VMPL
New Delhi [India], April 28: Colab Platforms has been launched by innovators who are dedicated to revolutionizing the world of sports. Through their integration of technology, management strategies, and content creation, they aim to reshape the way sports are played, administered, and enjoyed across all levels.
Colab Cloud Platforms Ltd
.. an Indian corporation listed on the Bombay Stock Exchange (BSE: 542866) — is a prominent supplier of technology solutions and is thrilled to declare its strategic growth into the fields of Sports Management and Sports Technology.
Based on data from Brainy Insights, a worldwide market research company, the global sports market had a valuation of $480.12 billion in 2023 and is expected to expand with a Compound Annual Growth Rate (CAGR) of 5.6%. This growth will lead to an estimated value of $506.93 billion for this sector in 2024.
The Indian sports and fitness industry is projected to attain an enormous market valuation of Rs50,000 crore (roughly USD 6 billion), fueled by heightened health consciousness, the uptake of digital platforms, and greater engagement in sporting activities. In alignment with this expanding potential, Colab Cloud intends to leverage these trends by offering technology-driven services designed specifically for contemporary sport enthusiasts and experts alike.
Sports Marketplace – Learn, Play & Shop. The Sports Ecosystem Marketplace is a one-stop platform where athletes and sports lovers can Learn, Play, and Shop all in one place. Book top coaches and academies to level up your game, play by finding and booking turfs, stadiums, and other sports infrastructure nearby, and shop for high-quality gear, accessories, and nutrition from trusted brands. It’s your all-in-one hub to train, compete, and gear up with ease.
Colab Cloud
will leverage its expertise across key segments of the sports industry. This expansion includes advanced solutions for managing sports Intellectual Properties (IPs), fan engagement platforms, and immersive Virtual Reality (VR) and Augmented Reality (AR) experiences.
Through the incorporation of advanced technologies into the realms of sports and gaming, Colab Cloud seeks to foster innovation and change. By doing so, they intend to improve processes, boost audience interaction, and uncover fresh business prospects. Their strategy involves providing customized services for sports administration, tech implementation, and promotional activities, with ambitions to emerge as a pivotal figure within the transforming landscape of sports.
Major developments in India’s sports sector encompass heightened interaction between sports organizations and enthusiasts, expanding enthusiasm for various games, and surging appetite for virtual reality and augmented reality encounters.
Sports-themed gaming
,
digital fan communities
, and immersive engagement platforms are likewise speeding up their development.
“A new epoch of sports and gaming experiences is being introduced through the integration of technology and digital engagement,” stated a representative from the firm.
In line with their strategy, Colab Cloud has obtained a franchise deal from Arvus Sports Private Limited, which owns the Big Cricket League (BCL), an Twenty20 cricket competition. Under this arrangement, Colab Cloud will hold ownership and operational control over the Northern Challengers, a male professional cricket squad.
The firm further disclosed a planned investment of up to ₹100 million aimed at establishing a specialized e-commerce platform focused on sports and fitness goods. This move aligns with Colab Cloud’s ambition to leverage technological advancements to improve user engagement and foster expansion. The new site will feature an extensive selection of workout equipment, clothing, and related items tailored for athletes, trainers, and individuals prioritizing their well-being. As India emerges as a key player in the international fitness scene, this marketplace intends to ensure easy availability of high-quality merchandise.
Colab Cloud Sports Technology features VR/AR, AI-driven customization, and data analysis tools aimed at boosting performance and engagement.
The firm’s Athlete Management tool provides players with resources to handle and expand their professional journeys, attract sponsorship deals, highlight accomplishments, and explore key opportunities—all driven by marketing analytics and information.
The Sports Content & Media platform simplifies league-wide processes, monitoring player and team activities ranging from day-to-day tasks to comprehensive season planning.
Colab Cloud provides sponsorship and marketing solutions designed to boost brand exposure via data-driven initiatives, increasing visibility for athletes, teams, and events.
The firm was established by experts with strong ties to the sporting world. This background enriches their creative problem-solving skills and pragmatic approaches. Colab Cloud adopts an all-encompassing technological strategy aimed at serving the whole spectrum of the sports sector, transcending traditional methods.
Regarding Colab Cloud Platforms Ltd.:
Colab Cloud Platforms Ltd. is a top 2000 company listed on the Bombay Stock Exchange. The company delivers innovative technology solutions across multiple industries, with a focus on enhancing user experiences and driving scalable growth. With India’s rise as a global tech hub, Colab Cloud leverages its skilled talent pool to provide customized, future-ready solutions that meet dynamic industry needs.
To learn more about Colab Cloud Platforms Ltd. and its offerings, kindly go to their website.
www.colabplatforms.com
or follow the company on social media.
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VMPL
. ANI will not be responsible in any way for the content of the same)
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