Sports Analytics Software Market Analysis by Industry Trends, Future Growth & Forecast 2025| IBM, Catapult, SAS, GlobalStep, Tableau Software, IceBergs Sports, EXL, SportsSource Analytics, iSportsAnalysis, and Sportradar, Quant4Sport, Chyronhego, Exasol,
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The existing and future sports analytics software market developments are outlined to determine the attractiveness of the market. Key impacting factors highlight the sports analytics software market opportunities during the forecast period. Factors such as the growing need to enhance players' performance are driving market growth. Also, the rising investments in sports technology are fuelling the global sports analytics software market growth. However, the budget constraints for many sports organizations are expected to hamper the market growth. Furthermore, the integration of ML and AI technologies is anticipated to be opportunistic for the market in the forthcoming years.
The report also highlights various characteristics of the global sports analytics software industry by valuing the market through value chain analysis. In addition, the report comprises several qualitative features of the sports analytics software industry that covers market drivers, restraints, as well as key industry opportunities. Additionally, the report offers a comprehensive valuation of the market rivalry along with company profiling of local as well as global vendors.
The sports analytics software market has the rigorous competition between the pre-established and new emerging market players. Also, the sports analytics software industry players are aiming at potential markets to seize a competitive lead over the other industry players by forming acquiring new startups & other companies, agreements, forming collaboration and partnerships, mergers & acquisitions, and expanding their business presence.
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In terms of the analytics type, the market is segmented into off-field and on-field. The on-field segment is further segmented into video analysis, team & player analysis, and health assessment. Also, the off-field segment is further bifurcated into ticket pricing and fan engagement. In 2019, the on-field segment accumulated the highest market share and it is likely to do so throughout the forecast period. Also, the on-field segment is anticipated to experience the highest market growth throughout the forecast period. The dominance of this segment is mainly accredited to the growing need to analyze players' fitness and performance.
The Asia-Pacific region is expected to accumulate the highest growth rate during the forecast period 2020-2025. The market growth in this region is primarily accredited to the increasing awareness about the sport analytics solutions among the various organizations. However, the North American region is projected to gather the highest market share during the forecast period. The dominance of this region is mainly accredited to the significant developments happening in this region.
The major players of the global sports analytics software market are IBM, Catapult, SAS, GlobalStep, Tableau Software, IceBergs Sports, EXL, SportsSource Analytics, iSportsAnalysis, and Sportradar. Moreover, the other potential players in the sports analytics software market are Quant4Sport, Chyronhego, Exasol, Advanced Sports analytics software, and TruMedia Network. The recognized companies are coming up with an innovative and new sports analytics software solution. For instance, in July 2019, IBM announced a partnership with Columbus Crew. With this partnership, IBM created the digital experience for Columbus Crew Soccer Club's new stadium which is expected to be open by the year 2021.
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Segment Overview of Global Sports Analytics Software market
Component Overview, 2018-2025 (USD Million)
Analytics Type Overview, 2018-2025 (USD Million)
Team & Player Analysis
Deployment Mode Overview, 2018-2025 (USD Million)
Regional Overview, 2018-2025 (USD Billion)
Rest of Europe
Rest of Asia-Pacific
Middle East and Africa
Rest of Middle East and Africa
Rest of South America
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