The global sports technology market size was valued at USD 117 billion in 2020 and is expected to record an average annual growth rate (CAGR) of 16% from 2021 to 2027. Data analytics, along with increasing adoption of emerging technologies such as the Internet of Things (IoT) and social media integration across a variety of sports, are expected to drive the market over the forecast period. Along with the digital transformation of the stadium, a strong emphasis on audience engagement and entertainment activities is expected to drive the demand for technology-based services in the sports sector. The industry is experiencing a paradigm shift as investments from various organizations increase in adopting the latest technologies to monitor player performance and engage fans.
A full report of Sports Technology Market available at https://www.orionmarketreports.com/sports-technology-market/7060/
The major players covered in the sports technology market report areIBM Corporation, Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., FUJITSU, SAP SE, Oracle, LG Electronics., SAMSUNG, Fitbit, Inc., Apple Inc., Garmin Ltd., Sony India Private Limited., Panasonic Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Sports Technology Market – Segmentation
- Smart Stadium
- Sports Analytics
- Ice Hockey
- American Football/Rugby
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
The report covers the following objectives:
- Proliferation and maturation of trade in the Sports Technology Market.
- The market share of the Sports Technology Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Sports Technology Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Sports Technology Market.
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Sports Technology Market Report
- What was the Sports Technology Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Sports Technology Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
- Which manufacturer/vendor/players in the Sports Technology Market was the market leader in 2018?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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