KORE SOFTWARE - State of The Sponsorship Industry 2024
KORE SOFTWARE - State of The Sponsorship Industry 2024
Topics Overview
1. Introduction - About KORE, Global Footprint,
What was Analyzed
7. Top Content
O VE R VI E W 2
KOR E | STATE O F TH E I ND USTR Y
I NTR O D UC TI O N 3
KOR E | STATE O F TH E I ND USTR Y
Working with 900+ of the world’s most valuable brands, properties and agencies.
4
I NTR O D UC TI O N | WH O I S K O R E ?
KOR E | STATE O F TH E I ND USTR Y
KORE’s Sport Graph tracks & analyzes all
sport & influencers across social networks.
Sponsorship
Synergy:
Uniting Data,
Goals & Vision
KORE’S global footprint brings it together.
Our unified data empowers brands and rights Spend Tracked Fan Connections Sport Graph
holders to forge and elevate partnerships
In our Sponsorship
with a shared vision and measurable success. Spend Data
32B 500k+ Entities
Not in our Sponsorship
3B Social Posts
Spend Data
I NTR O D UC TI O N | GL O B AL F O O TP R I NT 5
KOR E | STATE O F TH E I ND USTR Y
End-to-End Solution
Single solution to handle the full partnership
lifecycle from inventory management, contracting,
and financial controls through to activation and
evaluation.
Integrates Seamlessly
Built to fit alongside any existing tech stack and
data providers with capabilities to extend to fit your
unique needs.
Aggregated, anonymized & opt-in deal data The KORE Sport & Entertainment Graph First of its kind 27 question industry survey
from the world's most recognizable rights maps, aggregates and analyzes all social from over 60 brands and rights holders in a
holders, agencies and brands. activity from over 500K accounts globally. variety of locations, sports and industries.
111B $12.4B
Global Sponsorship
Spend is up
13.4B
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023
The spike in 2023's second quarter equates to 17% growth for that quarter, TREND: Video views grew 26% year-over-year, while
year-over-year. The top solitary drivers of this engagement growth are global the amount of posts fell 2.6%, this means, less posts and
football entities with Real Madrid (3.5%), UEFA Champions League (2.8%) and a more quality video content is in demand.
Manchester City (2.4%) accounting for half of this climb. We see a slight dip in
the final quarter of 2023, which is more normalized compared to 2022's fourth
quarter which was when the 2022 FIFA World Cup was held.
K O R E P E R SP E C TI VE : C UM UL ATI VE SP O R TS F ANS B Y SO C I AL 10
P L ATF O R M
AAV ($)
compared to pre-pandemic levels in 2019 highlights the critical role of content
selection—from videos to text mentions—in forging successful brand partnerships.
TREND QUOTED:
"With stories and reels, fans prefer raw and point-of-view content, making it the
go-to format for athletes as it is much easier to produce. And despite challenges
from Snapchat and TikTok more recently, Instagram remains the 800-pound
gorilla of social media."
- RJ Kraus, Co-founder of Hookit
Badenhausen, K. (2024). Messi Instagram Followers Hit 500M. Sportico. Social Data from 2019-01-01 to 2024-01-01
K O R E P E R SP E C TI VE : SP O NSO R SH I P VAL UE 12
KOR E | STATE O F TH E I ND USTR Y
Quantifying Social
Promotion
Sponsorship Value Quality Factors
Step 1: Identify
Brand Promotion Position Coverage Clarity
K O R E P E R SP E C TI VE : H O W I T WO R K S 13
KOR E | STATE O F TH E I ND USTR Y
1.2B
Most Viewed Video
Post in the NFL 96.8M 63.6M
Most Watched Video
of the 2022/23 NBA
65.4M
2023/24 Season. Season
"You Got This" Patrick Mascot, Rocky, makes
Mahomes, by adidas for the basket, from the
Super Bowl LVIII ladder! By NBA
L INK TO P OST L INK TO P OST
Most Viewed
Video of 2023 Most Viewed Video
During FIFA Women's
Cricketer, Hardik World Cup (TM)
Pandya's partnership
announcement with We've come a long way,
Battlegrounds Mobile women's football. By
India (BGMI). Hyundai
L INK TO P OST
L INK TO P OST
Audience / Summary
29.8 Billion +11.7% YoY
Cumulative Sports Fans on Social
K O R E P E R SP E C TI VE | C UM UL ATI VE F ANS 15
