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The increasing sports sponsorships are expected to be a key driver of the sports market in the forecast period, as per The Business Research Company’s spectator sports market opportunities and strategies report.

The spectator sports market is expected to grow from $164.93 billion in 2021 to $354.00 billion in 2026 at a rate of 16.5%. The global spectator sports market size is then expected to grow at a CAGR of 11.0% from 2026 and reach $597.53 billion in 2031.

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Major players in the spectator sports market include Dallas Cowboys, Real Madrid, FC Barcelona, New York Yankees, Manchester United Football Club.

Sports organizers are implementing virtual reality (VR) technology to improve the spectators’ experience in sporting events. Virtual reality generates images, sounds and other sensations that simulate a physical presence in an imaginary environment. Clubs and teams are experimenting with simulated and 360-degree environments to enhance the match viewing experience of the spectators by allowing them to have a virtual walkthrough of the stadium or the race track and view the match at different angles.

The Global Spectator Sports Market Is Segmented:

By Type of Sport: Badminton, Baseball, Basketball, Cricket, Cycling, Hockey, Ice Hockey, Racing, Rugby/ Football, Soccer, Table Tennis, Tennis, Volleyball, Wrestling/Boxing, Mixed Martial Arts, Others

By Type: Sports Team & Clubs, Racing & Individual Sports (Individual Sports, Racing And Cycling

By Revenue Source: Media Rights, Tickets, Sponsorship, Merchandising

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global template market.

TBRC’s Spectator Sports Market Report Covers:

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Spectator Sports Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough spectator sports market research, analyzes and forecasts spectator sports market size, spectator sports market share, spectator sports market players, spectator sports market trends, spectator sports market segmentation and geographies, leading competitor revenues, profiles and market shares.

TBRC’s spectator sports market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

The spectator sports market consists of sales of spectator sports services and related goods by entities that provide live sporting events for a paying audience.

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