Sports Technology Market is expected to register Significant CAGR of 14.7%: Know about Basic Influencing Factors by Targeting on Top Companies like Accenture, Catapult Group International Ltd, Chetu Inc., Firstbeat Technologies Ltd, IBM Corporation

A new report titled “Sports Technology Market Estimated to Grow at a CAGR of 14.7 % during Forecast Period 2019-2027” has been included in the enormous research repository of Market Research Reports Search Engine (MRRSE) that compiles various facets of the Sports Technology market at a global level portraying a holistic analysis of the marketplace along with intelligence on key participants. The report covers an unbiased analysis on various market aspects, emphasizing major trends giving direction to the market, key opportunities paving new growth avenues, key drivers pushing the market’s growth and challenges and restraints hindering the market for Sports Technology across the globe.

The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that influence the current nature and future status of this market, regulations and policies, ecosystem analysis, PESTEL analysis and Porter’s five force analysis. Further, key trend analysis included in the report highlights technological developments and their impact considerations. Adoption analysis of sports technology has been provided to offer a thorough understanding of the overall scenario in the sports technology market. The report also provides an overview of various strategies adopted by key players in the market. 

Sports technology has been significantly adopted in outdoor sports activities such as cricket, football, soccer, rugby, etc. The games are contributing significantly in terms of revenue to the sports technology market. Moreover, indoor sports activities are also contributing prominently to the market due to an increase in the adoption of sports technology in games such as badminton, chess, swimming, etc. Currently, the adoption of sports technology is lower in indood sports compared to outdoor sports. However, it is expected to increase in the near future. A rise in the adoption of wearable devices by athletes across regions is expected to drive the sport technology market. The clubs segment is expected to account for a significant share of the sport technology market over the forecast period.

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The global sport technology market was valued at US$ 27,589.5 Mn in 2018. It is expected to expand at a CAGR of 14.7% during the forecast period.

The report segments the market based on component, sports, application, end-user, and geography. In terms of component, the market has been classified into software, wearable devices & sports equipment, and services. The software segment has been sub-segmented into on-premise and cloud. The services segment has been further bifurcated into training & implementation, support & maintenance, managed/outsourced services. Based on application, the market has been categorized into active and passive sports. Further, the active sports segment has been sub-segmented into tracking and decision making. The passive sports segment has been further divided into analytics and statistics, tactics and simulation, training, game performance analysis, team analysis & management, injury, and health analysis. In terms of sport, the market has been classified into baseball, basketball, cricket, cycling, football, golf, rugby, and others (swimming, badminton, tennis, and athletics). Based on end-user, the sports technology market has been classified into coaches, clubs, leagues, sports associations, and others (athletes & sports person).

In terms of geography, the market has been segmented into Asia Pacific, Europe, North America, South America, and Middle East & Africa. The report provides in-depth segment analysis of the global sports technology market, thereby providing valuable insights at the macro as well as micro levels. Additionally, the report highlights competitive scenario and trends in the sports technology market such as concentration rates, mergers & acquisitions, and expansions undertaken by companies. 

The report also highlights the competitive landscape of the global sports technology market, positioning all major players according to their presence in different regions of the world and recent key developments initiated by them in the market. The comprehensive sports technology market estimates are a result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, and technological factors along with the current market dynamics affecting the sports technology market growth. 

The report provides all the essential information required to understand the key developments in the sports technology market and growth trends of each segment and region. It includes basic overview, revenue, and strategy and developments under the company profile section. Also, the report provides insights related to trends and their impact on the market. Furthermore, Porter’s five forces analysis explains the five forces, namely buyer’s bargaining power, supplier’s bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the sports technology market. 

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The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, construction projects by region & end use industry, and industry white papers have been referred. 

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the sports technology market across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offer first-hand information on important factors such as market trends, market size, competitive landscape, growth trends, outlook, etc.. These factors help validate and strengthen secondary research findings and also help develop the analysis team’s expertise and market understanding. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel. 

Global Sports Technology Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global sports technology market. Some of the key players profiled in the report include Accenture, Catapult Group International Ltd, Chetu Inc., Firstbeat Technologies Ltd, IBM Corporation, Kinexon Precision Technologies Gmb Krossover Intelligence Inc, Opta, Oracle Corporation, Orreco, SAP SESAS Institute Inc, SportRadar, Stats LLC, and Tableau Software Inc. 

The global sports technology market is segmented as below: 

Global Sports Technology Market, by Component

Software

On-premise

Cloud

Wearable Devices & Sports Equipment

Services

Training & Implementation

Support & Maintenance

Managed/Outsourced Services 

Global Sports Technology Market, by Application

Active

Tracking

Decision Making

Passive

Analytics and Statistics

Tactics and Simulation

Training

Game Performance Analysis

Team Analysis & Management

Injury and Health Analysis

Global Sports Technology Market, by Sports

Baseball

Basketball

Cricket

Cycling

Football

Golf

Rugby

Others (Swimming, Badminton, Tennis, Athletics)

Global Sports Technology Market, by End-user

Coaches

Clubs

Leagues

Sports Associations

Others (Athletes & Sports Person)

Global Sports Technology Market, by Geography

North America

The U.S.

Canada

Rest of North America

Europe

The U.K

Germany

France

Italy

Rest of Europe

Asia Pacific (APAC)

India

China

Japan

Rest of Asia Pacific

Middle East & Africa (MEA)

GCC

South Africa

Rest of Middle East & Africa

South America

Brazil

Rest of South America

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