Social Data from 2023-01-01 to 2024-01-01
KOR E | STATE O F TH E I ND USTR Y
Cultivating Connection
Survey reveals rights holders' (RH) outlook
R I GH TS H O L D E R SUR VE Y R E SUL TS 17
KOR E | STATE O F TH E I ND USTR Y
Lack of clear
• First, an overwhelming 58% encounter difficulties in partner objectives 33%
measuring impact, which keeps them from demonstrating
the value they deliver. Poor partner
communication
• Second, the lack of access to robust data impairs 42%. Finding the right
partnerships
• Last, the absence of well-defined or communicated
objectives from their partners challenges 33%. Change consumer
behavior
Increased
Partnership Enhancement Opportunities competition
Unknown/
• Brands can support the improvement of sponsorship Not sure
measurement, cited by 62% as a top priority, by investing in the
tools & systems that provide actionable insights. Other
B RR AI G
NHDT
S SS H
UO LD
R V EE
Y RRSE SS U
UR VS
LT EY: PE R FOR M ANCE CH ALLE NGE S 18
KOR E | STATE O F TH E I ND USTR Y
B RBARNADNSD S USRUVREVYE R
Y ERSEUSLUTLST S 21
KOR E | STATE O F TH E I ND USTR Y
27%
Brand Targets: Women, 54%
31%
Breaking down current brand targets.
8%
• Brands are strategically targeting digital and social assets this
year, with a heavy focus on women's sports and sports teams, 42%
both capturing 54% of partnership interest.
54%
• Depending on how you categorize individual athletes and
collegiate athletes, combined, that could be even a bigger focus.
38%
• We see a more cautious approach toward new arenas such as
pickleball, an emerging sport, and the Asian market with a 31%
modest 19% and 8% of interest.
19%
Eighty one percent of rights holders said that data analysis is moderately or minimally part of their
sponsorship or campaign activation decisions, yet most brands (62%) feel that improved data
measurement is the primary way to partner better together. Who is leading this effort, and can it be a
collaboration across both sides of the table? More conversation, expectation setting, and commitment
to data sharing between partners is needed to fill this gap.
Breaking it Down
What sectors are spending on what assets
and who/where is the value delivered.
SPE ND B R E AKDOWN 26
K OR
R EE || S T A T E O F TH E I ND USTR Y
Spend Trends
More spend, less partnership deals.
+4% Spend, -14% deal count
SP E ND TR E ND S 27
K O R E | S TAT E O F TH E I ND USTR Y
Biggest Spenders
Financial Sponsors
& Rights Holders
R E V E N U E
#
O F
A strategic match in 2024.
D E A L S
T O T A L
In North America financial partners average 62% less in
total amount of deals than the food & beverage sector,
yet they spent nearly the same.
YoY Increase in revenue vs. # of Deals
Globally, the financial sector leads, spending 8% more Financial Sector
R E V E N U E
Targeting financial organizations is a smart strategy
#
O F
across the globe but lends a bigger opportunity for
D E A L S
Rights Holders in North America versus the global view.
T O T A L
SP E ND TR E ND S: F I NANC I AL SE C TO R 29
Global
KOR E | STATE O F TH E I ND USTR Y
Among the sectors we are watching due to increased spending since 2019 are; CPG
(up 39%), gambling ( up 31%), tech (up 28%) and entertainment (up 24%).
2 0 2 2 B I G 5 L E AGUE S SP E ND E R S 30
KOR E | STATE O F TH E I ND USTR Y
Global Focus
Sponsorship Spending Trends
Sectors to Watch
According to our survey, global rights holders want to target
partnerships in the following sectors:
53% - Technology
Opportunity to sell: Tech companies have cut down on the number of deals YoY but
their biggest focus remains on tickets & hospitality, then signage and digital.
44% - Logistics/Transportation
Opportunity to sell: Logistics brands primarily look for tickets/hospitality or
digital/signage assets in the Big 5 Leagues across North America. Globally, logistics
brands are primarily focused on digital assets.
R E V E N U E
Selective Surge
#
O F
D E A L S
T O T A L
Partnerships in tech are a booming
opportunity in North America, Less
so, globally.
