Sports Analytics Market Trend, Demand, Scope, Growth Analysis and Industry Forecast 2021 -2028

Sports Analytics Market

According to the most recent analysis by Emergen Research, the size of the worldwide sports analytics market reached USD 2.20 billion in 2020 and is projected to grow at a CAGR of 21.8% over the forecast period. One of the major factors anticipated to continue to propel the expansion of the global sports analytics market’s revenue over the projected period is the rising need for player performance tracking and analysis. Another factor anticipated to boost revenue growth in the future of the global sports analytics market is the rising demand for sports analytics solutions to assess player worth in player transfers. Additionally, during the course of the forecast period, the global sports analytics market is anticipated to increase as a result of increasing expenditures in sports technology for data-driven decision making.

However, during the course of the projection period, it is anticipated that a lack of knowledge about the benefits of sports analytics solutions will restrain market expansion.

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Some Key Highlights from the Report

Revenue growth in the solution category is anticipated to occur at a substantial CAGR throughout the projection period. Going forward, it is anticipated that increased use of mobile apps to analyse game-related data would accelerate this segment’s revenue growth.

Due to football’s rising popularity around the world, the football category is anticipated to dominate in terms of revenue over the projection period.

The cloud segment is anticipated to lead in terms of revenue contribution to the global sports analytics market during the projected period due to the rising usage of cloud-based sports analytics solutions to optimise revenues and effectively automate facilities for routine maintenance.

Because more outdoor sports, including rugby, football, cricket, baseball, basketball, and hockey, are using sports analytical solutions, the on-field category is anticipated to generate more revenue during the projection period.

Increasing use of sports analytics by sports organisations in nations like the United States and Canada is one factor that is anticipated to boost market expansion in North America over the projected period.

Exlservice Holdings Inc., IBM Corporation, HCL Technologies Limited, Tableau Software, Inc., SAS Institute Inc., Experfy, Inc., Sportradar AG, Oracle Corporation, Catapult Group International Limited, and Deltatre SpA are a few notable market participants.

In July 2019, Catapult Group International Limited partnered with DDSports, Inc. (ShotTracker) to offer live statistics and analytics for professional and collegiate basketball teams to fans, players, and broadcast networks. The partnership would produce a set of data that would help with injury prevention, enhancing improvement processes, and enhancing physical performance on the basketball floor.

Emergen Research has segmented the global sports analytics market on the basis of component, sports type, deployment, analysis, and region:

Component Outlook (Revenue, USD Billion; 2018–2028)

  • Services
  • Solutions

Sports Type Outlook (Revenue, USD Billion; 2018–2028)

  • Basketball
  • Football
  • Rugby
  • Baseball
  • Cricket
  • Others

Deployment Outlook (Revenue, USD Billion; 2018–2028)

  • On-premises
  • Cloud

Analysis Outlook (Revenue, USD Billion; 2018–2028)

  • Off-field
    1. Ticket Pricing
    2. Fan Engagement
  • On-field
    1. Video Analysis
    2. Player & Team Analysis
    3. Health Assessment

Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. U.K.
    4. Italy
    5. Spain
    6. BENELUX
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of MEA

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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