Sports are evolving year after year and today we will look out and outline the top 10 future trends in the sports industry that will rule the world in the future.
The sports will unite with the technology to take the experience to the next level according to reports. Either we talk about the development of smart stadiums with added features like hologram displays, video walls, social media follower-based seating, and virtual reality applications or we talk about the evolution of Esports in recent years there is a sense of evolution we can clearly outline in recent past.
The advancement of technology like virtual reality augmented reality is a major boost in the sports industry. One thing for sure the technology will be a greater impact on the sports industry in the future.
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Let’s check out the top 10 future trends in sports industry:-
Top 10 Future Trends In Sports
1 Professional Sports Landscape Is Evolving
Sports are emotion for the fans around the world so it’s clear to say that any sports trends which evolve will have an impact on players, fans, and the people around the world. Technology completely changes the sports to be played and hence there is an improvement in the performance of the players. No doubt that technology like Virtual reality and augmented reality will intensify the sports-viewing experience for fans around the world. This makes the fans more enjoy the game and making them closer to sports.
2 The Sports Media Will Change The Way It Delivers Content
The most common way people watch sports content is through traditional tv. But in the future, there is a possibility that Sports media will change the way it delivers content. There is a high rise of OTT and streaming services around the world.
The sports entertainment industry like WWE already has pay-per-view events. Pay-per-view (PPV) is a type of pay television service in which a viewer can purchase events to view via private telecast. This might be the future for all sports industries. The basic principle is to only pay for content that we want to watch.
Pay-per-view service may completely replace the traditional TV and streaming will be hyped. We all know about Netflix so be prepare for a Netflix of sports in the coming years.
3 Technology Rise Have Impact on Athletes And Their Sports
There is no denying the fact that technology made our life easy and will continue to do so. In the same way, it will also have a great impact on the sports industry. Technology helping the fans to watch and feel the game and helping the athletes to prepare for the game. The advancement of technology like augmented and virtual reality is also remodeling the user experience. In terms of sports, technology helped the industry to better manage the game.
Virtual reality is used as training support in many sports including golf, athletics, skiing, cycling, NBA, etc. It is used as an assistant to measure athletic accomplishment as well as examining technique. The NBA is one of those sports that has made the most progress by adopting VR. Another advantage of virtual reality sports simulators that they could help players to keep their minds sharp.
4 The Global Reach of Esports
Esports is an industry that is increasing day by day. According to the estimates, global eSports market revenue will reach almost 1.6 billion U.S. dollars in 2023. The estimated figure shows the global strength of this industry. There is no doubt the future of Esports is bright. The most valuable Esports team is TSM (Team SoloMid). The American organization has topped this year’s list and is worth $410 million. They have teams for the games like PUBG, League of Legends, Rainbow Six Seige, Overwatch.
The Increased fan base and the growing popularity helped esports to be on the top of the sports industry. Esports will keep on rising in the future and we will see more participation in the near future.
The biggest advantage of the Esports industry is that it can be accessed anywhere in the world. The participant just needs a computer and internet to play the game with anyone around the world. This makes Esports notably accessible to everyone around the globe.
5 The Rise of Biomedical Science and Neuroscience Boosting The Performance of Athletes
Every athlete’s body required a certain fitness level to compete at the highest level of the game. While playing at the highest level players go under injuries. So In order to maximize performance, biomedical science plays a vital role. So the particular skill of the player needs particular training and fitness. As the game becomes more competitive it required more mental and physical care. Sometimes it’s very difficult for an athlete or coach to discover the exact state of work inside the body.
So it’s very common to see athletes to be surrounded by multiple support staff with scientific or medical expertise. This is to ensure that the athlete can play at the maximum level.
Neuroscience is another aspect of improving the mental health of athletes. Taking care of mental health is equally vital as taking care of the body. Neuroscience helps the athlete to regulate the brain, equip the brain, and enhance in a way that completely transforms the athlete to be a world-beater.
