Global Sports Technology Market 2024-2028
The sports technology market is forecasted to grow by USD 37.85 bn during 2023-2028, accelerating at a CAGR of 23.96% during the forecast period. The report on the sports technology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising number of sports technology events, increasing emphasis on iot, and increased demand for wearable devices and fitness trackers.
Technavio's sports technology market is segmented as below:
By End-user
- Sports association
- Clubs
- leagues
By Technology
- Artificial intelligence/machine learning
- Internet of Things (IoT)
- Augmented reality/virtual reality
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the increasing incorporation of smart stadiums and venue technologies as one of the prime reasons driving the sports technology market growth during the next few years. Also, advent of visual technologies for sports and growing adoption of ai and ml will lead to sizable demand in the market.
The report on the sports technology market covers the following areas:
- Sports technology market sizing
- Sports technology market forecast
- Sports technology market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sports technology market vendors that include Active Network LLC, Agile Sports Technologies Inc., Athlete Intelligence, CAM Solutions Ltd., Catapult Group International Ltd., Chetu Inc., Cisco Systems Inc., Epicor Software Corp., Garmin Ltd., International Business Machines Corp., Jonas Club Software, Kinexon GmbH, Orreco, PlaySight Interactive Ltd., Salesforce Inc., Samsung Electronics Co. Ltd., SAP SE, SPay Inc., Sportradar Group AG, Upper Hand Inc., and Stats Perform group of companies. Also, the sports technology market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.