Sports Analytics Market Revenue, Technology, Trends, Demand and Growth Opportunities by 2023

The increasing adoption of cloud-based solutions for analytics of complex data is expected to present new revenue opportunity for several players engaged in sports analytics market. The market of sports analytics is driven by the factors such as increasing demand of management officials, coaches, and mentors for real-time access of relevant information. Moreover, factors such as high research and development requirement and availability of limited funding restrain the growth of global sports analytics market.

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Sports analytics helps business organizations in searching for an innovative technology in sports, offers various solutions for leading business models to organize and manage teams. An efficient sport analytics helps sportsperson and sport organizations to attain competitive edge that helps them to efficient decision making and develop effective strategy for the game. The adoption of cloud based sports analytics services and solutions is expected to enhance during the forecast period, as it provides business enterprises with analytical potential without spending much on IT infrastructure and technical staffs.

Geographically, North America is the largest market of sports analytics, followed by Europe. The strong financials of various sports organization and high technological adoption trends in the European and the North American region has led to the growth of sports analytics market. Asia-Pacific is expected to be a promising market for sports analytics due to increasing inclination towards sports and it offers good growth opportunity for various sports analytics vendors.

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Some of the key players of global sports analytics market are IBM Corp., SAP SE, SAS, Tableau Software, Oracle Corp. STATS LLC, TruMedia Networks and Sportingmindz Technology Pvt Ltd.

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