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The sports industry has evolved tremendously over the years and has embraced technology to enhance the experience of sports enthusiasts. Online sports is the latest trend in the industry and has gained immense popularity due to its convenience and accessibility. Online sports allow people to access sports events and games from anywhere in the world, at any time. This new way of experiencing sports has opened up new possibilities for sports organizers, broadcasters, and fans.

A recent study conducted by a leading research firm revealed that the global online sports market is expected to grow at a CAGR of 13.2% during the forecast period of 2020-2025. This growth is attributed to the rising adoption of smartphones and tablets, increasing internet penetration, and the availability of high-speed internet. The study also revealed that the online sports industry is expected to reach a value of $118 billion by 2025.

The study identified several factors that have contributed to the growth of the online sports industry. One of the key factors is the availability of live streaming of sports events. With the rise of streaming services such as Netflix, Amazon Prime, and Hulu, sports broadcasters have also started offering live streaming of sports events. This has made it possible for fans to watch their favorite teams and players in action, even if they are not physically present at the venue.

Another factor that has contributed to the growth of online sports is the availability of fantasy sports. Fantasy sports allow fans to create their own virtual teams and compete against other fans. This has become a popular way for Chronicle News Today fans to engage with sports and has also opened up new revenue streams for sports organizers.