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.
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.
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.
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
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.
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.
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.
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.