Global Sports Software Market Size to Witness Substantial Growth till 2024

The Global Sports Software Market is estimated to reach USD 10.31 billion by 2024. The market is expected to grow rapidly during the forecast period, as companies in the sports industry are facing a cut-throat competition to host events internationally to boost their profit.

The top industry players including IBM, SAP, Blue Star Sports and Daktronics are using technological advancements to capture the market through providing online registrations and sponsorships used for securing the media rights. The primary drivers for the expansion of the sports software market include the advancement in technology and the huge demand for software that makes the tasks seamless and less time consuming for efficient management of the events.

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The massive investment in sports infrastructure has been increasing for the development of stadiums, clubs, association, complexes and leagues. For instance, the government of Russia allotted USD 10 billion for hosting the FIFA 2018 World Cup. These massive investments in sports industry have been contributing to the growing requirement for automation during the forecast period

Sports software helps organizers to automate their administrative work and manage players by offering a broad range of features such as ease of learning, user-friendly, advanced games management technology. Sport management software saves time, increase funds, and reduces the errors coupled with rising demand for automation is anticipated to boost the growth of the market during the forecast period. The sports software industry is expected to grow at a CAGR of 13.1% from 2017 to 2024.

North America led the sports software market in 2016 with a market share of 55.2% and is expected to continue its dominant trend during the forecast period as well. The demand for this technology has been increasing owing to the rising need to better manage the performance of the industry including clubs, leagues, and association.

In 2016, the cloud-based technology was the largest and is expected to continue its dominance over the next seven years as consumers prefer downloading sports apps through the internet which provides high flexibility to the companies using the cloud model. On the other hand, on-premise technology is expected to grow at a slower pace at a CAGR of over 12% owing to its access to a limited audience.

Every organization tries to capture a large market size by introducing innovative features through technological advancements such as professional football teams using virtual reality as a training method to keep the interaction with all the players, without having them to be on the field. Companies are replacing hard tickets by e-tickets. In August 2015, SAP in collaboration with the Women’s Team Association (WTA) developed an app that uses data to analyze a player’s performance. The major innovations were on-court coaching, player comparison tool, and equestrian analytics tool.

Hexa Research has segmented the global sports software market based on software, end-use and region:

Segmentation by Software, 2014 -2024 (USD Billion)

• Cloud-based

• On-premise

Segmentation by End-Use, 2017 -2024 (USD Billion)

• Coaches

• Clubs

• Leagues

• Sports Associations

Segmentation by Region, 2017 -2024 (USD Billion)

• North America

    • U.S

• Europe

    • Germany

    • UK

• Asia Pacific

    • Australia

    • Japan

    • China

• Rest of the World

    • Brazil

Key Players Analyzed:

• IBM

• SAP

• Vista Equity Partner

• Blue Star Sports

• Daktronics

• EPICOR Software

• Synergy Sport Technology

• EDGE 10

• Upper Hand

• Jonas Club Centre

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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Global B2C E-commerce Market is Predicted to Register Healthy CAGR till 2025

The global B2C E-Commerce Market is projected to expand at a healthy CAGR over the forecast period. The concept of B2C e-commerce evolves around organizations that sell their products and/or services online directly to the end-users. Increasing number of mobile and internet users in the emerging markets is one of the major factors driving the market growth. In addition, rising popularity of mobile commerce (m-commerce) along with advanced payment processing and shipping options is also likely to augment the market expansion. Another factor influencing the demand for B2C e-commerce is the ease of penetration it offers to manufacturers so that they can expand their product offerings into international or untapped markets.

It allows free entry and exit of the customers. The extended visibility that internet provides gives domestic businesses an edge over the market. It helps decrease cost related to establishing physical stores and sales platforms across the world. Other factors that are expected to boost demand for the market are 24/7 self-service shopping, various payment options (payment on delivery and payment through a portal), and easier access to a comprehensive range of products. Changing consumer preferences and increasing standards of living are key social factors that have a positively affected this market.

