Global Sports Software Market to Reach US$12.5 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Sports Software estimated at US$5.5 Billion in the year 2020, is projected to reach a revised size of US$12.5 Billion by 2027, growing at a CAGR of 12.4% over the period 2020-2027.Cloud-Based, one of the segments analyzed in the report, is projected to grow at a 12.9% CAGR to reach US$10.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premise segment is readjusted to a revised 10.2% CAGR for the next 7-year period. This segment currently accounts for a 19.6% share of the global Sports Software market.
The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 12% CAGR for the Period of 2020-2027
The Sports Software market in the U.S. is estimated at US$1.6 Billion in the year 2020. The country currently accounts for a 29.52% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.2 Billion in the year 2027 trailing a CAGR of 11.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.9% and 10.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR while Rest of European market (as defined in the study) will reach US$2.2 Billion by the year 2027.We bring years of research experience to this 6th edition of our report. The 173-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Daktronics, Inc.
- EDGE 10
- Epicor Software Corporation
- IBM Corporation
- Jonas Club Software
- SAP SE
- Stack Sports
- Synergy Sports Technology, LLC
- Upper Hand, Inc.
- Vista Equity Partners Management, LLC