The Sports Analytics Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Sports Analytics market. The report offers in-depth research and assessment of the key elements of the global Sports Analytics market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Sports Analytics market.
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 latest analysis by Emergen Research.
Revenue growth of the market is mainly driven by factors such as increasing adoption of big data in addition to other related technologies, increasing demand for real-time data access, and 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.
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The global Sports Analytics market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Sports Analytics industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
Key Companies Profiled 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
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
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- 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.
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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