Sports Market 2023 - By Size, Share Analysis, Growth Trends And Forecast To 2032

As per The Business Research Company's Sports Opportunities And Strategies Market Report 2023, The global sports market reached a value of nearly $388.3 billion in 2020, having increased at a compound annual growth rate (CAGR) of 3.4% since 2015. The market declined from $458.8 billion in 2019 to $388.3 billion in 2020 at a rate of -15.4%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The sports market is expected to reach $599.9 billion by 2025, and $826.0 billion by 2030

Rising penetration of mobile, tablet and other electronics and the emergence of affordable Internet in developing countries are expected to drive the sports market in the forecast period. Increased sales of Internet accessible electronic devices such as smartphones and tablets lead to an increase in online viewership of sports content. For example, Hotstar, a video streaming platform of Star India, is the official broadcaster of the Indian Premier League (IPL), has a majority of mobile device-based users, and registered growth of 74% in viewership during 2019 compared to 2018. The same trend is expected to further rise in future IPL seasons, driving the revenues of the sports market.

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Sports organizers and race organizers are implementing mobile ticketing to provide hassle free ticket purchase experience. Mobile ticketing is the process where customers can buy and validate the tickets using mobile phones. Event organizer's production and distribution costs associated with traditional paper-based ticketing channels are eliminated with the implementation of mobile ticketing. Apart from this, the data exchanged digitally through ticket transactions enables sports organizers to learn more about fans and generate insights to formulate marketing strategies. FC Barcelona, a Spanish professional football club, has implemented mobile ticketing and eliminated paper tickets by introducing a new system that allows fans to scan a bar-code on their phones to gain access to matches. Pocono Raceway has launched a mobile ticket delivery system that allows fans to have their tickets delivered to their mobile devices and have their tickets scanned at the sports venue directly from their mobile devices.

The top opportunities in the algorithmic trading market segmented by type will arise in the stock markets segment, which will gain $4,567.1 million of global annual sales by 2027. The top opportunities in the algorithmic trading market segmented by component will arise in the solution segment, which will gain $8,941.7 million of global annual sales by 2027. The top opportunities in the algorithmic trading market segmented by function will arise in the programming segment, which will gain $5,109.1 million of global annual sales by 2027. The top opportunities in the algorithmic trading market segmented by type of traders will arise in the institutional investors segment, which will gain $6,172.3 million of global annual sales by 2027. The algorithmic trading market size will gain the most in the USA at $4,325.9 million.

Sports Market Segmentation:
The Sports market is segmented by type, by revenue source and by geography.
• By Type -Spectator Sports,Participatory Sports
• By Revenue Source -Tickets,Media Rights,Sponsorship,Merchandising
• By Geography - North America was the largest region in the global sports market

Major players in the Sports market include
Maruhan,Dallas Cowboys,New York Yankees,Manchester United Football Club,Futbol Club

The regions covered in the global Sports market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Sports Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Sports Market Report Table Of Content

1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction And Market Characteristics
..............................................
24. Key Mergers And Acquisitions
25. Market Background: Recreation Market
26. Opportunities And Strategies
27. Sports Market, Conclusions And Recommendations
28. Appendix

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