Sports Technology Market Forecasts to 2028 | Drivers and Opportunities| Key player Analysis Apple Inc., ChyronHego Corporation, Cisco Systems

According to Stratistics MRC, the Global Sports Technology Market is accounted for $15.22 billion in 2020 and is expected to reach $63.72 billion by 2028 growing at a CAGR of 19.6% during the forecast period. While the factors like the increasing need for data-driven decisions and rising pressure for player/team performance improvement are propelling the market growth. However, high initial investments and budget constraints are hampering market growth.

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By geography, Europe is going to have a huge demand during the forecast period. Europe is home to several football leagues and most of these leagues have adopted technology in different forms. The stringent public safety regulations enforced by the governing bodies to ensure the security of the spectators and the stadiums are expected to drive the regional market.

Some of the key players profiled in the Sports Technology Market include Apple Inc., ChyronHego Corporation, Cisco Systems, Inc., HCL Technologies Limited, IBM Corporation, Infosys Limited, Modern Times Group MTG, Oracle, Panasonic Corporation, SAP SE, Sony Corporation, Stats LLC, Telefonaktiebolaget LM Ericsson, Sharp, Samsung, Ericsson, Fujitsu, and Valve Corporation.

Products Covered:
• Device 
• Sports Analytics & Statistics 
• Esports 
• Smart Stadium 

Sports Covered:
• American Football/Rugby
• Baseball
• Basketball
• Cricket
• Tennis
• Golf
• Ice Hockey
• Soccer
• Cycling
• Other Sports

Components Covered:
• Software 
• Wearable Devices and Sports Equipment 
• Services 
• Hardware 

Sport Types Covered:
• Indoor Sports
• Outdoor Sports

Technologies Covered:
• Wearable Technology
• Tracking System/Hawk-Eye Technology
• Virtual Reality
• Artificial Intelligence/Machine Learning (AI/ML)
• Internet of Things (IoT)
• Broadcast Technology

Applications Covered:
• Active   
• Passive  

End Users Covered:
• Coaches
• Clubs
• Leagues
• Sports Associations
• Athletes & Sports Person

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

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