The Business Research Company Spectator Sports Market Report – Opportunities and Strategies – Global Forecast to 2030
LONDON, GREATER LONDON, UK, June 10, 2021 /EINPresswire.com/ – Sporting event organizers are implementing mobile ticketing to provide a hassle-free ticket buying experience. Customers can purchase and validate tickets for any sporting event through their smartphones and will receive updates regarding the event. Mobile ticketing has reduced the costs associated with paper ticketing channels. It provides organizers with a database of customers and fans digitally exchanged through ticket transactions to formulate marketing strategies. For example, Barcelona implemented mobile ticketing and eliminated paper tickets by introducing a new system that allows fans to scan a barcode on their phones to access matches.
The Spectator Sports market comprises the sales of Spectator Sports services and related products by entities (organizations, independent traders and partnerships) which include sub-sections of sports teams and clubs, racetracks and others. spectacle sports. This market includes sales of entry fees, merchandise and other related goods and services.
The main players covered by TBRC’s Spectator Sports market research are the Dallas Cowboys, Manchester United, FC Barcelona, ââReal Madrid and the New York Yankees.
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The size of the global spectator sports market is expected to grow from $ 108.48 billion in 2020 to $ 132.6 billion in 2021 at a compound annual growth rate (CAGR) of 22.2%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 183.45 billion in 2025 at a CAGR of 8%.
North America was the largest region in the global entertainment sports market, accounting for 35% of the market in 2020. Asia-Pacific was the second largest region accounting for 31% of the global market. Africa was the smallest region in the world entertainment sports market.
The global Spectator Sports industry report is segmented by Type into Sports Teams and Clubs, Races and Individual Sports, by Media Rights Revenue Source, Merchandising, Tickets, Sponsorship and by Sports Type in Soccer, Cricket, Rugby / football, tennis, others.
The sub-segments covered are football clubs, rugby clubs, other sports teams and clubs, basketball clubs, motor racing, horse racing, other races and individual sports.
Spectator Sports Market – By type (sports teams and clubs, races and individual sports), by revenue source (tickets, media rights, sponsorship, merchandising), by media type (traditional media, non-traditional media), by sport (badminton, Baseball, basketball, cricket, cycling, hockey, ice hockey, racing, rugby / football, soccer, table tennis, tennis, volleyball, wrestling / boxing, others), and by region, opportunities and Strategies – The Global Forecast to 2023 is one of a series of new reports from The Business Research Company that provides an overview of the Spectator Sports market, a forecast of the Spectator Sports market size and growth for the entire market, spectator sports market segments and geographies, spectator sports market trends, spectator sports market drivers, restraints, major revenues, profiles and shares market of designed rrents.
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