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Global Sports Technology Market to 2027 Analysis and Forecasts by Component, Sports, Application, End-user

Press release   •   May 09, 2019 12:59 IST

Global Sports Technology Market

The sports technology is focused on the design and innovative application of technologies to facilitate research and the development of intervention strategies to enhance sport performance. Sports technology has been significantly adopted in outdoor sports activities such as cricket, football, soccer, rugby, etc. The games are contributing in terms of revenue to the sports technology market. The Sports technology market is heavily influenced by driving factors such as rise in the adoption of wearable devices by athletes across regions is expected to drive the sport technology market. However, a rise in cyber security concerns is one of the major restraining factors hampering the global sports technology market in the current market scenario.

Some of the leading players in global market: Accenture, Chetu Inc., Firstbeat Technologies Oy, KINEXON GMBH, Krossover Intelligence Inc, Opta, ORRECO IRELAND, SAS Institute Inc, Sportradar AG, STATS LLC

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The global sports technology market is segmented on the basis of components, sports, application and end user. Based on component type the market is segmented as software, wearable devices and sports equipment and services. On the basis of sports the market is segmented as baseball, basketball, cricket,cycling,football, golf and rugby. On the basis of the application the market is segmented as active and passive. On the basis of end user the market is segmented as coaches, clubs, leagues and sports association.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Sports technology market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The sports technology market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting sports technology market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the sports technology market in these regions.

The reports cover key developments in the sports technology market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Sports technology market are anticipated to lucrative growth opportunities in the future with the rising demand for Sports technology in the global market. Below mentioned is the list of few companies engaged in the Sports technology market.

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