With the overall North American sports market projected to surpass $83 billion in value this year, the sports industry is showing little sign of slowing down.
If anything, digitization is shaking up every aspect of the sports marketing industry, transforming fan engagement with the advent of second-screen experiences, sports betting, NFTs, mixed reality, and metaverse activations. Fans now have a plethora of options for consuming and interacting with sports content, including streaming, broadcast, owned mobile apps, virtual worlds, online gaming, contests and promotions and, of course, social media.
In this evolving space, sports organizations are reinventing themselves as multi-channel media companies, delivering always-on, platform-based experiences to their audiences. This prompts sports marketers to become ever more sophisticated in how they approach fandom and the business of sports.
How do brands navigate through this digitally supercharged sports marketing industry? We’ve put together a primer on current sports marketing trends and key plays to watch out for as the sports marketing industry evolves in 2024 and beyond.
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