Fantasy Sports Trends to follow in 2023 | Fantasy App Developer

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Trends in Fantasy Sports 2023

Trends in Fantasy Sports 2023

One of the main factors driving the expansion, new trends are being introduced, which exponentially accelerates the industry’s growth. The global fantasy sports market was worth USD 24.39 billion in 2022 and is projected to reach USD 44.87 billion during the forecast period. Between 2023 and 2030, the market is expected to grow at a high CAGR of 14.84%. 

Trends in Fantasy Sports 2023
Backed by advanced tools and technologies, the fantasy sports industry has transformed the whole image of sports among sports fans. With the opportunity to showcase your talent and sports knowledge, the Fantasy sports industry is getting the huge attention of sports fans.
To grow the Fantasy Sports industry; daily new trends are introduced and executed to improve the user experience. We have done our research and found out the latest trends in the Fantasy Sports industry.

Latest Trends in Fantasy Sports Industry

Here is the list of ongoing trends in the Fantasy Sports industry that shows its overall growth.

01. Female Gamers are increasing

Sports used to be considered as a gender-based activity, but over time; Sportswomen are also getting equal opportunity to play the game. Now, they are not playing only on the field; but also showing interest in fantasy sports to showcase their skills. In recent years, there has been a huge number of female gamers noticed in the user base of fantasy sports. Many female candidates are signed up to play different sports to compete and win real cash prizes. Their enthusiasm is not limited to one sport, they are everywhere.
The UI, personalized experience, and huge cash rewards are attracting Fantasy users to participate more in the game.

02. Prefer to play On Mobile

With the availability of the Internet and smartphones available at an affordable rate, now all sports fans have access to this golden opportunity of playing fantasy sports online. As per research users prefer to play fantasy on mobile compared to other screens.
Moreover, Fantasy Cricket is the primary choice of users to play. The craze of cricket among users makes it the favorite fantasy and most played online sport.

03. User supporting features

Sports are incomplete without insights and analysis of users’ performance in the game. Features like leaderboard, insights, rank chart, winnings, etc, have become a trend in the fantasy sports industry. These features make the game interesting and interactive for all the participants.
Such features attract the user’s attention and give them insights into their performance to understand their gameplay and perform better every time. These features might look like a small deal for you, but such details keep users engaged on the fantasy sports platform.
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04. Variety of Leagues and Tournaments

Who would like to eat the same food daily? No one, likewise no user wants to play only one type of Fantasy sports or Fantasy league. As now all types of beginners and professional players are participating in Fantasy Sports, it is encouraging the operators to cover all types of leagues and provide a wide variety of tournaments to the users.
Moreover, many fantasy platforms even started hosting practice contests like practice matches to prepare the users for the final tournaments and ensure their victory in the game.

05. Huge Rewards

What’s better motivation than rewards and recognition on the Fantasy Sports platform? And when a fantasy player is getting such rewards continuously, it becomes the ultimate motivation for them to invest their time in playing more fantasy sports. It helps them to focus on the game and travel the extra mile to win the rewards.
Investment of big investors, celebrities, and other industries in Fantasy Sports platforms is allowing the fantasy sports platform to keep huge rewards for the winners.

06. Increase in investments

Gaming has evolved into a popular kind of entertainment for many people over time, particularly the younger, tech-savvy generation. In India, fantasy sports are becoming more and more popular. Fans of kabaddi, football, and cricket are more sociable and involved because of fantasy sports. According to research, the number of gamers has increased by 170% since 2021. Fantasy sports platforms have attracted investment totaling over $112 million over the previous five years as one of the gaming industry’s fastest-growing categories.

07. 5G, Internet, and smartphones

The fantasy sports market is booming and expanding rapidly worldwide, including in India. This is because more people are using smartphones and because innovation is being driven by the internet. The technological world is recently introduced the newest cutting-edge internet technology called 5G. It is anticipated that 5G technology would enhance and change the game experience for participants in fantasy sports. To provide players with a reaL-time playing experience, this transition calls for a strong infrastructure and optimal data transfer speed.

08. Moving Beyond NFTs

The deeply-rooted blockchain technology and cryptocurrency nexus have helped NFTs in the sports industry gain traction over the past few years. Fantasy sports, ticketing, betting, gaming, and collectibles have all seen a sharp increase in popularity. As a result, purchasing weapons or collectible tokens, which are then used in the game, helps players in fantasy games keep their money with the game. The creation of governments of new attributes in video games, such as weapons, armor, and shields, is possible with the use of these tokens.

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Conclusion

The Fantasy Sports platform has gained a lot of limelight recently and has become the favorite entertaining and money-making source for all the Sports enthusiasts, who are looking for multiple opportunities to prove their love for the game. With the increase in the number of platforms in the market, it has become quite a task for Fantasy Sports platforms to attract the attention of enthusiastic sports fans. Following the Fantasy Sports industry trends and hiring professional developers help them to make it easy to reach out to potential fantasy players.
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