Global Sports Technology Market report through its research studies helps improve and modify products so that the necessary changes to the future products can be made and more satisfaction is presented to the valuable customers. While formulating this business report, client business competence is understood adeptly to identify tangible growth opportunities. Moreover, strategic model around the growth objective is designed by analysts, with a detailed route-to-market analysis, competencies to be leveraged and developed, as well as any potential pitfalls. The credible Sports Technology Market research report delivers comprehensive analysis of the market structure along with forecast of the diverse segments and sub-segments of the market.
The sports technology market was valued at USD 13.28 billion in 2022 and is expected to reach USD 56.57 billion by 2030, registering a CAGR of 19.9% during the forecast period by 2030. “Sports Analytics” is expected to witness high growth in the technology segments owing to factors such as desire for sports technology is increasing as sports analytics becomes more widely adopted for enhancing sport performance using data. Moreover, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis
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Sports Technology Market Overview:
Sport technology section is primarily concerned with the creation of novel applications and technologies to aid research and the development of intervention strategies to improve athletic performance. Sports technology and data have become a vital aspect of athletic growth and performance in recent years an as the technology and data plays such an important part in improving player development and sporting performances, the income side of sports is also growing.
Outdoor sports such as cricket, football, soccer, and rugby have largely integrated sports technology. In terms of income, games are king in the sports technology business. Furthermore, due to a surge in the usage of sports technology in games such as badminton, chess, and swimming, indoor sports activities are also contributing significantly to the industry. Indoor sports are now adopting sports technology at a slower rate than outdoor sports.
Some of the major players operating in the Sports Technology Market are:
Some of the major players operating in the global sports technology market are:
- Fitbit LLC (U.S.)
- IBM (U.S.)
- Telefonaktiebolaget LM Ericsson (Sweden)
- Cisco Systems, Inc. (U.S.)
- FUJITSU (Japan)
- SAP SE (Germany)
- Oracle (U.S.)
- LG Electronics. (South Korea)
- SAMSUNG (South Korea)
- Apple Inc. (U.S.)
- Garmin Ltd. (U.S.)
- SONY INDIA (India)
- Panasonic Corporation (Japan)
- Catapult (Australia)
- NEC Corporation (Japan)
- SHARP CORPORATION (Japan)
- MODERN TIMES GROUP (Sweden)
- Activision Publishing, Inc. (U.S.)
- Tencent Holdings Ltd. (China)
- CJ CHEILJEDANG CORP. (South Korea)
- HCL Technologies Limited (India)
Sports Technology Market Dynamics
Drivers
Rise in the Adoption of Emerging Technologies
The market is likely to be driven by the increasing adoption of emerging technologies such as the internet of things (IoT) and data analytics, as well as social media integration, across numerous sports will further accelerate the growth of the global sports technology market.
Growing Adoption of Esports Technology
Soccer has had a higher rate of adoption of sports technologies than tennis, golf, and other sports is further anticipated to propel the growth of the global sports technology market.
Growing Investments by Various Organizations
Due to increased investments by numerous organisations in adopting the latest technologies for tracking players' performance and engaging fans, among other activities, the business is undergoing a paradigm shift which will further contribute to the global market growth.
Table of Contents:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Sports Technology Market Landscape
Part 04: Global Sports Technology Market Sizing
Part 05: Global Sports Technology Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
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