Thursday 23 April 2020

Sports Technology Market Size, Share, Industry Growth, Trends, Analysis, Outlook, Report And Forecast 2020-2025

According to a new report by EMR titled, ‘Global Sports Technology Market Report and Forecast 2020-2025’, the global sports technology market size was valued at USD 9.3 billion in 2019. The market is further expected to grow at a CAGR of 19.23% in the forecast period of 2020-2025 to reach USD 26.7 billion by 2025.
Competitive Landscape & Supplier Analysis:
  1. IBM [NYSE: IBM]
  2. Telefonaktiebolaget LM Ericsson (STO: ERIC-B)
  3. Cisco (NASDAQ: CSCO)
  4. Fujitsu (TYO: 6702)
  5. SAP SE (SAP SE)
  6. Oracle (NYSE: ORCL)
  7. NEC Corporation (TYO: 6701)
  8. LG Electronics [LG Corp]
  9. Samsung (KRX: 005930)
  10. Fitbit, Inc.(NYSE: FIT)
  11. Apple
  12. Garmin Ltd.
  13. Sony Corporation
  14. Panasonic Corporation
  15. Others
Request a Free Sample Report With Table Of Contents:https://www.expertmarketresearch.com/request?type=report&flag=H&id=1062
North America is a significant regional sports technology market owing to the large-scale adoption of technology and enhancing living standards within the region. Further, the rising demand for relaxing sports viewing experience, growing BYOD popularity, and improving social media integration with stadium technologies are aiding the industry growth within the region. The Asia Pacific region is expected to witness a robust growth in the forecast period due to the internet and cloud technology penetration, digitalisation of sports, and the emergence of professional leagues.
Read Full Report Description with Table of Contents:https://www.expertmarketresearch.com/reports/sports-technology-market
IBM (NYSE: IBM) and Telefonaktiebolaget LM Ericsson (STO: ERIC-B) are the key players in the global sports technology market. In June 2019, IBM, along with All England Lawn Tennis Club (AELTC), announced the continuation of the pledge of their partnership to leverage disruptive innovation in the sports industry in order to elevate and differentiate the famous traditional tennis tournament. The announcement of multiple innovations for The Championships 2019 across Cloud and AI aims to maximise the opportunities presented by IBM’s core strategic capabilities. IBM and AELTC, the 30-year-old partners, maintain the importance of challenging the status quo through the help of technology.
Market Analysis by Sports Type:
  1. Indoor Sports
  2. Outdoor Sports
The sports technology market is bifurcated on the basis of sport type into indoor sports and outdoor sports.
Market Analysis by Technology:
  1. Artificial Intelligence/Machine Learning (AI/ML)
  2. Internet of Things (IoT)
  3. Augmented Reality/Virtual Reality (AR/VR)
By technology, the sports technology market is divided into artificial intelligence/machine learning (AI/ML), Internet of Things (IoT), and augmented reality/virtual reality (AR/VR).
Market Analysis by Sports:
  1. Soccer
  2. Baseball
  3. Basketball
  4. Ice Hockey
  5. American Football/Rugby
  6. Tennis
  7. Cricket
  8. Golf
  9. Esports
  10. Others
The market is divided on the basis of sports into soccer, baseball, basketball, ice hockey, American football/rugby, tennis, cricket, golf, and esports, among others.
Market Analysis by Components:
  1. Software
  2. Wearable Devices & Sports Equipment
  3. Services
On the basis of components, the sports technology market is divided into software, wearable devices and sports equipment, and services.
Market Analysis by Application:
  1. Tracking
  2. Decision Making
  3. Analytics and Statistics
  4. Tactics and Simulation
  5. Training
  6. Game Performance Analysis
  7. Team Analysis & Management
  8. Injury and Health Analysis
On the basis of application, the sports industry is divided into tracking, decision making, analytics and statistics, tactics and simulation, training, game performance analysis, team analysis and management, and injury and health analysis.
Market Analysis by End Use:
  1. Coaches
  2. Clubs
  3. Leagues
  4. Sports Associations
  5. Others
The market is divided on the basis of end use into coaches, clubs, leagues, and sports associations, among others.
Market Analysis by Region:
  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East & Africa
Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings of The Report:
  1. The global sports technology market is driven by the enhanced audience engagement and rising sports events, both online and offline.
  2. The growing demand for data-driven decisions and operations is boosting the sports industry growth.
  3. The market is further aided by the penetration of internet and cloud technology, professional leagues emergence, and the digitalisation of sports.
  4. The increasing internet adoption, constant growth in social media analytics, cloud computing, smart devices, and Internet-of-Things are accelerating the market growth.
  5. Multiple wearables technology companies are focusing on delivering new and insightful data points and automating data analysis, thus, propelling the market further.
Key Offerings of the Report:
  1. The EMR report gives an outlook of the global sports technology industry for the periods (2015-2019) and (2020-2025).
  2. The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the sports type, technology, sports, components, application, end use, and regional markets of sports technology.
  3. It gives an in-depth look into the regional price trends in the global sports technology market for the periods (2015-2019) and (2020-2025).
  4. It analyses the market dynamics by looking into the key demand and price indicators, aw sell as assessing the market based on the SWOT and Porter’s Five Forces models.
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About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally
At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture
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