One of the recent advancements done in the sports industry is the rapid growth of tools that helps to accurately estimate the brain functions like processing speed and reaction time etc. Combining biomedical science and Neuroscience helps to upgrade the brain which ultimately benefits professional athletes to achieve endless improvements.
6 Athletes Remodeling the Ways to Engage With Fans
The most common way of engaging with the fans is through social media platforms. The other different ways of communication are the club’s official apps and sites.
Fans are already following their sports icons and the teams. They are supporting their favorite clubs and players by watching the game online or buying tickets for the venue. Another social networking site that made engagement possible is Facebook. Facebook has media rights of some sports including the league like La Liga in many countries.
For sports organizations, OTT produces an effective way to engage with a fragmented fan base. I already said earlier that OTT is the future in the sports industry. An OTT will completely change the user experience of the fan base around the world, serving to augment the brand while collecting valuable customer data.
7 The Sport Business Managers Are Here to Stay
Digitalization is growing at a fast rate. It already evolved many industries around us. Sports business management is also something to look up for it.
Sports business managers are responsible for sales, sponsorship growth, and brand building via merchandising and licensing. Its fullness will keep on increasing and this skill will see rapid growth in the near future.
8 Brand Value of the Athlete Will Keep on Increasing
The global reach of sports is known to everyone. The fan following of sports personality is insane and increasing day by day. This makes the athlete more powerful. Brands are targeting athletes to promote their stuff which makes benefit for both parties. Brands endorsed by the athletes are Rolex, Mercedes Benz, Nike, Coca-Cola, Nike, Upper Deck, McDonald’s, Samsung, Microsoft, and many more.
This trend helps the brand and the athletes to increase their source of revenue, which ultimately satisfies both parties.
9 Global Trend
Who doesn’t like globalization? Whether it’s a company or an individual. Being a company and having global customers or being an individual and having a global reach, it’s always satisfying to have it. In the same way, it’s equally vital to have global audiences, global fans, global leagues in the field of sports. Everyone is accessible nowadays with access to the internet.
Covid 19 has already taught us that any work could be possible by working from home, something which is here to stay for a long time. The world of sports is also globalizing. Top clubs have global fans and top players too have a global outreach.
It means the user, rights holders, and the sponsors are all going global. It’s easy to say to be on top you have to target users globally.
10 Women’s Sports
The rise of women’s sports is growing and that is something you can’t deny of. FIFA Women’s World Cup 2019 is one of the events which show the growth of women’s sports around the world. The 2019 world cup proved to be the biggest hit, breaking previous ticketing and broadcast records.
While women’s sports remains to face certain challenges, which includes inadequate prize money and dizzier sports venue attendance but still keeps on growing. It provides a revenue stream through top leagues around the world, sponsorship, and enhanced ticket sales.
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Top 10 Richest Cricketers In The World 2021
In this article, we will talk about the top 10 richest cricketers in the world in 2021.
Cricket is one of the most well-known sports in the world. The global popularity of the games brings plenty of money with advertisements, promotions, and different T20 leagues carried around the world. Tournaments such as the Big Bash League (BBL) and the Indian Premier League (IPL) generate enormous revenues for the sponsors.
cricketers have a huge fan base around the world. Due to their immense popularity, they made a large sum of money with their profession. Today we will talk about the top 10 richest cricketers in the world in 2021.
In this article, we will check out in a detailed manner which cricketers in the world are making the most money in 2021.
Let’s check out the top 10 richest cricketers in the world in 2021.
Top 10 Richest Cricketers In The World 2021
10 Shane Watson (35 Million)
Shane Watson is a former Australian all-rounder known for his explosive batting. He was the world No. 1 T20I all-rounder for 150 weeks. He is also named as one of the finest all-rounders the world has ever seen.
Watson holds numerous records in all formats of the game. Forbes claimed Watson as one of the highest-paid non-Indian cricketers in the world for five consecutive years between 2011 and 2015.
