PUBLISHER: Value Market Research | PRODUCT CODE: 1342977
PUBLISHER: Value Market Research | PRODUCT CODE: 1342977
The global demand for Sports Technology Market is presumed to reach the market size of nearly USD 82.84 BN by 2030 from USD 21.58 BN in 2022 with a CAGR of 16.2% under the study period 2023 - 2030.
Sports Technology is the method developed to reach human interests or goals related to a specific sport. Technology in sports is a technical means through which athletes attempt to upgrade their training and competitive surroundings to improve their overall athletic performance. Sports technology has numerous advantages, such as it aids in protecting the health of athletes while allowing them to exploit 100% of their potential, enables the viewers to decide more fairly, and ensures sports reach the maximum number of people.
Several factors augment the market growth of sports technology, such as advancements in sports technologies and increasing adoption of social media across several sports. Moreover, the growth will likely flourish through exemplary usage of the IoT (Internet of things) platform and data analytics. Sports organizations are now making better decisions about their teams and commercial operations because of advancements in sports technology. Increasing usage of 5G technology streaming & stadium concepts, fan experiences, augmented reality & content sharing will further drive the sports technology market during the projected period. Additionally, the market is also witnessing significant developments owing to increased expenditure and investments by numerous sports authorities for tracking athletes' performance and engaging viewers.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of sports technology. The growth and trends of sports technology industry provide a holistic approach to this study.
This section of the sports technology market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Sports Technology market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the sports technology market include Apple Inc., Catapult Sports, Cisco Systems, Inc., HCL Technologies Limited, IBM Corporation, Infosys Limited, Modern Times Group (MTG), Oracle Corporation, Panasonic Corporation, SAP SE, Sony Corporation, and Stats LLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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