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Sports enthusiasts filling stadiums and arenas to cheer for even the smallest teams or players are no longer solely the ones enjoying live action experiences; millions of people worldwide now indulge in such moments, tuning into live broadcasts from their living rooms, smartphones, or tablets.
As viewership preferences have diversified with the expansion of platforms offering fresh content, how this experience is delivered has become increasingly significant. A recent Sportradar report revealed that six out of ten sports fans cited a great broadcast experience as a major factor in becoming more involved with their teams. Moreover, broadcasters and streaming services now have unprecedented capabilities to provide more live sports options than ever before.
As we step into the dawn of a new decade for live sports broadcasting, let's delve into the top five developments that will likely transform the industry in 2020:
Remote Production Drives Demand: The number of live sporting events is surging rapidly, with forecasts projecting a global rights revenue growth of 75 over the next five years. In this competitive landscape, where production budgets are under pressure and demand for live content keeps soaring, remote production emerges as an affordable solution.
Millennials Gamblers Seek New Formats: Over-the-top OTT services will continue to fuel innovations in viewer engagement by providing diverse formats that cater specifically to millennials and sports enthusiasts alike. The rise of eSports is anticipated to grow beyond specialized platforms, reaching mnstream broadcast channels on par with major sports like F1 racing and PGA golf.
Technology Advances in Esports: Innovators within the broadcast industry, equipped with all-digital, IP-driven workflows, are pivotal in delivering technological advancements tlored for eSports coverage. Direct fan interaction, player cameras that provide an immersive experience, and pioneering use of augmented reality and virtual reality will become more prominent this year.
New Businessfor Local Niche Sports: With the advent of lower-cost production methods and global streaming platforms, smaller sports leagues or individual events that were previously considered non-profitable are now viable. This tr enhances the accessibility of local sports to fans worldwide through innovative technologies like drones and automated highlight packages.
Global Connectivity for Live Broadcasts: The importance of high-bandwidth, low-latency connectivity is crucial as audiences expand globally while becoming more demanding about where, when, and how they access content. The capability to deliver live sports and eSports from anywhere to everywhere on both traditional broadcast and streaming platforms will be a critical factor driving innovation in the years ahead.
Meeting Today's Audience Needs: As we move into 2020, the pivotal role of high-quality connectivity becomes ever more evident with growing global audiences who expect seamless experiences across various devices. This includes everything from traditional broadcasts to live streaming, emphasizing the need for advanced technologies that ensure uninterrupted coverage of live events.
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Remote Production in Sports Broadcasting Millennial and Esports Fan Engagement Technology Advances for eSports Coverage Business Models for Local Sports Expansion Global Connectivity for Live Sports Streaming High Quality Connectivity in Sports Events