TeamSnap Announced The Debut Of Their All-In-One Multi-Program Management Solution
In April 2022, the all-in-one multi-program administration system for youth sports groups has been launched, according to a statement from TeamSnap. With the new system, clubs and leagues can register players and benefit from brand-new tools for team management and scheduling.
High-Speed Digital Transformation Is Driving Market Expansion
Sports facilities, clubs, and local stadiums are all in high demand for sports management software due to the digital revolution. Additionally, the sector is growing due to the increased usage of digital technology in sports to speed up play and increase fan involvement. The key driver of the market's growth is the use of cloud-based services. Additionally, it is anticipated that an increase in the adoption of software-based services and the need for unfiltered fan involvement would help the market's overall expansion.
Impact of COVID-19 to Limit Market Growth
The COVID-19 outbreak had a significant impact on the market for sports management software. The COVID -19 epidemic greatly hindered fans' ability to watch live sporting events in 2020, disrupting sports in general. The cancellation of numerous competitions and sporting events has hurt the global economy. A scalable hybrid cloud was used to support the need for engaging technology simultaneously driven by the outbreak. However, demand is anticipated to increase with a long-term kink. Due to the cancellation of many sports events, consumer shifts, and actions that significantly impacted the sector, the lockdown hurt markets worldwide.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the sports management software market plan acquisitions to improve their brand recognition globally. For instance, in October 2022, by joining forces with etrainu, 80 announced a partnership that should increase the usability and accessibility of innovative online learning solutions for the sports groups it works with.
- July 2022: B.B. Abbott, the creator of Jet Sports, was hired by global sports, music, and entertainment company Wasserman as executive vice president and managing executive when Jet Sports Management was acquired. The expansion of Wasserman Agency's MLB business is its primary goal with this acquisition.
List of Key Players Profiled in the Report
- NBC Sports Group
- Oracle Corporation
- Jonas Club Software
- Active Network
- Stack Sports
- League App
- Jersey Watch
- SAP SE
Further Report Findings
- The market in North America is expected to gain a huge portion of the global sports management software market share in the coming years because the United States is home to numerous sports management software firms.
- The North American sports software market will certainly reach new heights as a result of technological advancements in sports leagues, facilities, and clubs.
- In the Asia Pacific, the growth in this region is primarily driven by increasing popularity of several sporting events like cricket, basketball, and football.
|Market Size in 2022
|USD 6.5 Billion
|Market Forecast in 2030
|USD 17.5 Billion
|Compound Annual Growth Rate
|Revenue (USD Million) and Volume (Kilo Tons)
|By Component, By Deployment Mode, By Application and By Geography
|By Deployment Mode