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Sports Analytics Market Size And Growth, Potential Analysis, Opportunities And Trends By Forecast 2033
Sports Analytics Market
The Business Research Company offers in-depth market insights through Sports Analytics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The sports analytics market size has grown exponentially in recent years. It will grow from $1.99 billion in 2023 to $2.51 billion in 2024 at a compound annual growth rate (CAGR) of 26.2%. The growth in the historic period can be attributed to data availability and integration, fan engagement, performance optimization, business operations improvement, globalization of sports.
The sports analytics market size is expected to see exponential growth in the next few years. It will grow to $6.21 billion in 2028 at a compound annual growth rate (CAGR) of 25.4%. The growth in the forecast period can be attributed to personalized fan experiences, increased investment, regulatory compliance. Major trends in the forecast period include advanced player tracking technology, machine learning and predictive analytics, esports analytics, integration of biometrics data.
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Market Segmentation:
The sports analytics market covered in this report is segmented -
1) By Component: Solution, Service
2) By Deployment Mode: On-premise, Cloud
3) By Application: Player Analysis, Team Performance Analysis, Health Assessment, Video Analysis, Other Applications
4) By Sport: Football, Cricket, Hockey, Basketball, American Football, Other Sports
Major Driver - Player Monitoring Data Boosts Sports Analytics Market
The increasing demand for monitoring and tracking data of players will propel the growth of the sports analytics market. Monitoring an athlete is increasingly being used by sporting federations and organizations to understand the patterns of behavior, habits, and performance among athletes. Capturing these data allows the coach to evaluate and analyze, which in turn helps them get the best possible performance out of the athlete. Monitoring and tracking are a combination of data collection and analysis (monitoring) to assess to what extent the objectives are met by the player. As the demand for monitoring and tracking data of player increase, there will be a significant need for sports analytics solutions to develop data-driven decisions based on data extracted from monitoring tools and platforms. For instance, in 2021, more than 40 Scottish football and rugby clubs currently use the EDGE system of PlayerData (a UK-based software company) for performance analysis and load management. EDGE GPS is a data collection and monitoring tool that is worn by athletes to capture physical metrics during sports sessions. Thus, the increasing demand for monitoring and tracking data of players is expected to propel the sports analytics market growth.
Competitive Landscape:
Major companies operating in the sports analytics market report are IBM Corporation, Oracle Corporation, SAP SE, Salesforce Inc., Zebra Technologies Corp, Sports Team Analysis and Tracking Systems, SAS Institute Inc., Tableau Software Inc., ExlService Holdings Inc., Stats LLC, Sportradar AG, Dataart Solutions Inc., Genius Sports Group Ltd., HCL Technologies Ltd., Catapult Group International Limited, WSC Sports Technologies Ltd., Opta Sports Data Ltd., The Chyron Corporation, Kinexon GmbH, Exasol AG, Synergy Sports, TruMedia Networks Inc., ShotTracker Inc., Spalk Co, Sportingmindz Technology Pvt Ltd., Orreco Ltd., Second Spectrum, Quant4Sport, Deltatre SpA, Agile Sports Technologies Inc., Perform Group, Sportlogiq Inc.
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Top Trend - Leveraging AI And ML For Cutting-Edge Market Positioning
Major companies operating in the sports analytics market are focused on adoption of integration of AI and ML in sports analytics to strengthen their market position. The integration of AI and ML in the sports analytics market has brought about transformative advancements, enhancing the depth and sophistication of data analysis. For instance, in November 2023, Tech Mahindra, an India-based Information technology company, launches a sports cloud platform built on AWS to provide an immersive fan experience globally, powered by AI, ML, Analytics and AR/VR. the platform, built on AWS, enables real-time data processing, enriched broadcasting, and Web 3.0 experiences. It supports content engagement, customer data management, and metaverse gamification, allowing sports organizations to transform digital properties, generate new revenue streams, and engage fans globally.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Sports Analytics Market Characteristics
3. Sports Analytics Market Trends And Strategies
4. Sports Analytics Market - Macro Economic Scenario
5. Sports Analytics Market Size And Growth
…..
27. Sports Analytics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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