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Athletic Competition Management Software Market (Type - Cloud-based, and Web-based; End-user - Clubs, Leagues, Sports Association, and Coaches): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : July, 2022

  • Rep Id : ICT003120

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on athletic competition management software market provides in-depth analysis of segments and sub-segments in the global as well as regional athletic competition management software market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional athletic competition management software market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global athletic competition management software market. According to the report, the global athletic competition management software market is projected to grow at a CAGR of nearly 13% over the forecast period of 2022-2028.

 

Market Insight

The Global Athletic competition management software market was valued at nearly USD 6 Billion in 2022 and is expected to reach over USD 11 Billion in 2028, with a CAGR of nearly 13% during the forecast period. The athletic competition management software market assists event planners with organizing a variety of athletic events, including sports tournaments, marathons, and triathlons. These products provide support with waivers, registration and ticketing, time score tracking, and scheduling, of the event. Increasing utilization of the software for advertising and event communications has positively enhanced the growth of the market. This software is paid up and has integration with various payment processing software. Additionally, increasing the use of the mobile app for registrants to manage their fees, day-of-event activities, and profiles, from smartphones, will increase the demand for the software. Moreover, special features such as historical data of the performance which is very important to develop the game of the players will drastically enhance the demand in the forecast period.

 

Athletic competition management software market is in high demand as a result of the digital revolution in clubs, local stadiums, and sports facilities, among other places. The market is expanding rapidly because of the increased utilization of digital technology in sports to boost the game and enhance fan engagement during the forecast period. The essential driving factor for the growth of the market is the increasing utilization of cloud-based services. Furthermore, the rising infiltration of software-based sports services and growing raw fan meeting demands are expected to propel the overall market growth during the forecast period. Additionally, the amalgamation of software in athletics coupled with rising functionality for analyzing event details and other types of event-related statistics bolsters the market's growth. The growing number of local and international athletic tournaments in various countries also is the driving factor for market growth. Advancements in software technology will create lucrative growth opportunities for the market. However, the high-cost of the subscription plan will highly restrain the growth of the market. Moreover, Data Security and Privacy will restrain the market growth during the forecast period.

 

The outbreak of COVID-19 immensely impacted the competition management software market. The onset of the COVID -19 pandemic disrupted sports normally, and spectators' ability to attend live athletic events was severely hampered in 2020. The closure of assorted tournaments and sports activities has hampered the worldwide market. Simultaneously, the epidemic sparked a surge in demand for engaging technologies, which were protected by a scalable hybrid cloud. However, demand is probably going to rise within the future, with a kink within the long term. The lockdown harmed the market across the world as a result of the cancellation of various types of consumer shifts, sports activities, halt, and suspension of activities, which primarily affected the industry.

 

Based on the region, the worldwide athletic competition management software market is segmented into the Asia Pacific, North America, Europe, and also the Middle East & Africa. North America dominates the athletic competition management software market because of the rising internet usage and an inclination toward cloud-based services from remote infrastructures within the region. Furthermore, increasing spending on the development of the skills of the sports player will influence the market growth in the North American region. Furthermore, the Asia Pacific region is expected to be the fastest-growing region during the forecast period. The growth of the Asia Pacific region is attributed to the increasing utilization of the software from the developing countries especially China during the forecast period.

 

Segment Covered

The report on global athletic competition management software market covers segments such as type, and end-user. On the basis of type, the sub-markets include cloud-based, and web-based. On the basis of end-user, the sub-markets include clubs, leagues, sports association, and coaches.

 

Companies Profiled:

The report provides profiles of the companies in the market such as ACTIVE Network, Race Entry, Athlinks, RedPodium, CaptureFit, CCN, Community Brands, Enjore Srl, EnMotive, and Fusesport.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of athletic competition management software market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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