Sports Software Market to Hit 13.43% to 2021

Sports Software Market is Projected to grow at 13.43% CAGR during the period 2017-2021. Network Consulting Industry research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Marketsizeforecasters.com adds new global Sports Software market: report that lists top active companies as Daktronics, IBM, SAP, and Vista Equity Partners.

Other Prominent Vendors in the market are: Blue Star Sports, EDGE10, Jonas Club Software, Sportlyzer, Sports Insight Technologies, Sports Manager, Sport:80, SportEasy SAS, F3M Information Systems, and TeamSnap.
Research Analysts forecast the global Sports Software market to grow at a CAGR of 13.43% during the period 2017-2021.

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Commenting on the report, an analyst team said: One trend in market is emergence of analytics in sports software. Sports teams have data about the player statistics, media contracts, ticket sales, and licensing deals. Professionals and fans find it important to have a quick insight of these data. Analysis must be agile and must be able to connect to diverse data sources to meet the demand for ad-hoc sports analytics. Furthermore, huge data is collected during games and sports competitions, but much of the live data is lost. Zebra Technologies manufactures RFID tags that are attached to players to track movement, distance, and speed. European clubs, such as Real Madrid and Arsenal, have made use of player-tracking systems such as analytics software and the IP camera network. The usage of player-tracking systems enabled individual players to move through every phase of the game and find ways to improve their performance. Data can also aid coaches and players make more-informed decisions that could even decide the outcome of a game. Coaches can select the top players, field the most effective teams, and make smarter decisions on the field or court. Insights into performance and data aid competitors to realize their full potential. Analytics in sports software help organizers and venue owners to optimize event experiences. In February 2016, IBM announced the solution called IBM Sports Insights Central that provides cognitive analytics foundation for talent evaluation.

The listed pricing for this Sports Software Market report starts at $ 3500.
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According to the report, one driver in market is increasing need to improve competitive responsiveness. To survive and thrive in a competitive environment, the sports software vendors are adopting new customer-centric pricing strategies enabled by technological advances. A growing number of sports software vendors are adopting value-based pricing models that focus on customer demand and value perception. Software pricing and delivery are based on the software vendor’s ability to offer differentiating value for the customers. Economic and market factors including the focus on ROI, constrained IT budgets, and customer’s choice for free models, such as open-source, contribute to the adoption of the sports software. Software prices are under pressure from constrained IT budgets and customer’s perception that software is overpriced. Thus, vendors in the market are revaluating their sports software pricing and delivery models to accommodate changing customer pricing preferences and budgets. Thus, vendors are offering different models, including term licensing, SaaS, and commercial open-source models according to customer requirements and changing demands. The different sports software pricing structures will increase its adoption among several industry verticals.

Further, the report states that one challenge in market is data privacy and security concerns. Data privacy and security risks are one of the major barriers to the adoption of cloud-services in sports organizations, especially the public cloud. Cloud security management is a challenging task for the vendors as numerous instances of online hackings and security breaches have happened. Cloud infrastructure is based on many patchwork of open-source codes and there is always a high probability to introduce flaws in the cloud systems. The public cloud infrastructure is more affected due to glitches in source codes as public clouds are multi-tenant and can affect various applications running in the cloud environment. Hackers can easily gain access to the cloud-based data storage systems as cloud-based infrastructure is based on open architecture and shared resources. The vendors should encrypt the client’s data and implement multi-factor authentication systems such as biometrics for authorization of users in the clients IT systems.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Browse full table of contents and data tables For Sports Software Market Report of 70 pages https://marketsizeforecasters.com/global-sports-software-market

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