say that this revenue model has great opportunities.
These are the major model of revenue generation models that you can follow for your mobile and web app development for fantasy sports. Once you have picked on the revenue model, it is time to decide on features that your fantasy cricket app, like Dream 11 should have. Following are some features that you would need to infuse in your fantasy sports app.
Now you can show up match categories: upcoming matches, Live matches, Results.
In contrast, match listing can also include Tournament Name, Team 1, Team 2 & Match Timing. Once the person has selected the desired match, he/she will redirect to the contest screen.
Apart from these, you can also have other features like Live Match Score, Push Notification, Real-Time Analytics, GPS Location Tracking, and more. Moreover, having an admin panel is essential to manage the app perfectly from scratch.
Once the features are decided, you must be wondering about the cost of fantasy sports app development. Well! It is arduous to tell the exact cost of development as various factors affect the development cost.
The cost of development is affected by the following aspects :
The biggest triggering factor is the hourly price of developers; while you can hire Indian developers at the rate of $25-$100/ hour, American developers ask for $100-$200/hour. And! This counts for a great difference in application development. Moreover, hours of development also affect the cost, including the complexity of features.
Creating a fantasy sports app like Dream 11 is a strenuous task for both developer and business owner, as you require to think over various features & app user experience. This app can't be prepared overnight; it requires continuous efforts and time.
You would require to rework again and again to cater a one-of-kind application to your target audience. Thus, you need to partner with a deft software outsourcing company with hands-on experience in fantasy sports app development like Dream 11. An expert & skilled team can craft a splendid app experience for your target users.
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Need of the hour!! Thanks for sharing detailed insights.