Sports Management Software Market

Sports Management Software Market Research, 2031

The global sports management software market was valued at $5.96 billion in 2021, and is projected to reach $24.09 billion by 2031, growing at a CAGR of 15.1% from 2022 to 2031.

The global COVID-19 pandemic has harshly affected industries across the world. On the contrary, impact of the pandemic was arguably positive on adoption of the sports management software due to lockdown imposed by all the governments of different countries. After the COVID-19 condition, the industries started focusing more on emerging technology to manage events and leagues using AI powered solution, cloud-based technologies and apps based on sports management software to perform numerous operations

Sports management software is a type of software that helps sports and other industry associations with club & league management, game organization, and other related activities. Furthermore, it provides live streaming services as well as news scores and other information. Sports management is a branch of business that deals with sports and recreational activities. Some of the applications for the sports management software market are game schedules, competition management, and match performance analysis. Digital revolution in sports facilities, rise in investment in the sports industry, and increase in fan engagement are few of the factors fueling the growth of the sports management software market. Furthermore, the use of cloud-based services is boosting the Sports Management Software Industrygrowth.

The sports management software market is segmented into Component, Deployment Model and Application.By component, the market is divided into software and service. On the basis of deployment, it is separated into on-premises and cloud. According to application, it is split into event management & scheduling, team management, marketing management, client management, and others.  Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of component, the software segment captured the largest Sports Management Software Market Share in 2021, and is expected to continue this trend throughout the forecast period. Inclusion of various functionalities like online registration and rise in investments in sports industry are anticipated to drive the growth of the market. However, the services segment is likely to witness the highest share in the upcoming years. This is attributed to the numerous advantages offered by services provided such as training schedule management, fitness tracker, and increased fan engagement. Many enterprises in sports industry are deploying the sports management software services due to such factors.

Depending on application, the market is divided into event management & scheduling, team management, marketing management, client management, and others. Event management & scheduling is the dominant segment for sports management software market due to the ease provided by this software in managing the tournaments and leagues. However, the client management segment is expected to exhibit highest growth during the Sports Management Software Market Forecast period as this software aids in building client relationship and streamlines sales.

Region wise, North America dominated the market share in 2021. Advancements of technologies in sports leagues, facilities, and clubs are anticipated to provide lucrative growth opportunities for the sports management software market in North America. However, Asia-Pacific is expected to exhibit highest growth during the forecast period. This is attributed to rise in fan engagement which is likely to propel growth of Sports Management Software Market Growth in the region.

Impact of COVID-19 on the sports management software market trends

The sports management software market was valued at $6,773.5 million in 2022, and is projected to reach $24,087.7 million by 2031, registering a CAGR of 15.1%. The current estimation of 2031 is projected to be higher than pre-COVID-19 estimates. The global COVID-19 pandemic has harshly affected industries across the world. On the contrary, impact of the pandemic was arguably positive on adoption of the sports management software due to lockdown imposed by all the governments of different countries. After the COVID-19 condition, the industries started focusing more on emerging technology to manage events and leagues using AI powered solution, cloud-based technologies and apps based on sports management software to perform numerous operations. Moreover, all industries started moving toward digitalization for management & planning of matches and to solve problems related to sports administration. The software provides easy handling and efficient management of sports across the globe. Furthermore, it reduces manual tasks and handles things on real time, which drives the Sports Management Software Industry growth. In addition, it reduces faults and organization risks that come with manual data-entry.  

Top Impacting Factors  

Factors such as digital revolution in sports facilities and increase in investments by governments and private enterprises in sports industry majorly impact the growth of the Sports Management Software Market Size globally. Moreover, increased fan engagement through live streaming and live chatting propels the development of the market. Furthermore, ease of event management and cloud-based services offered by this software provide lucrative growth opportunities for this market. However, lack of data security and privacy can hinder the growth of the market. Each of these factors is anticipated to have a definite impact on the global sports management software market.

Digital Transformation in High Gear

Due to the digital revolution, the sports management software is in great demand in sports facilities, clubs, and local stadiums. Moreover, owing to increase in use of digital technology in sports to quicken play and boost spectator engagement, the industry is expanding. The use of cloud-based services is the primary factor fueling the market's expansion. Additionally, it is predicted that rise in software-based service penetration and surge in needs for raw fan engagement would support the market's overall expansion.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the sports management software market analysis from 2021 to 2031 to identify the prevailing sports management software market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the sports management software market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global sports management software market trends, key players, market segments, application areas, and market growth strategies.

 Sports Management Software Market Report Highlights