Sports Analytics Market High Demand, Recent Trends, Future Growth, Business Scenario, Product, Technology, Share and Forecasts 2021 – 2028
The global sports analytics market size reached USD 2.20 Billion in 2020 and is expected to register a CAGR of 21.8%,during the forecast period, according to latest analysis by Emergen Research. Increasing demand for players performance tracking and analysis is one of the key factors expected to continue to drive global sports analytics market revenue growth over the forecast period.
In addition, increasing demand for
sports analytics solutions to determine value of players in player transfers is
another factor expected to boost revenue growth of the global sports analytics
market in future. Furthermore, rising sports technology investments for
data-driven decision making is expected to augment the global sports analytics
market growth over the forecast period.
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The report further studies the key
companies operating in the industry and their company profiles, product
portfolio, expansion strategies, and strategic alliances such as mergers and
acquisitions, collaborations, and joint ventures, among others. It also offers
insights into their market reach and global position, along with highlights
about their achievements and financial standings.
Key players include Exlservice Holdings Inc., International
Business Machines Corporation, HCL Technologies Limited, Tableau Software,
Inc., SAS Institute Inc., Experfy, Inc., Sportradar AG, Oracle Corporation,
Catapult Group International Limited, and Deltatre SpA.
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Emergen Research
has segmented the global sports analytics market on the basis of component,
sports type, deployment, analysis, and region:
Component Outlook
(Revenue, USD Billion; 2018–2028)
Services
Solutions
Sports Type
Outlook (Revenue, USD Billion; 2018–2028)
Basketball
Football
Rugby
Baseball
Cricket
Others
Deployment
Outlook (Revenue, USD Billion; 2018–2028)
On-premises
Cloud
Analysis Outlook
(Revenue, USD Billion; 2018–2028)
Off-field
Ticket Pricing
Fan
Engagement
On-field
Video
Analysis
Player &
Team Analysis
Health
Assessment
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of
EU)
Asia Pacific (India, Japan, China, South
Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest
of Latin America)
Middle East & Africa (Saudi Arabia,
U.A.E., South Africa, Rest of MEA)
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Key Highlights in
the Report
Solution
segment revenue is expected to expand at a significant CAGR during the forecast
period. Increasing mobile apps usage to analyses data related to games is
expected to boost revenue growth of this segment going ahead.
The football
segment is expected to lead in terms of revenue over the forecast period due to
increasing popularity of football globally.
Increasing
adoption of cloud-based sports analytics solutions to optimize revenues and
efficiently automate facilities for routine maintenance is expected to drive
revenue growth of the cloud segment, which is expected to lead in terms of
revenue contribution to the global sports analytics market during the forecast
period.
The report considers the following timeline for market estimation:
Historical Years: 2017-2019
Base Year: 2020
Estimated Year: 2028
Forecast Years: 2021-2028
Unfolding the prime factors prompting global market growth:
The study offers an in-depth analysis of the
product outlook, which depicts the latest production growth trends and profit
valuation. It further fragments the global Sports Analytics market into a broad
product spectrum.
The study covers essential data related to
these products’ application landscape, the demand for and market share held by
each application type, and their growth rate analysis over the estimated
period.
A detailed description of the distribution
channels, including distributors, producers, and buyers, is one of the report’s
key market highlights.
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