With a massive chunk of more than 2.5 billion fans spread across 180 countries, cricket has become undoubtedly the second most favorite game on earth after football. Factors like billions of fans, entry of corporates and various other associations, big names, and big brands have made cricket a massive business extension. Especially in India and other subcontinent regions, cricket is not only a game but a second religion. The craziness and madness are seen for the sport all around the world, including countries like Australia, India, Canada, South Africa, New Zealand, and India, and other sub-continent nations.
The year 2020-2021 offers a massive opportunity for dream sports business ventures. Also, before the world cup 2022-2023, companies are looking forward to jumping into the digital business, and that’s the reason new corporates are entering into fantasy sports app development, seeing the massive success of the Dream11 application.
Considering all the cricketing events like IPL, companies have understood the importance and opportunity to invest in Fantasy Cricket App like Dream 11. The driving force behind these applications is the fact that each user is not only a fan but also a specialist. Hence, there can be no better platform like a fantasy app where he can display his cricket expertise.
Fantasy sports is a game played on an online platform where the participants or players create their own virtual teams with the use of real players from various teams scheduled to play a match or a league. Losing or winning depends upon the real performance of players in their created fantasy team. One of the great and successful examples of a fantasy sports app is Fantasy Cricket App Dream 11. You must check the guide on how to design and develop fantasy sports app like dream 11.
Fantasy sports app is not similar to regular betting, in fact, it is just the opposite. The following image will help you understand how it differs from the regular form of betting:
Covid-19 pandemic has shaken the entire industrial sector. Most of the sectors are highly impacted due to the pandemic and suffered huge losses. Although, there is good news for the online business as most of the online companies have turned out to be profitable. Especially such apps like fantasy sports app where people can play along while sitting at home and they are getting opportunities to earn at the same time. This means entertainment with money.
Therefore, on one side, there is misery for some sectors, while on the other side, there are benefits and growth opportunities for some sectors, especially the digital or the online business.
Here are some statistics showing the huge craze among people for Fantasy Sports App:
Seeing all the above statistics, you can rest assured that the future of such fantasy sports apps is promising, and that’s why it is becoming an eye-candy for most of the corporates nowadays.
The access to the internet and mobile phones have completely transformed the online business, including the emergence in demand of Fantasy Sports Applications.
As per the reports, the revenue of the global market is anticipated to be reaching a mark of $2174 million by the end of the year 2023 by its growth at a CAGR of 18.61% during the period of forecast. When the internet is so affordable, and the availability of smartphones is so easy, there are too high chances that fantasy sports are going to be the next big thing. Hence, sports gaming will encourage gamers to get engaged in fantasy sports like fantasy cricket, fantasy football, fantasy baseball, fantasy basketball, etc.
From a hobby to a billion-dollar industry, fantasy sport has completely changed the game altogether. There are millions of players around the world. When we talk number, there are more than 59.3 million users alone in the USA and Canada, and the number is going to reach 100 million by the end of the year 2023.
We have to take a step back to understand the reason for the emergence of the Fantasy Sports League. It was back in the year 1952 in the USA when the concept of Fantasy Sports first came into the picture, and it was the first baby step of its emergence. Since then, it has grown and expanded tremendously, with more than 200 operators along with more than 59.3 million users in the USA and Canada. In the USA alone, the number of users is around 21%, and that counts to more than 12 million users. In fact, in the USA, around 65% of sports fans are playing fantasy sports.
In India, the concept of Fantasy Sports is here to stay and will only grow big in the upcoming future. The sports and gaming industry can undoubtedly break all the previous records when it comes to engaging sports fans and analyzing their knowledge and skills in terms of the sport. In fact, the future could be where all the sports leagues played in India offer their own fantasy league to the sports enthusiasts. Say, for example, you must have already heard about the IPL – Indian Premier League and ISL – India Super League running their own fantasy league in the country. Have a look at how to hire fantasy sports app developers.
There is a chain of significant cricketing events lined up in the upcoming months and years, especially the World Cup 2023, which is the biggest motivational factor and which in turn will lead to huge downloads and in-application purchases worldwide.
Yes, the event for which the whole world awaits is going to happen in the year 2022-2023. We are very excited about it, and so is the business community as it brings along enormous opportunities for sports enthusiasts.
The cricket world cup, which is also known as ICC Men’s Cricket World Cup, is the international championship of One Day International (ODI) cricket. The governing body which organizes this event is the International Cricket Council (ICC). The event is organized every four years, and there are preliminary qualification rounds initially and then the finals tournament. The tournament has a massive global viewership and is considered as one of the most viewed sporting event organized by the International Cricket Council, ICC.
The corporates are all set to capitalize on this cake, and for that, they are investing resources in Fantasy Sports App. The best example is Dream 11, which turned out to be a huge success and has opened up new horizons not only for the corporates but also for the sports enthusiasts and gamers. You too can be the next big thing in this category by launching your own fantasy app and make millions of dollars.
Indian Premier League by BCCI is the most seen T20 Cricket League on this planet. It is not only the greatest cricket competition but also the greatest associations in the world of sports. As per the annual brand valuation report by Duff and Phelps, IPL has seen a stupendous hike in the general valuation from 6.3 billion in 2018 to 6.8 billion in 2019. Mumbai Indians being the winners of four seasons, saw an expansion of 8.5 percent and making it to Rs 809 crores in valuation. This has made it the most esteemed group.
