COVID-19 Impact on the Sports Management Software in Semiconductors and Electron

Posted by swarajya on April 8th, 2021

COVID-19 Impact on the Sports Management Software in Semiconductors and Electronics Industry

COVID-19 is a pandemic disease which has created severe outbreak in all countries starting from China to almost in every country. It impacted the human life, world economy, sports sector, industrial sector and others owing to which lockdown is initiated for the prevention and for minimizing the spread. To control the disease spread, lockdown is so far the better solution observed in many countries but it has adversely affected the economy. It impacted the sports industry in both positive as well as in negative way as all sports events, tournaments, leagues and other activities has been postponed or cancelled which indirectly results into a slow growth for sports management software market. On the other hand, it created an opportunity for the sports management software market through continuous adoption of online game events, competitions and others. Rising demand or importance of sports management software for eSports tournament management in the pandemic situation is helping the sports management software market to reduce the loss in an indirect manner. Demand in particular segment such as eSports will not lead the sports management software market growth but it can help the market players to sustain and generate revenue to some extent.

IMPACT ON THE SPORTS INDUSTRY

COVID-19 has created a major impact on the sports industry as almost every country has postponed or cancelled the sports events and other activities which gather the crowd together. To prevent the spread of corona virus disease, the government has taken some strict actions such as closing the gym, fitness clubs, associations and others. Only businesses which are dealing in the essential services are allowed to be open and run the further processes. The sports are not considered to be a major part of the essential services but still the sale of fitness products is allowed for the customers to maintain the health and fitness to boost the immunity level. It has created major effect on the sports events growth as revenue generation is stopped owing to no new sports to broadcast.

For instance,

• In May 2020, ESPN reported that around USD 12.00 billion revenue loss has been faced for the U.S. country only. The sports events got cancelled which created major impact on the sports industry revenues. The shutdown hampered the college sports by around USD 3.90 million, while for the U.S. pro sports is facing the loss of USD 5.50 billion and sport tourism with USD 2.50 billion loss.

IMPACT ON SPORTS MANAGEMENT SOFTWARE MARKET 

There is both positive as well as negative impact of the COVID-19 disease on sports management software market as it lowered its consumption while at the same time it increased the eSports customer base for indoor participations. It created an opportunity to enhance their online services and solutions for fitness guide, sports and others. The implementation of the sports management software for leagues, association, Read more…