Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the 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 the long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the 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.
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 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 in 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.
The report on the 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.
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.
The report provides deep insights
into 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 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 the 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 insight into the market share of the leading players.
Please Choose One of them.