Sports Technology Market is expected to reach US$ 54.80 Bn. by 2030, as per Maximize Market Research
Sports Technology Market size was valued at US$ 18.59 Bn. in 2023 and is expected to reach US$ 54.80 Bn. by 2030, at a CAGR of 16.7% during a forecast period.Sports Technology Market Overview
data-driven decision-making taking over Sports Technology Market
With the introduction of Artificial Intelligence (AI) and Machine Learning, data-driven decision-making has been implemented in the corporate sector for several years. Machine Learning has enabled companies to establish a centralized framework for utilizing accurate data to facilitate collaborative decision-making, thereby promoting teamwork and effective management.
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AI helping the Sports Technology Market
Throughout the review period, there is an anticipated increase in the demand for the integration of AI and wearable technology in live tracking games and player performances. The combination of artificial intelligence (AI) and sports technology enables the precise and convenient completion of complex tasks.
Technological advancements are creating opportunities for the new players. However the budget constraints may prove to be a restraint on the market.
Europe dominated the Sports Technology Market
Eurpe held a 34% market share in 2023 in the global market. The multiple football leagues, tier-2 and tier-3 football clubs are primary users of this technology. Smart stadium technology is becoming increasingly popular in Europe. The local market is expected to be influenced by the stringent public safety regulations implemented by governing bodies to ensure the well-being of both spectators and stadiums.
Recent News
30 Sept 2024: Genius Sports Announces Appointment of Mark Kropf as Group Chief Technology Officer
21 March 2024: FISU and Bornan Sports Technology boost their digital transformation with a long-term partnership
13 Aug 2024: Paris Olympics highlight AI in sports, boosting Indian tech opportunities
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Sports Technology Market Segmentation
by Technology
Devices
Smart Stadium
Analytics & Statistics
Esports
by Sport
Soccer
Baseball
Basketball
Ice Hockey
Football/Rugby
Tennis
Cricket
Golf
Esports
Others
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Sports Technology Market Key Players
IBM
Ericsson
Cisco
Fujitsu
SAP SE
Oracle
NEC
LG
Sharp
Samsung
Fitbit
Apple
Garmin
Sony
ARRI
Panasonic Corporation
Modern Times Group
Activision Blizzard
Valve Corporation
Tencent
CJ Corporation
Key questions answered in the Sports Technology Market are:
What is driving the growing demand for sports technologies?
What are the latest developments in the sports technology industry?
Which geographical areas are projected to show substantial interest in the sports technology market between 2022 and 2030?
What are the primary sports involved in the sports technology market?
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-sports-technology-market/29807/
Key Offerings:
Past Sports Technology Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Sports Technology Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Sports Technology Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Sports Technology Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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