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Sports Coaching Platforms Global Market Trends 2024: Digital Training and Innovation
Sports Coaching Platforms Market Industry
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According to The Business Research Company's, The sports coaching platforms market size has grown exponentially in recent years. It will grow from $0.29 billion in 2023 to $0.35 billion in 2024 at a compound annual growth rate (CAGR) of 20.8%. The growth in the historic period can be attributed to rise in sports participation, individualized training programs, globalization of sports, athlete performance monitoring, youth sports development.
The sports coaching platforms market size is expected to see rapid growth in the next few years. It will grow to $0.72 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%. The growth in the forecast period can be attributed to remote and online coaching, data analytics integration, athlete mental health focus, expansion of e-sports coaching, technological integration for engagement. Major trends in the forecast period include collaborative and social learning features, focus on mental health and well-being, remote coaching and virtual training sessions, gamification of training programs, subscription-based coaching models.
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Market Drivers and Trends:
The increasing number of internet users is expected to propel the growth of the sports coaching platforms market going forward. Internet users are individuals who access the internet from any location. The expanding number of internet users gives evolving tools for coaching players and employing technology in coaching approaches allows instructors to communicate information to players in a manner they are familiar with and understand. For instance, in January 2023, according to DataReportal, a Singapore-based online reference library, 5.16 billion individuals are using the internet worldwide, or 64.4% of the world's population. The number of internet users also continues to increase from 5,060 million in 2022 to 3,158 million in 2023. Therefore, increasing internet users are driving the growth of the sports coaching platforms market.
Product innovations are a key trend gaining popularity in the sports coaching platforms market. Major companies operating in the sports coaching platforms market are advancing toward introducing next-generation platforms and technology for the sports coaching platforms market. For instance, in November 2022, Sportsession.Com, a UK-based sports coach booking platform, launched a platform to transform access to sports coaching in the UK. It is accessible all around the UK and gives users access to more than 1,400 coaches in 64 different sports. The platform has the potential to alter how corporations support their employees through sporting and wellness activity offerings.
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Major Key Players of the Market:
TrackMan A/S, TeamSnap Inc., Firstbeat Technologies Oy, EDGE10 Group, Uplift Labs Inc., PlaySight Interactive Ltd., Fusion Sport Pty. Ltd., Sportlyzer LLC, FieldLevel Inc., CoachLogix, Coach Logic, Sports Performance Systems Pty Ltd., AMP Sports, Athletic Logic, Coach Me Plus, Coach's Eye, Grabba International Pty. Ltd., iGamePlanner Ltd., Sideline Sports, Siliconcoach, SoccerLAB, TopSportsLab NV, SyncStrength, MotionPro Sports Inc., Metrica Sports Ltd., Joga Bonito Sports Company, CoachNow Inc., Agile Sports Technologies Inc. Sports Visio, Coach Up Inc.
Sports Coaching Platforms Market 2024 Key Insights:
• The sports coaching platforms market size is expected to see rapid growth in the next few years. It will grow to $0.72 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%.
• The Influence Of Rising Internet Users On The Sports Coaching Platforms Market
• Innovative Platforms Shaping The Future Of Athletic Training
• North America was the largest region in the sports coaching platforms market in 2023
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