Are you planning to build a fantasy sports app but stuck with a question in mind: how much does it cost to develop a fantasy mobile app like Dream11? If yes, no worries! This article will help you know about the development cost, factors affecting cost, and other important aspects that will help you make informed decisions.
Fantasy Sports Market Stats
As per research, the global market for fantasy sports was standing at $27.26 billion and is expected to cross $90.06 billion by 2032 at 14.2% CAGR for the forecast period 2024~2032, with cricket being the leading sport in the fantasy gaming segment.
The Core Features of Fantasy Cricket App like Dream11
It is important to understand the critical features of a Dream11-like fantasy cricket app to estimate the cost. Here are the features:
|
Feature
|
Description
|
|
User Registration
|
Dream11 provides easy login to users with a simple login process through email, phone numbers, or social media accounts.
|
|
Team Making
|
Users can select players within a budget to form their virtual teams through a user-friendly design and robust backend logic.
|
|
Live Match Tracking
|
Real-time updates and player performance tracking are crucial for engaging users.
|
|
Match Listings
|
An interface showing detailed information on matches, tournaments, and leagues.
|
|
Leaderboards
|
Displays player rankings and performance to create a competitive environment.
|
|
Payment Gateways
|
Secure payment systems for seamless deposits, withdrawals, and prize distribution.
|
|
Admin Panel
|
A powerful dashboard for admins to efficiently manage contests, users, and payouts.
|
|
Real-time notifications
|
Push notifications alerting users about upcoming matches, scores, or team updates to keep users hooked to the platform.
|
Factors Influencing Development Costs
Several factors influence the cost of developing a fantasy cricket app. These factors range from platform selection to third-party integration. Let’s know them.
1. Platform Choice: Android, iOS, or Both
The selection of a development platform has a major impact on the cost. For instance, developing for a single platform (either Android or iOS) costs less than creating a cross-platform app. A native app for both platforms could cost you 30~40% more.
2. UI/UX Design
UI/UX design is essential to retain users. As far as cost is concerned, the design complexity impacts development time and finally the costs.
3. Features and Functionalities
The more advanced features you implement in your app like AI-driven suggestions, the higher the cost.
4. Third-Party Integrations
Integrating real-time data APIs, third-party payment gateways, and live match feeds requires additional expenses.
5. Development Team Location
The rates are different in different regions. Hiring developers from different regions comes at different prices.
|
Developers From
|
Rate per Hour
|
|
US
|
$100~$200/ hour
|
|
UK
|
$80~$140/ hour
|
|
Asia
|
$20~$50/ hour
|
6. Testing and Maintenance
Testing and post-deployment support & maintenance are crucial for a smooth user experience Rigorous testing and support are extremely necessary for a smooth user experience.
Cost at Each Step in the Development Process
Let’s break down the cost to know what it takes to develop an app like Dream11. Let’s break down the cost.
|
Step
|
What Happens
|
Cost Range
|
|
Market Research & Planning
|
Research to understand target audience demands and competitors.
|
$2,000 to $5,000
|
|
App Design
|
Designing UI/UX, creating a friendly user interface
|
$5,000 to $10,000
|
|
App Development
|
Creating the app, integrating features, implementing payment system and security measures
|
Basic: $25,000–$40,000
Mid-Level: $50,000–$80,000
Advanced: $100,000+
|
|
API Integration
|
Integrating APIs to obtain real-time data like live match updates, and player stats.
|
$10,000 to $15,000
|
|
Testing
|
Rigorous testing to find bugs and fix them, performance testing under load
|
$3,000 to $8,000
|
|
App Launch & Marketing
|
App deployment, and marketing to expand the app’s reach to a large audience
|
Up to $10,000 or above
|
What is the Total Cost?
Based on the above factors, the average cost to develop a fantasy cricket app like Dream11 ranges between $40,000 and $80,000 or even more. The cost is subjective and heavily depends on the project’s complexity and types of features and functionalities. The cost can be lower than this range but as said it depends on different factors.
How to Save on Development Costs?
If the cost range of $40,000 to $80,000 seems high to you, there are some ways through which you can optimize it.
-
Start with an MVP (Minimum Viable Product): You start with an MVP and focus on core features at the beginning and expand it later on.
-
Hire Developers from Asia: You can hire developers from South Asia or Eastern Europe as they offer quality at lower prices.
-
Leverage Pre-Developed Solutions: You can go for white-label solutions to cut development time and costs and move further for a quick business launch.
Conclusion
Creating a fantasy cricket app like Dream11 is a very profitable opportunity. However, it requires a large investment and a well-strategized plan. By looking at the cost range, you may think it is very costly, but by looking at its high user engagement, doors for monetization opportunities, and loyal fan base, in the long run, it makes every penny worth it.
By partnering with the best fantasy sports app development company, you can create an app that can make your business stand unique in the crowd.