Press release
Sports Technology Market Share, Size, Growth Rate, Trends Analysis And Forecast To 2033
Sports Technology Market
The sports technology market size is expected to see rapid growth in the next few years. It will grow to $38.87 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to development of smart sportswear, enhancements in fan engagement platforms, e-sports infrastructure development, regulatory changes and athlete empowerment, sustainability in sports facilities.. Major trends in the forecast period include biomechanics and motion analysis, digital broadcasting and streaming, robotics in training, social media integration, athlete tracking systems, e-sports and gaming integration..
Market Overview -
Sports technology refers to technologies created by humans to further human interests or goals in or related to a specific sport. Sports technology connects the playing, or use, features of athletic equipment to the guiding principles of product design by combining the best aspects of engineering science, measurement, and analysis, as well as sports science. It supports this by offering up-to-date knowledge of production procedures and materials, enabling enhancements to the functionality and performance of sporting goods.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=9126&type=smp
Rise Of Esports Drives Exponential Growth In The Sports Technology Market
Growing penetration of eSports is significantly contributing to the growth of the sports technology market going forward. Esports refers to video gaming competitions held on an organized platform for spectators to see, mimicking the experience of a professional sporting event. Sports technology is used in Esports for broadcasting video game competitions digitally to a greater number of people by increasing internet speed and connectivity and for achieving better graphics for good spectator experience. For instance, in May 2021, Free Fire World Series (FFWS) Singapore, an eSports event, reached 5.41 million peak viewers, which is a 168% increase compared to the previous FFWS Rio event, which reached 3.9 million peak viewers. Therefore, the growing penetration of eSports will drive the sports technology market.
Competitive Landscape -
Major companies operating in the sports technology market report are Apple Inc., ChyronHego Corporation, Cisco Systems Inc., HCL Technologies Limited, Infosys Limited, Modern Times Group MTG, Oracle, Panasonic Corporation, SAP SE, Sony Corporation, Stats LLC, Telefonaktiebolaget LM Ericsson, Agile Sports Technologies Inc., Athlete Intelligence, Catapult Group International Ltd., Chetu Inc., Epicor Software Corporation, Firstbeat Technologies Oy, International Business Machines Corporation, Jonas Club Software, Genius Sports, VICIS, Stack Sports, Playermaker, Strava, Nextiles, Proteus, ShotTracker, Zebra Technologies, Hawk-Eye Innovations, Sportradar, Kinexon, KINEXON Sports & Media GmbH, PlaySight Interactive, Sparta Science, MyVert, Blast Motion, CoachMePlus, Krossover Intelligence, Hudl, Coach Logic, SPT Sports, Fusion Sport, Kinduct Technologies, Kitman Labs .
Technological Advancements Revolutionize The Sports Technology Market For Enhanced Gameplay And Fan Engagement
Technological advancement is the key trend gaining popularity in the sports technology market. Major companies operating in the sports technology market are focusing on developing new technologies to improve the gameplay, fan engagement and player performance. For instance, in June 2021, HCL Technologies Limited an India-based technology company in collaboration with cricket Australia developed a digital innovation platform that supports data-driven approaches to increase the involvement of cricket players, fans, and partners. Utilizing Azure as a platform sandbox, HCL and CA will work with Microsoft to help participants. This initiative aims to use technology to foster cricket fan unity and enthusiasm. The new platform was designed to make a significant contribution to the sport of cricket and allow Cricket Australia to enhance the on- and off-field performance of the Australian National Team. The HCL - CA TechJam is accessible to all sports fans, data scientists, analysts, developers, statisticians, tech enthusiasts, freelancers, university students, coders, and technology pioneers from the world developer community. Develop prototypes utilising technology to serve the community and turn cricket into a professional multi-touchpoint sport for all Australians with more than 700,000 registered participants.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/sports-technology-global-market-report
Key Segments -
The sports technology market covered in this report is segmented -
1) By Sports Type: Baseball, Basketball, Cricket, Ice Hockey, Tennis, Soccer, Rugby
2) By Technology: Device, Smart Stadium, Esports, Sports Analytics
3) By End-User: Sports Associations, Clubs, Leagues, Athletes, Coaches
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sports Technology Market Share, Size, Growth Rate, Trends Analysis And Forecast To 2033 here
News-ID: 3482076 • Views: …
More Releases from The Business Research Company
Global Light Commercial Vehicle Market Overview Covering Forecast Market Size An …
"The light commercial vehicle market size has grown rapidly in recent years. It will grow from $614.93 billion in 2023 to $676.49 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to industrialization and economic growth, urbanization and infrastructure development, small business and entrepreneurship, evolving consumer preferences.
