Sports Digital Transformation Report

The Global Sports Innovation Center has released a report on Sports Digital Transformation, which highlights the significant economic impact and growth potential of the global sports market. Despite facing challenges due to the pandemic, the market is expected to continue growing at a rate of 9.1% and reach almost US $ 600B by 2025 and US $ 826B by 2030. This will lead to an increase in the number of stakeholders involved in the industry such as broadcasters, sponsors, and investors. The report notes that in 2018, the sports industry accounted for more than 2% of total EU GDP and almost 3% of EU employment, further emphasizing the significance of the industry.