About Spectator Sports
Spectator sports involve both participants and the presence of spectators, or watchers. Sports such as football, rugby, cricket, and soccer are becoming more popular among the spectators. In today’s time, professional sports leagues have become more popular as a form of entertainment, and the integration of virtual reality headsets or apps for spectator sports is likely to boost market growth. However, increasing preference for live sports events among people to experience the excitement of the game and to be a part of the crowd is likely to create significant opportunities for the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Juventus (Italy), Korea Baseball Organization (South Korea), China Sports Media (China), BCCI (India), Maple Leaf Sports & Entertainment (MLSE) (Canada), FC Barcelona (Spain), International Speedway Corporation (United States), Real Madrid C.F (Spain), Liberty Media Corporation (United States), Los Angeles Dodgers, LLC (United States), Indian Premiere League (India), New York Yankees (United States), Manchester City F.C. (United Kingdom), Australia and New Zealand Rugby (SANZAAR) (Australia), Manchester United Football Club (United Kingdom) and Dallas Cowboys (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Spectator Sports market by Type (Cricket, Soccer, Foorball, Baseball, Basketball, Hockey, Horse Racing, Polo, Rugby, Tennis, Badminton and Others) and Region.
On the basis of geography, the market of Spectator Sports has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sport Category, the sub-segment i.e. Team Sports will boost the Spectator Sports market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Revenue Source, the sub-segment i.e. Media Rights will boost the Spectator Sports market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Advanced Technologies Such As AR/VR to Provide Enhanced Experience and Use of Online Platforms for Booking Tickets for Sporting Events
Market Growth Drivers:
Growing Popularity of Sports for Entertainment and Demand for Live Entertainment and Penetration of High-Speed Internet and the Rising Popularity of E-sports Tournaments Among People
Challenges:
Competition From Other Entertainment Forms Such As Gaming, Movie, Etc.
Restraints:
High Cost of Attending Sports Events Especially Professional Sports Leagues
Opportunities:
Personalization Options Such As Customized Seating, In-Stadium Amenities, Food and beverage Offerings to Spectators
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Spectator Sports Organizers, Sports Betting Companies, Sports Streaming Platforms, Government Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.