Football, also called soccer, is clearly the most popular sports in the world. It has a huge fan base in almost every country. People love playing and watching soccer and are very enthusiastic about it. Famous soccer players like Messi and Ronaldo are worshipped in many countries. That’s the kind of craze this sport has among people.
While the football craze is constant all the time, but it becomes all the more during big matches and world cups. The football has more than 3.5 billion fans globally, which is really a very big number. The massive popularity of football has also driven the interests of businesses as they see it as an opportunity.
Therefore, we have seen a rise in investment in fantasy soccer app development around the globe. There are several successful fantasy apps that make millions every month in profit. The craze of people for football brings them to predict the performance of their favourite players and teams and make money out of it. So, along with enjoying the sport on television, mobile, or stadium, they also can increase their bank balance with football.
A fantasy soccer app is a platform for users to participate in online contests that are hosted for a football match. Users can take part in the match of their choice, create a team of their own by choosing 11 players from both teams, and bet some amount based on the selected contest.
The players in the team are chosen who are highly likely to perform in the actual match. On the basis of the performance of players in a real match, the app gives some points specifically for each player. The users whose team in the app scores higher points earn good money. So, it is all about making the right predictions and choices.
The team in the app can be created till the time match starts. During the match, users can monitor performance and points in app, along with ups and downs in ranking. The final points are the ones shown at the end of the match.
Some fantasy soccer apps also allow users to create multiple teams and participate in different contests at a time. This can increase the chances of winning, as users can make more combinations. Hence, along with the competition among the teams actually playing the sport, there is also a competition among people watching it. People love this experience and the opportunity to earn serious money.
In 2019, the value of the fantasy football sports market was $18.6 billion. By 2027, this market is predicted to reach $48.6 billion, growing at a CAGR of 13.9% during the forecast period (2021 to 2027). Moreover, the fantasy football segment is leading the fantasy sports market and is predicted to continue its dominance over the forecast period.
BCC Research reports that there are more than 59 million users interacting with fantasy sports in the US and Canada alone. In India, this number is over 20 million already. By 2022, the number of these users around the globe will cross the 150 million mark.
Another research by Technavio shows that the fantasy sports market will witness a growth of $9.34 billion from 2020 to 2024.
These stats mean that the market is only proliferating, and this growth will undoubtedly increase over the next years.
For businesses looking to invest in fantasy soccer app development, it means that it is the right time for them to create a strategy and take a step.
The reasons for the growth of the fantasy sports market are internet penetration and growing smartphone usage. Brands are finding these apps the right way to promote themselves, which is another option to build a profitable business model.
For instance, the leading soccer fantasy app named Fantasy Premier League (FPL) makes a tremendous amount of money through sponsored ads in the app. Brands use these apps for marketing their products. They get the space for advertisement and get improved visibility and branding among the target audience.
To stay competitive in the market, onboard more users, and offer a delightful user experience, you have to integrate some great features. Having useful and unique features will also increase the time spent by users on the app, which should be one of your primary goals. Having said that, the following are the key features that your app must have if you want to create the best soccer fantasy app:
Without some lucrative and essential features at the backend, it becomes difficult for the administrators to manage everything running at the front-end. Integrate the following admin features to your fantasy soccer app:
The next question is how to monetize the fantasy football app to earn revenue and make a profit.
The major portion of the money earned from a fantasy sports app development comes from the entry-amount charged by the users to enter a contest or league. Users intend to win more money by participating with a small entry fee and making predictions.
Not all the participants win the contest. So, the app makes a considerable amount every day from the entry fee by the users. Moreover, you don’t have to pay anything from your pocket to the participants. The big amount participants win come from the sum of the amount paid by the users only. There is no additional investment here, but only profits.
The second way to monetize the fantasy soccer application and generate revenue is by showing promotion and sponsored ads to the users. This is an effective way for revenue generation in various kinds of business models.
As more users onboard your app and the user base becomes larger, many businesses will approach you to show their product and service ads to the users. In exchange, you will be paid for the impressions and clicks received on those ads. You can also approach specific businesses based on your app model.
You can get a soccer fantasy app developed easily by considering the following factors and steps:
The first thing is to find and understand your business goal behind the fantasy soccer app development. You have to be clear about your vision, mission, and objective before laying the app foundation. Along with making money, you should also consider the demand of users and fulfil their objectives.
It is essential for you to do some market research before considering fantasy soccer mobile app development. You have to understand and learn the latest trends, target audience, insights, as well as primary features to have for the audience. For instance, you should know which countries have the highest fanbase for football.
UAE, US, Argentina, France, Netherland, Germany, England, Spain, Brazil, Poland, Russia, etc. are the top countries with popularity in football. India and China are the countries where this sport is gaining high popularity over the last few years. The market research must also include doing a competitor analysis and learning the strategies of top players at the moment.
It would be great to integrate the app features mentioned above in this article. By adding appealing user features, you can attract more users to your new app easily and keep them stuck to it. The admin panel features will make things easier for your team, who manage the app from the backend. Moreover, additional features like match scorecard, push notifications, and support can make the app competitive in the market. So, finalize the features for your mobile app carefully.
Once you have finalized the features, move on to the leagues to be added to the app. These will be the leagues and contests users can participate in and make predictions. All the popular leagues must be part of the app so that you can gain, keep it trending when famous matches are ongoing.
The best soccer leagues worldwide include NHL, NBA, NFL, PGA, UEFA, Canadian Football League, FIFA World Cup, XFL, and more.
Android and iOS are the top operating systems for app availability. You have to decide whether to develop the app for Android, iOS, or both platforms. This decision will also depend on the targeted country, region, and audience. Some countries have high users of Android, while others have high iOS adoption rates. Based on this, you can finalize the OS.
Doing market research, adding main features, and integrating popular leagues is great, but if your app is not robust, it will become a challenge for you to keep users engaged and compete with other similar apps.
That is the reason you must choose the best fantasy sports app development company that has expertise in creating such apps. The right company knows exactly what approach to take for development, using top-notch technologies and codebase, and develop the best fantasy app for you. In addition, if you want to have a website as well for the same purpose, the reliable company can do the fantasy soccer website development too.
Before launching the app and starting its marketing, the app must go through a testing phase. In the testing phase, the QA teams will test your app to find and fix the potential bugs and critical flaws that remained during the development process. It is an essential step because launching the app with bugs can frustrate the users and result in poor rating and user experience.
The final question is: ‘how much does it cost to develop a fantasy soccer app?’
The total cost of fantasy soccer app development depends on a number of factors. These factors include integrated features, number of leagues added, development platforms (Android, iOS, web), technologies used, expertise and location of the app development company, app complexity, etc.
On average, the final app development cost will be somewhere between $35k to $50k.
Football is a sport that is played the most in the world. Since there are football fans globally and in a large number, considering a fantasy football app development can prove to be a profitable business model. Moreover, the market is growing rapidly. This is the right time for you to invest in such an app.
For any queries related to mobile app development, feel free to contact our experts or reach us out using the comments section below.