He is regarded as one of the most prominent white-ball players in the modern era. He also won the Player of the Series in a number of important tournaments. At the later stages of his IPL career in 2018, he was signed by Chennai Super Kings.
Watson has bought many luxury cars and homes in Australia. The total net worth of Shane Watson estimated around 35 million in 2021.
9 Yuvraj Singh (35 Million)
Yuvraj Singh is a former Indian cricketer and one of the best all-rounder in the cricketing world. Yuvraj was known for his stroke play and his fielding abilities.
At the 2014 and 2015 IPL auction, Royal Challengers Bangalore and Delhi Daredevils bought Yuvraj for a very high price tag of 14 crores and 16 crores respectively, making him the most valuable player in the history f IPL. However this year Chris Morris broke the record when Rajasthan Royals bought him for 16.25 crore in February 2021.
He has signed by big brands like Pepsi, Reebok, Birla Sun Life, Royal Mega Stag, Laureus & Benz, Whirlpool, Cadbury, Revital, Puma, LG, and a lot more.
Yuvraj has a wide selection of cars which includes Audi Q5, BMW 3 Series, and Bentley Continental. The total net worth of Yuvraj Singh is estimated around 35 million in 2021.
8 Jacques Kallis (35 Million)
Kallis is widely known as one of the greatest players and best all-rounder in the history of the game. He is one of the greatest players South Africa has ever produced. Kallis was designated as the Leading Cricketer in the World in 2008.
He is also the only cricketer in the history of the game to score more than 10,000 runs and take over 250 wickets in both ODI and Test match cricket. He gained most of his money from his professional cricket career.
After his retirement, most of his earning came from coaching roles for different teams around the world. The net worth of Jacques Kallis is estimated at around 35 million in 2021.
7 Virender Sehwag (40 Million)
Virender Sehwag is the most explosive batsman in cricket history. There is no better opener in the game other than Sehwag. He is regarded as one of the most destructive batsmen of all time.
Sehwag became the first Indian batsman to be acknowledged as the Wisden Leading Cricketer in the World for his outstanding performance in 2008. He is one of the four batsmen around the world to surpassed 300 twice in Test cricket.
Sehwag currently endorses major brands like Adidas, Boost, Samsung Mobiles, Reebok, Hero Honda, and many more. The total net worth of Virender Sehwag estimated at around 40 million in 2021.
6 Shane Warne (50 Million)
Shane Warne is a former Australian cricketer widely regarded as one of the greatest bowlers in cricket history. Warne’s 708 Test wickets was a world record that was later broken by the Sri Lankan spin wizard Muttiah Muralitharan on 3 December 2007.
He was also named as a bowler in Australia’s “greatest ever ODI team”. In 2013, Warne was drafted into the ICC Cricket Hall of Fame.
He has endorsed some big brands like Pepsi, and McDonald’s. The net worth of Shane Warne is estimated at around 50 million in 2021.
5 Brian Lara (60 Million)
Brian Lara is widely recognized as one of the greatest batsmen of all time. He holds several cricket records and topped the test batting rankings numerous times.
Lara had the highest individual score in test innings(400) which he achieved against England at Antigua in 2004.
He had a long association with the Tyre company MRF. He also endorsed some brands and has a net worth of $60 million in 2021.
4 Ricky Ponting (65 Million)
Ricky Ponting is rated one of the most successful captains in international cricket history, and one of the most astonishing batsmen the world has ever seen.
He was named “Cricketer of the Decade 2000”. He is known as the best batsman of the modern era, alongside some of the great players like Sachin Tendulkar and Brian Lara.
In July 2018, he was enlisted into the ICC Hall of Fame. The interesting fact is that Ponting is the only captain after Clive Lloyd to lead his team to win two consecutive ICC World Cups in 2003 and 2007.
He has been a part of many brands like Valvoline, Adidas, Rexona, and a lot more. The net worth of Ricky Ponting is estimated at around 65 million in 2021.
