The entertainment app business has seen tremendous growth in recent years. With an ever-increasing number of people using smartphones every day, the market for the app industry continues to grow at an unprecedented rate.
An estimated 2.2 billion people around the world use smartphones and another billion more own a tablet. This spells out that there’s an untapped market with a lot of potentials. If you’re an entrepreneur, you must seriously be looking into making an investment in the app development and marketing industry.
One particular sector of the industry that has seen a lot of growth in the past few years is the fantasy sports app sector. With the success of apps like bet365, many more people are aware of fantasy sports betting, and it has also gained a lot of popularity and credibility within the market. What was once regarded as “gambling”, sports app have now become more widely accepted within the society.
What exactly is a fantasy sports app all about? Fantasy sports is a type of online game where participants assemble virtual teams of real players of a professional sport. These teams compete based on the statistical performance of those players in actual games. The team with the most accumulated points wins. The popularity of fantasy sports has been steadily growing in recent years. They have grown to a point where they have now become major sponsors of many leagues around the world.
According to a recent study, over the next five years, the Fantasy Sports market will register a 13.24% increase in terms of revenue, the global market size will reach US$ 33199.64 million by 2025, from US$ 13906.77 million in 2018. As you can see, the raw data indicates that fantasy sports app development is hugely popular and poised to grow even further.