COVID-19 Impact on the Sports Management Software in Semiconductors and Electronics Industry

COVID-19 Impact on the Sports Management Software in Semiconductors and Electronics Industry

  • Semiconductors and Electronics
  • Oct 07, 2020

COVID-19 Impact on the Sports Management Software in Semiconductors and Electronics Industry

COVID-19 is a pandemic disease which has created severe outbreak in all countries starting from China to almost in every country. It impacted the human life, world economy, sports sector, industrial sector and others owing to which lockdown is initiated for the prevention and for minimizing the spread. To control the disease spread, lockdown is so far the better solution observed in many countries but it has adversely affected the economy. It impacted the sports industry in both positive as well as in negative way as all sports events, tournaments, leagues and other activities has been postponed or cancelled which indirectly results into a slow growth for sports management software market. On the other hand, it created an opportunity for the sports management software market through continuous adoption of online game events, competitions and others. Rising demand or importance of sports management software for eSports tournament management in the pandemic situation is helping the sports management software market to reduce the loss in an indirect manner. Demand in particular segment such as eSports will not lead the sports management software market growth but it can help the market players to sustain and generate revenue to some extent.

IMPACT ON THE SPORTS INDUSTRY

COVID-19 has created a major impact on the sports industry as almost every country has postponed or cancelled the sports events and other activities which gather the crowd together. To prevent the spread of corona virus disease, the government has taken some strict actions such as closing the gym, fitness clubs, associations and others. Only businesses which are dealing in the essential services are allowed to be open and run the further processes. The sports are not considered to be a major part of the essential services but still the sale of fitness products is allowed for the customers to maintain the health and fitness to boost the immunity level. It has created major effect on the sports events growth as revenue generation is stopped owing to no new sports to broadcast.

For instance,

  • In May 2020, ESPN reported that around USD 12.00 billion revenue loss has been faced for the U.S. country only. The sports events got cancelled which created major impact on the sports industry revenues. The shutdown hampered the college sports by around USD 3.90 million, while for the U.S. pro sports is facing the loss of USD 5.50 billion and sport tourism with USD 2.50 billion loss.

IMPACT ON SPORTS MANAGEMENT SOFTWARE MARKET 

There is both positive as well as negative impact of the COVID-19 disease on sports management software market as it lowered its consumption while at the same time it increased the eSports customer base for indoor participations. It created an opportunity to enhance their online services and solutions for fitness guide, sports and others. The implementation of the sports management software for leagues, association, coaches and others is temporarily closed or shut down due to government’s strict laws. It hampered the growth of the sports management software market as the market players are facing the major drop in revenues owing to the low or zero sale in first quarter of the 2020. Sports events, tournaments, exhibition and others are either cancelled or postponed for next year which restricted the knowledge sharing and new technology introduction for the sports management software market.

For instance,

  • In April 2020, the Confederation of African Football (CAF) has postponed the African Champions League events two-legged semi-finals. Similarly various tournaments such as Nations League Finals, Major League Soccer (MLS) and others are postponed owing to the COVID-19 lockdown.

COVID-19 has created severe impact on the sports management software market with the implementation of shutting down the sports events and activities. The new development for the eSports tournaments is creating opportunity for the sports management software market to generate some revenues in the quarantine situation.

Opportunities for the sports management software market in covid-19 situation

TO DEVELOP ADVANCED BROADCASTING AND FAN ENGAGEMENT SOFTWARE AND APPS:

The pandemic situation created strong opportunity for the sports management software to provide the advanced broadcasting solutions as the sports are being resumed or reorganized without having crowd in the stadium. The new spot broadcasting apps, software with added views and the best video analysis has strong opportunity in the sports management software market to utilize their solutions and increase the viewer’s base. The sports events are getting resumed under closed doors for fans to visit the facility but are allowed to connect through live streaming.

For instance,

  • In May 2020, Japan sports industry is introducing the new application to support the sport events having no crowd amid the COVID-19 situation. The new Remote Cheerer app is introduced for fans to support their team with cheering
  • In May 2020, Bundesliga broadcaster is offering the viewers a broadcasting of Bundesliga matches having the recorded crowd noise. The resuming of such events is creating an opportunity for the broadcasting segment to grow in the pandemic situation.
  • In April 2020, Swiss authorities announced that they are allowing the football season to restart the event without having any audience. Such start over of the event creates great opportunity for the sports management software market to develop new solutions for the fan engagement.

Such new development in the solutions and rising sport events with enhanced precaution to lower the COVID-19 is major opportunity for the sports management software market.

TO DEVELOP ESPORTS MANAGEMENT SOFTWARE:

The lockdown situation emerged due to COVID-19 situation is helping the eSports industry to grow with the significant rate as youth are getting more attracted towards eSports and video games. Market players are developing new software platform to support the eSports tournaments.

For instance,

  • In March 2020, Pepper Esports Inc, company introduced new AI technology based eSports platform for the players. The new tournament platform is introduced for the colleges, gaming centers and others to operate their events of esports tournaments from home. Such development is clearly stating the strong opportunity ahead of the sports management software market which needs to be grabbed.

CONCLUSION

The pandemic situation created by COVID-19 has major impact on the sports management software market as it lowered its consumption or usage owing to the lockdown initiated by governments. On the other hand, the potential of the solution to overcome the situation with eSports, online gaming and other better solutions is creating a prospect to grow but currently it’s in the development phase for the sports management software market.

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