With an audience of over 2.5 billion sports lovers spread across 180 countries, cricket is the most popular sport in the world. The addition of billions of sports lovers, various sports leagues and tournaments, celebrities, and big brands have made cricket a huge scope for business. In India, cricket is not only a game, but it is also an enthusiasm. Cricket enthusiasts are not only frenzy but are also highly opinionated about the sport.
The year brings in the best opportunity for fantasy sports entrepreneurs. In light of cricket events lined up in the coming months and the huge achievement of fantasy sports league software development services like Dream 11, businesses have realized that the coming year will be the best time to invest in fantasy sports software development.
Fantasy Sports Game in India-
The growth of online viewership combined with smartphone penetration and the emergence of technical innovation has contributed to the evolution of fantasy sports in India.
In addition, the rise of league-based games like IPL, T20, BBL, and more have also attributed to the monumental rise of cricket in the industry. According to a recent IFSG-Nielsen report, the user base of fantasy gaming platforms crossed 70 million Indians in 2018. The number is massive when compared to the US and Canada markets which have 59.3 million fantasy sports users, even when fantasy sports started in these countries in the 1980s.
Here’s why this is the best season to launch a fantasy sports software
Here are the top cricket league events lined up in the coming months and the app enjoys the maximum number of downloads and in-app purchases during national and international sports events?
Indian Premier League (IPL)
Indian Premier League, the T20 cricket league of BCCI is the most viewed Cricket league on the globe. IPL has witnessed a 7 percent growth in overall valuation to $6.8 billion in 2019 from $6.3 billion last year, as per the annual brand valuation report by a global advisory firm, Duff & Phelps. The Mumbai Indians, the winner of four editions, saw an 8.5 percent increase in valuation to 809 crore -making it the most valued team. The last season of the IPL attracted over 1.4 billion viewership, a staggering 15% growth from its previous edition. The 12th season of the IPL is around the corner and if internet anticipation is to be believed, there will be more eyes watching the cricket madness unfold this year than ever before. With over 100 crores spent to buy 60 players, this year’s player auction will also be more competitive than ever.
T20 World Cup
The 2020 T20 World Cup is scheduled to take place in Australia from 18 October to 15 November 2020. The finals are to be held at the Melbourne Cricket Ground.16 nations, including hosts Australia, will be participating in this 7th edition of the tournament. The 2020 season is anticipated to go big among the fans, which means a fantasy cricket app is also going to witness massive downloads during this time. This year’s T20 world cup is a perfect opportunity for fantasy app developers and entrepreneurs to go big and make a lot of money in a short duration.
Conclusion
The growth of sports fun is on the rise courtesy of massive television, marketing, advertisements, social media, and fan clubs also the list goes on that has been the reason behind the growing affection of people for this fantasy sports game software development across the globe. After your Hire fantasy sports software developers in India, discuss with a legal team, and learn how much Fantasy sports App Development Costs, you are ready to take action. We can help you kickstart your own White label fantasy sports software development platform today and win huge customers. Contact us now!
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