South Korea Sports Technology Market Size & Outlook
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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 |
|---|---|---|---|---|
| FanDuel | View profile | 1001-5000 | New York, New York, United States, North America | http://www.fanduel.com |
| Dream Sports | View profile | 501-1000 | Mumbai, Maharashtra, India, Asia | https://dreamsports.group |
| CBS Sports Network | View profile | 501-1000 | New York, New York, United States, North America | http://www.cbssportsnetwork.com/ |
| Synergy Sports | View profile | 251-500 | Anacortes, Washington, United States, North America | https://www.synergysports.com |
| Ernst & Young Global Consulting Services | View profile | 251-500 | Nassau, New Providence, Bahamas, North America | https://www.ey.com/ |
| deltatre | View profile | 101-250 | Torino, Piemonte, Italy, Europe | http://www.deltatre.com |
| Modern Times Group | View profile | 1001-5000 | Stockholm, Stockholms Lan, Sweden, Europe | http://www.mtg.com/ |
| ChyronHego | View profile | 101-250 | Melville, New York, United States, North America | http://chyronhego.com/ |
| Dream International Ltd | View profile | 26210 | 75 Mody Road, 6th Floor, Tower 1, South Seas Centre, Tsim Sha Tsui, Kowloon, Hong Kong | https://www.dream-i.com.hk |
| DraftKings Inc Ordinary Shares - Class A | View profile | 4400 | 222 Berkeley Street, 5th Floor, Boston, MA, United States, 02116 | https://www.draftkings.com |
| Sportradar Group AG Class A | View profile | 4383 | Feldlistrasse 2, St. Gallen, Switzerland, CH-9000 | https://www.sportradar.com |
| Genius Sports Ltd | View profile | 2100 | 27 Soho Square, 1st Floor, London, United Kingdom, W1D 3QR | https://www.geniussports.com |
| Telefonaktiebolaget L M Ericsson ADR | View profile | 99952 | Torshamnsgatan 21, Kista, Stockholm, Sweden, SE-164 83 | https://www.ericsson.com |
| Infosys Ltd ADR | View profile | 322663 | 44, Infosys Avenue, Hosur Road, Electronics City, Bengaluru, KA, India, 560 100 | https://www.infosys.com |
| CGT Catapult | View profile | 251-500 | London, England, United Kingdom, Europe | https://ct.catapult.org.uk |
| SAS | View profile | 10001+ | Cary, North Carolina, United States, North America | http://www.sas.com |
| HCL Technologies | View profile | 10001+ | Noida, Uttar Pradesh, India, Asia | http://www.hcltech.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| SAP SE | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Sony Group Corp | View profile | 113000 | 7-1, Konan 1-Chome, Minato-ku, Tokyo, Japan, 108-0075 | https://www.sony.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
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 2024. 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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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$M)
South Korea Sports Technology Market Outlook Share, 2024 & 2030 (US$M)
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