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Global Sports Coaching Platforms Market is Pegged to Offer Revenue Opportunity Worth US$ 1,408.1 Million by 2031: Astute Analytica

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New Delhi, March 08, 2023 (GLOBE NEWSWIRE) — From the last few years, the global sports coaching platforms market is witnessing high demand as more people are turning to digital solutions for tracking their fitness and athletic training needs. The market size is projected to expand to USD 1,408.1 million by 2031 from USD 439.9 million in 2022 at a CAGR of 13.8% from 2023 to 2031. The increasing adoption of mobile devices, rising demand for personalized coaching services, and the growing popularity of fitness and sports activities are some of the key factors driving the growth of the sports coaching platforms market.

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A survey by Astute Analytica found that 40% of sports fans globally are interested in using technology to improve their fitness and health, indicating a strong potential market for sports coaching platforms that offer personalized training and coaching services. Furthermore, in a survey of fitness professionals conducted by IDEA Health & Fitness Association, 41% of respondents said they are using technology to provide online coaching and training services to their clients, showing that fitness professionals are recognizing the demand for digital coaching solutions.

One reason for the growing demand for sports coaching platforms is the convenience they offer. With online coaching, athletes can access expert guidance from anywhere and at any time, without the need for in-person meetings or training sessions. This makes it easier for busy professionals, parents, and others to fit training into their busy schedules. Additionally, these platforms provide highly personalized training plans that target an individual’s strengths and weaknesses by analyzing their performance data. This can lead to faster and more significant improvements than traditional coaching methods.

Sports coaching platforms market also offer a more affordable alternative to hiring a personal trainer or coach. Many platforms offer subscription-based pricing models that are much more accessible to athletes of all levels than traditional coaching services.

Advancements in Technology: A Look at the Current Technology Landscape

  • Personalized Training Plans: The use of artificial intelligence and data analytics to analyze an athlete’s performance data is one of the top trends in sports coaching platforms. With personalized training plans, athletes can receive customized workout plans that target their strengths and weaknesses. This leads to more effective training and faster improvements.
  • Remote Coaching: Remote coaching is becoming increasingly popular in the global sports coaching platforms market due to its convenience and accessibility. Athletes can access coaching services from anywhere in the world, and coaches can work with clients regardless of their location. This trend is expected to continue as technology improves and the demand for online coaching services grows.
  • Subscription-based Pricing Models: Subscription-based pricing models are becoming more common in sports coaching platforms. This pricing model is more accessible to athletes of all levels than traditional coaching services, which can be expensive. By offering a subscription-based model, sports coaching platforms can provide affordable coaching services to a wider audience.
  • Integration with Wearable Technology: Wearable technology is becoming more advanced, and sports coaching platforms are beginning to integrate with these devices. By integrating with wearable technology, coaches can monitor athletes’ performance data in real-time, providing more accurate feedback and training plans.
  • Social Interaction: Social interaction is an emerging trend in sports coaching platforms market. With social interaction features, athletes can connect with other athletes and coaches to share their experiences and receive support. This trend is expected to grow as athletes look for more social interaction and motivation in their training routines.

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Future Outlook:  Exploring the Lucrative Potential of the Global Sports Coaching Platforms Market

The global sport coaching platforms market size is projected to expand to USD 1,401.1 million by 2031 from USD 439.9 million in 2022 at a CAGR of 13.8% from 2023 to 2031. The report attributes this growth to factors such as the increasing demand for data-driven decision-making in sports, the growing need for real-time information and analysis, and the rising popularity of sports analytics. The report highlights the increasing adoption of mobile and web-based sports coaching platforms as a key driver of growth, along with the growing demand for personalized coaching services and the rising popularity of virtual coaching.

Our analysis of the global sports coaching platforms market suggests that the market will witness significant growth in the coming years. The market is expected to be driven by a combination of factors, including the increasing popularity of sports and fitness activities, the growing adoption of technology, and the rising demand for personalized coaching solutions.

Moreover, the COVID-19 pandemic has accelerated the adoption of online coaching and training platforms, as people have been forced to stay at home and look for ways to stay fit and healthy. This trend is expected to continue in the post-pandemic era, as consumers continue to seek out convenient and flexible coaching solutions.