3 Virat Kohli (92 Million)
Virat Kohli is currently the most complete batsman of the modern era. There is no one who has achieved as much as Virat Kohli in the last 10 years.
He holds the world record for being the fastest batsman to 8,000, 9,000, 10,000, 11,000, and 12,000 runs in ODI cricket.
Kohli is listed as one of the world’s most popular athletes by ESPN and one of the most marketable athletes by Forbes. Kohli receives a huge amount of money from his brands like Puma, Audi, MRF, Colgate-Palmolive, Tissot. He also has his own fashion brand named WROGN.
Virat total net worth is estimated around 92 million in 2021.
2 MS Dhoni (111 Million)
MS Dhoni is widely admired as one of the greatest wicket-keeper batsmen and captains in the history of the game. The cricket world has never seen a better finisher than him in history. He was also the first wicket-keeper to achieve 100 stumpings in ODI cricket.
Dhoni became the first captain in history to win all three ICC tournaments which include World Cup, Champions Trophy, and Twenty20 world cup. Time magazine added Dhoni to the top 100 lists as one of the “Most Influential People in the World.”
SportsPro also ranked Dhoni as the sixteenth most commercial athlete in the world. Dhoni has endorsed a lot of big brands like Reebok, TVS Motors, Red Bus, Sony Bravia, Lays, Snickers, GoDaddy, Orient, Gulf Oil, and a lot more.
The net worth of MS Dhoni is estimated at around 111 million in 2021.
1 Sachin Tendulkar (150 Million)
Sachin Tendulkar is considered the greatest player of all time in the history of cricket. He is also the highest run-scorer in international cricket. He is the only cricket player to achieve more than 30,000 runs in international cricket.
In 2019, Tendulkar was drafted into the ICC Cricket Hall of Fame. He endorses global brands like Phillips, Britannia, VISA, BMW, Pepsi, Luminous, Adidas, Canon, Castrol, etc.
He had also a long association with the tyre company MRF. The total net worth of Sachin Tendulkar is estimated around 150 million in 2021.
MS Dhoni is richer than Virat Kohli. There is no denying the fact Virat Kohli is the highest-paid cricketer in the world however his net worth is at $92 Million. Whereas, Dhoni had a net worth of $111 Million.
Virat Kohli Net Worth is $92 Million. Virat Kohli is one of the highest-paid Indian cricketer.
Virat Kohli is not a billionaire. His total net worth is estimated around 92 million in 2021.
Sachin Tendulkar is the richest cricketer in the world, with a total net worth of 150 million.
Top 10 Richest Footballers In The World 2021
Footballers earn a lot of money with their profession. In this article, we will check out the top 10 richest footballers in the world in 2021.
Soccer is the most renowned and the followed game around the world. Football is a global sport that is played in over 200 countries worldwide. The game has more than 3.5 billion fans across the planet. The craze of this game is on the next level.
Football is also one of the most-watched sports nowadays. being the most popular games, there are footballers who make a lot of wealth from their profession.
You might have heard about some footballers who are making millions and billions with their profession. Let’s come straight to the point and check out the top 10 richest footballers in the world in 2021.
First, we will talk about the other top 5 richest footballers who unable to make it in the top 10 list.
Other Top 5 Richest Footballers In The World 2021
5 Mohamed Salah (90 Million)
Salah is one of the top players for Liverpool over the years. He joined Liverpool in 2017 for a fee of £36.5 million. Salah was getting a salary of £90,000 per week and the deal to be closed is for 3 years. His master class performance for the club and his contract extension in 2018 helped him to increase his earnings to £220,000 per week.
The contract extension also made Salah one of the highest-paid footballers in the premier league beating the likes of Raheem Sterling, Anthony Martial, Sergio Aguero, Kevin Debruyne, and David De Gea.
The total net worth of Mo Salah estimated around $90 million in 2021.
