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Get the complete cost breakdown of building a Fantasy Sports Application here. This blog covers all the essential details like the allocation of budget at different development stages, future development trends to invest in, and the role of Maneksoft as your application development partner.
Every gaming company knows the need to create a fantasy sports app as this industry has witnessed a huge boost over recent years. Fantasy sports and apps popularity is growing rapidly. Be it hockey, cricket, or basketball, this industry has successfully captured millions of users' attention. Do you know, that in 2024, the fantasy sports market size in North America is valued at around USD 13 billion? It is also projected that the market will reach the USD 24 billion mark by the end of 2029. In another report submitted by the FSGA- Fantasy Sports & Gaming Association, more than 62.5 million users are from countries of North America like Texas, Mexico, etc. The rising demand for fantasy sports and apps has offered a lucrative business opportunity.
Understanding this industry can be challenging but you should have a thorough knowledge of fantasy gaming before launching a fantasy sports mobile app. If you are searching for authentic information on fantasy sports app development and the cost factors associated with it, then your search ends here. We have prepared a comprehensive blog to help you get the information you need.
You should learn about the real-life sports industry before delving deep into the virtual one. Different sports have leagues associated with them, whether it is football, golf, basketball, or cricket. The fantasy sports industry works the same way where users can buy players to create a team based on their performance in the real-life sports league.
Users get points in their account based on the player’s performance. All this is done through a mobile app, and these games operate on predictions. The best way to perform well in fantasy sports app games is by critically following the real-life game to make better decisions in the app.
Apart from the several sports that we see in the real world, fantasy sports apps can be of distinct types. As a business owner, you should decide which of the various app categories perfectly suits your revenue model.
Fantasy sports app development is on the rise because of heavy demand. The market is blooming, and you should find suitable features so your app performs well against the competitors. Below is a list of the widely used and most unique features you can add to your application.
Many factors can greatly influence the fantasy app development costs. A simple app development cost can range from USD 30,000 to USD 60,000, for a complex app. Creating a hybrid app can cost around USD 90,000 to USD 600,000, considering factors like app security UI/UX design, maintenance, functionalities, etc. A professional mobile app development company in Texas may charge you around USD 200,000+.
The first impression matters the most and the same goes for the fantasy sports apps. Besides, no one will prefer to use an app with a complex navigation process. So, it is important to create an app design that can win the users' hearts. Don’t be stingy when it comes to investing in app design as it can break or make the app. It may take around 10 to 15 percent of the total mobile app development cost. Keep an eye on visual complexity and custom components as these factors influence the overall design costs.
It is impossible to ignore servers and cloud services while developing an app. With the integration of the best servers, it will be easier to keep the users satisfied. Well, hosting an app on reputed servers, can cost around USD 100 to USD 600+ per month, based on the app’s traffic and size.
To create a fantasy sports app, developers need to utilize technology from other companies. For that, they should get a valid license and permission. Besides, they may ask to pay royalties. Furthermore, the development process also includes legal fees for copyrights, trademarks, patents, and contracts. So, while calculating the cost, consider these additional expenses.
While determining the app marketing and promotion costs, you need to consider various components like app advertising, app store optimization, user onboarding, influencer marketing, user retention strategies, and more. In general, this can go up to USD 30,000+, based on the promotion methods you choose.
Once the app is developed; it is vital to remember that work doesn’t stop there. Regular updates and maintenance are important to keep the app functioning properly. It is common to face some ongoing expenses such as the addition of new features, bug fixes, and more. So, the cost of a fantasy sports app maintained can range between 15 to 25 percent of the total cost of development per year.
You can also take a rough estimate of creating a Fantasy Sports App with an Interactive Cost Calculator. This calculator is quite simple to use. All you need to do is enter the app’s details like features, functions, target platform, etc. and the calculator will show an estimated development cost instantly. The calculator has some advanced tools that assist you in determining the cost of the app.
Some of the primary benefits of using the app development cost calculator are:
Use the calculator now and find out how much money you need to invest to transform your dream into a high-quality application.
Fantasy Sports App development can be expensive when you do not take certain significant factors into consideration. You should conduct a thorough market analysis before getting a mobile app developed for your fantasy sport. Here is a list of the aspects affecting the development cost of a fantasy sports mobile app.
Sports enthusiasts are always looking for means to connect to their passion, and fantasy sports apps offer them just that. It is expected that the fantasy sports market size will reach $ 49.53 billion by 2028. The market is already huge, and it is expanding at a faster pace. With more sports leagues entering the industry, sports fans are finding multiple mediums to follow their favorite athletes and games.
