Your Catalyst to a Lucrative Business
Sports Software Market Share, Size, Key Players, Research and
Forecasts to 2024 | Hexa Research
“ The global sports software market is estimated to reach USD 10.31 billion by
2024.”
27 November 2018 2018
The global sports software market is estimated to reach USD 10.31 billion by 2024. The market is
expected to grow rapidly during the forecast period, as companies in the sports industry are facing a
cut-throat competition to host events internationally to boost their profit.
The top industry players including IBM, SAP, Blue Star Sports and Daktronics are using technological
advancements to capture the market through providing online registrations and sponsorships used for
securing the media rights. The primary drivers for the expansion of the sports software market include
the advancement in technology and the huge demand for software that makes the tasks seamless and
less time consuming for efficient management of the events.
The massive investment in sports infrastructure has been increasing for the development of stadiums,
clubs, association, complexes and leagues. For instance, the government of Russia allotted USD 10
billion for hosting the FIFA 2018 World Cup. These massive investments in sports industry have been
contributing to the growing requirement for automation during the forecast period.
Follow Us: