- Fantasy Football App Development: Market Overview Before the Big Start
- Understanding the Business Model of Fantasy Football
- Monetization Opportunity with Fantasy Mobile Application
- How Does Fantasy Football Sports Application Work?
- Why Should One Invest in Fantasy Sports Business?
- Essential Features for a Fantasy Football App
- Team structure required for a successful Fantasy Football Application Development:
- Technology stacks for a Fantasy Football Application Development:
- How much does it cost to develop a Fantasy Football Mobile App Development?
- Wrapping the Whole Story!
Fantasy sports mobile applications have brought revolutionized changes in the gaming and business industry. Other than cricket, Football is a game that holds a great fan base from all parts of the world. As per the last estimations, 4 billion die-hard fans are connected with football. People are very passionate and enthusiastic to watch and play football. Hence a fantasy football application will certainly enhance the enjoying experience for all its fans. Fantasy football app development has gained immense popularity over the years. A lot of business owners are impressed with the potential the field has to offer. Over the years the experts have experimented with various technologies and features and are now ready to bring to the table some innovative and highly engaging applications.
Moreover providing a platform where while enjoying the game they can also make some money. Businesses and entrepreneurs who have invested in fantasy football application development have certainly made a good fortune.
As per the recent statistics of the market, the fantasy football sports market will witness a 13.24% growth in revenue with the global market size estimated to reach USD 33 billion in 2025 from USD 14 billion in 2019.
Also as per the Fantasy Sports Trade Association reports in 2021, 60 plus million people were using Fantasy Sports only in Canada and the USA. Football is a world-famous sport and its popularity is now increasing day by day.
Fantasy Football App Development: Market Overview Before the Big Start
Fantasy Premier League hosted by Premier League is the world’s largest fantasy football game. Before you decide to reach out to the mobile app development team to develop fantasy football apps like NFL, ESPN has a look at the market numbers. These numbers are a clear reflection of the bright future of such applications.
As per the reports of 2021 of the Premier League season, there were 8 million active users from all parts of the globe and the number is on the increasing count. United states football league is planned to schedule on April 16, 2022; called a matter of glimpse between American fans and players.
Europe is the largest football market in the world in terms of revenue and overall competition. UEFA champions league for 2021-22, starts in February, with its 67th season on the air. The UEFA which is the main administrative body for football in Europe alone generated total revenue of over 3.86B Euros from the clubs like Champion League in the year 2020-21 season.
Five of the world’s most prestigious national soccer leagues (the “Big Five”) are located in Europe—the English Premier League, Spanish La Liga, German Bundesliga, Italian Serie A, and Ligue 1 in France. As per the Statista report 2020/21 “Big Five” football season, the total revenue for European football is estimated with market size of 6.1 billion euros.
These statistics and figures clearly state that the fantasy football market is really big and is certainly a pool of great business opportunities. Fantasy football application development needs experience and effort from the individual for well-structured work. If you are looking forward to earning profits from your new venture just look at the feature sets and come up with something innovative that would set you apart from your competition.
Understanding the Business Model of Fantasy Football
Any business is built to earn profits. Before we talk about how to make a fantasy football application, let’s have a quick look at the business model. How could you earn from starting such a business?
The application earns money by charging the users a certain amount as an entry fee when they are willing to join a contest.
- From the entire fee charged by the application, 20% is deducted as the commission and the remaining 80% gets distributed among the winners of the match.
- For example, there are a total of 50 users and the entry fee is 500. So the total fee sums up to 50*500= 25000.
- 20% of 25000, which is 5000, adds to the revenue of the application, and the rest is then given to the league winners.
Along with these, there are various other monetization schemes like advertising and sponsorships that would help you earn more and better. With a well-planned strategy and easy-to-use application, you can rest assured that your application can help you earn great profits.
Monetization Opportunity with Fantasy Mobile Application
As mentioned before fantasy sports app development has a lot of interesting solutions that make it easier for people to get involved. One can easily look for various monetization strategies when working on their fantasy football league app.
Developing applications on multiple platforms
If you are willing to cover a wide range of the market then the application should be developed for both android and iOS. The fantasy sports application available on multiple platforms gives a great user base and helps in attaining the primary objective- engaging more users and earning higher revenues.
By including third-party in-app advertisements the application owner can earn good revenue by charging a certain amount in return for a click.
The prominent practice used by various online platforms to engage users with the application is eStore integration. The users can browse the sports-related stuff. Every transaction made from the application generates a certain commission for the application owner.
