Fantasy Sports Trends to Follow: 2023

Introduction

The popularity of fantasy sports has reached elite levels, making it a huge social phenomenon that draws major investors, fantasy players, and fans. Fantasy sports involve people in competition with events like draught parties, brand marketing, and sponsorships. And as a result, more people are using fantasy sports apps to watch weekly games, make trades, check the score, etc.

The financial performance of the company, which includes league fees, transaction fees, site hosting fees, challenge games, educational materials, and other costs, has been significantly impacted by the dramatic rise of fantasy sports players.

Interesting Statistics

The global fantasy sports market size has a value of 24 billion USD in 2021 and is predicted to reach an expected value of 78.5 billion USD by 2030, growing at a CAGR of 14% during 2022-2030.

It is estimated that the fantasy sports app world will reach an expected USD 13890 million by 2030, growing at a CAGR of 15.8% during the forecast period.

89% of users play Fantasy Sports at least once a month, making it a game with a strong addiction.

At a cumulative annual growth rate (CAGR) of 33.4% the global market for online fantasy sports is expected to increase from $20.4 billion in 2020 to $86.3 billion in 2025.

Popular Fantasy Sport Games

In the last twenty years, the market has been overrun with fantasy game apps. The users' incredible ability to build their fictitious squad and the opportunity to make real money are the main factors.

There are numerous smartphone apps for fantasy games on the market. Below is a selection of the most incredible ones.

1. Mobile Premier League

By receiving rewards, players can use the gaming app to access other online gaming services. This app offers more than 30 games available for users to play, and it has more than 4 crore users nationwide.

2. ESPN Fantasy Sports

This widely used fantasy sports platform includes a dedicated app for playing fantasy sports. Fantasy leagues for a variety of games, including baseball, football, hockey, etc., can be created by players. Some of the key components of ESPN Fantasy Sports include team formation, live competitions, professional game scoring, etc.

3. DraftKings

Listed as a well-liked daily fantasy sports mobile app, DraftKings offers a variety of fantasy games on their gaming platform in budget-friendly bundles. Gamers can choose from a variety of game modes, including head-to-head, 50/50, and three-person leagues.

4. Fansportiz:

Fansportiz is a top fantasy sports app development company known for effective solutions that are innovative. We’re capable of making our mark in the existing market. It is making a major impact on the online game market. The platform is gaining popularity and many new users are registering themselves for an exciting online sports battle, and the real thrill is here now with the international event of FIFA2022.

Trends to Follow

The world of fantasy game fanatics is gaining lots of traction with every passing year.

If you are among them, here are some recent trends that you can not ignore before you jump into the fantasy sports mobile app development process.

1. 5G network

The fifth-generation mobile network, or 5G, is the latest cellular technology. The best feature is that it can deliver higher peak data speeds of several Gbps and has incredibly low latency. Therefore, many fantasy app development companies will adapt to this high-speed internet service for a fast & better connection.

2. Integration of Social Media

People can post their life events on social media platforms. Allow players to post about their gaming adventures on social media sites. Users will be up to date with the latest news via social media. Many gamers are building new connections and participating together in the fantasy sports world. Enhancing user involvement will also increase marketing efforts, increase outreach, and strengthen brand reputation.

3. Gamification

One of a kind trend is this application for game creation. Fantasy app creation is made possible by gamification, which also aids in the addition of fun features that raise user engagement.

4. CRM integration
The integration of fantasy apps with CRM can be helpful to organize better. Push notifications, Sending messages to your gaming friend, sorting tickets, and many other tasks can be easily handled and organized by integrating CRM within fantasy sports apps.

5. Blockchain

Fantasy Sports platforms are already embracing the blockchain to create a decentralized, transparent and 100 % secure gaming environment. Blockchain technology opens the doors for users to not only participate in the playing but also the development processes. Users will not have to worry about their virtual assets with blockchain.

6. Support for Cryptocurrencies

The future of the payment industry is in cryptography. Cryptocurrency appears to be the safest and most advantageous choice. By using fantasy apps that support cryptocurrencies, users will find it simple to make payments or earn money.

Additional Trends

Building eye-catching and captivating app adverts, numerous payment gateways, refer-and-earn programs, ad-space, manual & integrated data feeds, multiplayer lobby, leaderboard, and chatbots are some further developments in fantasy sports app solutions.

Conclusion

With each passing year, the market for fantasy sports software becomes more cutthroat and competitive. Businesses that want to invest in developing fantasy sports apps will need to go above and beyond to keep up with the industry's changing trends and obstacles.

Before you start the app creation process, it is important to employ a fantasy sports app development business. You can decide on the technology, app category, and many other important app-making considerations with the help of an expert.

Take advantage of this multi-billion dollar business by working with a Fantasy sports app development company right away.