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Increasing preference toward online shopping rather than visiting conventional brick and mortar stores is further adding pressure on manufacturers to develop an online portal to encourage the sale of their product. Moreover, decreasing costs of developing an online portal, adoption of multichannel retailing, and reduced transaction costs are also some important factors that are projected to drive the market in future. Electronic shopping and mail-order houses, clothing and accessories, office equipment and supplies, furniture and furnishing products, healthcare and cosmetics, books and music, home appliance, motor vehicle and parts dealers, building materials, garden equipment, and other consumer durables are the major end-use applications of the market.

Electronic shopping and mail-order houses segment accounted for the highest share of the market. The segment was driven by computer hardware products and systems. Clothing and accessories, office equipment and supplies, furniture and home furnishings, and appliances are projected to expand at a high CAGR during the forecast period. Services segment further includes information service (publishing, broadcasting, telecommunications, and providing an online information system), administrative support (travel arrangements and other linking services), and professional, scientific, and technical services.

The market can be segmented by strategy and operations into five main categories including direct sellers (e-tailers and manufacturers), online intermediaries (brokers and middlemen), advertising-based models, community-based models (a hybrid of two advertising approaches) and fee-based model (paid subscription and pay-as-you-buy services). Amazon, one of the world’s major companies in the online retailing industry, has divided its operations into, services (cloud computing and storage) and paid content category (app store and digital media), which has made it a leading player in the B2C e-commerce market.

Asia Pacific has been the largest regional market for B2C electronic commerce and this trend is expected to continue over the forecast period due to growing demand from China, India, and Indonesia. The consumption of goods and services offered by B2C e-commerce in China accounts for three-quarter of the production in the Asia Pacific region. The Asia Pacific market for B2C e-commerce is followed by North America, Europe, Latin America, and Middle East & Africa. Countries having the highest market share in this industry are China, Indonesia, India, Argentina, Italy, Canada, Brazil, Mexico, and Russia. Countries, such as Argentina and Japan, will experience a declining trend on account of currency volatility, which will ultimately reduce their spending in market.

Key companies have undertaken strategies such as collaborations and joint ventures to gain considerable market share and expand their product offering and distribution channels. In 2015, China’s leading online platform, JD.com Inc. entered into a joint venture with Otto Groups. The chief objective of this joint venture was to increase international presence in the e-commerce in China and Europe. PT Trikomsel Oke Tbk, a leading distributor and retailer of mobile phones in Indonesia, announced its joint venture with Singapore Post Limited to penetrate further into the regional market. The leading companies include Amazon.com, Inc.; JD.com, Inc.; Wal-Mart Stores, Inc.; eBay, Inc.; Otto Group; Alibaba Group Holding Ltd.; Cnova N.V.; Tesco PLC; and Best Buy Company, Inc.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

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Advertising Market Size, Share and Trends Report, 2025

The global Advertising Market has been on a consistent rise over the recent past, driven by a surge in marketing channels such as TV, radio, billboards, Internet, newspapers, mobile phones, and social networking sites. The primary use of advertising is to make customers aware of the presence of a specific product or service in the market.

Advertising can be on a domestic as well as global scale. A number of leading companies have been promoting their products and services on an international level, the benefits of which can be reaped on a domestic scale. Tourism is the perfect example of this technique. For instance, the Malaysia tourism ministry advertises in the Indian market to attract tourists and visitors.

Every industry benefits from promoting and marketing their offerings, be it telecom, automotive, manufacturing, agriculture, insurance, retail, tourism and hospitality, or real estate. These activities can help them launch new products and service; they can also help bring in new customers and retain existing ones. It also helps create a specific image of the company and its brand.

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Advertising costs money and companies as well as countries are willing to spend in order to make the most of the several advantages it offers. The top spenders in the global industry are U.S., China, Japan, Germany, and U.K. Companies are also big spenders when it comes to marketing and promotions, not just to create a positive image but to expand their customer base.

Television is perhaps the most efficient and impactful medium of advertising, even though it is reportedly one of the most expensive channels. Radio is also prominent medium of promoting one’s products and services. Online advertising is the most recent forms of marketing, which is soon becoming one of the most popular channels as well. Social media marketing is an excellent example of online advertising.

Spending on digital adverts is anticipated to rise at a strong pace over the coming years, further boosting the global market. Industry-wise, banking and financial services are the most prominent end users of this form of marketing, with e-commerce, telecommunications, and travel following suit. Rising expenditure on social media, in addition to adverts on mobile phones via SMSs and in-app ads, has also given this medium a significant boost. Ads on mobile are considered to be creative, to the point, and clear. They are also known to garner better monetization.

