PwC released its latest report about the sports market worldwide during an event in China this week, and stated the the pandemic originated by the novel coronavirus will affect the growth of the sector during the upcoming years.
While the global auditing and consulting firm predicts that the global sports industry is expected to slow annual growth to 3.3% in the next 3-5 years, it also states that the sector will grow in Asia by around 7.3%.
The report estimates that sports betting projected to become the major driver of revenue increase for the global sports industry.
As the pandemic has significantly accelerated the development of virtual entertainment, sectors like simulated sports and eSports have seen golden opportunities. There is also a rising trend in motorsports worldwide.
It is estimated that mobile games will become a key part of future games and eSports strategies. Therefore, in-depth cooperation between mobile game developers and sports organisations may lead to new business models.
The survey is based upon the views of 780 industry professionals from over 50 countries and regions between June and August this year.
Source: GMB
