The global sports analytics market size reached USD 2.20 Billion in 2020 and is expected to register a CAGR of 21.8%,during the forecast period, according to latest analysis by Emergen Research. Increasing demand for players performance tracking and analysis is one of the key factors expected to continue to drive global sports analytics market revenue growth over the forecast period. In addition, increasing demand for sports analytics solutions to determine value of players in player transfers is another factor expected to boost revenue growth of the global sports analytics market in future. Furthermore, rising sports technology investments for data-driven decision making is expected to augment the global sports analytics market growth over the forecast period.
However, lack of awareness about advantages of sports analytics solutions is expected to hamper growth of the global sports analytics market over the forecast period.
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Based on the competitive landscape, the market report analyses the key companies operating in the industry:
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, and Deltatre SpA.
The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Sports Analytics market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
Further key findings from the report suggest
- Solution segment revenue is expected to expand at a significant CAGR during the forecast period. Increasing mobile apps usage to analyses data related to games is expected to boost revenue growth of this segment going ahead.
- The football segment is expected to lead in terms of revenue over the forecast period due to increasing popularity of football globally.
- Increasing adoption of cloud-based sports analytics solutions to optimize revenues and efficiently automate facilities for routine maintenance is expected to drive revenue growth of the cloud segment, which is expected to lead in terms of revenue contribution to the global sports analytics market during the forecast period.
- The on-field segment is expected to lead in terms of revenue over the forecast period due to increasing usage of sports analytical solutions in several outdoor games including rugby, football, cricket, baseball, basketball, hockey, and others.
- Factors such as rising adoption of sports analytics among sports organizations in countries such as the United States and Canada are expected to drive growth of the market in North America during the forecast period.
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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
- Ticket Pricing
- Fan Engagement
- On-field
- Video Analysis
- Player & Team Analysis
- Health Assessment
The study segments the Sports Analytics industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2021 – 2028 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.
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Market Dynamics:
The report offers insightful information about the market dynamics of the Sports Analytics market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Sports Analytics market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Sports Analytics market.
Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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