The global sports events market revenue was around US$ 184.61 billion in 2021 and is estimated to reach US$ 371.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.5% during the forecast period from 2022 to 2030. 
A sports event is a competitive athletic activity that requires skill or physical strength. These activities are often competitive and governed by rules created by a sanctioning body that is nationally recognized. 
Factors Influencing Market Growth
• The growing popularity of major sports events like the Cricket World Cup, UEFA Champions League, Super Bowl, the FIFA World Cup, Olympic Games, and others, and the ease of purchasing tickets for both online and offline sporting events even through online ticketing portals. Thus, these events support the growth of the market during the forecast period.
• The rising number of people participating in sporting activities and the growing number of female viewership are likely to fuel the market's expansion.
• An increase in Terrorism, lack of accountability, political instability, and crime rates are the major restraining factors for the growth of the global market.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a severe impact on various sports events. The lockdown enacted by the government limited domestic and international travel in countries. As a result, major sporting events were postponed or canceled.

Regional Insights 
Asia-pacific region attained the major sporting events market share in 2021 and it is anticipated that this region will continue to hold this position throughout the projection period. Asia-Pacific is home to some of the most popular travel destinations for sporting events including nations like China, Hong Kong, Thailand, Singapore, South Korea, and Indonesia.

Leading Competitors 
The major leading competitors in the global sports events market are: 
• GooTickets.Com
• Razorgator LLC
• SeatGeek
• StubHub
• Tickets.com, LLC,
• Ticketek Pty Ltd, 
• Ticketmaster
• TickPick LLC
• Others 
Segmentation Analysis
The global sports events market segmentation focuses on Revenue Source, Age Group, and Region.
Segmentation based on Revenue Source
• Ticket Sale
• Sponsorship
• Others
Segmentation based on Age Group
• Below 20 years
• 21 to 40 years
• 41 years and above
Segmentation based on Region
? North America
• The U.S.
• Canada
• Mexico
• Europe
? Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
? Eastern Europe 
• Poland
• Russia
• Rest of Europe
? Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific

? Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA

? South America
• Brazil
• Argentina
• Rest of South America