Press release
Sports Technology Market worth $40.2 billion by 2026
According to the new market research report "Sports Technology Market with COVID-19 Impact by Technology (Devices, Smart Stadiums, Sports Analytics and eSports), by Sports (Soccer, Baseball, Basketball, Ice Hockey, Rugby, Tennis, Cricket, Golf, eSports) and Geography - Global Forecast to 2026", the global sports technology market was valued at USD 17.9 billion in 2021 and is expected to reach USD 40.2 billion by 2026, at a CAGR of 17.5% between 2021 and 2026. The market growth can be attributed significant improvement in audience engagement, growing demand for data-driven decisions and operations, and increasing sports events, online and offline. Smart stadiums are among the key global trends owing to the increase in the number of sports events being held worldwide. Technological innovations in smart stadiums drive the execution of several projects worldwide. The growth opportunities for the sports technology market are high in Europe and APAC owing to favorable economic and sports environments.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104958738
Smart stadiums is expected to hold largest share of sports technology market during forecast period.
A smart stadium is a venue that uses the latest information and communications technology to enhance visitor experience. The adoption of digital technologies and increased commercialization of stadiums are expected to drive the demand for smart stadiums. This benefits pro leagues and world tournaments as well. Due to COVID-19, the number of spectators admitted to sporting events is very limited. However, this led to strong financial losses for clubs, sports facility operators, ticket sellers, etc. Therefore, there was an increasing demand for smart solutions to bring fans and revenue back while also ensuring safety.
Soccer is expected to be the largest adopter of sports technology during forecast period
The adoption of sports technologies has been higher in soccer than in tennis, golf, and other sports. FIFA is making efforts to establish global wearable standards for use by all soccer teams. The idea is to have all professional teams using the same data-tracking technologies for training their players. Eventually, some of these technologies are expected to be used in live matches to help players and coaches track the performance of teams and individual players. They are also anticipated to open a host of possibilities for broadcasting sports events and allowing fans to view in-depth statistics of players.
Sports technology market in North America to grow at highest CAGR during forecast period
North America is the most advanced region in terms of technology adoption and the largest sports technology market in the world. Several stadium operators, sports teams, players, and event organizers in North America are adopting the latest sports technologies to transform their operations digitally. The growing need for network management and high data consumption during matches and events are forcing event operators to adopt solutions that can efficiently reduce data consumption without hampering spectator experience.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=104958738
IBM (US), Ericsson (Sweden), Cisco (US), Fujitsu (Japan), SAP (Germany), Oracle (US), Catapult Sports (Australia), 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).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sports Technology Market worth $40.2 billion by 2026 here
News-ID: 2285168 • Views: …
More Releases from MarketsandMarkets
Research Antibodies & Reagents Market Worth $16.2 Billion | MarketsandMarkets
Research Antibodies & Reagents Market in terms of revenue was estimated to be worth $11.8 Billion in 2023 and is poised to reach $16.2 Billion by 2028, growing at a CAGR of 6.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The rise in outsourcing is a positive development for the research antibodies and reagents market. By outsourcing the development and production of antibodies and reagents, companies…
Analytical Standards Market worth $2.1 billion by 2028
Analytical Standards Market in terms of revenue was estimated to be worth $1.5 Billion in 2023 and is poised to reach $2.1 Billion by 2028, growing at a CAGR of 6.9% from 2023 to 2028 according to a new report by MarketsandMarkets. Factors such as growth in the applications of analytical techniques in proteomics & metabolomics and the rising public concerns related to optimal food safety & quality are high…
Biopsy Devices Market worth $12.6 billion by 2028
Biopsy Devices Market in terms of revenue was estimated to be worth $6.6 billion in 2023 and is poised to reach $12.6 billion by 2028, growing at a CAGR of 14.0% from 2023 to 2028 according to a new report by MarketsandMarkets. The major factors driving the growth of this market include Progress in medical technology has resulted in the creation of increasingly accurate and less invasive biopsy instruments, thereby…
More Releases for Sports
Sports Tourism Market to Witness Massive Growth| ITC Sports Travel, Sports Tours …
A latest study released by HTF MI on Global Sports Tourism Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Sports Tourism market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging players that are BAC…
Sports Tourism Market 2019 - BAC Sport, Great Atlantic Sports Travel, ITC Sports …
Global Sports Tourism Market 2019-2023:
With the rise in Global Sports Tourism Market, the need for niche Market has grown by a staggering rate. This has resulted in a major push in the Global Sports Tourism Market Industry Market. With Global Sports Tourism Market gaining traction across the globe including the developing Markets of APAC and Africa, many software providers have jumped onto the software bandwagon to develop and provide Global…
Big Boom in Global Sports Tourism Market 2018: BAC Sport, Great Atlantic Sports …
A professional survey done by Report Consultant has formulated a report titled “Global Sports Tourism Market”, which instills a crisp idea of the influential aspects affecting the growth of the market. It gives the new entrants a clear idea of all the business strategies incorporated by the key players, which is helping them regulate their trade success. It serves a reliable business tool helping the reader to understand the global…
Sports Tourism Market Breakdown of Leading Market Player’s 2018-2022: Great At …
ReportsWeb.com has announced the addition of the “Global Sports Tourism Market Size Status and Forecast 2018-2022” The report classifies the global Sports Tourism Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Sports Tourism market, analyzes and researches the Sports Tourism development status and forecast in United States, EU, Japan, China, India and Southeast…
Professional Sports Leagues Dominate U.S. Licensed Sports Merchandise Market By …
"The Report US Licensed Sports Merchandise Market: Trends, Opportunities and Forecasts (2016-2021) (By Segment - Sports Apparel, Sports Footwear, Sports Equipment -Videogames, Sporting goods and Toys; By Leagues - NFL, NBA, MLB, NHL; By Key Players - Competitive Landscape) provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"
MarketResearchReports has announced the addition of a new research report providing an executive-level blueprint…
China Sports Market (Sports Apparel, Sports Footwear, Sports Equipment) & Foreca …
China Sports Market Overview
China sports market is expected to be more than US$ 100 Billion industry by the year 2020. To achieve this impressive growth China sports market is expected to grow with double digit CAGR. In the year 2010 Sports Apparel used to be the biggest market, but by 2015 Sports Equipment has overtaken Sports Apparel market. Company sales are highly fragmented and no single company holds double digit…