The light commercial vehicle market size is expected to see…
Hand Dryers Market 2024 Report By Key Companies, Regional Analysis And Forecast …
The hand dryers market size has grown rapidly in recent years. It will grow from $1.97 billion in 2023 to $2.2 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to hygiene and sanitation awareness, environmental concerns, cost savings, government regulations.
The hand dryers market size is expected to see rapid growth in the next few years.…
Fungicides Market Trends, Top Companies, Share, Growth And Forecast 2033
The fungicides market size has grown strongly in recent years. It will grow from $22.83 billion in 2023 to $24.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to crop protection, crop expansion, climate conditions, pesticide resistance management.
The fungicides market size is expected to see strong growth in the next few years. It will grow to…
Interventional Cardiology Devices And Equipment Market Analysis 2024-2033 : Fore …
"The interventional cardiology devices and equipment market size has grown strongly in recent years. It will grow from $14.1 billion in 2023 to $15.48 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to cardiovascular disease prevalence, aging population, patient demand for minimally invasive procedures, clinical guidelines and research.
The interventional cardiology devices and equipment market size is…
More Releases for Sport
Sport Footwear Market To See Stunning Growth | Fila, Under Armour, Lotto Sport
Latest research study from HTF MI on Worldwide Sport Footwear Market provides a comprehensive analysis of the Worldwide Sport Footwear. It includes the primary investigations to cover historical progress, ongoing market scenarios, and future prospects defined with an accurate data of the products, strategies and market shares of leading companies to help manufacturers locate market position. The report presents a 360-degree overview of the competitive scenario of the overall market…
Water Sport Footwear Market is Booming Worldwide | Adidas, ASICS, Fila, Under Ar …
A new business intelligence report released by HTF MI with title "Global Water Sport Footwear Market Research Report 2019" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Water Sport Footwear Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived…
Triathlon Clothing Global Market 2018: Key Players – 2XU, Alii Sport, De Soto, …
Triathlon Clothing Industry
Description
Wiseguyreports.Com Adds “Triathlon Clothing -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2024” To Its Research Database
This report focuses on Triathlon Clothing volume and value at global level, regional level and company level. From a global perspective, this report represents overall Triathlon Clothing market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Triathlon…
Sport Nutrition Market Key Players Adopting Innovative Strategies to Grow In the …
Europe Sports Nutrition Market report, published by Allied Market Research, forecasts that the Europe market is expected to garner $10,429 Million, by 2021. Isotonic (Iso) sports drinks generated the largest market revenue in 2015, owing to higher adoption of these products in the mainstream market.
Rise in obesity, increase in the number of health centers & fitness clubs, pervasiveness of sports culture, and increase in the number of nontraditional users foster…
Success Case Study: Lucozade Sport Fitwater—Enhancing Functional Drink Appeal …
Lucozade Sport Fit water, launched in August 2017, is vying ‘six million fitness lovers’ in the U.K. The fit water contains four electrolytes, namely, magnesium, sodium, calcium and chloride. The design is to woo people who are serious regarding their fitness and the functional drink is without sugar boost. To put things in perspective, lucozade sport fit water helps to attain agility and flexibility. These insights are according to the…
Abbott Nutrition Sport Drink to Aggressively Expand Capacities during Fy16–18 …
Globally, the market for Sport Drink Market has been increasing due to increase in population and disposable income. Today’s generation consumers are fitness conscious and willingness to pay for sports drinks are some of the factors driving the market.
Fragments
the market for global sports drink market is segmented on the basis of ingredient, type, end-user and by age; by ingredient the global sports drink market is segmented as citric acid,…