Another key driver of market growth will be the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. These technologies can help coaches and trainers analyze large amounts of data quickly and accurately, enabling them to provide personalized coaching programs and improve the performance of their athletes. As AI and ML technologies continue to advance, they are expected to play an increasingly important role in the sports coaching industry.

Asia Pacific to Surpass Europe to Become Dominant Region in Global Sports Coaching Platforms Market

According to a report by Astute Analytica, the global market is projected to grow significantly over the forecast period of 2023 to 2031. The report indicates that Asia Pacific is likely to capture more than 27% of the revenue share by 2031 from 21% in 2022, thereby surpassing Europe in the sports coaching platforms market.

Several factors are driving the growth in the Asia Pacific region. One of the primary factors is the increasing popularity of sports in the region, especially in countries like China and India. As more people become interested in sports, the demand for coaching and training services is also increasing, creating a favorable environment for sports coaching platforms.

Another factor contributing to the growth of the sports coaching platforms market in the Asia Pacific region is the increasing adoption of technology in sports coaching. The use of digital technologies such as virtual reality, augmented reality, and artificial intelligence in sports coaching is gaining traction in the region. This trend is expected to drive the growth of the market in the coming years. In addition, the Asia Pacific region has a large and growing population of young people who are interested in sports. This demographic trend is creating a significant demand for coaching and training services, which is fueling the growth of the sports coaching platforms market in the region.

Edge10, TeamSnap and Firstbeat to Hold More than 45% Revenue Share of Global Sports Coaching Platforms Market 

The global sport coaching platforms market is highly competitive and is dominated by a few major players, with Edge10, Teamsnap, and Firstbeat being the top three. Together, these three companies hold more than 45% of the market share. Other notable players in the market include Hudl, CoachMePlus, and TrainHeroic. Hudl is a popular video analysis platform used by coaches and teams for game analysis and scouting, while CoachMePlus offers a range of features including athlete monitoring, nutrition tracking, and injury prevention. TrainHeroic is a strength and conditioning platform that provides personalized workout programs and data analytics.

Edge10 is a cloud-based sports management solution company that offers a range of features including athlete management, scheduling, and performance analysis. The platform is used by coaches, teams, and athletes to improve performance and enhance communication. Edge10 has a strong presence in Europe and North America sports coaching platforms market and is constantly expanding its offerings to new markets.

Teamsnap is another popular platform that allows coaches and teams to manage their schedules, communicate effectively, and track player progress. Teamsnap offers a range of features such as live scoring, player availability, and roster management, and has a strong customer base in the United States.

Firstbeat is a Finnish company that provides advanced analytics for sports and wellness. Their solutions are used by professional athletes, coaches, and sports scientists to optimize training, improve recovery, and prevent injuries. Firstbeat is a leader in physiological monitoring and has a significant presence in Europe and Asia.

Some of the Top Market Players Are:

  • iGamePlanner
  • AMP Sports
  • AtheleticLogic
  • Sideline Sports
  • Coach Logic
  • Coach Me Plus
  • Coach’s Eye
  • Edge10
  • Firstbeat
  • Fusion Sport
  • VisualCoaching
  • Siliconcoach
  • SoccerLAB
  • Sportlyzer
  • TeamSnap
  • TopSportsLab
  • TrainingPeaks
  • Other Prominent Players

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About Astute Analytica

Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

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Artificial Intelligence

Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

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HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’

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– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.

The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
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IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.

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Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
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North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
Industrial IoT Market Size, Share & Industry Growth Analysis Report by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Growth Driver and Industry Forecast to 2026
Internet of Robotic Things Market (IoRT) by Component (Sensor, Power, Control), Service (Professional, Managed), Platform (Device, Application, Network), Software (Analytics, Data, Security, Monitoring, Bandwidth), Application – Global Forecast to 2022
MulteFire Market by Device (Small Cells, Switches, Controllers), Application (Industrial Manufacturing, Commercial, Transportation, Public Venues, Healthcare, Oil & Gas and Mining, Power Generation, Hospitality), and Geography – Global forecast 2025
Smart Robots Market Size, Share by Component (Sensors, Actuators, Control Systems), Type, Operating Environment, Mobility, Application (Domestic, Field/Agricultural, Public Relations, Industrial), and Region – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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