Global Smart Sports Equipment Market to Surge Past Valuation of US$ 1.2 Bn
The global smart sports equipment market is projected to register a healthy growth in terms of valuation during the forecast period (2017 to 2022), according to a new market study by XploreMR. The growth of the market is majorly attributed to surging demand for data-driven analysis in sporting activities, which is positively influencing the sales of smart sport equipment. Increased emphasis on data in making decisions related to sports has been a crucial factor in driving the need and demand for smart sports equipment.
Analyzed data regarding sports and players aids teams and leagues to fund accordingly and also bestows higher chances to win tournaments. From a broader perspective, though, the adoption of smart sports equipment is majorly concentrated among consumers who use the smart tools to gauge their healthy lifestyle and exercising regime on a daily basis, unlike corporations that use them for competitive tracking.
Relatively new to the sporting space, but smart products available include smart basketball, smart footballs, smart rackets, smart golf stick, smart helmet, and others, which are gaining remarkable traction. On the back of these factors, the global smart sports equipment market is projected to surge past valuation of US$ 1.2 Bn by the end of 2022.
While practice does make one perfect, evaluating the performance of athletes during practice sessions has a determinative influence on their performance at competitive sporting events. Smart sports equipment are pegged to be the next-generation tool for assessing the competitive strength of athletes in the global sports industry. Although, lack of awareness and technological limitations are expected to influence slow penetration of smart sports equipment, globally. The report, compiled by XploreMR, provides in-depth analysis of the global smart sports equipment market for the forecast period 2017-2022, and offers key insights about future market direction.
The scope of XploreMR’s report is to analyze the global smart sports equipment market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Smart sports equipment manufacturers, stakeholders, and suppliers in the global sports industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.
Smart Sports Equipment Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022Buy Now
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