Gmi Research

  Sports Technology Market The Sport Technology Market was valued at USD 15,200 Million in 2020 and projected to grow at a robust CAGR of 17.5% over the forecast period (2021-2028). The factors driving the growth of Sports Technology Market includes growing use of smart wearables and connected devices by athletes, growing number of sporting events around the world and extensive application of sports technology in outdoor sports such as Cricket, Volleyball, Soccer and Hockey. As per the report published by Bloomberg, the Global Wearable Technology Market is anticipated to reach $184.4 Billion by the end of 2031, growing at a CAGR of 12.8% during the forecast period (2022-2031), which will boost the Global Sports Technology Market in the upcoming years. Moreover, the increasing technological advancements in software with the integration of Internet of Things and Artificial Intelligence, is expected to augment the Sports Technology Market size in the approaching years. In addition, ...

  Sports Technology Market : Growth opportunities in the Sports Technology Market look promising over the next six years. This is mainly due to the rising number of sports events along with the growing adoption of connected devices in sports technology and the ability to wearable products to offer in-depth analysis into the data-driven. Request for a FREE Sample Report on Sports Technology Market Sports Technology Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The major key drivers that are contributing to the growth of the global sports technology market include the rising number of sports events taking place at the global level. The government of India launched the scheme including "Khelo India", which address issued such as infrastructure, technology which is helping the market to expand. Moreover, the rising acceptance of wearable equipment by athletes is further surging the growth of the sports ...