53% of rights holders are eyeing the technology sector
for partnerships, following its high spend in the North
America Big Leagues 2022/23 season, which
surpassed the average spend by 95%.
#
R E V E N U E
O F
However, 2023 saw a global reduction in tech sector
D E A L S
deals, although North America's leagues experience a Big 5 Leagues
T O T A L
sustained 38% increase in tech funding since before the N. America
pandemic.
SP E ND TR E ND S: TE C H NO L O GY SE C TO R 32
KOR E | STATE O F TH E I ND USTR Y
Retail
Social Value Rank
1
2023 Spend Rank
8
The sectors getting the most value
Food & Beverage 2 1
for their spend.
Technology 3 4
To identify who gets the best value from social media, we ranked sectors Automotive &
based on spend data and media exposure value. Retail continues to reign 4 7
Powersports
supreme in value gained in 2023, while their spend on North American Big
Leagues year-over-year remained relatively the same but dropped in ranking Financial 5 2
due to other sectors (communication & media, tech, gambling and healthcare)
Travel 6 11
that have increased spend.
Entertainment 7 12
Since the beginning of 2024 the automotive sector is trending up in social
value, while spend remains fixed. This trend could lead to substantial social Gambling 8 6
value increase for that sector. Entertainment organizations continue to rise in
value, with the lowest spend ranked. The financial and communications & Communications & Media 9 3
media sectors have the most opportunity to improve value across social
based on their spend. Industrial 10 10
Signage
Entitlements
Tickets/Hospitality
Digital
Asset
Broadcast
Promotions
Audio
Community
• Tickets & hospitality, and signage remain the most included assets in deals year-over-year.
Print
• Social & digital asset inclusion continues to climb, moving into the 3rd most included deal
0%
0.00% 5.00%
5% 10.00%
10% 15.00%
15% 20.00%
20% 25.00%
25% 30.00%
30% asset, while driving nearly 10% of sponsorship sellers revenue.
% of Total Rights Holders Revenue
2 Promotions 60%
Social & Social &
54%
Tickets &
46%
66% Signage 39%
Digital Digital Hospitality
4 Entitlements 50% Promotions 46% Social & Digital 33% Entitlements 37% Entitlements 30%
Audio 38% Entitlements 44% Entitlements 33% Promotions 34% Promotions 27%
5
Social &
27% Audio 17% Promotions 30% Audio 29% Audio 19%
6 Digital
Snapshot: Tickets & hospitality continue to be the NBA's top asset for deals, but its inclusion has dropped
15% year-over-year. Since each league's previous season, social & digital asset inclusion continues to climb.
KOR E | SS TT AA TT EE OO FF TT HH EE I I NN DD UU SS TT RR YY
Over the years our data has pointed to the imperative and high growth
opportunity of women in sport for partnerships. With the acquisition of London-
based Sports Alliance, a leader in fan engagement solutions across Europe, we
now have data highlighting the imperative to focus fan engagement marketing
on women supporters of all teams, leagues, athletes, and events.
Learn why.
F AN ATTE ND ANC E : F O C US O N WO M E N 37
KOR E | STATE O F TH E I ND USTR Y
Decade of Change
What We See
Female fans over 50 closing in on male attendance numbers.
• A decade's downward trend in
match ticket purchases
F AN ATTE ND ANC E Fan ticket data between comparisons of European football club seasons: 2011-12, 2017-18, and 2022-23 38
KOR E | STATE O F TH E I ND USTR Y
F AN ATTE ND ANC E Fan ticket data between comparisons of European football club seasons: 2014-15, 2017-18, and 2022-23 39
KOR E | STATE O F TH E I ND USTR Y
F O C US O N WO M E N 40
Fan ticket data between comparisons of European football club seasons: 2022-23
KOR E | STATE O F TH E I ND USTR Y
F O C US O N WO M E N 41
Fan ticket data between comparisons of European football club seasons: 2022-23
KOR E | STATE O F TH E I ND USTR Y
Household Status
Affects Female
Ticket Sales
Single females lead in women's
match ticket purchases.
The data shows a growing number of female purchasers for
sports tickets, predominantly for male matches. Notably,
females not living in a household (presumably single or living
alone) tend to buy more tickets for female matches compared
to those living in a household, who purchase male and female
match tickets at similar rates.