Mobile advertisements have significantly contributed to the overall market in recent years, primarily thanks to a sudden growth spurt in the mobile ad market in China. At the pace this segment has been growing, it is expected to surpass television as the most used and most impactful medium over the next three years. With Internet users switching from desktops to mobile devices, online advertisements are witnessing a similar switch.

However, it has also been noted that companies relying solely or mostly on marketing through mobile channels could be restricting their customer base as well as their share in the industry. Research has shown that traditional modes of promoting products and services, such as television ads, are still more effective when it comes to recall. While mobile ads can surely aid brands in achieving short-term performance, they are currently less effective in generating long-term awareness among potential customers. Hence, brands should invest in a balanced technique that optimally utilizes the advantages of traditional as well as new methods of marketing.

Asia Pacific has been a rather lucrative market, driven mainly by China, which is known to be second-largest ad market in the world. India, one of the fastest growing ad markets in Asia, is also a major contributor to APAC’s success in this industry. Some of the most advertised industries in this region are automobile, fast moving consumer goods (FMCG), and e-commerce. In countries like India, even though traditional media such as television and print are still quite popular, spending on digital advertising has been on a consistent rise.

There are certain risks every company faces while marketing its product or services. Overspending on advertising can indirectly hike the price of the product. Confusing, inappropriate, vague, or false advertisements can have an adverse impact on existing or potential customers. Companies, therefore, spend a lot of time and money on researching and understanding consumer needs, preferences, and behavior patterns when it comes to choosing the most appropriate medium for marketing. Creativity also plays a key role in this industry.

Some of the major players in the advertising market are Ogilvy & Mather, IDEO, Fuel Online, Leo Burnett, JWT, BBDO, Wieden + Kennedy, Forza Migliozzi, McCann, and Razorfish.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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Ryan Shaw

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Soaring Demand for Automobiles is Driving the Automotive Brake System Market Globally

The global Automotive Brake System Market is primarily fueled by soaring demand for automobiles. This demand has been greatly spurred by global population explosion, better standards of living, rise of the middle class, and easier finance options. Mass production techniques used by automobile manufacturers and lower manufacturing cost has also boosted the production of passenger cars. This increase in demand for as well as supply of passenger cars has increased demand for efficient and reliable braking systems.

Growing focus on vehicle safety has also significantly benefited the market. Technologies such as traction control system (TCS), anti-lock braking system (ABS), electronic stability control (ESC), and regenerative braking have been developed in the last decade, and continuous development of such technologies are sure to drive the market. However, higher cost of developing these technologies can act as a restraint to industry growth.

There are two main types of brakes used: disc and drum. While disc brakes are mostly preferred in passenger vehicles, they also find application in commercial vehicles in Europe. Although drum-based systems are rather popular among auto manufacturers owing to their cost-effectiveness, disc-based variants are known to be more superior in terms of braking power.

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Automotive brake systems find application in heavy commercial vehicles, passenger cars, two wheelers, and light commercial vehicles. Increasing demand for passenger cars, which can be attributed to rising disposable income and improved standards of living, is expected to propel demand for automobile braking solutions over the forecast period. Growing R&D investments by light and heavy commercial vehicle companies in order to improve vehicle safety is also expected to have a positive impact on market growth.

The Asia Pacific automotive brake system market is expected to register favorable growth over the coming years. Growing trade activity in emerging markets and thrust provided by various government initiatives to improve vehicular safety is expected to propel the market. Asia Pacific is poised to become the most promising and competitive auto manufacturing hub. Boost in economic activity will have a positive impact on demand for both commercial and passenger vehicles in the region, thereby leading to industry growth.

The auto industry in North America has been booming despite a notable decline in other manufacturing industries. The rise in the auto industry rests on the zero percent interest rate to boost auto sales. In order to cater to the surge in auto sales, frequent investments are being made, which is likely to benefit market growth.

The market in Middle East is slated to register higher growth during the forecast period compared to Europe and North America. Rising GDP and emergence of the middle class have led to increase in passenger car sales, which is expected to drive demand for automotive brake systems over the coming years.

