February 18, 2021
According to the business intelligence report titled ‘Global Sports Management Software Market Size study, by Deployment (On-Premises, On Cloud), by Application (Event Management and Scheduling, Marketing Management, Client Management, Other Applications) and Regional Forecasts 2020-2027’ available with Market Study Report LLC, global sports management software market accounted for around USD 4.5 billion in 2019 and is estimated to expand at a healthy CAGR of 14.8% during 2020-2027.
Industry experts claim that the rise of global sports management software market is creditable to advantageous attributes of the software such as payment & invoice tracking, user-friendly interface, equipment tracking, locker as well as registration management, and ease of learning. More importantly, growing necessity of mitigating errors in sports activities is propelling the market growth.
For the record, sports management software is primarily utilized for streamlining the scheduling and management of trainers, tournaments, memberships, and leagues among others. It also manages certain aspects of organizing tournaments & leagues, including posting of scores.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2764849/
Notably, increasing number of sports leagues & tournaments across the globe, implementation of advanced game management technologies like facial recognition, and escalating investments in the sports vertical are the other major factors stimulating global sports management software market growth. Furthermore, rising disposable incomes, strategic alliances by industry giants, and initiatives such as sports sponsorships are furthering business development.
On the contrary, growing concerns regarding data privacy & security are impeding the market expansion. In addition, the unforeseen emergence of the COVID-19 pandemic has compelled governments across the world to impose stringent lockdown measures and restrictions on sports activities, which in turn, is inhibiting the usage of sports management software.
Speaking of deployment model, global sports management software market is split into on cloud and on-premises. Moving on to application spectrum, the industry is segmented into client management, marketing management, event management & scheduling, and others.
Regionally, North America sports management software industry accounts for a substantial market share, owing to high concentration of technology-based solution providers and vendors in the region.
Meanwhile, Asia-Pacific is showing signs of registering a robust CAGR over 2020-2027. This can be ascribed to increasing adoption of cloud services among sports organizations and rapid digitization in the vertical.
Major organizations operating in global sports management software market sphere are Sports Engine, Inc., SAP SE, Omnify, Inc., Active Network LLC, Jonas Club Software, Stack Sports, TeamSideline.com, SquadFusion, Inc., League App, Inc., and Jersey Watch among others.