Apart from the options available for sports followers, the fantasy sports app industry is also creating opportunities for highly skilled mobile app developers, engineers, data scientists, analysts, and other experts working in this field. Fantasy sports apps have also led to a rise in online betting, as seen in many gaming apps.
Undoubtedly, fantasy sports apps have become a highly competitive market with multiple players offering engaging features and integrating the latest technologies. If you are planning to create a fantasy sports app, then it is crucial to understand fantasy sports mobile app development trends. This will offer you the desired edge. Some latest trends in this market are:
AI has successfully captured a massive market, helping app users in choosing effective players and creating winning teams. By integrating AI into a fantasy sports app, it will be much easier to offer personalized recommendations. This, in turn, can boost users' engagement rate. However, adding this technology into the app can increase the overall cost as creating an AI power app costs around USD 50,000 to USD 200,000.
To create effective strategies and increase winning chances, players need the latest information, for example, real-time player statistics and scores. This is where Machine Learning technology comes into play. Most fantasy sports apps now come integrated with ML to offer live scores, player statistics, scorecards, etc., based on information collected from live events.
This technology has greatly revolutionized the industry by offering better security, transparency, and creating a trust factor in decentralized networks. This technology helps apps ensure all the monetary transactions and player selections are transparent and tamper-proof. Besides, by enabling cross-border transactions, it increases global participation. Creating a blockchain-powered fantasy sports app may cost around USD 70,000 to USD 400,000.
Gamification has become a crucial tool for enhancing user engagement across various platforms. The use of different gamification elements like badges, leaderboards, rewards, and more can attract more users to engage with the app. It is a popular trend for sports apps in 2024.
Having a social integration feature in a fantasy sports app is important as it can help players remain connected with other players or friends while sharing information. By integrating social media platforms such as Instagram or Facebook, you can allow users to instantly share their gaming experience.
Embracing new tech trends is crucial for the constant growth of the fantasy sports app and to enhance user experience and engagement. While this can unlock the doors to acquire more users, it can also increase the app development cost. Some costs that you need to consider here are infrastructure cost, support cost, increase in development time, increased costs of maintenance, and more. So, consult with a professional app developer and come up with an informed decision regarding this.
If you are all set to take your unique fantasy sports app idea to a whole new level, the team at ManekSoft is here to make it possible. With 13+ years of extensive experience in this field, we understand the current market demand and create fantasy sports apps that can easily stand out and capture the hearts of sports enthusiasts.
Our team of expert analysts, developers, designers, and engineers is equipped with expert tools and techniques to deliver excellence that defines your business. We have designed and developed $23MM in solutions and even possess 85,000+ wireframes to back this claim.
We at Maneksoft follow a strict customer-centric policy where our focus is on delivering excellence in a timely and cost-efficient manner. Book a call with our team now and get a seamless fantasy sports app developed for your business.
We hope this detailed guide about the development cost of a fantasy sports mobile app has given you a clear idea of what to consider while making your app development budget. Remember that developing a fantasy sports app will vary in cost based on different factors like complexity, app design, features you wish to add, and more. To develop a basic app, you may need to spend around USD 50,000 to USD 150,000.
In the case of advanced apps, the cost can go beyond USD 200,000. Just create a budget for every development stage carefully and prefer to work with a reliable and experienced fantasy app development company like Maneksoft.
1. How to Get Started with a Fantasy Sports App?
Getting started with this is a strategic process and it generally begins with detailed market research and analyzing your target audience as well as competitors. However, it is also crucial to partner with a trusted and top-rated app development firm to enjoy the best results.
2. Is Fantasy Sports App a Profitable Idea?
Yes, this can be a profitable option. However, one needs to carefully choose the subscription types, content, features, and advertising revenue for the app. Success depends on offering a better gaming experience, and value to users.
3. How Long Does It Take to Create a Quality Fantasy Sports App?
The development duration for a fantasy sports app can take weeks to months. It greatly depends on features and complexity. The development timeline can also vary depending on the app’s functionality.
4. Which Frameworks Are Popular Among Fantasy App Developers?
While there are many frameworks that a developer can use for such apps, some of the most popular options are PhoneGap, Native, Titanium, Angular JS, and jQuery.
5. What essential features can you add to my fantasy sports app?
Our trained experts add features of your choice. They are well-equipped with all the required technologies, tools, and expertise that help in delivering a desirable app. We can add unique features like Rookie challenges, H2H challenges, in-all insights, and more. Connect with us now to know more about our impressive features.
6. What technologies do you use in fantasy sports app development?
Our Fantasy sports app development services involve using technologies such as programming languages like Java, Swift, Kotlin, frameworks, databases like SQL, NoSQL, real-time data integration APIs, cloud services (AWS, Google Cloud), and third-party services for payments, analytics, and notifications.