The last season of IPL witnessed a viewership of over 1.4 billion with an impressive 15% development from its last release. The current season broke all the records and was a big hit too with sponsors like Unacademy and Cred; the franchise got insane success and is expecting to witness the same in the upcoming future.
In the next upcoming year, 2021, there will be ICC Men’s T20 World Cup in the months of October and November. Hence, cricket enthusiasts are hungry for cricket. The tournament was to be held in Australia this year, but it got scheduled due to the pandemic Covid-19, and now it is going to be held in the next year.
The previous T20 league witnessed an in-home TV viewership in India at 730 million, which stood at a total expansion of 114% over the past release. Next year is going to be a boom as far as the number of downloads of the cricketing apps is concerned. Therefore, next year’s T20 World Cup is one of the biggest opportunities for business visionaries to create fantasy sports applications and capitalize on the market.
A similar T20 Tournament, which is organized in Australia every year, is all set to start in the middle of December-February 2021. The supporters of this league will enjoy this season thoroughly, with 59 matches to be played in this season.
BBL has a reach of over ten nations, and it has increased its reach to a great extent as far as TV broadcasting is concerned. This is one of the biggest catalysts to produce such fantasy sports applications and play virtually.
The 2020 Caribbean Premier League is the 8th season of the Caribbean Premier League, which is played in the West Indies. However, due to the Covid-19 pandemic, a request was sent in which it was mentioned to reschedule the entire event in Trinidad. Before that, as per the schedule, the matches were scheduled in six nations, namely, Trinidad and Tobago, Jamaica, Saint Kitts and Nevis, Saint Lucia, and Guyana.
As per the schedule, the competition began on 18th August and ended around 10th September 2020. On 10 July 2020, the local government authorities permitted to play the match under strict regulations under which there was no permission for the general public to come and witness the match. 27th July 2020 was the date when the full-time table for the competition was affirmed. As per an official statement on 6th August 2020, the authorities expressed that all players, authorities, and overseers engaged with the league had tested positive within a 14 days quarantine period.
In the year 2020-2021, it is going to be the 29th edition of the Barclays Premier League, which is one of the top English professional leagues for affiliation football clubs since its inception in the year 1992. Winners of the nineteenth session, Liverpool are the defending champions. The season was planned much earlier, but then it got postponed due to the Covid-19 pandemic.
The rescheduling was done due to the poor start of the association along with the installation blockage, and as a result, the winter break was scrapped. Lastly, due to the corona pandemic, there will be no participation of the audience in the stadiums as a measure of precaution.
There are multiple reasons why this is a great time to invest in Fantasy Sports Segment. But here we are mentioning the top four reasons why you must consider this area:
As discussed earlier, the idea of fantasy sports is entirely new in the Asian market, mostly Indian and subcontinent regions. This industry is capitalized till now by majorly two organizations. If you are planning to invest in this domain, then there are high chances that you are going to face the minimum rivalry in this sector this year. Further, it will create opportunities to cater to more clients and create a strong presence of your brand in the market.
Fantasy sports is now a legitimate entity in India and in many other countries like Australia, the USA, and Canada, etc. As far as the Indian judiciary is concerned, The Supreme Court of India has given a verdict related to the concept of fantasy sports app in which the court stated that this is completely legal as this cannot be considered as betting but a round of aptitude. So, now you can see that it is not difficult at all for you to start your own dream stage.
Also Read: How Much Should Mobile App Game Development Cost in 2020?
The clients get a real-time experience through these Fantasy Sports Stages. Due to the accessibility of cell phones, there are more amount of requests related to this. As per the industry experts, India is a great destination and considered the most promising state after the United States. From the year 2016 to 2019, the client base has expanded from 2 million to 9 million. The administrative department has immensely evolved in this sector. With just ten administrators in 2019, there are 140 administrators in the year 2019. The following information is enough to prove the rising interest in the Indian market concerning the fantasy game business.
The pillars of the fantasy platform are client commitment and game understanding. It works just like eye-candy for potential clients. Therefore, the game classes are considered as one of the main driving forces to expand and diversify. If you plan to invest in these fantasy platforms, you can have the opportunity to formulate leading organizations. This will not only help you in maximizing your brand value but also assist you in getting a big client base.
In the end, let us conclude by saying that the craze for sports is very well-known globally. Though the tournaments are organized behind the doors, people still have got the access to enjoy something, and on top of that, if you blend a mix of fantasy sports in the recipe, then there can be nothing better than that. Hence, if you want to build a fantasy sports app, then you can contact us and kick-start your dream fantasy sports app journey with us.
To develop a fantasy sports app like Dream11 for ICC Cricket World Cup would cost around $15,000 to $30,000 for a single iOS or Android platform with basic functionalities. If you are planning to create a fantasy cricket app loaded with advanced functionalities and features, and compatible with multiple platforms, it may cost you around $50,000 or more.
Here are 5 tips to help you make money from fantasy cricket app:
Fantasy Cricket comes under the ambit of Fantasy Sports genre. The game is online where a virtual team of real cricket players is formulated and points are scored depending upon the performance of those players like how they perform in real-life matches.
To play fantasy cricket on apps like Dream11 and win cash daily, you need to do the following steps:
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