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NEW YORK, May 18, 2023 /PRNewswire/ — The smart sports equipment market is estimated to grow by USD 19,159.7 million from 2022 to 2027, growing at a CAGR of 22.12%. North America is estimated to account for 35% of the global market growth during the forecast period. The US and Canada are the largest consumers of smart sporting goods in this region. Several sports organizations, federations, and sports clubs highlight the use of IoT technology and connected devices such as smart basketballs, smart soccer balls, and smart golfers. The rising demand for digitized sports devices, such as Wilson X-connected football and various sports analytics platforms from the US sports industry, is a key driver of the market. Hence, such factors drive regional growth during the forecast period.

Technavio has announced its latest market research report titled Global Smart Sports Equipment Market 2023-2027

For Comprehensive details on the market size of the historic period(2017 to 2021) and the forecast period (2023-2027) – View a Sample report

Vendor Landscape
The smart sports equipment market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products –The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now and take the first step towards improving your business strategy

Smart Sports Equipment Market – Market Dynamics

Major Drivers & Challenges-

One of the major factors driving the growth in the smart sports equipment market is the increased emphasis on the Internet of Things. Smart sports equipment plays a pivotal role to collect various

Esports tournaments and situations have been filling arenas. Now the Shopping mall of America wishes a piece of … [+] the action.

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The Mall of The usa, a pioneer in using points of interest like amusement parks and aquariums to draw crowds, is embracing a new variety of knowledge – esports. The shopping mall has a deal with Wisdom Gaming to make an esports broadcast studio and gaming venue.

The announcement could signal the begin of the esports period for malls, when obtaining a spot to host livestreaming video gaming situations turns into an important component for a modern shopping mall, as encounters switch traditional retail.

Wisdom Gaming plans to produce a room in which it can livestream esports competitions in entrance of a studio audience, and host other gaming occasions. The 18,000 sq. foot house, on the fourth flooring of the mall, will also have a gaming lounge serving meals and drinks, and a retail shop.

The esports location is scheduled to open up in the 1st quarter of subsequent 12 months.

Knowledge Gaming is turning this place at the Mall of The united states into a broadcast studio, function place, and … [+] gaming lounge for esports.

Knowledge Gaming

Knowledge Gaming also strategies to choose gain of the possibility to maintain significant esports situations in the mall’s TCF Rotunda, an open space that is applied for concerts and celeb appearances.

“The flexibility and the capability to scale is really what excites us the most about the partnership with the Mall of The united states,” mentioned Nicole Du Cane Spencer, vice president of product sales and partnerships at Wisdom Gaming.

In addition to internet hosting view parties and stay viewers gaming broadcasts in its studio, “we can scale it all the way up to accomplishing 10,000-in addition-persons functions

Tag: America

Smart Sports Equipment Market Size to grow by USD 19,159.7 million from 2022 to 2027, North America to account for 35% of market growth

Esports Arena And Studio To Open At Mall Of America