Countries in Latin America, such as Brazil, Peru, Argentina, and Colombia, have also been experiencing a surge in car sales due to an expanding middle class and easier credit terms. Growth of the automotive industry in the region is primarily driven by the passenger car segment, followed by light commercial vehicles. Furthermore, rising R&D to improve vehicle safety and government initiatives regulating standards for automobile safety are expected to propel demand.

The global market is dominated by a few major players, such as Federal-Mogul Holdings Corporation, TRW Automotive Holdings Corp, Continental AG, Aisin-Seiki Co. Ltd, Akebono Brake Industry Co. Ltd, Halla Mando Corp, Brembo S.P.A, Valeo, and Haldex AB.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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Internet of Everything (IoE) Market is Expected to Witness Substantial Growth in the Future

The worldwide Internetof Everything (IoE) market is expected to grow substantially in the future. It is likely to observe a CAGR of more than 16% during 2014 to 2020. The market would exceed USD 7,000 billion by 2020.

Accelerated internet penetration, proliferation of connected devices and growing expenditure on technology across the globe will be the crucial drivers of the worldwide Internet of Everything (IoE) market. IoE is being adopted by various public and private institutions, like educational establishments; non-governmental organizations; healthcare bodies; federal & state governmental agencies, etc.

Faster networks, internet security equipments and high speed processors are also estimated to propel the demand for the Internet of Everything (IoE) Market. The emergence of big data analytics would prove favorable for the market. Moreover, the rising demand for Information and Communications Technology (ITC) products, particularly in Asia Pacific, is also anticipated to escalate the sales of the Internet of Everything (IoE) market.

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Market Restraints 
Internet security issues are likely to hamper the future prospects of the Internet of Everything (IoE) market. Lack of high-speed connectivity in many regions will pose a challenge for high-traffic data transfer, thereby restricting further growth of the market.

The success of the Internet of Everything (IoE) market depends on some factors. These are compatibility of hardware and software; proper synchronization; improvements in wired and wireless infrastructure; advancements in data mining; and analysis; etc.

Business Verticals - Insights
The Internet of Everything (IoE) market can be divided into two business verticals - business to business (B2B) and consumer.

B2B can be further spit into retail; manufacturing; transportation; banking; financial services & insurance; utility; healthcare; public; and communication & media. Within the B2B vertical, the highest demand for IoE services was generated by the manufacturing sector.

Manufacturing captured a share of over 30% in 2013. Public followed manufacturing and was valued at 20% of the worldwide Internet of Everything (IoE) market. Healthcare, with a CAGR of more than 20% from 2014 to 2020, is foreseen to grow most rapidly.

The consumer business vertical registered income worth about USD 624 billion in 2013.

Regions - Outlook
The key regional segments in the Internet of Everything (IoE) market are Asia Pacific, Latin America, Middle East & Africa, Japan, North America, Eastern Europe and Western Europe. North America assumed leadership in 2013. It accounted for more than 33% of the total revenue. The region is likely to grow strongly at a CAGR of 14% by 2020.

It was followed by Western Europe. Western Europe and Asia Pacific together, contributed approximately 20% of the worldwide Internet of Everything (IoE) market revenue in 2013. Asia Pacific is anticipated to grow the fastest. It would expand at a CAGR of more than 18.5% from 2014 to 2020.

Components - Overview
Based on components, the Internet of Everything (IoE) market is categorized into infrastructure enablement spending; intelligent systems; and services enablement spending. Intelligent systems were worth USD 1,500 billion in 2013.

They are expected to grow at a CAGR of 15% from 2014 to 2020. Infrastructure enablement spending is likely to be the fastest growing component by 2020. It is estimated to register revenue worth around USD 1,160 billion in 2020.

Competitive Profile 
Some of the participants of the Internet of Everything (IoE) market are Ericsson, Cisco Systems Inc., Oracle Inc., Vodafone Group Plc., Google Inc., and Hewlett-Packard Company. The others are IBM Corporation; Apple Inc.; Samsung Electronics Co. Ltd.; and Accenture Inc; among others.

These players focus on technological advancements to grow and stay competitive. Consolidation through mergers, acquisitions and strategic alliances are common among them.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - https://www.hexaresearch.com