ID: MRFR/ICT/7271-HCR | February 2021 | Region: Global | 111 pages
Sports Analytics Market is expected to register a CAGR of 30.5% during the review period, 2019–2025.
Sports analytics helps sporting teams to gather and access information and facts about any player and team performances, which is very useful all through the training matches or sessions. The sports analytics market is expected to grow significantly over the forecast duration owing to factors such as the increasing demand for monitoring and tracking data of players and rising demand for predictive insights into fan preferences. Sports associations and coaches rely heavily on the data generated through sports analytics. This data can be used for various purposes including the selection of players, deciding playing line-ups, and strategy formulation before, during, and after the game. Further, the availability of cost-effective and high-end computing solutions is expected to fuel growth and create new opportunities for the sports analytics market. However, the lack of awareness about the advantages of using emerging technologies in sports is expected to hinder the market growth.
The Sports Analytics Market is characterized by the presence of several regional and local providers. Some of the key players in the market are Experfy Projects, Oracle, IBM Corporation, Sportradar AG, Tableau Software, Deltatre, Hudl, SAP SE, SAS Institute Inc., Opta Sports, Trumedia Networks, Salesforce.com Inc., Stats LLC, Catapult Group International Ltd, and Accenture among others.
The Sports Analytics Market has been segmented based on sport, Type, Component, Deployment Model, Application, and Region.
By sport, the market has been segmented into football, cricket, baseball, basketball, rugby, and others.
By type, the market has been segmented into on-field and off-field.
By component, the market has been segmented into solutions and services.
By deployment model, the market has been segmented into on-premise and cloud.
By application, the market has been segmented into the player analysis, team performance analysis, video analysis, health assessment, data interpretation and analysis, fan engagement and digital experience analysis, and others.
The regions included in the study are North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
Geographically, the global market has been categorized into four regions namely North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
North America dominated the Global Market for sports analytics in 2018 and is expected to have the largest market share during the forecast period. The growth is majorly attributed to the high adoption of analytics across sports in countries including the US and Canada. Also, Asia-Pacific is expected to grow at the highest CAGR over the forecast period owing to the growing popularity of sports as a career option. Countries like China and Japan are the major contributors to the growth in the Asia-Pacific market.
Key Questions Addressed by the Report
Frequently Asked Questions (FAQ) :
The rising influence of predictive insights into fan preferences is likely to benefit the global market.
A surging revenue level is foreseen in the global market.
A CAGR of 30.5%is estimated to broaden the scope for expansion in the imminent period.
Tableau Software and Oracle, Sportradar AG, Experfy Projects, are the leading firms in the global market.
The exceptional performance of the North American region will guarantee it a top spot in the market through the forecast period.