With the huge success of fantasy sports apps like Dream11, the market space is at an opportune time for such similar apps. Fantasy sports applications allow ardent sports fans to engage in their pastime in a deeper level than ever before. Why settle for just watching a game when you can be an active participant in it? For many users, it fosters a deeper sense of involvement and belonging. For the casual fan, it is a wonderful way to learn more about the sport and the personnel surrounding it. At the very least, fantasy sports apps are a fun way for fans to experience the game with their friends. It provides a sense of fandom and community.
What Are Fantasy Sports?
But what exactly is this phenomenon? Before we get any further, let’s look at what exactly fantasy sports is. Fantasy sports is a kind of online game where participants put together fictional or simulated teams of real players from a professional sport. Such teams compete in actual games based on the statistical success of the players of those clubs. This performance is translated into points and accumulated. The fantasy team that has more of these points is deemed the winner.
This is the basic premise of fantasy sports. What started out as a novel phenomenon decades ago has grown to new heights with the advent of mobile applications. Over the past few years, these fantasy sports apps have grown to new heights previously thought unattainable.
The Numbers Behind Fantasy Sports App
According to a recent report, the fantasy sports industry will record a 13.7% CAGR in revenue over the next five years, the global market size will hit US$ 26400 million by 2024, compared to US$ 13900 million in 2019.
Evidently, this is a huge growth in every aspect. This trend is projected to only get bigger as more investment opportunities arise within the industry
Conclusion
For a budding entrepreneur looking to make a smart investment with minimal risk, fantasy sports apps provide a perfect opportunity. Apart from the investment one has to make, the resources required for such an app from an entrepreneur's end is very minimal. They can easily delegate the task to a capable fantasy sports app development company that can help build their venture from start to finish. Jump on board to this exciting phenomenon and become a part of the success story.
SOURCE URL: Fantasy Sports App Development
