Sports Technology Market to reach USD 54.80 Bn at a CAGR of 16.7 percent by 2030, Says Maximize Market Research

May 14 14:58 2024
Sports Technology Market to reach USD 54.80 Bn at a CAGR of 16.7 percent by 2030, Says Maximize Market Research
Sports Technology Market
The Sports Technology Market is witnessing growth given the rise in the consumption of healthy food and the selection of healthy Life choices offered by the food. The Sports Technology Market is segmented into technology and Sport for a better understanding of the market structure.

Maximize Market Research, a leading “Information Technology & Telecommunication” business consultancy and research firm has published a report on the “Sports Technology Market”. The total market opportunity for the Sports Technology Market was USD 18.59 Bn. in 2023 and is expected to grow at a CAGR of 16.7 percent through the forecast period, reaching USD 54.80 Bn. by 2030. As per the report, the global Sports Technology Market is expected to dominate by the North America and region to grow at a significant growth rate during the forecast period.

Market Size in 2021 USD 18.59 Bn.

Market Size in 2029 USD 54.80 Bn.

CAGR 16.7 percent (2024-2030)

Forecast Period 2024-2030

Base Year 2023

Number of Pages 225

No. of Tables 152

No. of Charts and Figures 106

Segment Covered Technology and Sports

Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Sports Technology Market Scope and Research Methodology

Global Sports Technology market reports provide comprehensive overviews sourced from surveys, observations, and meticulous research. These reports are vital resources for key stakeholders, enabling strategic planning and organizational success. They offer detailed insights into industry leaders, including company profiles, revenue streams, product specifications, production capacities/sales, pricing structures, and gross margins. Additionally, through competitive landscape analysis, they provide precise merchant data and insights into factors that impede the growth of leading market players.

Qualitative and quantitative data in Sports Technology market reports are compiled from various research methods, including subject matter expert advice, primary, and secondary research. Primary research involves surveys, questionnaires, industry expert opinions, key opinion leaders (KOLs), customers, and other sources. Regular primary interviews with industry experts enrich the reports with in-depth information, validating existing data analysis.

Sports Technology Market Overview

Technology is now being incorporated into sporting events as well, and sports organizations have adopted new technologies such as sports data analytics, smart stadiums, wearable devices, and digital signage to improve team performance, attract fans, and deploy intelligent infrastructure. The Sports Technology market has experienced remarkable growth and fuelled by growing consumer appreciation for its visual demand and considering incorporating sustainability, the demand for efficiency, and cost-effectiveness in the supply chain. Reports include a detailed assessment of market segments, such as Sport type, Technology, and Regions, providing a view of the market landscape. The Sports Technology market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Sports Technology survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Sports Technology industry.

Sports Technology Market Dynamics

With the increasing sports popularity from mobile apps to robust online platforms, the sports-tech landscape is packed with innovative solutions designed to improve performance, streamline operations, and elevate fan involvement. The expertise of skilled developers, UX/UI designers, and IT professionals create seamless, user-friendly platforms that meet the unique needs of sports betting apps, and online platforms. The global Sports Technology industry’s growth gaining with the help of new developments and innovations, and the market key players are focusing on customer demand.

Sports Technology Market Regional Insights

In European Sports Technology Market is expected to grow over the forecast period

It delves into the unique market trends observed across these regions, offering a comprehensive analysis of the market size and market share for each geographical area. The market growth is driven by the increasing popularity of games such as baseball, and football played in this region are key factors that are expected to fuel the market in the region.

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Sports Technology Market Segmentation

By Technology 

  • Devices
  • Smart Stadium
  • Analytics & Statistics
  • Esports

By Sport              

  • Soccer
  • Baseball
  • Basketball
  • Ice Hockey
  • Football
  • Tennis
  • Cricket
  • Golf
  • Esports
  • Others

Sports Technology Market Key Competitors include:

North America Sports Technology Market Key Players:

  • IBM (US)
  • Ericsson (Sweden)
  • Cisco (US)
  • Intel (US)
  • SAS Institute (US)
  • Oracle (US)

Europe Sports Technology Market Key Players:

  • SAP (Germany)
  • Hawk-Eye Innovations (United Kingdom)

Asia Pacific Sports Technology Market Key Players:

  • Fujitsu (Japan)
  • Huawei (China)
  • NEC Corp. (Japan)
  • Sharp Corp. (Japan)
  • Sony (Japan)
  • Panasonic Corporation (Japan)

Key questions answered in the Sports Technology Market are:

  • What is Sports Technology?
  • What is the current growth rate of the Sports Technology Market?
  • Who are the key players in the Sports Technology Market?
  • What are the factors affecting growth in the Sports Technology Market?
  • Who held the largest market share in Sports Technology Market?
  • What is the demand pattern for the Sports Technology Market?
  • What are the opportunities for the Sports Technology Market?
  • What are the strategies used by competitors in the Sports Technology Market?
  • What are the growth prospects in developing countries for the Sports Technology Market?
  • Which segment is expected to witness the fastest growth and why in the Sports Technology Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018-2022)
  • Past Pricing and price curve by region (2018-2022)
  • Market Size, Share, Size & Forecast by different segment | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Technology, Sports, and Region
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – 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
  • Recommendations

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies. 

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