Global Sports Analytics Market Forecast to 2030
The most recent market research report from Emergen Research, titled Global Sports Analytics Market, provides an estimated market size and share as well as current industry trends, global market growth rates, significant drivers and opportunities, difficulties, product segmentation, and key market competitors. Pricing range, size of the market, degree of competition, product offerings and details, and business histories
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.
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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Competitive Terrain:
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.
The leading market contenders listed in the report are:
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
Research Report on the Sports Analytics Market Addresses the Following Key Questions:
- Who are the dominant players of the Sports Analytics market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Sports Analytics market?
- What are the key growth drivers and restraining factors of the Sports Analytics market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Sports Analytics market and its key segments?
Market Overview:
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)
- 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
Regional Landscape section of the Sports Analytics report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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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.
- In On July 20, 2022, Kore Software expanded its service offerings and EMEA footprint by acquiring Sports Alliance, a fan data management and digital marketing provider. The Sports Alliance, founded in London, helps sports organizations' marketing teams collect and act on fan data faster. In particular, the company uses his AI insights to develop multi-channel advertising and engagement concepts. Kore will gain access to 140 new customers, expand its global distribution network, and provide additional features and services to its existing customer base of over 1,000 customers.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Sports Analytics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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