Market Leadership - Sports Technology Market

 

The sports technology market was valued at USD 8.9 billion in 2018 and is projected to reach USD 31.1 billion by 2024; it is expected to grow at a CAGR of 20.63% during the forecast period. The market growth can be attributed significant improvement in audience engagement, growing demand for data-driven decisions and operations, and increasing sports events, online and offline.

Leading players in the sports technology market includes IBM (US), Ericsson (Sweden), Cisco (US), Fujitsu (Japan), SAP (Germany), Oracle (US), NEC (Japan), LG (South Korea), Sharp (Japan), Samsung (South Korea), Fitbit (US), Apple (US), Garmin (US), Sony (Japan), Panasonic (Japan), Modern Times Group (Sweden), Activision Blizzard (US), Tencent (China), and CJ Corporation (South Korea).

IBM was a leader in 2 of the segments: smart stadium and sports analytics. IBM focuses on organic growth by continuously expanding its product capabilities. The company holds expertise in big data and analytics technologies, which helps its customers in leveraging the huge amount of data generated from network elements and internet devices. With ample resources and expertise, IBM was a leading player in the smart stadium and sports analytics markets.

Modern Times Group (MTG) is the leader in esports business. It is an international digital entertainment company. In November 2015, MTG acquired DreamHack (Sweden) for USD 28 million. Also in July 2015, the company had acquired 74% share in Turtle Entertainment (Germany), the owner of the ESL brand, for USD 87 million to strengthen its esports business. MTG focuses on partnering with global brands and event organizing companies. The company strives aligning with the latest market trends by organizing major esports events. For instance, in February 2018, ESL, the brand acquired by MTG, organized IEM Katowice tournament, featuring Dota 2 tournament, CS: GO tournament, StarCraft II tournament, and Heroes of the Storm tournament.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104958738

Apple is one of the most innovative companies, which designs and develops hardware, application software, and services for different consumer electronics products. Apple was market leader in sports wearables market. In the digital signage market, Samsung was the leading player. In June 2018, Apple updated the Apple watch with watchOS5. The company introduced new activity and communications features such as auto workout detection, Wi-Fi, and cellular connectivity. The company provides sports technology solutions through Samsung Display solutions. In the camera market, Sony was the leading player. Sony has a strong brand image worldwide, especially for electronic products and is also working on AI technologies to bring new capabilities to its electronics products. In May 2016, Sony (Japan) invested in Cogitai, an American start-up that specializes in AI. The company focuses on developing novel AI technologies using deep reinforcement learning with prediction technology in collaboration with Cogitai.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441