PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401446
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401446
Global Sports App Market is valued approximately at USD 8.37 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.9% over the forecast period 2023-2030. Sports App Market is a software applications market which is related to sports; it can be installed by users on their smartphones. Basically, used by athletes and sports lovers. The Sports App market is expanding because of factors such as high acceptance of cloud-based technologies solutions and rise in awareness and use of applications and internet. However, increasing innovation by the key players for its new applications and increase in sports fans and social networking tends to hinder the market.
Cloud based technological solutions are rising these days with this more people trying to adopt these solutions. According to Statista 2023, Approx. USD 400 million was generated by cloud computing solutions. There is a rise in usage of internet by maximum population with that more and more people are adopting and installing applications in their devices. As, according to Statista 2023, internet users globally stood by 5.18 billion. Rising sports market leads to rise in sports app market, as according to Statista 2023, Sports market is projected to reach USD 2.27 billion in 2022. Moreover, increasing innovation of key players for its new applications and increase in sports fans and social networking further act as a growing opportunity for this market.
The key regions considered for the Global Sports App Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to rising popularity for the live streaming of sports specially wrestling AEW sports. Moreover, easy accessibility of using sports application and rising demand of OTT apps and subscription act as a driver for growth of this market. Furthermore, North America acting as a focal point for innovation. Asia Pacific is expected to be the fastest growing during the forecast period, owing to factors such as increase in trend of subscription-based apps specially in developing countries such as China. Additionally, rise in popularity of digital payment services. As, according to Statista transaction value of digital payments in this region was USD 4.37 trillion. These apps need online payments to buy its subscription as more consumers are shifting to digital payments there will be a increase in people buying subscription of sports application resulting in growth of market.
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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable