The Sports Technology Market was valued at USD 8.9 billion in 2018 and is projected to reach USD 31.1 billion by 2024; it is expected to grow at a CAGR of +20% during the forecast period.
The Sports Technology Unit Is Focused On The Design And Innovative Application Of Technologies To Facilitate Research And The Development Of Intervention Strategies To Enhance Sport Performance.
In recent years, professional sports bodies have adopted new technologies such as sports data analytics, smart stadium, wearable devices, digital signage, and esports. The smart stadium is one of the major trends worldwide due to the proliferation of sporting events. Technological innovations in the smart stadium market are driving the implementation of several projects worldwide, Report linker has stated in a release.
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Top Key Players:
IBM (US), Ericsson (Sweden), Cisco (US), Fujitsu (Japan), SAP (Germany), Oracle (US), NEC (Japan), LG (South Korea), Sharp (Japan), Samsung (South Korea), Fitbit (US), Apple (US), Garmin (US), Sony (Japan), Panasonic (Japan), Modern Times Group (Sweden), Activision Blizzard (US), Tencent (China), and CJ Corporation (South Korea).
The worlds of sports and technology are colliding like never before, with administrators recognizing the possibilities of being smarter both on and off the field of play.
Innovations are being used at a boardroom level to make organizations more efficient and to generate more income, while technology is changing how sport is being played at an elite level. Fans too are benefiting from new services, applications and ways they can interact with sport.
It has been curated by using extensive research methodologies such as primary and secondary research methodologies. It takes a closer look at different dynamic aspects of businesses such as trends, technologies, tools, and methodologies.
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It offers a comprehensive study of global Sports Technology Market regions such as North America, Latin America, Asia-Pacific, Africa and Europe based on different verticals of businesses. Furthermore, it offers to profile of leading key players operating in the global regions.
In recent years, professional sports bodies have adopted new technologies such as sports data analytics, smart stadium, wearable devices, digital signage, and e sports. Smart stadium is one of the major trends worldwide due to the proliferation of sporting events. Technological innovations in the smart stadium market are driving the implementation of several projects worldwide. Market opportunities in Europe and APAC are high, with favorable economic and sporting environment.
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Finally, the researchers throw light on restraining factors to address the limiting factors in front of the market. The stronger and stable business outlook has been elucidated through this informative report. It has been analyzed using industry analytical techniques such as SWOT and Porter’s five techniques.