Increasing Sports Sponsorships Will Drive the Global Sports Market to $614 Billion by 2022: The Business Research Company
PR Newswire is a press release distribution service. On July 17, 2019, it released an article on the Sports Market, sourced from TBRC`S Sports Market report.The global 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 almost 56% of the market. The large share of this segment can be attributed to growing sports tourism, lifestyle changes that in turn increased popularity of various participatory sports, and increasing use of technology for a more personalized experience. For instance, bowling centers are increasingly utilizing technologies to offer better services to serve customers. They have started integrating high-end technological equipment such as auto scoring systems, online reservation systems, cashless debit card system and touch screen F&B systems.