Offering free leagues
To attract more users to the application free leagues are offered. Initially, the users are new to the interface and by free leagues, they get a clear understanding of the application. Hence this method helps in getting more users.
These are the highly rewarding and revenue-driving strategies that can help you survive the market easily. If fantasy football mobile app development is done the right way, you can surely get the best results in no time.
How Does Fantasy Football Sports Application Work?
One major challenge in fantasy football software development is the workflow. The application that reaches the end-user must be easy to use and fun to stay connected with. If we fail in either aspect the user would abandon the application soon. Our experts with their experience and expertise have developed a workflow process that would add to the popularity of your application in the market.
The workflow of the fantasy football sports application is as follows:
- The users initially need to complete the registration by filling out the signup form or may link their social accounts like Gmail, Facebook to complete the registration process.
- While registering to the application the user has two options either to do a fresh start or may enter a referral code-shared by friends or family members to earn some reward points.
- To start playing, a user is required to enter a league that requires entry fees for participation, and cash prizes are distributed to the winners.
- Once a user has joined a league the next step is to draft a football team. There are many ways from which a team can be drafted. Most prominently used ways are Serpentine, Auction-based, and offline drafting.
- For building a team, the user has a particular budget. Each player has a specific price tag. The user has to select the players within the specified budget only.
- Once the team is locked then no further modifications can be made.
- The user can analyze the performance of the team very easily from their dashboard.
- On the completion of the match, reward points are distributed to the players as per their performance. The user, whose team earned the highest points, wins the league.
Creating a fantasy football application may seem an easy option, but working on its feature set and the workflow needs experience and expertise. If you want any modifications to the above-discussed pattern our experts would be more than happy to integrate it.
Our team gets involved with the clients, understands their needs, and then comes up with a reliable and trustworthy response to the complete work.
Why Should One Invest in Fantasy Sports Business?
The statistics themselves explain that fantasy sports and football being loved by everyone around the globe is a great platform for business opportunists. In 2022 FIFA football world cup is also about to start, therefore this is a great time to make money. By introducing a feature-rich fantasy football sports mobile application both for Android and iOS platforms you can grab a good market share.
The fantasy sports industry contributes Rs. 3000 crores amongst players, leagues, sponsoring teams, media rights; in every single section of every sport. Hence with the commencement of the FIFA world cup estimates are there that the market may rise to expect an earning beyond a thousand million. A feature-rich application with easy to use interface and stability plays an important role in the success of the application.
Essential Features for a Fantasy Football App
When it comes to how much fantasy football costs, the features we integrate play a major role. The feature set must be developed considering the role of users and admin.
Features for users:
SignUp: The users need to complete the registration process by filling up the signup form. Also, they can link their social media accounts like Instagram, Facebook, Google to complete the registration process.
On-Boarding: Once the user completes the signup process an application guide is available with certain tooltips so that the users can understand the complete navigation of the application.
User Profile: It is the screen where the registered user can view entire details like total matches played, joined or created leagues, rewards, etc. This is a dashboard of the user.
Player Info: To make a winning team, it is really necessary to get the complete details of the players. Hence with the player information feature, the users get complete details related to the players which help them in analyzing and selecting the best.
Join Leagues: Users can join various available leagues like public leagues, private leagues, or pro leagues to participate in the ongoing competition. Also, information related to already joined leagues can be obtained from this feature.
Create leagues: Now users are more passionate about gaming and are interested in creating their leagues. Therefore by creating league features the users can create their specific leagues and can invite their friends to play with them.
Selecting Team: By this feature, the users can select their desired team which later participates in leagues.
News & Updates: To make an impressive game strategy, it is really important to be updated with all the key facts and updates related to the sport. Therefore with this feature users will be able to keep them updated with the latest football news and live updates.
Scoreboard: This feature displays the live scoreboard of an ongoing match or league.
Team Management: Once the selection of the players is done, the user gets a chance to make any modifications if required. With this feature before the match starts users can make any required changes to satisfy their gaming strategy.
Reward Points: Users earn some reward points if their team player scores in a real football match. This feature enables the users to make any in-app purchase and also makes the application more engaging and exciting.
e-Wallet Integration: By integrating e-wallets apps like PayTM, Amazon Pay, Payzip, etc. the users can transfer their earned cash prizes directly to their bank accounts. This feature enables the funds to transfer more conveniently and fast.
Push Notifications: This is the most important feature which helps keep all the users of the application informed or updated. Information related to the league activities, news, and updates related to the upcoming leagues is available which helps the users inform their gaming strategies.
These are the few features that the ESPN fantasy football app offers to its users. Along with these if you want us to integrate anything specific to your application do let us know.
