The Sports App Market is being driven by Advent of visual technologies for sports
The Sports App Market is expected to grow at a CAGR of 12.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3516.5 million. In the burgeoning e-sports market, events are not confined to virtual platforms. They unfold at various physical locations, including e-sports arenas, local bars, and cafes. This expansion of e-sports beyond the digital realm broadens the audience base and fosters community engagement. However, the investment required for organizing these events at physical locations poses a challenge for teams and players from distant areas. Notably, e-sports arenas are operational in seven US locations, with meltdown e-sports bars present in 27 global sites, and Wangyu Cybernet Cafe boasting approximately 1,000 locations worldwide.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
195 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.1% |
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Market growth 2025-2029 |
USD 3516.5 million |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
11.1 |
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Key countries |
US, China, India, Germany, UK, Japan, Canada, South Korea, France, and Brazil |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the thriving Sports App Market, mobile users can now monitor their health and track daily activities with fitness apps. These apps offer content management, live streaming, and augmented reality features. GPS technology and fitness bands enable accurate tracking and monitoring. Stay aware of prevalent diseases like cardiovascular disease with health awareness programs. Yoga instructors and AR technology enhance your fitness journey. Live streaming workouts and content management keep you engaged in maintaining a healthy lifestyle.
The global IT software market encompasses businesses specializing in the creation and distribution of application and system software. This sector comprises enterprises engaged in developing software for specific business or consumer applications, encompassing both enterprise and technical software, as well as cloud-based solutions. Notably excluded are companies classified in the interactive home entertainment and systems software sub-industries, focusing on database management. According to Technavio, the IT software market size is determined by the consolidated revenue of all software providers, incorporating cloud services. Key areas of focus within this market include health monitoring and activity tracking applications, live streaming, and augmented reality technology.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
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