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Global Sports Management Software Market to Reach USD 17.5 Billion by 2030; High-speed Digital Transformation to Drive the Market | Markets N Research

03-09-2023 05:05 PM CET | Sports

Press release from: Markets N Research

Global Sports Management Software Market to Reach USD 17.5

The global sports management software market is expected to exhibit strong growth, reaching USD 17.5 billion by 2030. As per the report titled "Sports management software Market Size, Share & COVID-19 Impact Analysis, By Component (Software and Services), Deployment Model (On-premise and Cloud), By Application (Team Management, Marketing Management, Client Management, Event Management and Scheduling Other), and Regional Forecasts, 2023-2030" observes that the market size in 2022 stood at USD 6.5 billion and USD 17.5 billion in 2030. The market is expected to exhibit a CAGR of 15.20% during the forecast period.

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TeamSnap Announced The Debut Of Their All-In-One Multi-Program Management Solution

In April 2022, the all-in-one multi-program administration system for youth sports groups has been launched, according to a statement from TeamSnap. With the new system, clubs and leagues can register players and benefit from brand-new tools for team management and scheduling.
High-Speed Digital Transformation Is Driving Market Expansion

Sports facilities, clubs, and local stadiums are all in high demand for sports management software due to the digital revolution. Additionally, the sector is growing due to the increased usage of digital technology in sports to speed up play and increase fan involvement. The key driver of the market's growth is the use of cloud-based services. Additionally, it is anticipated that an increase in the adoption of software-based services and the need for unfiltered fan involvement would help the market's overall expansion.

Impact of COVID-19 to Limit Market Growth

The COVID-19 outbreak had a significant impact on the market for sports management software. The COVID -19 epidemic greatly hindered fans' ability to watch live sporting events in 2020, disrupting sports in general. The cancellation of numerous competitions and sporting events has hurt the global economy. A scalable hybrid cloud was used to support the need for engaging technology simultaneously driven by the outbreak. However, demand is anticipated to increase with a long-term kink. Due to the cancellation of many sports events, consumer shifts, and actions that significantly impacted the sector, the lockdown hurt markets worldwide.

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Recent Development:

July 2022: B.B. Abbott, the creator of Jet Sports, was hired by global sports, music, and entertainment company Wasserman as executive vice president and managing executive when Jet Sports Management was acquired. The expansion of Wasserman Agency's MLB business is its primary goal with this acquisition.

List of Key Players Profiled in the Report

NBC Sports Group
Oracle Corporation
Jonas Club Software
Active Network
Stack Sports
League App
Jersey Watch

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