South Korea Sports Technology Market Size & Outlook
South Korea sports technology market, 2018-2030 (US$M)
Related Markets
South Korea sports technology market highlights
- The South Korea sports technology market generated a revenue of USD 930.6 million in 2023 and is expected to reach USD 4,032.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 23.3% from 2024 to 2030.
- In terms of segment, smart venues was the largest revenue generating technology in 2023.
- Analytics & Statistics is the most lucrative technology segment registering the fastest growth during the forecast period.
Sports technology market data book summary
| Market revenue in 2023 | USD 930.6 million |
| Market revenue in 2030 | USD 4,032.9 million |
| Growth rate | 23.3% (CAGR from 2023 to 2030) |
| Largest segment | Smart venues |
| Fastest growing segment | Analytics & Statistics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Smart Venues, Analytics & Statistics, Esports |
| Key market players worldwide | Apple Inc, CGT Catapult, Cisco Systems Inc, HCL Technologies, International Business Machines Corp, Infosys Ltd ADR, Oracle Corp, Panasonic Holdings Corp, SAP SE, Sony Group Corp, Telefonaktiebolaget L M Ericsson ADR, Amazon.com Inc, Genius Sports Ltd, Microsoft Corp, SAS, Sportradar Group AG Class A, DraftKings Inc Ordinary Shares - Class A, Dream International Ltd, ChyronHego, Modern Times Group, deltatre, Ernst & Young Global Consulting Services, Synergy Sports, CBS Sports Network, Dream Sports, FanDuel |
Other key industry trends
- In terms of revenue, South Korea accounted for 6.3% of the global sports technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China sports technology market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 830.3 million by 2030.
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Sports Technology Market Scope
Sports Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea sports technology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sports technology market will help companies and investors design strategic landscapes.
Smart venues was the largest segment with a revenue share of 55.57% in 2023. Horizon Databook has segmented the South Korea sports technology market based on devices, smart venues, analytics & statistics, esports covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea accounted for the market share of 23.1% in 2022 and is anticipated to continue a similar trend over the forecast period due to rising social problems such as rapidly rising medical costs, increasing obesity, and a shrinking workforce has encouraged citizens to engage in sporting events and activities to improve and maintain public health.
The government actively carries out sporting events and national policies to encourage citizens. For instance, the country has hosted the World Championship in Athletics, the World Cup, and Summer and Winter Olympics, the top four sporting events in the world.
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Our clientele includes a mix of sports technology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea sports technology market , including forecasts for subscribers. This country databook contains high-level insights into South Korea sports technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea sports technology market size, by technology, 2018-2030 (US$M)
South Korea Sports Technology Market Outlook Share, 2023 & 2030 (US$M)
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