With the emergence and long-term Impact of COVID-19, Global Sports App Market to reach USD 22.59 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Sports App Market points towards a potential rise to USD 22.59 billion by 2030. Sports App Market is a software applications market which is related to sports; it can be installed by users on their smartphones. Basically, used by athletes and sports lovers. The Sports App market is expanding because of factors such as high acceptance of cloud-based technologies solutions and rise in awareness and use of applications and internet. However, increasing innovation by the key players for its new applications and increase in sports fans and social networking tends to hinder the market.
Geographically, the global Sports App market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to rising popularity for the live streaming of sports specially wrestling AEW sports. Moreover, easy accessibility of using sports application and rising demand of OTT apps and subscription act as a driver for growth of this market. Furthermore, North America acting as a focal point for innovation.
Asia Pacific is expected to be the fastest growing during the forecast period, owing to factors such as increase in trend of subscription-based apps specially in developing countries such as China. Additionally, rise in popularity of digital payment services. As, according to Statista transaction value of digital payments in this region was USD 4.37 trillion. These apps need online payments to buy its subscription as more consumers are shifting to digital payments there will be a increase in people buying subscription of sports application resulting in growth of market.
The global Sports App market is highly competitive owing to the presence of several key players such as 365Scores Ltd ESPN, Inc. NBCUniversal, Inc. Warner Media, LLC Penn Entertainment, Inc., SuperSport LIVESCORE Group Limited beIN SPORTS DAZN Group Limited FuboTV Inc, and others.
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Key findings of the study suggest:
- Global Sports App Market is anticipated to grow with a healthy growth rate of more than 10.9% over the forecast period 2023-2030.
- In the Marketplace segment, Apple iOS Store emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising popularity for the live streaming of sports in the region.
- Asia Pacific is expected to grow at higher rate owing to increase in trend of subscription-based apps in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Marketplace:
- Google Play Store
- Apple iOS Store
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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