If fantasy sports software development has been in your thoughts lately, this detailed guide discussing A to Z of the software will be your goldmine of info. Read on to plan your fantasy sports product with the best user experience and benefit alike.
If you’re an enterprising and tech-savvy individual then you must already have an idea about fantasy sports, either because of this industry’s growth potential or your love for sports!
And in this day and age why shouldn’t this industry show such great potential, right? So, to set things straight...
Fantasy sports are online games in which you create your own virtual sports team made up of real-life players and make predictions about the outcome of events in order to win. The most amazing part is that you earn points based on real-life statistics that are converted into fantasy points! So that means your points are dependent on the actual performance of your selected players. And basically, to win, you and your fellow contestants manage your own sports team by adding, removing, trading, and selling the players.
A highly engaging experience for all the sports enthusiasts? (check)
A chance to finally put your long-gathered expertise in the sport to the test? (check)
An amazing opportunity to bond with your friends over your favorite sport? (check)
…Whew! No wonder these fantasy sports games are becoming so popular all over the world. And here are some of the most popular fantasy games trending right now:
- Fantasy Soccer
- Fantasy Football
- Fantasy Baseball
- Fantasy Hockey
- Fantasy Cricket
So, In this blog, we’ll be covering everything you need to know about fantasy sports software development and help you decide whether it’s worth your while!
Get A Complimentary Fantasy Sports Software Consultation !
Fantasy Sports Product Types
Before jumping straight in looking at the seemingly growing popularity of fantasy sports, let’s have a quick look at the fantasy sports product types:
Fantasy Sports Web App
Fantasy sports web application is the most fundamental custom software solution that can conveniently be made widely available to the masses, especially in the initial stages of your business. We at BinaryFolks have developed several advanced fantasy sports software solutions and here are some of our the most sought-after functionalities that can set your fantasy sports web app apart from the rest:
- An Interactive Leaderboard
- A Multiplayer Lobby For Teams
- Live Group Chat Feature
Fantasy Sports Mobile App
Fantasy Sports Mobile Application can be considered equally if not more important than web applications these days because currently, almost 90% of the global population use mobile devices to go online! Hence, when you’re creating your fantasy sports business roadmap do not overlook your mobile app development. Check out some useful features that can elevate your mobile app:
- Refer & Earn Policy
- Multiple Payment Gateways
- Notifications & Requests Management
Fantasy Sports Social Platform
One of the most amazing things about fantasy sports software is that it gives you a unique opportunity to create and maintain strong social bonds through shared interests and experiences over sports! So, of course, including this valuable component that can give your fantasy sports platform that unique edge is a no-brainer! So here are some features integrated with social media platforms that can help your fantasy sports app stand out.
- In-App Community Platform
- Social Media Sharing Option
- Live Video Streaming Of Games
Fantasy Scoring System
Creating a well-functioning fantasy sports platform is a necessity but the backbone that maintains the true USP of the game is a robust scoring system! It should be developed with the utmost precision and logic to prevent any technical mishaps or errors especially because it has to be completely in sync with real-life events! Here are some functionalities that can create a competent fantasy scoring system:
- Fantasy Points Scoring Calculator
- ESPN API Integration For Player Statistics
- Live Performance Status
Fantasy Analytics Software System
Fantasy sports team managers have to make important decisions like trading, removing, adding, and selling their players based on various statistics and performance metrics provided to them. So, it’s essential to have a good fantasy analytics software system that will provide accurate data and support the decision-making skills of these managers. Take a look at some handy analytical components that can help improve your fantasy sports app.
- Manual & Integrated Data Feeds
- Champion & Score Prediction
- Interactive Sports Dashboard
In order to be able to implement these features in your fantasy sports software, you’ll have to work with a competent team of fantasy sports software development companies and our blog on How To Find Developers? can definitely help you in that department.
Source : Statista
Benefits Of Developing Fantasy Sports Software
You can’t take a Rolls Royce ‘Ghost’ to an F1 race and expect to win the championship, right?
See, the challenge isn't always finding a great concept like a fantasy sports software for your business; it's determining whether or not this venture will be able to give you the returns you expect. So let’s quickly check out the benefits you can get from your fantasy sports software development and determine if it's worth your investment:
Strengthen Your Brand Name
To thrive in the online gaming industry it’s extremely important to create and maintain your brand name and credibility in the market. If you have an upscale fantasy sports platform with all the cutting-edge functionalities, paired with a capable marketing team, you can establish your brand name in the eGaming industry and eventually create a stronghold in the global market!
Striking Monetization Opportunities
Of course, generating substantial revenue and earning profits is the priority of any business in the world and your fantasy sports software surely isn’t an exception in this matter! Your highly optimized and functional gaming platform can attract a large number of active users from all around the world which will help you generate revenue from various streams like display ads, in-app purchases, affiliate links, and more!
Significantly Expand User Base
If your fantasy sports platform has an edge over your competitors and is highly engaging for the players then you’ll create a large army of a loyal user base, which can I dare to call even more valuable than your short-term profits! You ask why? Because this will create a legacy for your business and help you make strong partnerships with important players in the industry and establish your growing dominance!
Raised Bar For Business Growth Limit
A successful venture in the fantasy sports vertical will establish you as a major player in the entire tech industry and open several new doors for you. Through expansion and diversification of your business, you can safeguard your interests against any unforeseen situations that may arise in the future. So, just make sure that your custom fantasy sports software is scalable in nature, and can accommodate any future requirements seamlessly.