4 Pele (100 Million)
He may be a retired player but at the peak of his time, he makes a lot of wealth with football. Pele was a national hero and a club legend for Santos. Pele is regarded as one of the best football players of all time.
Pele’s net worth is estimated around $100 million in 2021.
3 Francesco Totti (101.6 Million)
Francesco Totti is one of the most popular names in Italian football history. He is known as the king of Rome. His contribution to his club AS Roma is unmatchable. Totti is an offensive playmaker mostly known for his vision, technique, and goalscoring ability. Totti is considered one of the greatest Italian players and a living legend in Roma.
Francesco Totti’s net worth is estimated at around $101.6 million, making him on the number 13 in our list of richest footballers in the world in 2021.
2 Kylian Mbappe (110 Million)
Mbappe is the best young talent in football. His rise started in Monaco and after that, he never looked back. Kylian joined PSG from Monaco in 2017 on loan however later the Ligue 1 side got impressed with his performance and signed him on a permanent deal of whopping £174 million for his services.
Mbappe is the second most expensive football player just behind his teammate Neymar. He made his debut for France in 2017, at age 18. His performance in the 2018 FIFA World Cup shown that he had a great future ahead. Mbappe became the youngest French player ever to score at a World Cup, and just the second teenager, after the great Pele, to score in a World Cup Final.
Due to many reliable sources, Mbappe’s net worth estimated at around $110 million in 2021.
1 Eden Hazard (120 Million)
Eden Hazard is a Belgian professional footballer who plays as a winger or attacking midfielder for La Liga top club Real Madrid. He is known for his world-class dribbling and passing. He was rated as one of the best wingers of his generation.
After winning the Europa League with Chelsea in June 2019, he moved to Real Madrid with a transfer fee of €150 million.
Eden Hazard’s net worth is estimated at around $120 million, making him the top player who unable to make it in the list of top 10 richest footballers in the world in 2021.
Now let’s check out the top 10 richest footballers in the world 2021:-
Top 10 Richest Footballers In The World 2021
10 Mesut Ozil (120 Million)
Mesut Ozil is a German professional footballer who holds the position of an attacking midfielder. Ozil is known for creativity, passing, and vision. The German international is known as one of the best midfielders the world has ever seen. Ozil now moved to Fenerbahçe from Arsenal in 2021.
Ozil also holds the world record for the most German Player of the Year awards(5). Mesut Ozil’s net worth is estimated at around $120 million in 2021.
9 Andres Iniesta (120 Million)
FC Barcelona legendary midfielder and Spain’s most important player in history does not need any introduction in this list. He is widely regarded as one of the greatest midfielders ever grace the footballing pitch. Iniesta was an integral part of Barcelona for so many years, where he served as the captain for three seasons.
He moved to the club Japanese side Vissel Kobe from Barcelona in 2018. Andres Iniesta has an estimated net worth of $120 million in 2021, where most of his earnings came due to a long spell at Camp Nou.
8 Gareth Bale (145 Million)
Gareth Bale is a Welsh professional footballer who plays in the winger position. He was playing for Premier League club Tottenham Hotspur, on loan from Real Madrid. This speedster is number eight in our list of richest footballers in the world in 2021.
He has been identified as the Welsh Footballer of the Year a record six times. In 2016, ESPN listed him in twelfth position among the most famous athletes around the world.
Bale’s transfer to Real Madrid from Tottenham broke the previous world record set by Cristiano Ronaldo and became the most expensive signing in the history of club football at that time. Gareth Bale has an estimated net worth of $145 million in 2021.
7 Alexandre Pato (145 Million)
Alexandre Pato is a Brazilian professional footballer who is an active footballer and plays as a forward for Orlando City in Major League Soccer.
Alexandre Pato’s estimated net worth is around $145 Million, making him the 7th richest footballer in the world in 2021.
6 Wayne Rooney (170 Million)
Wayne Rooney is an English legend who played most of his career for the club Manchester United. He is regarded as one of the best footballers of his era. He scored 253 goals for Manchester United which makes him the player with the most goals in Manchester United history.
