Sports Technology Market Research Report by Key Companies, consists of sales, Identify growth Size, Future Trend, Pipeline Projects, Product, Application, Growth and Regional Forecasts

Sports Technology Market

According to the most recent analysis by Emergen Research, the size of the worldwide sports technology market is anticipated to reach USD 40.22 billion by 2028 and show a strong double-digit CAGR throughout the projected period. The market’s steady expansion may be ascribed to the sports industry’s growing use of new technologies including big data analytics, artificial intelligence (AI), cloud services, wearables, and drones. The 2018 FIFA World Cup in Russia saw the first use of Video Assistant Referees (VAR), which started a trend that is a major driver of the use of sports technology in the international sports sector.

In order to evaluate a play, the VAR system might speak with the referee on the soccer field from a video control centre. The VAR system’s increased accuracy is what is causing the sports sector to adopt it. Another major element influencing the adoption of sports technology solutions at the moment is the growing demand for safer, more profitable, and more equitable games and competitions. Another important element influencing the development of smart technologies in the sports business is the growing desire of franchises to take advantage of mobile technology to enhance the viewing experience for fans in their homes and for spectators in stands at stadiums.

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Some Key Highlights in the Report

The 2019 FIFA Women’s World Cup France event’s production was transformed in June 2019 as a result of a collaboration between IBM and FOX Sports. Live streaming and the use of artificial intelligence analysis during the game changed how the event was produced.

Due to the increasing usage of cutting-edge technologies like artificial intelligence (AI), big data analytics, cloud services, drones, and wearables, the soccer segment accounted for the greatest revenue share in 2020.

Revenue in the devices segment is anticipated to grow at a quick CAGR over the forecast period. Wearable device demand is increasing as a result of the advantages they offer, such as the prevention of workout injuries, player safety assessment tools, and measurements of physical conditioning and performance.

IBM, Ericsson, Cisco, Fujitsu, SAP SE, Oracle, NEC Corp., LG, Sharp Corporation, and Samsung are significant market participants.

Emergen Research has segmented the global sports technology market on the basis of sports, technology, and region:

Sports Outlook (Revenue, USD Billion; 2021–2028)

  • Baseball
  • Soccer
  • Basketball
  • Cricket
  • Tennis
  • American Football/Rugby
  • Others

Technology Outlook (Revenue, USD Billion; 2021–2028)

  • Esports
  • Device
  • Smart Stadium
  • Sports Analytics

Regional Outlook (Revenue, USD Billion; 2021–2028)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. U.K.
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. BENELUX
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Rest of MEA

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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