Features for Admin:
Role-based dashboards: By this feature, the real-time statistics of various users of the application can be monitored. Depending on their roles, various reports and statistical charts can be derived easily which helps design helps keep business and marketing strategies.
Banking and transactions management: The admin can monitor the complete payments and banking transactions being performed on the application. Also, they can cancel and approve the transactions being made between the application and the bank.
Real-time Analytics: With the help of this feature, the admin can check and analyze the real-time activities of various users registered on the application. This helps draft marketing and business strategies.
Leagues Management: To attract users to the application, the admin can create public and private leagues. Also, the current active leagues can be monitored easily.
User Management: With this feature, the admin can control all the users being registered with the application.
Rewards Management: Records related to the points earned by the users during matches and disbursal of the winning amounts are maintained under this section.
Content Management System: This is the most important tool from which the admin can manage and control the entire application content.
The feature set discussed here is inspired by NFL fantasy football app development. We make it a point that the solution that is delivered to you is the best in the market and makes things easier for you and your customers.
Customer Relationship Management
Customer Relationship Management is a very important aspect that is responsible for the success of the application in the competitive business environment. It is the most valuable asset for businesses across various industries. Hence the integration of CRM in the application helps in generating responses for various users’ queries which makes them feel attended. Moreover, users may also share their valuable feedback on the application which further helps in enhancing the customer experience.
Fantasy Football app for Web and SmartWatch
Football is such a game that has a fan following from every age group. Hence there are people in society who are not that comfortable playing over smartphones. They prefer using a web application and some people want the application to be available over wearable devices like smartwatches. So from a business point of view, this category cannot be ignored. Hence an investor would surely like to cover every niche segment. Moreover, if the application is available on multiple platforms the users feel connected and synchronized. The dependency on particular hardware gets eliminated and the user’s experience of fantasy football sports application enhances.
Reach our wearable app development department and get an application that can easily be executed on a smartwatch. Over the years we have upscaled our skills and our experts stay updated with the latest technology & trends that are driving the market.
We follow agile development methodology and with clear and transparent team management and communication system, we make sure that you are involved with the team in each stage of development. We want to make sure that the solutions that we deliver to you are in line with your business idea and can get you the best results.
Team structure required for a successful Fantasy Football Application Development:
For developing a high-end fantasy football application a professional team is required which is capable enough of transforming the thoughts to reality grounds. Many individuals are involved in developing an application. Let’s take a look at the required team members:
- Delivery Manager.
- Project Manager.
- Android Developer.
- iOS Developer.
- Web Developer
- Back-end Developer.
- UX/UI Designers.
- Graphic Designers.
- QA Testers.
The team works in unison to make sure that the product that is delivered to you is curated to perfection and flawless. We offer future-ready solutions that can offer one to get the most out of your application and investment.
Technology stacks for a Fantasy Football Application Development:
- Sports API – Goalserve, RapidApi.com EntitySports, Sportsmonks
- Database Management – MongoDB, MySQL, PostgreSQL, Cassandra, HBase, MailChimp Integrations
- Cloud – Azure, Google Cloud, AWS, SalesForce, Cloud Foundry
- Payment Integration – Paypal, Stripe, Braintree, PayUMoney, E-Wallets, Net Banking, E-Banking
- Push Notifications – Twilio, Amazon SNS, Push.IO, Map, Urban Airship, AdPushup
- Real-Timeout Analytics – Big Data, IBM, Hadoop, Spark, Apache, Cisco, Flink
How much does it cost to develop a Fantasy Football Mobile App Development?
Fantasy Football Application has a global business model and fantasy app development cost completely depends upon certain factors like:
- The platforms on which the application is being developed. (Android, iOS, Web, Wearable Devices)
- Application complexity and features included.
- Front and back end development.
- UI/UX Development.
- Third-party API Integration.
- The number of hours invested.
- Development team size and its location.
The US/UK-based developers cost around $70-$250 per hour. Eastern Europe-based developers cost $50 to $150 per hour. Hence in comparison to these countries, developers in India provide the most reasonable rate which is $20-$70 per hour. Moreover taking an average the overall development cost of Fantasy Football Application may cost around $35,000 to $50,000. If advanced features are incorporated then the fantasy app development cost may increase.
Wrapping the Whole Story!
This is only the core of the dream sports application improvement, in the interim, more data is lying underneath the upper layer. Along these lines, on the off chance that you will begin with mobile application development, interface with our application specialists to know it all exhaustively. Our experts can help you enter the market with something that would not only help you gain a reputation but also profits.