DUBLIN—As the sports business undergoes rapid changes in the next few years, with more live games moving to streaming platforms and live sports becoming an even more important staple on TV networks, a new report is predicting rapid growth in the U.S. market for sports technologies.
The "Sports Technology Market Research Report” from ResearchAndMarkets estimates that the market will grow from $2,259.44 million in 2020 by a CAGR of 20.75% to reach $7,004.50 million by 2026.
More information on the report, which offers breakdowns by technology, various sports and individual states, is available here.
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George Winslow is the senior content producer for TV Tech. He has written about the television, media and technology industries for nearly 30 years for such publications as Broadcasting & Cable, Multichannel News and TV Tech. Over the years, he has edited a number of magazines, including Multichannel News International and World Screen, and moderated panels at such major industry events as NAB and MIP TV. He has published two books and dozens of encyclopedia articles on such subjects as the media, New York City history and economics.