Fantasy sports have gained a lot of traction in the past couple of years. The popularity of apps like Dream11, MPL, FanDuel, etc. has skyrocketed. Many top fantasy sports companies are now billion-dollar companies. Fantasy sports gained massive popularity during the pandemic when people needed a distraction from their monotonous routines. Currently, India is one of the largest Fantasy Sports markets in the world with over 13 million active users in the country.
The widespread popularity of Fantasy Sports piqued investors’ interest, opening new opportunities for various fantasy app development companies in India. While the laws governing fantasy sports in India are quite strict, the platform still managed to gain massive popularity among the audience. Fantasy sports allowed users to step into the manager’s shoes and operate a virtual sports team.
Are you interested in building your own Fantasy Sports application? You will need to employ a Fantasy sports app development company to help you create a reliable and feature-packed platform. However, there are a plethora of development companies which makes it hard to pick the one most suitable for you. Fret not, in this blog we have listed the best fantasy sports app development companies in India. But before that, let’s learn more about the Fantasy Sports market.
What are Fantasy Sports?
Fantasy sports are online games where the user acts as a manager of a virtual sports team. The user has to draft a team of players consisting of real players who are actually playing in a real match. The performance of the athletes in a real sports match determines the performance of your team.
There are many users with their own teams who participate in the fantasy league. The user with the most points wins the league and takes the winnings. The user can cash in their rewards via the multiple payment methods available in a Fantasy sports application. Since these applications use monetary transactions, the users can play for real money on a fantasy sports platform.
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Types of Fantasy Sports
There are various types of Fantasy Sports leagues available on the platform. All the major sports and leagues are added to the application so the users can choose the league or match most suitable for them. Here are the various types of Fantasy Sports available-
- Fantasy Cricket
- Fantasy Hockey
- Fantasy Football
- Fantasy Baseball
- Fantasy Basketball
- Fantasy Rugby
Fantasy Sports Market Overview
With the help of increased smartphone penetration and widespread internet connectivity all across the nation, the Fantasy Sports market is constantly expanding.
- According to BusinessWire, the global Fantasy Sports market is expected to be valued at $20 billion by the end of 2022. It is expected to grow at a CAGR of 11.4% during the forecast period(2022-2027) and is projected to be valued at $34.6 billion by the year 2027.
- Cricket was the most popular Fantasy Sport in India generating over 85% of the total market revenue. Hockey and football followed behind with a market share of 6.3% and 6.7% respectively.
- Cricket had the highest share of registered users measuring over 77%. Football was second with over 48% while other sports like kabaddi and basketball amounted to less than 10%.
- In 2021, there were approximately 130 million registered Fantasy Sports users. Experts suggest that keeping the growth of fantasy platforms in mind this figure could reach 160 million by the end of 2022.
Undoubtedly, Fantasy Sports is a very profitable and lucrative industry. The sector is constantly expanding and is soon going to be one of the most profitable industries in the online gaming sector.
Top Fantasy Sports App Development Companies
Want to invest in this flourishing industry by creating your own Fantasy platform? These are the top Fantasy Sports app development companies that can help you create a reliable and secure Fantasy platform.
It is a renowned fantasy sports app development company specializing in Fantasy Sports and Casino Development solutions. BR Softech strives to deliver high-performing products with a quick turnaround time. The developers have in-depth knowledge of emerging technologies like AR/VR, AI, and Metaverse and incorporate these technologies into the Fantasy Sports platform for an immersive and engaging gaming experience. If you want to create a feature-rich, high-performing fantasy platform fueled by advanced technologies, BR Softech is the optimal choice for you.
Mobiweb Technologies USA
Mobiweb Technologies is a software development company that excels in providing customized, white-label, and turnkey fantasy sports app development solutions. They have a capable team of developers specializing in Fantasy sports, iGaming, sports betting, and other emerging domains. Mobiweb Technologies are committed to quality and developing an industry-specific application that provides a high return on investment.
Let’s Nurture is a global leader in providing fantasy sports website development solutions across the globe. They also specialize in blockchain app development and developing fantasy sports platform with crypto support. The company has a global presence with development centres all around the world like Canada, Brazil, Latin America, and India. Let’s Nurture also provides consultation services to manage various aspects of the client’s requirements. If you want a reliable Fantasy platform with crypto support, Let’s Nurture is your best bet.
Vinfotech is a big name in the Fantasy sports app development industry. They create innovative fantasy platforms with the help of their award-winning software called vFantasy. The company has a massive pool of clients with some industry leaders like MPL and 1xBet. Having worked with billion-dollar firms like MPL, the company is proficient in developing reliable and quality fantasy applications that can handle more than 10k+ concurrent users. If you want an innovative Fantasy platform, look no further than Vinfotech.
Octa IT Solutions
It is an ISO 9001:2015 Certified company. Octa IT Solutions is a leading IT consultation and app development company with a global presence in countries like the United Kingdom, the USA, Singapore, and India. Having worked with renowned clients like BMW, IBM, and Vodafone, the company excels in providing interactive fantasy sports app development. They cater to a wide range of industries like sports, healthcare, real estate, education, etc. by providing cutting-edge Android and iOS app development.
Codiant is a renowned technology service provider specializing in Fantasy sports website development. The IT company also caters to a wide range of industries including Healthcare, E-commerce, sports, Real-estate, etc. It is an ISO 9001:2015 certified company headquartered in the United States. The company has a presence in countries like the United Kingdom, Australia, and India. Codiant also focuses on emerging technologies like IoT, AR/VR, and AI. If you want to develop a futuristic fantasy platform incorporated with the latest technologies, go for Codiant.
Sciflare is one of the Top fantasy sports app development companies in India. The app development company caters to startups and enterprise-level companies. The company boasts of providing one of the best user experiences in its applications. If you are looking for an attractive and easy-to-use interface in your fantasy platform, Sciflare Technologies is the best choice.
If you are looking to develop a fantasy sports platform, your best bet is to employ a fantasy sports app development company. There are various sports available on a fantasy application or you can create a dedicated application like a fantasy cricket application. There are certain factors that you should look for when hiring a fantasy app development company like portfolio, experience, user reviews, etc. The above-listed companies are some of the industry leaders and are proficient in developing fantasy applications. Develop your own Fantasy application now and enjoy hefty profits.
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Frequently Asked Questions(FAQs)
The fantasy sports app development cost depends on various factors. On average, the cost to develop a fantasy sports app ranges from $20,000-$40,000. However, if you want a platform with advanced features, the cost can go up to $80,000.
Yes, we provide customized fantasy sports development that is tailored according to the client’s requirements.
There are various factors that you should look out for when choosing a fantasy app development company. Take note of factors like the portfolio of the company, experience of the developers, client testimonials of the company, cost of the project, etc.
BR Softech Pvt. Ltd. excels in providing cost-effective IT Solutions. Established in August 2012 with over 10+ years of rich experience. An Apex rated IT serving company around the world. Our team of innovative and creative designers deals in web designing, and mobile game/software development intending to deliver outstanding digital outcomes.