Rooney’s scored a total of 208 Premier League goals making him the number 2 in the list of top scorers of all time in the history of Premier League. He has also won the England Player of the Year award four times in his career i.e 2008, 2009, 2014, and 2015.
Wayne Rooney’s total net worth is estimated at around $170 million that made him the sixth richest footballer in the world in 2021.
5 Zlatan Ibrahimovic (190 Million)
Zlatan is a Swedish international who plays as a striker for Serie A club AC Milan. Ibrahimovic is widely known as the best striker the world has ever seen. Despite his age, he is still delivering for his club in the league and European competitions. He is one of the most decorated footballers, winning a total of 31 trophies during his career.
Reliable source claim that Zlatan had an estimated net worth of $190 Million. He has sponsorship deals with big brands like sports drinks, Microsoft Xbox, Nivea, and Volvo.
4 Neymar Jr (200 Million)
Neymar Jr. is currently one of the best Brazilian footballers. He plays for Ligue 1 club Paris Saint-Germain. He is widely known for his skill moves and his outstanding dribbling ability.
Neymar moves to Paris Saint-Germain from Barcelona with a record-shattering transfer fee of €222 million, making him the most valuable player ever in the history of football. SportsPro labeled him as one of the most marketable athletes in the world in 2012 and 2013.
Forbes listed him as the world’s third highest-paid athlete in 2020. Neymar’s net worth is estimated at around $200 million in 2021 making him the 4th richest footballer in the world in 2021.
3 Lionel Messi (400 Million)
Lionel Messi himself is a brand, there is no introduction needed for this man in the world of football. He has sponsorship deals with big brands like Adidas, Gatorade, Pepsi, Gillette, and Turkish Airlines.
Messi is currently the third richest footballer in the world in 2021. He has several valuable sponsorship deals with some of the highest-paying brands.
According to Forbes, Lionel Messi is the second billionaire footballer after Cristiano Ronaldo. His estimated net worth in 2021 is $400 million.
2 David Beckham (450 Million)
David Beckham is an English retired professional player. He is rated as one of the greatest footballers ever in the history of football. He is known for his passing ability, crossing, and classic free-kicks. Beckham has been recognized as the greatest midfielders of his generation.
Beckham has always been ranked among the highest earners in football. In 2013 he was ranked as the highest-paid player in the world. David Beckham’s net worth is estimated at around $450 million. This made him the second richest footballer in the world after Cristiano Ronaldo in 2021.
1 Cristiano Ronaldo (500 Million)
Ronaldo means a business that’s how we can describe this man. He is one of the greatest players in the history of football. Ronaldo makes more than €30 Million annually at Juventus.
He also has sponsorship deals with brands like Nike, Herbalife, Dazn, and MTG. Ronaldo also has its own brand which includes 7egend, CR7 Fitness, CR7 Footwear, and CR7 Denim.
Ronaldo was ranked as the world’s highest-paid athlete by Forbes in 2016 and 2017. He is number 1 in the list of richest football players. His total net worth is estimated at around $500 million in 2021.
Top 5 Sports Industry Trends In 2021
Being a sports fan it’s important to know the relevant industry trends and today we will talk about the sports industry trends of 2021.
Every year there are trends that change the sports scenario around the world. Sports are evolving year after year and today we will talk about the megatrends that will have a greater impact in 2021. In this article, we will address the top 5 sports industry trends of 2021.
Let’s check out the top 5 sports industry trends of 2021:-
Sports Industry Trends 2021
1. Integration of 5G and Cloud Computing play a vital role in Sports
Mobile device statistics in content consumption are just insane in 2021. Mobile internet usage has also been growing rapidly year after year.
Reports suggest that mobile accounts for approximately half of the web traffic worldwide. The integration of the 5G service will help to increase the mobile traffic and consumption of content all over the world. This would be a megatrend in the sports industry in coming years. 5G service will have a greater impact on sports events around the world.
