Reasons to Invest in Fantasy Sports App Development In 2022

 


As per research the market size of the fantasy sports industry will rise to $48.6 billion in 2027. Day by day the Fantasy Sports industry is increasing and becoming a market of millions with a huge user base. Many big and small businesses are showing interest in either building their independent fantasy sports app or investing hugely in the established fantasy platforms.The growth and success of the industry are at their peak and it's the right time to invest in it and build a business of billions. 

Wondering what are the all possibilities and benefits of the Fantasy sports industry? Check out the further write-up and also learn what stats say about its growth and success. 


Fantasy Sports Industry Stats 

  • On the Fantasy Sports app, there are over 81% male and 19% female players

  • Almost 85% of users in India prefer to play fantasy sports on the mobile app. 

  • Almost 7% of Indian users play Fantasy Sports on their desktop. 

  • 47% of fantasy users earn more than $75,000

  • The age of 50% of Fantasy users is between 18 to 34 years

  • By the year 2025, the fantasy sports market size will be worth $29870 million. 


Reasons to invest in the Fantasy Sports industry

  1. Less Competition 

As the industry is growing gradually with time, there is less competition in the market. Moreover, many Fantasy App Developers like RG Infotech have pre-built Fantasy Sports solutions to kickstart your business. There is a high scope of growth and success due to low competition.

People are still not aware of the fantasy sports industry and with the craze for sports; the industry is also growing. Some people are still in confusion between online betting and fantasy sports, which is stopping them from investing in Fantasy Sports platforms. Now, along with watching sports; fans are showing interest in also trying their hand at the game. 


  1. Increase in Demand

What will you do if the demand for any particular product is increasing? You will increase the supply or start producing that product. As the fantasy sports industry has brought the transformation of viewing and playing sports, the demand for fantasy sports platforms has been noticed. Now, sports fans look for multiple opportunities to showcase their talent and make money out of it. 

Also, as now every citizen owns a smartphone, the accessibility to fantasy sports platforms has increased. Availability of the internet and smartphones increasing the user base of Fantasy operating platforms which is directly affecting the demand for new Fantasy platforms. 

  1. Experience 

Fantasy Sports is nothing less than playing sports on the field, also one of the reasons to start investing in the industry. The success of any product or service directly depends on the user experience. With the increase in technology and tools, now Fantasy App Developers like RG Infotech are preparing personalized pre-build fantasy sports solutions which are giving an equal feel to the users, like playing on the field. 

  1. Entertainment Source 

Since the introduction of Fantasy Sports in India, it has grown immensely and people’s perspectives have also changed over time. With the increasing technology and availability of advanced tools; the perception of seeking Fantasy Sports has changed and gone deeper. To increase user engagement, now fantasy sports platforms are doing multiple activities like hosting loyalty programs, badges, achievements, conducting multiple contests, and providing the exclusive sports playing experience. The real feel of playing sports drives more attention. Along with bringing their favorite sports, fans have started creating teams and enjoying their winning. 

  1. Legal and Secure

As now Fantasy Sports has become legal in most countries, one can easily start with the Fantasy Sports platform. People were used to being afraid of investing in the Fantasy Sports platform as it was considered illegal and had no government rules and guidelines to host it. But over time the Fantasy Sports industry has proved everyone wrong and now, it has become the sport of skills. 

Now, in India, almost every state has formed its own set of rules for the Fantasy Sports Platform. Now, there is no risk of operating a Fantasy Sports platform as it is legal and secure. Moreover, users can also reach out to the legal communities if they find anything wrong on the Fantasy platforms. 


Conclusion

If you ask me then this is the most prominent time to invest in the Fantasy Sports industry and start your own Fantasy Sports platform. The industry is growing exponentially and has a bright future all over the world. Now, the time has changed; people have started considering online gaming or sports as their career. Many big and small companies are taking a step forward and making smart decisions by investing in fantasy sports platforms. All you need to hire professional Fantasy App developers; and let them do their best to build the best application for you. 

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