Industry Background:
The horse racing software is a guide and research tool which delivers horseracing data and analytics. In today's sports industry horse racing is an equestrian performance sport. It is a highly increasing number of young people who are getting interested in the horse racing industry. It is highly adopted for horse racing betting applications.
According to AMA Research, the market for Horse Racing Software is expected to register a CAGR of 9.12% during the forecast period to 2030. This growth is primarily driven by Increase in Disposable Income Across the Globe
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Systems Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as BetMix (United States), Value Tips Software (United Kingdom), Ratings2Win (Australia), Proform Racing (United Kingdom), FormGenie (United States), NSoft (Balkans), Liberty Publishing Company, Inc. (United States), RaceXpert (United Kingdom), IQPro Horse Racing Software (Australia) and Fan Arena (Australia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2023, Exacta, a leading innovator in HHR gaming solutions, is excited to announce the first-ever electronic table games to be powered by the Exacta Connect HHR system, created in partnership with Interblock. This revolutionary move makes Interblock's acclaimed roulette ETG products the first to incorporate Exacta's open-source HHR system.
In October 2022, Immersal Oy, part of Hexagon, today at GITEX in Dubai announced the launch of its augmented reality (AR) solution for horse racing tracks. The solution will work on horse racing tracks anywhere and enhance the visitor experience at the track.The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Influencing Trend:
Millennials Inclination and Involvement Towards Horse Racing Sports and Entertainment
Market Growth Drivers:
Increase in Disposable Income Across the Globe and Rising Popularity of Casinos and Lotteries Among Young Age People
Challenges:
Increasing Presence of Alternative Gambling Products
Restraints:
Required Huge Initial Investment for New Market Players
Opportunities:
Growth in Horse Racing Event in Developed Regions and Rising Interest in Horse Racing in Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Horse Racing Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Horse Racing Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Horse Racing Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Horse Racing Software Study Sheds Light on
The Horse Racing Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Horse Racing Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Horse Racing Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.