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.
Browse
Details of Report@ https://www.hexaresearch.com/research-report/sports-software-market
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
Browse Related
Category Market Reports @ https://www.hexaresearch.com/research-category/next-generation-technologies-industry
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/
No comments:
Post a Comment