Press release
Sports League Software Market Growth Scenario with 6.4% of CAGR by 2027 - LeagueRepublic, Logismico (TeamTracky), PlayyOn, SportsEngine
Sports League software help sports organizations and administrators in scheduling events, managing facilities/leagues, organizing tournaments, and automating processes such as event registration. This software also allows organizers to keep track and manage data of their players and team assignments. The sports League software may include multiple useful features such as player/volunteer registration, website creation, billing features, team management, reporting, scheduling, communication tools, real time updates, and other support features.According to our latest market study on “Sports League Software Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Deployment (Cloud-Based and On-premises) and Application (Small & Medium Enterprises and Large Enterprises),” the market was valued at US$ 556.60 million in 2019 and is projected to reach US$ 907.25 million by 2027; it is expected to grow at a CAGR of 6.4% from 2020 to 2027.
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Impact of COVID-19 on Sports League Software Market:
As per the latest WHO situation report dated 9th August 2020, the overall COVID-19 confirmed cases in the Asia Pacific region crossed 2.96 million with more than 61,000 deaths. Mobility restrictions, cancellation/postponement of various big sports events such as Tokyo 2020 Olympics, and restrictions on group/sports activities due to COVID-19 outbreak have affected the overall sports industry in this region. The COVID-19 outbreak has also adversely impacted the overall competitiveness, job market, and economic growth of many countries in the region. Additionally, the growing caution among countries such as the US, Australia, and Canada to attend any sports events happening in the Asia Pacific region is further putting pressure on sports industry growth in the region. Also, there is an uncertainty around organization of various big sports events such as Indian Premier League (IPL), Nippon Professional Baseball (NPB), Australian Football League (AFL), and National Rugby League (NRL). Hence, the unpredictability regarding the status of COVID-19 outbreak in coming future especially in the APAC region, where the confirmed cases graph is going upwards may affect the growth of sports league software market in coming quarters owing to reduced demand among clubs and leagues.
There are various companies operating in the global sports league software market such as ACTIVE Network, LLC, SportsEngine Inc., Jersey Watch, Stack Sports, and TeamSnap, Inc., which offer solutions for small, medium, and large enterprises in the sports industry. The solutions offered by these companies allow customers to save time and resources by managing their associations, clubs, and leagues in an efficient manner. The companies offer league management and related software for a wide variety of games which include soccer, football, baseball, softball, basketball, hockey, volleyball, lacrosse, tennis, and rugby among many others. The increasing demand for sports league software among key end-users such as governing bodies, clubs, leagues, parents, coaches, & athletes is driving the market growth of sports league software globally.
The businesses around the world are adopting digitalization as it presents a massive opportunity for businesses to utilize digital solutions to transform their business models and existing processes to improve operational efficiency and increase the revenue. Digital transformation refers to the adoption of various types of digital solutions for automation of various business processes, activities, and functions. In today’s digital era, the competition in various industries including sports industry is growing at an unprecedented rate and enterprises are continuously striving to find solutions that could allow them in enhancing productivity. The sports league software helps organizers and club/league owners in automating their administrative work related to various sports event organization, managing players, and scheduling/registration purposes, among others. The software offers a user friendly interactive interface and helps in advanced game management, thus allows organizations to save time, increase funds, and reduce human errors. All the benefits offered by sports league software enable the digital transformation among sports clubs, leagues, and other governing bodies. Various factors such as positive growth outlook of global sports industry, growing women sports, esports, technology adoption, and 5G & cloud-based solutions are propelling the demand for sports league software globally.
The growing digital transformation trend in sports industry and increasing number of sports clubs and leagues worldwide are the key factors fueling the growth of the global sports league software market. However, lack of awareness and availability of free software solutions may hamper the growth of the market. Despite some limitations, the rising adoption of sports league software among SMEs and advent of 5G and cloud technology in global sports industry are anticipated to drive the growth of sports league software market during the forecast period.
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