Your CatalystTo a Lucrative Business
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 con tributing to the
growing requirement for automation during the forecast period
Sports software helps organizers to automate their administrative work and manage players by offering a
broad range of features such as ease of learning, user-friendly, advanced games management technology.
Sport management software saves time, increase funds, and reduces the errors coupled with rising demand
for automation is anticipated to boost the growth of the market during the forecast period. The sports
software industry is expected to grow at a CAGR of 13.1% from 2017 to 2024.
North America led the sports software market in 2016 with a market share of 55.2% and is expected to
continue its dominant trend during the forecast period as well. The demand for this technology has been
increasing owing to the rising need to better manage the performance of the industry including clubs,
leagues, and association.
In 2016, the cloud-based technology was the largest and is expected to continue its dominance over the next
seven years as consumers prefer downloading sports apps through the internet which provides high flexibility
to the companies using the cloud model. On the other hand, on-premise technology is expected to grow at a
slower pace at a CAGR of over 12% owing to its access to a limited audience.
Every organization tries to capture a large market size by introducing innovative features through
technological advancements such as professional football teams using virtual reality as a training method to
keep the interaction with all the players, without having them to be on the field. Companies are replacing
hard tickets by e-tickets. In August 2015, SAP in collaboration with the Women’s Team Association (WTA)
developed an app that uses data to analyze a player’s performance. The major innovations were on -court
coaching, player comparison tool, and equestrian analytics tool.
Hexa Research has segmented the global sports software market based on software, end-use and region:
Segmentation by Software, 2014 -2024 (USD Billion)
• Cloud-based
• On-premise
Segmentation by End-Use, 2017 -2024 (USD Billion)
• Coaches
• Clubs
• Leagues
• Sports Associations
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