In a recently published report, Sports Management Software report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Sports Management Software products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Sports Management Software Market is valued at approximately USD 4.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 14.8% over the forecast period 2020-2027. Sports management software streamlines the management and scheduling of leagues, memberships, tournaments, trainers, and more. The software is used to create field reservations. The software often manages the aspects of organizing the user’s leagues & tournaments, posting all the scores. This software is mainly used since it provides a slew of advantages, such as ease of learning, invoicing & payment tracking, photo ID’s & player passes, user-friendly-environment, locker management and equipment tracking, registration management, and many more. Sports management software also helps in increasing the funds and mitigating the errors during the sports activities performed. Apart from these benefits, it also offers advanced games management technologies, such as facial recognition. Therefore, these factors are anticipated to accelerate market growth around the world.
Moreover, the increasing number of sports tournaments & leagues in the developed & developing countries, along with the rapidly growing investment in the sports industry are few other factors responsible for the market growth over the forecast period. For instance, in June 2019, SportsEngine, a US-based manufacturer of sports management software, announced to be the official provider of background checks for the Ohio South Youth Soccer Association’s Comprehensive Player Safety Program. Furthermore, the several forms of sports sponsorships are patently evolving as an effective way of branding. For instance, in January 2018, Fox Sports announced USD 3.3 billion funding for five-year rights to broadcast Thursday Night Football. Therefore, such type of initiative is expected to accelerate the demand for sports management software around the world.
Recently, the COVID-19 is widely spread throughout the world, thus various regional governments are putting temporary restrictions on the sports leagues and tournaments to prevent the spread of novel coronavirus. This is likely to inhibit the usage of sports management software thereby, the market would decline significantly at least in this year. However, data security & privacy concern is one of the major factors impeding the market growth over the forecast period of 2020-2027.
The regional analysis of the global Sports Management Software market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing popularity of sports, along with the presence of new technology-based solution vendors in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rapid digitization in the field of the sports industry, along with the rise in the adoption of cloud services among sports organizations would create lucrative growth prospects for the Sports Management Software market across the Asia-Pacific region.
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Major market player included in this report are:
Omnify, Inc.
Sports Engine, Inc.
Jonas Club Software
Active Network LLC
TeamSideline
Stack Sports
League App, Inc.
SquadFusion, Inc.
Jersey Watch
SAP SE
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Deployment:
On-Premises
On Cloud
By Application:
Event Management and Scheduling
Marketing Management
Client Management
Other Applications
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Sports Management Software Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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