Technavio, a tech-focused market research firm, has published a new report on the global sports software market, which is expected to grow at a CAGR of more than 13% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global sports software market into the following key regions: the Americas, Europe, and APAC.
Source: Technavio
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Top three contributors for the global sports software market are elaborated below
Sports software market in the Americas: Sales of tickets, exclusive media rights, and lucrative athlete endorsements are the key sources of income generation in the sports software market in the Americas. Technavio’s industry analysts predict the market to register growth at a CAGR of around 14% between 2017 and 2020.
According to Ishmeet Kaur, a lead analyst at Technavio, specializing in research on enterprise application, “To manage the efficient performance of the sports clubs, leagues, or associations, sports software needs to be adopted, which in turn, will lead to growth of the market.”
Sports software market in Europe: Some of the organizations in Europe are working towards youth sports issues, such as equal opportunities, fair play, fight against discrimination and doping, healthy lifestyle, social inclusion, sustainable development, volunteering, youth employment, with its member National Olympic Committees such as Sports Confederations. Such initiatives create the need for sports software, and will subsequently lead to the growth of the sports software market in the region.
Sports software market in APAC: Countries such as Japan, South Korea, and China are the key revenue contributors in the sports software market in APAC. The Olympics program scheduled for 2020 is propelling the need for sports software for a more proper implementation and execution of events, such developments are expected to reflect positively on the adoption of sports software in the APAC region during the forecast period.
The leading vendors operating in the global sports software market are:
- Daktronics
- IBM
- SAP
- Vista Equity Partners
Other prominent vendors in the market include Blue Star Sports, EDGE10, Jonas Club Software, Sportlyzer, Sports Insight Technologies, Sports Manager, Sport:80, SportEasy SAS, F3M Information Systems, and TeamSnap.
A more detailed analysis is available in the Technavio report titled, ‘Global Sports Software Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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