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LONDON, GREATER LONDON, UK, July 22, 2019 /EINPresswire.com/ — The spectator sports market expected to reach a value of nearly $268.49 billion by 2022, significantly growing at a CAGR of 5.9% during the forecast period. The growth in the spectator sports market is due to factors such as rise in disposable income growing tourism.
However, the market for spectator sports market is expected to face certain restraints from several factors such as increased viewership of online TV and changing market trends.
The spectator sports market consists of sales of spectator sports services and related goods by entities (organizations, sole traders and partnerships) that includes sub sections of sports teams and clubs, race tracks and other spectator sports. This market includes sales from entry fees, merchandise and other related goods and services.
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The global spectator sports market is further segmented based on type and geography.
By Type – The spectator sports market is segmented into sports team & clubs, racing & individual sports among these segments, the sports team & clubs accounts for the largest share in the global spectator sports market.
By Geography – The global spectator sports market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the global spectator sports market.
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Trends In The Spectator Sports Market
Sports event organizers are implementing mobile ticketing to provide hassle free ticket purchase experience. Customers can buy and validate the tickets for any sporting event through their smart phones and will get updates regarding the event. Mobile ticketing reduced the costs associated with paper based ticketing channels. It provides the organizers with customer and fan database exchanged digitally through ticket transactions to formulate marketing strategies. For instance, Barcelona implemented mobile ticketing and eliminated paper tickets by introducing a new system that allows fans to scan a bar-code on their phones gain access to matches.
Potential Opportunities In The Spectator Sports Market
With the increase in viewership of sports events and growing trends for sports in recent years, the scope and potential for the global Spectator sports market is expected to significantly rise in the forecast period.
Major players in the global spectator sports market include Dallas Cowboys, Manchester United, FC Barcelona, Real Madrid, New York Yankees.
Spectator Sports Global Market Report 2019 is one of a series of new reports from The Business Research Company that provides spectator sports market overviews, analyzes and forecasts spectator sports market size and growth for the global spectator sports market, spectator sports market share, spectator sports market players, spectator sports market size, spectator sports market segments and geographies, spectator sports market trends, spectator sports market drivers and spectator sports market restraints, spectator sports market’s leading competitors’ revenues, profiles and market shares. The spectator sports market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More
Read Spectator Sports Global Market Report 2019 from The Business Research Company for information on the following:
Markets Covered: global spectator sports market, gambling, amusement parks and arcades
Data Segmentations: spectator sports market size, global and by country; historic and forecast size, and growth rates for the world, 7 regions and 12 countries
Spectator Sports Market Organizations Covered: Dallas Cowboys, Manchester United, FC Barcelona, Real Madrid, New York Yankees
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Time Series: Five years historic (2014-18) and forecast (2018-22).
Other Information And Analyses: PESTEL analysis, spectator sports market customer information, spectator sports market product/service analysis – product examples, spectator sports market trends and opportunities, drivers and restraints, key mergers and acquisitions, key metrics covered: number of enterprises, number of employees, global spectator sports market in 2019 – countries offering most new opportunities
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Spectator Sports Industry: The report explains a number of strategies for companies in the spectator sports market, based on industry trends and company analysis.
Opportunities For Companies In The Spectator Sports Sector: the report reveals where the global spectator sports industry will put on most $ sales up to 2022.
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Global Sports Market By Type (Participatory Sports, Spectator Sports, Sports Team & Clubs, Racing & Individual Sports And Spectator Sports), By Competitive Landscape And By Geography – Forecast To 2022
Source: EIN Presswire