Due to the high speed of the 5G wireless service, the data transmission becomes easy, and getting the data is easier for fans regarding the club and their players. Sports fans can get updates in real-time data wherever they need it.
On the other side, cloud computing helps coaches to assemble extensive amounts of data on an athlete or team performance crossing hundreds of data points. The game is all about data more granular the data faster a team can organize, review insights, and progress.
2. Esports Will Continue to dominate
The global esports market is not unknown to anyone. According to the report suggest the industry has around 310 million online gamers in 2021. It’s expected to generate $1.5 billion in annual revenues, which included sponsorships, advertising, ticket sales, licensing, and merchandising. Esports is on verge of becoming the global industry where skilled gamers play at a competitive level.
In fact, over 380 million people watch esports worldwide both online and in person. Esports has given individual players a big platform to prove their worth and earn money. The players around the world can stream themselves to earn money or join more extensive organizations to strive for large prize money.
The players can connect with their fans on multiple social media platforms or can go live on youtube at their respective channels. On the flip side, fans can watch and support their favorite teams compete at the highest level on global events.
In Esports, analytics plays an important part. Analytics helps to better understand viewers which leads to a better engagement which in turn helps for brand sponsorship. In-game analytics also encourage additional engagement, as sports statistics help to improve the fan experience.
3. Impact of technology on Sports
The advancement of technology has a reflective impact on sports. The technology helped in measuring the performance of athletes. Helping referees, umpires, and sports officials to make more reliable decisions on the field.
Electronic timing measured by machines is operated to measure the performance times of athletes in sporting events like Athletics, Cycling, Skiing, and a lot more. In Athletics, electronic timing helps to measures the athlete’s reaction time which helped them to improve their performance much further.
The use of VAR in football is another example of technology that helped the sport’s officials and referees to make the right decision during the game. The VAR is continually watching the match and is used only for reasonable errors or serious missed events during match-changing situations like goals, penalty decisions, etc.
Hawkeye is another technology that has been used in cricket and tennis for a long time. Hawkeye provides all styles of the statistical report which included ball speed and trajectory of the ball after bounce. It was also used in Tennis to help them to decide whether a shot is in or out. The technology is still improving year after year and we will see a lot of advancement in the future as well.
4. Streaming service will replace traditional TV
Digital technology is having a great impact on traditional media. Watching a live sporting event which is available through the cable is the main place for entertainment for sports fans across the globe. While cable providers trying hard to keep subscribers hooked on traditional TV, the other media companies are looking for new innovations for delivering sports content to keep fans interested and engaged.
There is no denying the fact that cable television primarily the main place for coverage of all sports events around the world. But the evolution of technology given rise to streaming services. Streaming services are expanding year after year. It’s clear to say that streaming is the new way of watching sports without being available in front of the TV.
One of the biggest advantages of streaming services over traditional TV is the capability of personalizing the content. Users always get the relevant content with specific preferences.
Artificial intelligence plays a vital role in helping to achieve a personalized experience. AI systems are regularly progressing and learning and are able to give the relevant content by understanding the user’s favorite sports, teams, players, etc.
AI also allows voice controls and other notable features. Viewers can watch the replay, or check the score and get updates on their favorite team and players by just using their voice.
5. Rise of Sports Betting
Sports betting is something which is been adopted by multiple countries and there is no sign of slowing down. The sports betting market was estimated at US$85.047 billion in 2019. The statistical figure is just insane.
The sports betting market going to witness a considerable amount of growth as the government of most countries allowed legalizing sports betting across the country.
The market keeps on growing due to the popularity of sports around the world. The expanding popularity of sports like cricket, soccer, baseball has gained a lot of attention in the last couple of years. The popularity led to a decent rise in the sponsorships for clubs, teams, and players.
More than 20 countries already legalized sports betting, and more under consideration. The growth of this industry is unreal and it will continue to grow.