So it’s now time for you to decide whether entering the online gaming industry is something you want to pursue or not... And if it seems like a good idea then talk to an experienced fantasy sports software development team, since your business success will majorly rely on the quality of your gaming platform!
Top Features For Your Fantasy Sports Software
Let’s face it - the fantasy sports industry might be new in the limelight but there is no scarcity of competitors in the market already.
So what is your best bet to ensure that you always have that competitive advantage over your competitors?
A cutting-edge fantasy sports software that’s not only rich in all the latest features and functionalities, but is also capable of accommodating any new technological advancements in the future!
On that note here goes some of the features that our experienced team of developers have compiled as ‘must-haves’ for a successful contemporary fantasy sports software:
Live Scores, Stats, & Updates
Since the entire USP of fantasy gaming is because of the real-life scores and performances involved, it’s very important to implement a flawless logical algorithm that will integrate all the live scores and statistics on-the-go and provide prompt updates in real-time to the players.
Live Streaming
People seem to be glued to their mobile devices all day so it’s important to take advantage of this opportunity and keep your users involved through engaging content. Live streaming is a feature that can help your players and the entire community stay engaged in the game and help you retain users & help in increased engagement. And guess what’s a bonus? You can have the attention shifted to your fantasy sports software from your competitors’ by incorporating advanced interactive elements in your live streaming like group chat with fellow players during the game.
Push Notifications
People nowadays are busier than ever, it’s getting increasingly difficult to retain their attention and keep them engaged! This is why most of the web and mobile applications these days try to take full advantage of this feature called ‘push notifications’ to at least stay in the back of the user’s mind. However, push notification also happens to be a tricky feature to handle as with careless usage of this, there’s high chances of losing your users. So try to keep a strict eye at three aspects as you plan your push notifications:
- Give users the flexibility to customize the notifications they get.
- Keep the content highly engaging and value-adding.
- Plan the timing and interval wisely.
Real-time Analytics
Providing real-time scores and stats is basically a necessity for any fantasy sports software but what is it in this space that can set you apart? Detailed and highly captivating real-time analytics and custom reports for your users. This will empower them to make better decisions regarding their strategies and become more deeply engaged in the game!
API Integration
You’ll hear of API integrations in almost every software development conversation today k and that is for all the right reasons. Since for any modern app to communicate with other applications and provide a seamless user experience in so many ways like banking and payments, social media, google maps, and more - it’s utmost important to establish smooth connections! So plan relevant integrations with important platforms well with your fantasy sports software!
Fantasy Sports Software Development Solutions We Offer
We at BinaryFolks can be your development partner in need in this endeavor as we have an experienced team of software developers who have worked for a wide spectrum of companies including both cutting-edge startups as well as enterprises including “Fortune 50” companies! So with insights from our up & successful projects, we can help you get the most out of your investment while bypassing probable pitfalls during the process! Have a quick look at the fantasy sports software development services we offer:
Fantasy Football App Development
Fantasy Rugby App Development
Fantasy NBA App Development
Fantasy Hockey App Development
Fantasy Cricket App Development
Blockchain-based Fantasy Sports Development
IoT based Fantasy App Development
Fantasy Sports Software Maintenance
Read More : IoT development - be a part of the connected tomorrow!
How Much Does Custom Fantasy Sports Software Development Cost?
Just imagine how different a fantasy gaming software built for NBA will be from a fantasy gaming software built for minor league baseball, isn’t it? So you can understand that custom fantasy sports software development costs too will vary significantly depending upon your unique requirements and functionalities that need to be addressed accordingly.
We have already discussed different features and components that can be included in fantasy sports software and they can affect the cost of development significantly. For your reference here are some of the top factors that impact the cost of developing a fantasy sports software:
- The type of fantasy sports software to be built
- The timeline of the project
- The complexity of the gaming application architecture
- The number and types of features and components to be included
Although, the cost varies significantly depending upon your requirements and preferences, here is a rough estimate for developing a fantasy sports software for your reference:
A fantasy sports software with standard functionalities and a conventional design can cost anywhere between USD 10K and USD 60K.
Looking for a streamlined cost?
Get A Budget Estimate For Your Fantasy Sports Project!
Why Develop Your Fantasy Sports Software With BinaryFolks?
If you are in search of an experienced fantasy sports software development company for your next venture then we at BinaryFolks can help you out. Our skilled & experienced software developers have hands-on expertise in delivering a wide range of projects for clients from various industry verticals. Unlock all the potential of your fantasy sports software and let BinaryFolks boost your business's success trajectory. Here's what to expect if developing your fantasy sports software with BinaryFolks :
Driven by ex-engineers from Google, Amazon & Salesforce
101% Value For Money (+1 for Our Complimentary Consultation before You Spend Your 1st Dollar!)
Reviews That You Can Verify!
Safeguarded Business With An NDA
Out-Of-The-Box Innovations
Eye For Details
Questions Galore (Until Your Requirement & Our Understanding are mirror copies!)
Insight-Rich Scope Enhancement
Intense Domain Expertise
Close-knit feedback loop
Conclusion
Wow... that was a lot of information to digest! But I hope it was worth it? Okay great so now it’s time to put your plan into action!
You don’t have to feel overwhelmed... We are here to help out every step of the way… So let’s quickly get started with a complimentary consultation with no strings attached!
