HONG KONG SAR – Media OutReach – 11 July 2022 – Sports are not only an essential aspect of public health, they also represent a huge industry. As technology has become indispensable in our daily lives and has been applied to professional athletic training, daily fitness and leisure, and even education, SportsTech’s market potential is huge. The global SportsTech market size was estimated at USD 16.17 billion in 2022 and is projected to grow at a compound annual growth rate of 17.8% to reach USD 36.81 billion by 2027. Cyberport‘s community start-ups have developed a variety of SportsTech solutions, ranging from training designed to enhance professional athletes’ skills and physical conditioning to fitness and leisure for the general public. Some top athletes also use their knowledge and experience to develop solutions that promote the popularisation of sports.
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