Sports Tech Market Growing at 18.5% CAGR | Strategic analysis and future scenarios – 2028

0

Emerging research logo

Growing number of smart sports stadiums and increasing adoption of new and more advanced technologies in the sports industry are key factors driving the market

VANCOUVER, BC, CANADA, April 19, 2022 /EINPresswire.com/ — Global sports technology market The research report published by Emergen Research describes in detail the vital aspects of the sports technology market on a global as well as regional level. The report offers a comprehensive assessment of recent technological developments, product advancements, current and emerging trends, key statistical data, forecast estimates, and major companies operating in the market. The report covers the impact of the pandemic on the sports technology industry with a particular focus on the key affected segments of the industry.

The global sports technology market size is expected to reach USD 40.22 billion by 2028 and register a robust double-digit CAGR during the forecast period. The steady growth of the market can be attributed to the increasing adoption of new technologies in the sports industry such as big data analytics, artificial intelligence (AI), cloud services, wearable devices, and drones. The use of Video Assistant Referee (VAR) during the 2018 FIFA World Cup in Russia was the start of the trend, which is another key driver for the deployment of sports technology in the global sports industry. sport. The VAR system operated from a video control room and could communicate with the referee on the football pitch to review a game.

Get a sample report @ https://www.emergenresearch.com/request-sample/542

Greater accuracy of the VAR system is driving its adoption in the sports industry. The growing need for fairer gameplay, safer and potentially more profitable events are other key factors currently driving the adoption of sports technology solutions. Another key factor driving the adoption of smart technologies in the sports industry.

The research study presents an industry-wide summary of the Sports Technology Market including drivers, restraints, technological advancements, product developments, limitations, growth strategies, prospects for growth, etc., among others. The Global Sports Technology Research Report is an investigative study of the market that offers key statistical data regarding market size, market share, revenue growth, and CAGR over the forecast period 2021-2028.

The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate agreements, among others. The report further offers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.

Companies Featured in Global Sports Technology Market:

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

Ask for a discount on the report @ https://www.emergenresearch.com/request-discount/542

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

Football

Basketball

locust

Tennis

American football/rugby

Others

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

Esports

Device

smart stadium

Sports analysis

The regional bifurcation of the sports technology market includes:

North America (USA, Canada)

Europe (UK, Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

To learn more about the report @ https://www.emergenresearch.com/industry-report/sports-technology-market

Report Highlights

In June 2019, IBM and FOX Sports partnered to transform the production of the FIFA Women’s World Cup France 2019 event. This helped transform the production of the event by infusing the analysis of artificial intelligence and live streaming during the game.

The soccer segment accounted for the largest share of revenue in 2020, driven by the growing adoption of advanced technologies such as AI, big data analytics, cloud services, drones, and wearable devices.

Devices segment revenue is expected to grow at a rapid CAGR during the forecast period. Benefits offered by wearable devices include injury prevention during training, player safety assessment tool, and fitness and performance metrics, which is driving the demand for wearable devices.
Key questions answered by the report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements in the market?

What are the key strategies adopted by the leading players in the Sports Technology market?

What are the main product types and applications of the sports technology industry?

What is the result of the SWOT analysis and Porter’s five forces analysis?

What is the Competitive Landscape of the Sports Technology Market?

Who are the major players in the industry?

What is the growth rate of the industry in the coming years?

What will be the valuation of the sports technology market by 2028?

Contents

Chapter 1. Methodology and sources

Chapter 2. Executive Summary

Chapter 3. Key Information

Chapter 4. Sports Technology Market Segmentation and Impact Analysis

Chapter 5. Sports Technology Market by Sports Insights and Trends, Revenue (USD Billion)

Chapter 6. Sports Technology Market by Process Insights & Trends Revenue (USD Billion)

Chapter 7. Regional Sports Technology Market Outlook

Chapter 8. Competitive Landscape

Chapter 9. Business Profiles

Request Report Customization @ https://www.emergenresearch.com/request-for-customization/542

Thank you for reading the research report. For more information about custom report and customization plan, please contact us and we will provide you with the well-suited custom report.

Take a look at our other reports:

Pet Food Packaging Market @ https://marketographics.com/pet-food-packaging-market-share-size-global-driving-factors-by-manufacturers-growth-opportunities-regions-type-and-application-revenue-market-forecast-to- 2027/

Artificial Intelligence Systems Spending Market @ https://marketographics.com/healthcare-it-integrationmarket-top-players-size-business-scenario-share-growth-insights-industry-analysis-trends-and-forecasts-report-2027/

8K technology market @ https://marketographics.com/8k-technology-market-top-manufacturers-size-business-scenario-share-growth-insights-industry-analysis-trends-and-forecasts-report-2028/

Extended Reality Market @ https://www.einpresswire.com/article/565666336/extended-reality-market-size-business-scenario-share-growth-insights-industry-analysis-trends-and-forecasts-2035

Logistics Robots Market @ https://www.einpresswire.com/article/565666342/logistics-robots-market-share-types-applications-products-size-growth-insights-and-forecasts-report-2027

Sports Technology Market @ https://www.einpresswire.com/article/565666352/sports-technology-market-research-report-analysis-2021-2028-by-size-share-trends-growth-industry-analysis

Biomimetic Technology Market @ https://marketographics.com/biomimetic-technology-market-share-demand-industry-analysis-growth-applications-types-and-forecasts-report-2027/

Multi-Rotor Drone Market @ https://marketographics.com/multi-rotor-drone-market-research-report-demand-industry-analysis-share-growth-applications-types-and-forecasts-report-2027/

Artificial Intelligence Systems Spending Market @ https://marketographics.com/artificial-intelligence-systems-spending-market-size-demand-scope-share-growth-applications-types-and-forecasts-2028/

Big Data Analytics in the BFSI market @ https://marketographics.com/big-data-analytics-in-bfsi-market-analysis-report-size-share-growth-applications-technology-types-products-and-forecasts-report-2027/

Telepresence Robots Market @ https://marketographics.com/telepresence-robot-market-technology-applications-recent-trends-future-growth-size-share-types-products-high-demand-industry-analysis-and-forecasts-2028/

Smart glass [email protected] https://www.einpresswire.com/article/565492993/smart-glass-market-future-growth-application-industry-analysis-outlook-insights-share-and-forecasts-report-2027

Product Information Management Market @ https://www.einpresswire.com/article/565493811/product-information-management-market-analysis-report-share-growth-demand-research-applications-and-outlook-2028

Industry [email protected] market https://www.einpresswire.com/article/565496817/industry-4-0-market-insights-outlook-industry-analysis-share-trends-applications-types-and-forecasts-2027

Geospatial Analytics Market @ https://www.einpresswire.com/article/565498363/geospatial-analytics-market-global-industry-analysis-size-share-trends-growth-opportunities-and-forecast-2028

3D Printing Software and Services [email protected] https://www.einpresswire.com/article/565499327/3d-printing-software-and-services-market-applications-size-trends-demand-types-technology-and-forecasts-report-2027

About Us:

At Emergen Research, we believe in advancing with technology. We are building a market research and strategy consulting firm with an extensive knowledge base on cutting-edge and potentially market-disrupting technologies that are expected to become more prevalent over the next decade.

Read the full press release @ https://www.emergenresearch.com/press-release/global-sports-technology-market

Eric Lee
Emerging research
+91 90210 91709
[email protected]
Visit us on social media:
Facebook
Twitter
LinkedIn

Share.

Comments are closed.