New study reports ” Sports Technology Market 2021-2030 Business Opportunity Report, Future Scenarios and Analysis” has been added. In terms of revenue, the global sports technology market was US $ 9,695.3 million in 2020 and is expected to reach US $ 51,689.7 million. by 2030, with a CAGR of 20.4% during the forecast period. At present, the market is strengthening its presence and some of the key players in the study are ARRI AG., Robert Bosch GmbH 2020, Cisco Systems, Inc., CJ.NET., FUJITSU, IBM Corporation, Intel Corporation, Modern Times Group MTG, NCR Corporation., NEC Corporation, Panasonic Corporation, SAMSUNG, SKIDATA AG, Sony and Telefonaktiebolaget LM Ericsson, among others. The study is a perfect blend of qualitative and quantitative market data collected and validated primarily through primary data and secondary sources.
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In addition to the most recent and promising future market trends, the Sports Technology Market report involves the in-depth investigation of the key factors that may facilitate or limit the expansion of the Global Sports Technology Market during the period. forecast. The report also uses SWOT analysis and other methodologies to analyze numerous segments of the global Sports Technology market. It also consists of a valuable understanding of segments such as growth potential, market share and development. It also assesses the market on the basis of key geographic regions [Latin America, North America, Asia Pacific, Middle East & East Africa, Europe]. The report comprises quantitative and qualitative aspects of the market related to each country and region involved.
The Sports Technology Market report also presents the calculated estimated CAGR of the estimated market on the basis of existing and previous records for the global Sports Technology market. The report analyzes the market with the aim of obtaining a clear picture of the current and expected growth patterns of the market. It also involves the impact of numerous federal policies and rules on the growth and dynamics of the market during the forecast period. In-depth analyst assessment helps you understand the global market and related industries. Additionally, the report includes a variety of tactics to uncover weaknesses, opportunities, risks, and strengths that may affect the expansion of the global market.
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This comprehensive report provides:
- Improve strategic decision making
- Support for research, presentation and business plan
- Show emerging market opportunities to focus on
- Improved industry knowledge
- It provides the latest information on important market developments.
- Develop an informed growth strategy.
- Build technical knowledge
- Description of trends to be exploited
- Strengthen the analysis of competitors
- By providing risk analysis, you can avoid the pitfalls that other businesses can create.
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The increase in the number of various sports category leagues across the world as well as the increase in income of established sports leagues including National Football League (NFL), Major League Baseball (MLB), English Premier League (EPL), among others, are increasing the use of technology in sports and increasing the size of the global sports technology market. Thus, the increase in the number of sports events in different geographies has widened the possibility for sports technology companies to implement advanced sports technologies to enrich the fan experience and attract more spectators by managing the whole. exquisite entertainment as well as impeccable on-site facilities.
A sports technology company helps sports organizers by providing event security management services to prevent untoward incidents. For example, the German multinational technology company Robert Bosch GmbH offers safety products for the security of sports stadiums. Bosch closely monitors high-quality CCTV from every corner of a stadium to give updates to security personnel. These video technologies also help the nearest security personnel, equipped with a mobile app, to transmit the exact location of the incident and get the situation under control in the shortest possible time.
These sports video surveillance technologies also assist venue organizers in many venue management operations, including directing athletes or spectators to the nearest parking space when entering a stadium, to provide the queues for the venue. shortest wait times when entering the stadium, the closest and least crowded food stalls, the closest bathrooms and ATMs. , and after the game the nearest exit door with a minimum number of people. These sports technologies allow motion detectors and access control systems to identify heating locations and control the temperature at the required location.
These security solutions make the event more exciting, by playing concert-quality music and streaming their footage live on large screens increasing crowd participation. The stadium and public safety solution in the global sports technology market was valued at US $ 365.5 million in 2018 and is expected to grow at a CAGR of 18.7% by the end of the forecast period.
With the increase in the penetration of wearable technology in the sports industry, there is an increase in the sales of wearable sports devices across the world. Sportswear including Fitbit, Zepp Play, Lumo Run, Optimeye, PlayerTek, Viper POD, Adidas MiCoach, among others, are gaining popularity among professional and amateur sports personnel. A portable device consists of the following electronic components such as sensors, microcontroller, accelerometer, gyroscopes, magnetometers, global positioning system (GPS), heart rate sensors, pedometers, pressure sensors, among others. Usually, wearable devices measure body temperature, heart rate, etc. and provide this information to the consumer.
Two of the most advanced wearable technologies include heart rate monitor and GPS. In general, portable devices are worn by a sports professional on the wrist, lower back, back, among others. The majority of wearable devices in use around the world are worn on the wrist. Portable devices such as Zepp Play are used in a variety of sports including football, baseball, golf, and tennis. In a Zepp game, a football player inserts the sensor into the back pocket of a calf sleeve of their dominant leg. The Zepp Play football sensor which is connected wirelessly via Bluetooth is used to capture football statistics which can be viewed on a mobile device. Hence, the increasing penetration of sports technology devices in contact sports including football is increasing the demand in the global sports technology market.
The report also includes the sports technology market trends at global, regional and country level, Porter’s five forces analysis, value chain analysis of the global sports technology market from raw material suppliers, manufacturers. up to distribution channel, key market indicators, global market outlook, export import data, sports technology brand analysis by country as well as consumer behavior in each country, macroeconomic and micro factors -economic impact on the global sports technology market. The report also includes market attractiveness analysis in terms of market opportunity analysis and CAGR (compound annual growth rate) at country, regional and global level.
Global Sports Technology Market Segments:
Sports Technology Market: By Technology
- Safety and security systems
- Digital display
- Software and solutions
- Digital content management
Sports Technology Market: By Digital Content
- Stadium and public safety
- Event management
- Network management
- Crowd management
- Crowd management
- Video analysis
- Interpretation and analysis of data
- Ticket management
- Analysis of ticketing management
Sports Technology Market: By Sports Type
- To swim
Sports Technology Market: By Region
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
The sports technology market research provides answers to the following key questions:
- What is the projected size of the sports technology market by 2030?
- What will the normal share of the industry as a whole be for years to come?
- What are the major components and restraints in the development of the global sports technology market across various geographies?
- Who are the major vendors expected to lead the sports technology market for the assessment period 2021 to 2030?
- What are the moving and upcoming advancements expected to influence the advancement of the global sports technology market?
- What are the development techniques received by major market sellers to stay ahead of the curve?
Global Sports Technology Market: Report Highlights
- Detailed market overview
- Changing market dynamics
- Market segmentation
- Regional market landscape
- Market assessment based on present and past data collected
- Historical, current and projected market in terms of volume and value
- Recent market trends and developments
- Competitive landscape
- Strategies adopted by key players and products proposed by them
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