F O C US O N WO M E N Fan ticket data between comparisons of European football club seasons: 2022-23 42
KOR E | STATE O F TH E I ND USTR Y
Opportunities
Insights With a high percentage of brands wanting to focus on women
in sport, investing now is imperative for gains in an expanding
• Only 10% of football clubs offer dedicated season market securing long-term loyalty, and capitalizing on the
tickets for women's games. positive social impact.
• The average number of women's season ticket holders • Social Value: Engagement with women's sports entities
(STH) is 460, in stark contrast to 9,000 for men's. has been growing over 2x that of engagement with men's
over the last four years, according to our social data
• In the 2022-23 season, 190,000 tickets were sold for reporting.
women's matches compared to 8 million for men's.
• Develop and Grow Gen Z Loyalty: Gen Z audiences, known
• Women's matches typically take place in smaller for their passion for equality are highly engaged with
venues without access control systems. women's sports across social and streaming. Brands can
leverage this to connect with a younger audience as they
grow.
F AN ATTE ND ANC E 43
43
KOR E | SS TT AA TT EE OO FF TT HH EE I I NN DD UU SS TT RR YY
SO C I AL D E E P D I VE 44
KOR E | S TAT E O F TH E I ND USTR Y
WH Y SOCIAL M ATTE RS 48
KOR E | S TAT E O F TH E I ND USTR Y
582,188 Impressions
H OW WE M E ASUR E SOCIAL
$6.5K Adjusted Ad Value for Under Armour 49
KOR E | STATE O F TH E I ND USTR Y
4.6M
23.2M
#1 Team Post
#1 Post by Inter Miami
#1 Non Global Football Post
Cristiano Ronaldo’s 1st Cricketer, Virat Kohli's Inter Miami FC
match with Al Nassr FC personal post with wife. welcomes Lionel Messi.
L INK TO P OST L INK TO P OST
L INK TO P OST
50
TO P SO C I AL P O STS O F 2 0 2 3 Social Data from 2023-01-01 to 2024-01-01
KOR E | STATE O F TH E I ND USTR Y
#1 women’s #1 non-video #1 Women’s #1 Women’s Global Football post Demi Morgan post before a
sport post women’s sport post Basketball post competition in Thailand
3.1M engagements FIFA Women’s World Cup post the Argentina v. Scotland match
WNBA’s post about L INK TO P OST
Sarah Lezito’s post
A’ja Wilson & L INK TO P OST
about a trick she landed. Simone Biles’ wedding
announcement. Sydney Colson at a
L INK TO P OST Las Vegas Aces
L INK TO P OST game
L INK TO P OST
51
TO P SO C I AL P O STS O F 2 0 2 3 Social Data from 2023-01-01 to 2024-01-01
KOR E | STATE O F TH E I ND USTR Y
Lionel Messi 500.2 Million Lionel Messi 116.7 Million Lionel Messi 116.7 Million Real Madrid CF 40.2 Million
Virat Kohli 266.7 Million Real Madrid CF 114 Million Real Madrid CF 114 Million UCL 37.9 Million
Neymar 219.8 Million FC Barcelona 103.5 Million FC Barcelona 103.5 Million Tottenham Hotspur 34.5 Million
Lebron James 159.8 Million Neymar 92.1 Million FC Barcelona 32.9 Million
Neymar 92.1 Million
Neymar 32.2 Million
Real Madrid CF 154 Million La Liga 79.5 Million La Liga 79.5 Million
Juventus 31.4 Million
FC Barcelona 126 Million Manchester United 76.3 Million Manchester United 76.3 Million
WWE 26.3 Million
UCL 113.8 Million UCL 71.6 Million UCL 71.6 Million
La Liga 25.9 Million
Kylian Mbappe 112.4 Million Bayern Munich 57.2 Million Bayern Munich 57.2 Million
Manchester United 24.8 Million
NBA 87 Million Virat Kohli 51.5 Million Virat Kohli 51.5 Million
15% of platform total 10% of platform total 10% of platform total 13% of platform total
52
TO P SO C I AL P O STS O F 2 0 2 3 Social Data from 2023-01-01 to 2024-01-01
KOR E | STATE O F TH E I ND USTR Y
2024 NE WS 53
KOR E | STATE O F TH E I ND USTR Y
Audience / Growth
2.9 Billion
New Cumulative Sports Fans on Social
54
TO P SO C I AL P O STS O F 2023 Social Data from 2023-01-01 to 2024-01-01
KOR E | STATE O F TH E I ND USTR Y
55
TO P SO C I AL P O STS O F 2023 Social Data from 2023-01-01 to 2024-01-01
KOR E | STATE O F TH E I ND USTR Y
Audience / Overlap
12% fan overlap between the US Big 5 and Euro Football Big 5 Leagues.
