The global sports analytics market size was USD 2.45 billion in 2021 and is expected to register a revenue CAGR of 27.3% during the forecast period, according to the latest analysis by Emergen Research.
The Sports Analytics Market report will provide readers, stakeholders, and businesses with in-depth information about market size, revenue growth, and general industry dynamics in order to help them better position themselves in the global Sports Analytics Market. It offers thorough information on significant considerations, constraints, limitations, and issues in addition to market segmentations based on factors like product type, application, and regional bifurcation.
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Revenue growth in the market is mainly driven by factors such as the increasing adoption of big data in addition to other related technologies, the increasing demand for real-time data access, and the increasing adoption of wearable devices by athletes. Sports analytics helps companies find innovative technology in sports and provides a variety of solutions for key business models for building and managing teams.
Efficient sports analytics help athletes and sports organizations gain a competitive advantage by enabling them to make efficient decisions and develop effective strategies for their games. The customization of products related to sports analytics makes efficient use of big data analytics. Analysts can identify prospective leagues based on past success and the player’s ability to attract an audience. For example, leagues with larger stadiums are great candidates to generate more ticket sales revenue. Sports teams can use the data to identify followers who have attended games, traveled around the stadium, or made purchases within the stadium. This information is important for executives as it allows them to focus on sponsor outreach and engagement inside and outside the stadium.
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The global Sports Analytics industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Leading Market Players Profiled in the Report:
Exlservice Holdings Inc., International Business Machines Corporation, HCL Technologies Limited, Tableau Software, Inc., SAS Institute Inc., Experfy, Inc., Sportradar AG, Oracle Corporation, Catapult Group International Limited, Deltatre SpA
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Some Key Highlights from the Report
- Based on component, the global sports analytics market is segmented into solutions and services. The solutions segment is expected to lead in terms of revenue share in the global market during the forecast period owing to the increasing trend toward cloud-based solutions that bring benefits in terms of data security and connectivity to end users such as sports organizations. expected. Sports teams, tournaments, pros. Additionally, sports enthusiasts are known to use smartphone applications that analyse data related to games and events. Additionally, increasing use of cloud-based solutions that enable quick access, along with the proliferation of smartphones and other smart devices, has led to increased use of data analytics, driving revenue growth in this segment.
- The North American market is expected to account for the largest share of sales during the forecast period. This is due to the increasing acceptance of sports analytics by sports organizations and technological advances in regions such as the United States and Canada, as well as complementary technological advances. For example, LiDAR could be a game-changer for the NBA franchise used in the context of athletic performance. For example, the new technology, light detection and ranging, uses pulsed lasers to track the smallest movements from a distance, a competitive previous league player tracking technology that offers a new level of value are the factors driving the growth of the market.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Sports Analytics market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Sports Analytics market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Sports Analytics market.
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The report bifurcates the Sports Analytics market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Sports Type Outlook (Revenue, USD Billion; 2018–2028)
- Deployment Outlook (Revenue, USD Billion; 2018–2028)
- North America (the U.S., Canada, Mexico)
- Europe (the U.K., Germany, France, Italy)
- Asia Pacific (India, China, Japan, Korea)
- Latin America (Brazil, Argentina, Ecuador, Chile)
- Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key reasons to buy the Global Sports Analytics Market report:
- The latest report comprehensively studies the global Sports Analytics market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products & services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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