Projected Global Sports (Management) Software Market Share
New York, NY, Oct. 20, 2021 (GLOBE NEWSWIRE) — Facts and Factors has released a new research report titled “Sports Software Market By Deployment Mode (Cloud-Based Deployment & On-premises Deployment), By Application (Event Management & Planning, Team Management, Marketing Management, Client Management, Others), and By Regions – Global and Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026” in its research database
“According to the report, the world sports software market was valued at approximately $5.3 billion in 2020 and is expected to reach a value of approximately $13.6 billion by 2026, at a CAGR of approximately 12.7% between 2021 and 2026.”
Global Sports Software Market: Overview
Sports software in the business domain that deals with the management and regulation of sports and recreational measures which may include functions relating to front office systems in professional sports and at the college level and is often used by sports managers, recreational sports directors, marketing, event management and facilities management, and in the sports economics sector. Sports management software is often considered a form of sports itself due to common functionality and adaptability.
Sports software are particular software tools that are used to provide data such as visualization, live analysis, prediction, pre-event planning and post-event review regarding a sports event, whether professional or recreational. Sports software products help in the seamless and integral integration of sports data from multiple sources and applications. These products make it easy to properly integrate or separate audio and video streams in real-time situations while providing new perspectives for spectators at a myriad of sporting events.
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Key Industry Market Players
- Active Network LLC
- League Apps
- Jersey watch
- Jonas Club Software
- SportsEngine Inc.
- Microsoft Corporation
- Spay inc.
- Omnify Inc.
- IBM Inc.
- Edge Games Inc.
- Vista Equity Partners
- Blue Stars Sports Limited
- F3M information systems
- SportEasy SAS
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Answers to key questions in this report:
- What is the projected size and share of the Sports Software market?
- What are the key factors driving the growth of the sports software market?
- Who are the key market players in the sports software market?
- How many segments are analyzed in the Sports Software market?
- Can I get a sample free custom Sports Software market report?
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Global Sports Software Market: Growth Factors
The essential factors behind the higher growth rate of the global sports software market can be attributed to a digital revolution in the sports sector coupled with increasing investments in the sports industry, to name a few. Additionally, increase in raw fan engagement demands coupled with increasing adoption of digital technology to speed up the process of games is expected to increase the global sports software market footprint during the period of forecast. The integration of sports software coupled with increased functionality for analyzing match details and other forms of match-related statistics will open up new revenue opportunities for the global sports software market during the period of forecast.
The forecast period for the global sports software market is expected to be driven by cloud-based services and increased integration of advanced technologies relating to machine learning and artificial intelligence. Growing government initiatives and increased investment opportunities have led sports sectors to be in the spotlight in terms of potential and promise. These factors will fuel the growth of the global sports software market over the forecast period towards a broader consumer base. However, the growing incidence of data security and consumer data privacy and security measures will hamper the growth of the global sports software market during the forecast period.
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Global Sports Software Market: Scope of the Report
|Market Size Value 2020||$5.3 billion|
|Market forecast for 2026||$13.6 Billion|
|Expected CAGR Growth||CAGR 12.7% from 2021 to 2026|
|Main market players||Active Network LLC, LeagueApps, Jersey Watch, TeamSideline, Jonas Club Software, SquadFusion, SportsEngine, Inc. and others|
|Segments Covered||Deployment Mode, Applications, and Region|
|Geographical areas covered||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Pricing options||Request custom purchase options to meet your research needs. Explore purchase options|
Global Sports Software Market: Segmentation
The global sports software market is segmented into deployment mode, application and regions.
On the basis of deployment mode, the global sports software market is divided into cloud-based deployment and on-premises deployment. The segment relating to cloud-based deployment is expected to experience the largest market share in the advent of forecasting owing to the easy access to sports data coupled with the growing compatibility of the latter with a wider range of devices such as laptops, mobiles, tablets. , and more to name a few. Based on application, the global sports software market is fragmented into event management and planning, team management, marketing management, customer management, and others. The team management segment is expected to occupy the largest market share in the advent of the forecast due to the increasing number of international and local tournaments in the fields of soccer, football, baseball and hockey, for n to name a few.
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Global Sports Software Market: Regional Analysis
North America is expected to experience the largest market share during the advent of the forecast as the region is home to varied terrain for sports activities such as football, rugby, hockey, baseball and basketball- ball, associated with a wide range of national and international activities. sports organization requiring digitization measures to facilitate data access and management, to name a few. The growing number of reliable vendors that provide sports software, coupled with the growing number of collaborations and partnerships among the major market players, is expected to create a dynamic environment during the forecast period. Asia-Pacific is expected to accumulate a major market share over the forecast period due to increasing investments used to improve sports infrastructure in emerging economies such as India, China, and Japan, for to name just a few.
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Global Sports Software Market: Segment Analysis by Mode of Deployment
- Cloud-based deployment
- On-site deployment
Global Sports Software Market: Analysis by Application Segment
- Event management and planning
- Team management
- Business management
- Customer management
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