Market Size of Spectator Sports Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spectator Sports Market Analysis
The spectator sports market has generated revenue of USD 286.99 billion in the current year and is poised to achieve a CAGR of more than 5% for the forecast period.
- Football and cricket are among the sports with the largest numbers of fans globally at more than 3.5 billion. The number and share of live sports viewers in the United States are observing a continuous increase, with around 47% (159 million) of the population watching live sports last year. Summer Olympics, FIFA World Cup, Winter Olympics, and English Premier League were among the most popular sports last year, attracting the largest number of Spectators.
- With the advent of COVID-19, sports organizations, sports organizations, and other players suffered a major loss with empty and limited seating in stadiums. This leads the markets and fans to adopt technology instead of going to watch events. TV viewership and social media engagement of fans observed an increase during the period for sports events and updates. A large segment of sports fans exists in the age group of above 35, driving the sports spectator market.
