The global sports league software market was valued at US$ 556. 60 million in 2019 and is projected to reach US$ 907. 25 million by 2027; it is expected to grow at a CAGR of 6. 4% during the forecast period, i.
New York, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Sports League Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Deployment and Application and Geography" - https://www.reportlinker.com/p05967909/?utm_source=GNW
e. 2020 to 2027. However, the COVID-19 outbreak is anticipated to affect the growth rate of the global sports league software market in coming years, owing to the cancellation of various large sports tournaments and uncertainty regarding future events. The restrictions on sports events and mass gatherings in most countries are anticipated to affect the growth of sports industry, which minimizes the adoption of sports league software among enterprises.
The businesses around the world are adopting digitalization as it presents a massive opportunity for businesses to utilize digital solutions to transform their business models and existing processes to improve operational efficiency and increase the revenue.Digital transformation refers to the adoption of various types of digital solutions for automation of various business processes, activities, and functions.
In today’s digital era, the competition in various industries including sports industry is growing at an unprecedented rate and enterprises are continuously striving to find solutions that could allow them in enhancing productivity.The sports league software helps organizers and club/league owners in automating their administrative work related to various sports event organization, managing players, and scheduling/registration purposes, among others.
The software offers a user friendly interactive interface and helps in advanced game management, thus allows organizations to save time, increase funds, and reduce human errors.All the benefits offered by sports league software enable the digital transformation among sports clubs, leagues, and other governing bodies.
Various factors such as positive growth outlook of global sports industry, growing women sports, esports, technology adoption, and 5G & cloud-based solutions are propelling the demand for sports league software globally.
The growing digital transformation trend in sports industry and increasing number of sports clubs and leagues worldwide are the key factors fueling the growth of the global sports league software market.However, lack of awareness and availability of free software solutions may hamper the growth of the market.
Despite some limitations, the rising adoption of sports league software among SMEs and advent of 5G and cloud technology in global sports industry are anticipated to drive the growth of sports league software market during the forecast period.
Overall size of the sports league software market has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining overview and forecast for the sports league software market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultant such as valuation experts, research analysts and key opinion leaders specializing in the sports league software market. Stack Sports; Engage Sports LLC; EZFacility; Jersey Watch; LeagueRepublic; Logismico LLC (TeamTracky); PlayyOn, Inc.; SportsEngine Inc.; ACTIVE Network LLC; and TeamSnap, Inc. are among the key market players profiled during this market study. LeagueApps, ENJORE Srl, Sports Logic, Pointstreak, and Thapos are a few other notable players in the global sports league software market.
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