Technology, on a daily basis, plays an increasingly important role in everyone’s lives. Technology helps one stay connected to friends and family, have unlimited access to entertainment, navigate the world and perform well in one’s career. However, various new technologies are changing how people play professional and recreational sports.
In today’s world with the help of advanced technology, coaches and their athletes rely on this technology to improve performance on and off the field, or tennis court. Sports are now more data-driven and digitally advanced than ever, with no signs of slowing down.
Continue reading to explore point spreads seven new technologies in today’s sport and how they’re changing the sports industry for the better.
- Virtual Reality
According to the report, the virtual reality (VR) market is currently valued at a whopping $28.42 billion, and experts predict this will reach $87 billion by 2030. While VR at the moment, is commonly associated with the gaming industry, it has many other applications across several sectors, in the likes of retail, manufacturing, and construction. Virtual reality is also taking huge steps into the sports industry in various ways.
One main VR application the sports industry is making use of is the headset for training purposes. For example, avid golfers can use the new OptiShot2 Golf Simulator, a VR-based that allows players to practice their swing and shot accuracy. The simulator has a driving range, 15 premium golf courses to choose from, and 32 high-speed infrared sensors offering users instant feedback to fine-tune their form.
- Better At-Home Viewing Experiences
Most sports fans would agree there’s not comparable to attending a live sporting event. However, it is becoming increasingly expensive to go to live games, which means more fans choose to or prefer watching on TV at home.
Now, anyone can watch games, matches, or fights on the big screen without leaving their couch. It’s the next best thing compared to a live event. As digital experiences continue to improve, there could eventually be a market for VR viewing as well.
- Advanced Replay Technology
In addition to high-quality TVs, another critical aspect of modern sports is the ability to review plays using instant replay. Since its introduction in 1963 by inventor Tony Verna, advanced video servers have allowed broadcasters to provide more complex instant replays. For example, instant replay can have various speeds, freeze frames, frame-by-frame reviews, overlaying virtual graphics, and tools like distance calculation and ball speed.
There is some controversy over the use of instant replay. In football and baseball, coaches and players can challenge calls made by referees and umpires, which some fans believe is ruining the sports industry. When game officials have to spend time reviewing a play, the game comes to a halt, and everyone has to wait for the final verdict.
- Fantasy Leagues and Sports Betting
Not everyone has the time to join in a recreational sports team gathering, especially when other responsibilities are more important. However, one way they can get involved in this is by playing fantasy sports. Users take use of their time at home to create fantasy teams of real professional athletes from the NBA, NFL, NHL, MLB, or college teams.
Additionally, various digital platforms now allow sports fans to place bets on their favourite teams and players. For example, popular sports betting sites include DraftKings Sportsbook, FanDuel Sportsbook, Barstool Sportsbook, PointsBet, and BetMGM.
- Improved Athletic Flooring
Fans and amateur players might be unaware of the role quality flooring plays in the sports industry. While injuries can occur in any setting or playing surface, high-quality athletic flooring can be a game-changer for athletes.
Quality sports flooring offers a few benefits. For example, floors with shock absorption of 22% to 40% — depending on the intended use — will decrease long-term joint problems in athletes of all ages. Certain sports floors can also reduce excessive noise and provide adequate friction, improving player concentration and lowering the risk of slips, trips, and falls.
- Ticket Purchasing
It’s becoming increasingly easy for avid and casual sports fans to purchase tickets to live sporting events. Traditionally, you would travel to the stadium, arena, or field and buy a ticket a few hours before the start of the game or match. Now, people can purchase sports tickets online using one of the many ticket-selling platforms.
Popular places to buy tickets for sporting events include SeatGeek, Ticketmaster, StubHub, VividSeats,
Tickpick, and more. It also makes it much easier to resell tickets legally if you cannot attend the event.
Most sites allow fans to see a 360-degree perspective of the seat they buy. Fans can also avoid printing out their tickets, instead conveniently uploading them to the digital wallet on their smartphone or entering the facility once an employee scans their QR code.
- Cryptocurrency
Cryptocurrency is a growing trend in every aspect of the sports industry making sports teams and individuals multimillion-dollar deals and investments in crypto sports sponsorships.
Below are some notable crypto sports deals:
- Manchester United F.C. entered a multi-year $27 million sponsorship deal with Tezos.
- Red Bull Racing has a three-year sponsorship deal with crypto firm Bybit and Tezos is the team’s official blockchain partner.
iii. In 2021, Crypto.com paid $700 million so the Staples Center in L.A. would change its name to “Crypto.com Arena.”
- UFC and Crypto.com signed a $175 million sponsorship deal, meaning UFC athletes will wear Crypto.com branded apparel.
- The world of cryptocurrency is taking the world by storm, so it’s no surprise it’s become more prevalent in the sports industry. Crypto deals are helping professional sports teams engage with their fans on a more personal level.
