The Future Of The Sports Industry, How Emerging Technologies Will Revolutionize The Sports Industry, The Benefits Of Leveraging Robots In The Sports Industry, And How To Earn Money Online So That You Can Afford To Procure Your Own Memorabilia Collection

Download or read book The Future Of The Sports Industry, How Emerging Technologies Will Revolutionize The Sports Industry, The Benefits Of Leveraging Robots In The Sports Industry, And How To Earn Money Online So That You Can Afford To Procure Your Own Memorabilia Collection written by Dr Harrison Sachs and published by . This book was released on 2020-12-13 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This essay sheds light on the future of the sports industry and explicates how emerging technologies will revolutionize the sports industry. Moreover, the benefits of leveraging robots in the sports industry is elucidated in this essay. Furthermore, how to earn substantial money online so that you can afford to buy your own sports memorabilia collection is expounded upon in this essay. The future of the sports industry will not only be characterized by dynamism as it continues to metaphorically evolve, but will also be eminently auspicious for sports industry competitors and customers. Technological advancements are profoundly changing the sports industry and are rendering it all the more technology driven. The sports industry shows no signs of decelerating anytime in the imminent future. sports industry competitors are poised to have prosperous, lucrative, and auspicious futures as disposable incomes rise among customers and as the desire to partake in participatory sports and indulge in watching spectator sports builds traction worldwide among customers. Customers are making a more substantial investment in attending or accessing sports events. In the digital era, customers embrace living face paced, busy lives and are looking for an escapism to divert their attention away from the monotonies of everyday life. Sports events ushers in excitement into the customers' life since customers love the thrill of watching sports professionals compete against one another."The global sports market reached a value of nearly $488,500,000,000 in 2018, having grown at a compound annual growth rate of 4.3% since 2014, and is expected to grow at a compound annual growth rate of 5.9% to nearly $614.1 billion by 2022.". Rising demand for sports can be partially attributed to the ineffably exciting, stimulating thrill that indulging in watching sports provide customers. "Going forward, increasing sports sponsorships, growing popularity of esports, an increase in the number of Internet accessible devices. and the emergence of multiple sports channels to capture viewership will drive growth" in the behemoth sports industry. Rising disposable incomes across the world as well the rapid growth of the global population will contribute to increasing demand for sports. The sports industry offers more for customers than just the opportunity for customers to bask in watching professionals athletes compete against one another at sports events. Customers can also indulge in playing stimulating sports even if they cannot compete at sports at a professional level. "The sports market is segmented by type of engagement into participatory sports and spectator sports. The participatory sports market accounted for the largest share of the sports market in 2018 at 56.4%. The spectator sports market is expected to be the fastest-growing segment going forward at a compound annual growth rate of 5.9%". More customers prefer to indulge in watch professional athletes compete against one another at sports events rather than dabble into playing sports. The sports industry is slated to have a robust future. Demand for both spectator sports and participatory sports is increasing around the world. Customers ineffably love watching or playing sports since it is a stimulating social activity that allows them to experience the thrills of life. People are competitive in nature and love to vicariously experience sports by watching their favorite athlete compete against one another at sports events at a professional level. "The spectator sports market is segmented by type into sports teams and clubs, and racing and individual sports. The sports teams and clubs market accounted for the largest share of the spectator sports market in 2018 at 72.5%. It is expected to grow the fastest going forward at a compound annual growth rate of 6.8%". It is unsurprising that demand for spectator sports continues to rise, especially as more people procure internet connections and smartphones.