Sports Analytics Market Analysis With Inputs From Industry Experts on Current Key Players, Forecast by 2028: EXL, SportsSource Analytics, IBM, SAS, GlobalStep, Tableau Software, IceBergs Sports, Catapult, iSportsAnalysis, and Sportradar
The global sports analytics market size is anticipated to reach over USD 5 billion by 2025. In addition, it is expected to exhibit a CAGR of over 31% during the forecast period 2020-2025. The sports analytics provides solutions such as and stats facts about any player and other different teams performances. Data explosion has been affecting industrial operations and sports is one of the fastest adopters of analytics. Advances in on-field analytics such as to gauge into player behavior on the field, attitude towards co-players, competitors as well as referees are routinely assessed based on sports analytics. Additionally, details on management analysis as well as decisions taken by various policy-makers are also influenced by sports analytics. Further, sports analytics is gaining tremendous momentum as psychological abilities of the players continue to be adjudged using sports analytics.
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Driven by the need to maintain highest level of physical fitness and vigor in order to participate in every sports event and tournament, maintaining routine assessment of player health is highly crucial. This is mediated seamlessly with real-time data assessment, aided by sports analytics capabilities, thus contributing towards a lucrative growth outlook.
The application of sports analytics can be analyzed across an extensive range of games comprising basketball, football, baseball, cricket, tennis, boxing, and others. Besides, it provides real-time information such as acceleration achieved, runs scored, the speed attained, and energy level of a player throughout the game. Hence, such statistics assist team managers and coaches in assessing a player’s performance during the game. Also, such data generated from various games can further help in developing the strategies for the upcoming games. Hence, such factors are driving the adoption of sports analytics globally.
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With Big data intrusion in sports, sports organizations as well as fans across the globe are intensely referring to Big Data practices for real time performance tracing, make sports relevant predictions as well as deal with sports related injuries that play crucial role in any sporting activity, influencing sportsman health. Additionally, aligning with viewer and fan-based craze, sports events are repeatedly augmenting sports analytics capabilities to entice fan loyalty, offer players a highly immersive experience and game relevant insights.
On-field viewing experience with sports analytics integration gets just better as viewers can now experience luxurious viewership with smart stadiums unleashing a host of amenities such as zoomed-in views of the sports on jumbo screens, on-demand services delivered at the stadium seats, improved parking as well as constant updates from social media and livestreaming channels have been all possible with data mining and analytics. Factors as such are creating rife growth grounds for sports analytics market.
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. However, 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 organization,
The major players of the global Sports Analytics market are EXL, SportsSource Analytics, IBM, SAS, GlobalStep, Tableau Software, IceBergs Sports, Catapult, iSportsAnalysis, and Sportradar. Moreover, the other potential players in the sports analytics market are Quant4Sport, Chyronhego, Exasol, Advanced Sports Analytics, and TruMedia Network. The recognized companies are coming up with an innovative and new sports analytics 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 market
Analytics Type Overview, 2018-2025 (USD Billion)
Sports Type Overview, 2018-2025 (USD Billion)
Application Overview, 2018-2025 (USD Billion)
Player fitness and safety
Player and team evaluation
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
Table Of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Sports Analytics Market by Analytics Type
Chapter 6 Sports Analytics Market by Sports Type
Chapter 7 Sports Analytics Market by Application
Chapter 8 Sports Analytics Market By Region
Chapter 9 Competitive Landscape
Chapter 10 Company Profiles
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