According to IndiaTech, an NPO, the gross revenue of the online fantasy sector operators stood at over INR 2400 crore for the financial year 2020, which was merely 920 crore in 2019. The increase is almost 3 times over a period of one year.
Fantasy sports giants such as Dream11 and MPL are all set to raise a huge sum of $235 million and $50 million from investors.
If we talk about the users of fantasy platforms, they grow to nine crores in 2019 from merely 20 lakhs in 2016. The number of fantasy sports users will continue to increase to 10 crores by the end of the year 2020, and revenue is expected to reach INR 2400 crore with a 160% increase by the end of the year 2020.
The potential of the fantasy domain is huge. If you are looking to hire a mobile app development company for fantasy sports app development, then this post is just for you.
Today, we will discuss the potential of fantasy platforms and the top reasons to invest in the fantasy platform in the year 2020-21.
Opportunities for Fantasy Sports Mobile Apps
As we have discussed above, the fantasy sports users are exponentially growing in the past few years along with surging revenue growth. With the fantasy sports platform, sports enthusiasts have got a place where they can build their team and play fantasy sports in 2020.
To the joy of sports lovers, the year has lots of big tournaments lined up, such as the Indian Premier League (IPL), which is followed by the ICC event of ICC Men’s t20 World Cup 2020.
So if you are planning to invest in a fantasy cricket online platform, then this is the right year for you. Having said that, let’s move ahead and understand why 2020-21 is the best year to launch a fantasy cricket mobile application.
Top Reasons to Invest in Fantasy Cricket Mobile Applications
Indian Premiere League – Listed as the most seen Cricket league, the T20 cricket league brings out the finest associations in the realm of sports. IPL takes place once a year, and the year 2020 is the 13th season. Henceforth, it would be a great idea to invest in an app like Fan Super League.
World Cup T-20 – October and November of the year 2021 will come with lots of surprises for every sports lover. It is the time when 2021 ICC Men’s T20 World Cup is planned for its seventh tournament edition. The tournament will be held in India, and 16 countries including, Australia will partake in this seventh version of the competition.
This would be the time when the entire world would be drenched in the sporty hues, and you can opt for fantasy sports app development services.
All the dream app designers and business visionaries, pull out all the stops and get ready to rank in some serious cash in a short time.
Barclays Premier League
The year 2020-21 will be the twenty-ninth edition of the Barclays Premier League. It is the top-notch English professional league for the affiliation football clubs since its inception in the year 1992.
Originally the season was planned to begin on August 8th, 2020 but due to the outbreak of Covid-19, the game got postponed until twelfth September.
All the business owners planning for building a fantasy sports app get ready to hire the best mobile app developer for your dream app.
Big Bash League
The Big Bash League is another T20 cricket alliance similar to that of IPL. It is all set to start from the middle of the December-Feb 2021. The fans of this league can expect approx 59 matches this year.
Significantly it will be the time for business owners to start thinking about fantasy cricket app development. The coming time will be perfect to earn a humongous fortune in a short span of time.
Reasons To Start Your Fantasy Platforms in 2020-21
The Sport Calendar
Keep a close eye on the sports calendar, as many prominent and international cricket events and other sports are about to start, such as IPLC, ICC World Cup, and many more. Grab this opportunity and go for fantasy sports app development to leverage the fantasy sports world excellently.
The platform for fantasy sports is quite new to the Indian market as compared to the other industry. You won’t find more competitors in the industry to be precise; there are just 2 major players who are driving the fantasy sports industry.
There are high chances of your success if you hire mobile app developers to build a fantasy sports app for you.
People across the globe have the same level of enthusiasm for their favorite sports. So, it will be quite easy for you to find and target the right set of audience.
These will be the audience who are dying to wait for their favorite sports like forever. It would be a brilliant opportunity to easily target the audience and improve downloads for your fantasy sports application.
It is Legal
After a long fight, finally, fantasy sports are now legalized in India as well. The honorable Supreme court of India has given its verdict that the idea of fantasy sports is round of aptitude and not betting.
It would be, therefore, won’t be a problem for you to start your own fantasy platform in 2020-21.
The trend of mobile app development is surging high. People are crazy about fantasy sports. The platforms have become quite fascinating among the users as they can experience utmost fun, excitement, and most importantly, they win some amount through these apps.
Seeing the trend, we can tell the fantasy sports mobile applications are gradually becoming the brand value for many sports.
Thus, it is advisable for you to grab this opportunity and go for fantasy sports app development and improve your chance to get into the partnership with some big brands.
Expanding User Engagement
The fantasy platforms have successfully made their place in sports enthusiasts. You will be surprised to know that India has become the greatest center point for fantasy sports after the United States.
According to a data survey, the users of fantasy sports have increased from 20 lakhs to 90 lakhs from the year 2016 to 2019. You can do the math to calculate the popularity. There’s a huge scope of earning great benefits to investing in a fantasy platform this time.
As we have discussed above, this is the time of the year when various premiere leagues are about to launch. Henceforth, it is time to launch fantasy sports apps.
The New Year is about to bring many big levels of tournaments and with that, the demand for such apps will also increase undoubtedly. Get ready to build your fantasy platform by hiring the best mobile app development company.
As we know the extravagant show of multiple sports leagues is about to start in few months, and thus, it is the most suitable time that you can excellently leverage the fantasy platforms by earning a high return on investment.
The fantasy sports app is the most suitable platform to get high returns with low investments. For that, you have to select a fantasy sports app development company that can build the best fantasy sports mobile app for you.
After discussing all the points above, we can say that the year 2021 will bring enormous opportunities for fantasy sports entrepreneurs. Since so many leagues are lined up in the coming months, business owners must realize the importance of the time and hire the best fantasy sports app Development Company to garner hue return on fantasy platform investment.