Sports Technology Market Report: Segment Analysis, Competitive insights, challenges, scope and application (2019-2024)
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The Sports Technology Market is projected to reach USD 31.1 Billion by 2024 from an estimated USD 8.9 Billion in 2018, at a CAGR of 20.63% during the forecast period. This report spread across 214 pages, profiling 21 companies and supported with 64 tables and 54 figures are now available in this research.
#Key Players- IBM (US), Ericsson (Sweden), Cisco (US), Fujitsu (Japan), SAP (Germany), Oracle (US), NEC (Japan), LG (South Korea), Sharp (Japan), Samsung (South Korea), Fitbit (US), Apple (US), Garmin (US), Sony (Japan), Panasonic (Japan), Modern Times Group (Sweden), Activision Blizzard (US), Tencent (China), and CJ Corporation (South Korea).
In recent years, professional sports bodies have adopted new technologies such as sports data analytics, smart stadium, wearable devices, digital signage, and e sports. Smart stadium is one of the major trends worldwide due to the proliferation of sporting events. Technological innovations in the smart stadium market are driving the implementation of several projects worldwide.
Sports analytics plays an important role in the functioning of a sports organization. Till recent past, coaches and experts did sports analysis during practice/training sessions and live matches and tournaments. The advancements in technology have enabled sports organizations to take better decisions about their teams and business operations. It is one of the primary drivers for the sports industry revolution.
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Stadiums are competing with at-home experience. Stadium owners are betting high on investing digital technologies for creating unforgettable experience in stadiums. Their need to increase operational efficiency, achieve sustainability, and handle the changing business dynamics is driving the growing adoption of smart stadium services across all regions.
North America held largest share of the sports technology market in 2018. The wide-scale adoption of technology and a rising standard of living are driving the demand for advanced sports technologies in the region. The demand for comfortable sports viewing experience, growing popularity of BYOD, and increasing social media integration with stadium technologies are some of the factors driving the growth of the sports technology market in North America.
Competitive Landscape of Sports Technology Market:
2 Ranking Analysis of Key Players in Sports Technology Market
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.3 Dynamic Differentiators
3.4 Emerging Companies
4 Competitive Situations and Trends
4.1 Product Launches and Developments
4.2 Partnership/Agreement/Collaboration/Joint Venture/Alliance
4.5 Expansion/ Investment
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