Why Such Strong Growth?
Top Tier offers their statistic alongside a bar chart of new companies by year from 2000 to 2016, which you can see here. Here’s the number, alongside a few factors that Top Tier calls out for potentially spurring the jump in sports tech interest: If the growth of wearables is behind a leap in sports gadgets, we likely haven’t seen the end of the boom yet: Stretchable wearables are still being developed, and could add an extra efficiency to any device designed to monitor vital signs.
The Breakdown
Here’s the pie chart of all currently existing sports-related tech companies, as tracked by Top Tier. Unsurprisingly, the biggest slices of the pie both tie in to wearables, as analytics often depends on the in-depth data a wearable can provide, while the Internet of Things is essentially a term for the wearable itself:
