Product and Service
Companies included in sport team –soccer sector in admission to amusement industry primarily own professional soccer sport teams earning revenue from commercial –sponsorship &retail, broadcasting, and ticket of matches.
Demand for Product and Service
As indicated by the typical company data, the demand for sport and other entertainments has been increasing significantly in the past several years. The increased demand has been proved by the increased revenue from media rights of those sport leagues, sponsorship, and admission.
Sector’s Current, Trend, Causes behind trend, and Future
Current and Trend
It seems that the demand, from TV broadcasting, for soccer matches has been continuingly and quickly increasing in the past three years.
It seems that the demand, from sponsors, for soccer teams has also increased during the same period of time.
Causes behind the trend
The upward trend in this industry may be consistent with what is happening in other entertainment and leisure industries and presents undergoing, deep changes in lifestyle and consumption habit in current society. One of examples is that people increasingly spent more time on TV and online media.
This trend is also driven by changes in demographic trend.
Globalization and economy growth in developing countries explain a significant portion of increased demand.
As upward trend in this industry continues, companies may be able to continue to see large growth in their revenue.