GITNUX MARKETDATA REPORT 2024

Sports Technology Industry Statistics [Fresh Research]

With sources from: fnfresearch.com, businesswire.com, juniperresearch.com, zionmarketresearch.com and many more

In this post, we will explore a comprehensive set of statistics that shed light on the thriving sports technology industry. From market valuations and growth rates to the adoption of specific technologies and trends, these figures offer valuable insights into the evolving landscape of sports technology on a global scale. Let’s dive into the numbers that are shaping the future of sports technology.

Statistic 1

"The global sports technology market was valued at approximately $9.80 billion in 2018."

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Statistic 2

"The Asian market has the fastest growth rate of 23.1% for sports technology."

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Statistic 3

"In the sports technology industry, wearable devices account for the largest market share of 38.83% in 2018."

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Statistic 4

"Smart stadiums market, a segment of sports technology, is projected to reach $12.50 billion by 2023."

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Statistic 5

"The sports analytics market size is to grow by USD 616.7 million during the period of 2019-2023."

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Statistic 6

"North America dominated the sports technology market with 35.4% share in 2020."

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Statistic 7

"The software product holds the largest market share taking up over 44% in the sports technology sector."

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Statistic 8

"The sports technology industry’s largest application area is movies and video games, with a market share of 30%."

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Statistic 9

"Sports organizations’ spending on big data related software and services is expected to reach $4.7 billion by 2021."

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Statistic 10

"Beacon technology in stadiums is forecasted to have more than $1 billion in revenue by 2020."

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Statistic 11

"In 2019, over 70% of sports viewers used a second screen to enhance their viewing experience."

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Statistic 12

"Digital sports content was valued at over $14.6 billion in 2017."

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Statistic 13

"The use of IoT devices in sports is expected to grow at an annual rate of 20.7% by 2022."

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Statistic 14

"ESPORTS revenue is projected to exceed $1.79 billion by 2022."

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Statistic 15

"Virtual Reality in sports is expected to reach $1.4 billion by 2025."

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Statistic 16

"The sports software market has been growing by 7.4% YoY and reached $4.4 billion in 2020."

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Statistic 17

"Athlete performance tracking technology is estimated to grow at a CAGR of 27.3% over the forecast period."

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Statistic 18

"Mobile ticketing in sports will surpass $14 billion in 2019."

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Statistic 19

"On-demand streaming services may increase to 92 million sports viewers by 2022."

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Interpretation

In conclusion, the sports technology industry is experiencing significant growth and innovation across various sectors. Wearable devices, smart stadiums, sports analytics, and digital content are driving market expansion, with regions like Asia and North America playing pivotal roles in market share. The adoption of IoT devices, beacon technology, virtual reality, and esports is reshaping the landscape of sports technology, offering new opportunities for fan engagement and athlete performance tracking. Mobile ticketing and on-demand streaming services are revolutionizing how sports fans access and consume content, with impressive revenue projections for the near future. The industry's focus on data analytics and software development underscores a shift towards more tech-driven solutions to enhance the overall sports experience.

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