Sports Technology Market Analysis Report By Product, By Application, By End Use, By Region & Segment Forecast 2020-2028
Emergen Research Logo
Market Size – USD 10.34 Billion in 2020, Market Growth – at a CAGR of 18.5%, Market Trends – Rise of smart arenas
VANCOUVER, BC, CANADA, June 29, 2022 /EINPresswire.com/ -- The global sports technology market size is expected to reach USD 40.22 Billion by 2028 and register a robust double-digit CAGR over the forecast period, according to latest analysis by Emergen Research. Steady growth of the market can be attributed to increasing adoption of new technologies in the sports industry such as big data analytics, Artificial Intelligence (AI), cloud services, wearables, and drones. Utilization of Video Assistant Referee (VAR) in the 2018 FIFA World Cup in Russia was the start of the trend which is another key factor driving the deployment of sports technology in the global sports industry. The VAR system operated out of a video control room and could communicate with the referee on the soccer field to review a play. Greater accuracy of the VAR system is driving its adoption in the sports industry. Rising need for fairer gameplay, safer, and potentially more profitable events are some other key factors driving adoption of sports technology solutions currently. Rising interest in franchises to capitalize on mobile technology to improve viewer experience among fans in their homes and for spectators in stands at stadiums is another key factor driving adoption of smart technologies in the sports industry.
The Sports Technology Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Sports Technology market. The report offers in-depth research and assessment of the key elements of the global Sports Technology market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Sports Technology market.
For More Info, Get Sample Report Here @https://www.emergenresearch.com/request-sample/542
Some Key Highlights in the Report
In June 2019, IBM & FOX Sports teamed up to transform the production of the 2019 FIFA Women’s World Cup France event. This helped to transform the production of the event by infusing Artificial Intelligence analysis and live streaming during the game.
The soccer segment accounted for largest revenue share 2020, driven by rising adoption of advanced technologies such as AI, big data analytics, cloud services, drones, and wearables.
Devices segment revenue is expected to expand at a rapid CAGR during the forecast period. Benefits offered by wearable devices include workout injury prevention, player safety assessment tool, and metrics of physical conditioning and performance, which is boosting demand for wearables.
Europe accounted for largest revenue share contribution to the global sports technology market in 2020. Increasing adoption of advanced technologies in the sports industry is driving market growth in the region.
The researchers have considered all the factors influencing the growth of the Sports Technology market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the Sports Technology market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the Sports Technology market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.
Major Players/Manufacturers profiled in the report are:
IBM, Ericsson, Cisco, Fujitsu, SAP SE, Oracle, NEC Corp., LG, Sharp Corporation, and Samsung
Request a discount on the report @https://www.emergenresearch.com/request-discount/542
Emergen Research has segmented the global sports technology market on the basis of sports, technology, and region:
Sports Outlook (Revenue, USD Billion; 2021–2028)
Baseball
Soccer
Basketball
Cricket
Tennis
American Football/Rugby
Others
Technology Outlook (Revenue, USD Billion; 2021–2028)
Esports
Device
Smart Stadium
Sports Analytics
The Global Sports Technology Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Sports Technology market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request customization of the report @https://www.emergenresearch.com/request-for-customization/542
The report offers insightful information about the market dynamics of the Sports Technology market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Sports Technology market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Sports Technology market.
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8 year analysis of the Global Sports Technology Market
Critical assessment of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
Click here to Buy Now @https://www.emergenresearch.com/select-license/542
Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs. Emergen Research also offers a country-wise customized report as per clients’ needs.
Read similar reports by Emergen Research:
Hydrocolloids Market
https://www.emergenresearch.com/industry-report/hydrocolloids-market
Agriculture Technology As A Service Market
https://www.emergenresearch.com/industry-report/agriculture-technology-as-a-service-market
Industrial Sensors Market
https://www.emergenresearch.com/industry-report/industrial-sensors-market
Non-Volatile Memory Express Market
https://www.emergenresearch.com/industry-report/non-volatile-memory-express-market
Connected Agriculture Market
https://www.emergenresearch.com/industry-report/connected-agriculture-market
Smart Greenhouse Market
https://www.emergenresearch.com/industry-report/smart-greenhouse-market
Ambient Lighting Market
https://www.emergenresearch.com/industry-report/ambient-lighting-market
E-Waste And Information Technology Asset Disposition Market
Geographic Information System Software In Agriculture Market
Spider Silk Market
https://www.emergenresearch.com/industry-report/spider-silk-market
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
Visit us on social media:
Facebook
Twitter
LinkedIn
Sports Technology Market Size Worth USD 40.22 Billion by 2028
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.
