Sports Market To Grow At A Higher Rate
Posted by sainath on January 16th, 2019
The Business Research Company’s global sports market, covers the year-on-year growth of the global sports historic and forecast growth. It also includes chapters on the trends, geographical analysis, and competitive landscape.
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The global sports market is forecast to grow at a CAGR (compound annual growth rate) of around 5 % to 2022.
Sports Market Trends
Mobile ticketing, virtual reality to enhance spectator experience and analytics for pricing tickets are the major trends witnessed in the global sports market. With increasing TV and social media advertising for sporting events, government initiatives and partnerships to promote sports events and growing popularity of sports, the scope and potential for the global sports market is expected to significantly rise in the forecast period.
The global economy is expected to go through a continuous period of steady growth during the forecast period. The US economy was already showing strong growth in 2016, and this is likely to continue during the forecast period. The European market is expected to see growth return later in the forecast period –. Emerging markets are expected to continue to see generally higher levels of growth than the developed markets during this period. The economic growth of Asian countries is attracting the sports industry.
The global sports is primarily driven due to increased number of auto and animal racing events and growing popularity of major sports leagues.
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The global sports market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
Due to increasing TV and social media advertising for sporting events, government initiatives and partnerships to promote sports events and growing popularity of sports the global sports is expected to increase in potential and scope. TBRC’s report also covers the global sports market report drivers and restraints in the market.
The global sports market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global sports report are Dallas Cowboys, Manchester United, Futbol Club Barcelona S.L, Real Madrid, FC Bayern Munich AG
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