The global demand for Sports Analytics Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Sports analytics is a practice of analyzing various sports industry components like player performance, business performance, recruitment, etc., using both data and statistical analysis to make well-researched decisions. The two aspects of sports analytics include on-field and off-field analytics. On-field analytics is used to study teams/players' on-field performance and deals with game tactics and player fitness. Off-field analytics is used to make business decisions that can lead to higher profitability. Off-field analytics primarily focuses on data dealing with ticket and merchandise sales, fan engagement, etc. A specific type of predictive analysis is performed using specialized data visualization tools and varies for each sport in methodology.
Sports analytics is an emerging market since reliance on quantitative data to help teams gain a competitive advantage is gaining a wide range of acceptance in the current age of AI. The increased popularity of health assessment solutions, fitness bands, and wearable devices will benefit this market's growth. Sports analytics plays a significant contribution to the growing industry of sports gambling. Continuously advancing data collection techniques will expand this market's development since they help improve fan acquisition, marketing, and even understand the impact of sponsorship on each team and its fans. The advent of cloud-based technology solutions will be a market booster. Lack of a skilled workforce with in-depth knowledge of analytical tools and high costs of these services will hinder the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of sports analytics.
The entire sports analytics market has been sub-categorized into component, type and sports. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Player & Team Analysis
- Video Analysis
- Health Assessment
- Fan Engagement
- Ticket Pricing
This section covers regional segmentation which accentuates on current and future demand for sports analytics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Sports Analytics Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the sports analytics market include Experfy Projects, Oracle, IBM Corporation, Sportradar AG, SAP, Tableau Software, SAS Institute Inc., Deltatre, Catapult, Hudl. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.