54% fan overlap between the league and their teams on average.
NBA & NFL have least overlap – only 33% of their fans also follow a team.
9.4M
14.3M
30.5M
56
TO P SO C I AL P O STS O F 2023 Social Data from 2023-01-01 to 2024-01-01
KOR E | STATE O F TH E I ND USTR Y
57
UCL 1,886,659,599 Real Madrid CF 329,374,458 Cristiano Ronaldo 239,479,378 FC Barcelona 97,272,077
Cristiano Ronaldo 1,699,847,499 WWE 233,704,784 Manchester United 237,104,181 Manchester United 94,368,548
NBA 1,596,503,336 FIFA World Cup 215,031,597 UCL 218,886,823 Chelsea FC 72,234,254
Galatasaray A.S. 1,298,063,185 Manchester City 208,382,229 FIFA World Cup 165,701,084 Fenerbahce SK 69,808,753
Real Madrid CF 2,515,805,261 Chandler Hayden 160,787,920 Lionel Messi 156,621,376 Formula 1 64,169,162
18% of platform total 12% of platform total 19% of platform total 13% of platform total
59
Real Madrid CF 7,681,578,646 Real Madrid CF 2,680,705,079 NBA 1,398,045,608 MLB 810,058,417
ICC 6,669,771,899 FIFA World Cup 2,330,475,761 FaZe Kay 846,737,661 UFC 411,763,681
Formula 1 5,852,472,520 Chandler Hayden 2,225,631,379 ONE Championship 836,789,629 Liverpool FC 365,152,506
Manchester City 4,132,591,873 Juventus 1,853,161,703 Formula 1 682,198,619 PGA Tour 333,780,477
22% of platform total 29% of platform total 10% of platform total 22% of platform total
TO P VI E WS B Y E NTI TY 60
60
KOR E | STATE O F TH E I ND USTR Y
Facebook 10 86 70
Instagram 6 64 60
YouTube 10 22 41
TikTok 8 14 25
61
TO P SO C I AL P O STS O F 2023 Social Data from 2023-01-01 to 2024-01-01
KOR E | STATE O F TH E I ND USTR Y
3. Measuring Impact: Rights holders face 6. Social Engagement: Social media continues to
challenges in impact measurement (58%), be a pivotal space for brand exposure, with
data sufficiency (42%), and clarity in partner video content demand surging and indicating
objectives (33%). a preference for quality over quantity
in postings.
K E Y TAK E AWAYS 62
KOR E | SE CTION TITLE
We’d love to help you better understand how your These condensed reports will cover:
organization is performing against industry benchmarks.
Below is list, but not limited to, of shorter sector or • Industry patterns
subsector industry market reports you can request. • General sponsorship spend data
• Social media trends
• Automotive • Types of assets being used
• Healthcare • Who and what is driving the most value
• Financial
• Technology If you’d like to request data on your own sector,
• Food & beverage reach out to [email protected]
• CPG and our team can set up a time to learn more.
63
KOR E | STATE O F TH E I ND USTR Y
About KORE
At KORE we're more than just a global leader in the
sponsorship technology space; we're architects of
connection. KORE delivers a connected ecosystem of
solutions that span engagement marketing,
management, and data intelligence. With expertise
honed for over 23 years and trusted by over 900
leading brands and agencies worldwide, we
facilitate over $5B in transactions annually,
empowering our clients with the data and tools
necessary for creating more powerful partnerships.
AB O UT K O R E 64
KOR E | STATE O F TH E I ND USTR Y
TO P SO C I AL P O STS O F 2023 66
67
TO P SO C I AL P O STS O F 2023
KOR E | STATE O F TH E I ND USTR Y
TO P SO C I AL P O STS O F 2023 68
KOR E | STATE O F TH E I ND USTR Y
TO P SO C I AL P O STS O F 2023 70