Information and Communication Technology Sports Analytics Market is projected to grow up to 26.2% CAGR during the forecasting perio...

Sports Analytics Market is projected to grow up to 26.2% CAGR during the forecasting period 2021-2027.

Sports analytics provides methods for assessing player fitness and team performance, as well as competitive analysis, social media analysis, and financial analysis, among other important applications. It has resulted in the development of sophisticated systems for crunching numbers in order to anticipate previous results, win-loss records, and opponent history in order to predict the outcome of a future athletic event. Some of the factors driving the sports analytics market include rising need for real-time data based on fan preferences and data for analysis to achieve competitive benefits. The Global Sports Analytics Market research offers a comprehensive analysis of the market. The research provides an in-depth examination of major segments, trends, drivers, restraints, the competitive landscape, and factors that are important in the market. North America is predicted to have the largest market share in the global sports analytics market, with Asia Pacific (APAC) growing at the fastest CAGR over the forecast period. The growing digitalization trend, the creation of multiple sports leagues, and more market investments are all contributing to APAC's growth. North America is the world's largest revenue contributor to the sports analytics market. The market in the region is undergoing considerable changes. The significant growth rate in North America can be ascribed to the expanding use of AI technology, the growing amount of video analysis for monitoring player performance, and rising company investments in real-time analytics.

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Key Driving Factors: Wearable Devices are becoming more popular.

Wearable technology advancements have made it easier for users to collect critical health indicators and collaborate with fitness specialists. Furthermore, wearable technology such as accelerometers and GPS trackers are causing a sports revolution by predicting athletic skill and reducing or eliminating injuries. Furthermore, the use of System-on-Chip (SoC) in the field of wearable sports and fitness technology is constantly boosting market growth.

Advanced Tracking Technology Deployment

The Sports Analytics market is being driven by advances in technologies such as player activity tracking, sensor-based technology, image-based technology, and so on. Furthermore, the increasing application of machine learning for predicting injuries in players while playing any sport is boosting the market's growth. Moreover, the use of sensor-based technologies in hardware monitoring devices such as wearables, high-speed cameras, and other devices is expected to drive the sport injury prediction market over the forecast period.

This report offers the major market player’s profiles, such as IBM (US), SAS Institute (US), Tableau Software  (US), EXL (US), GlobalStep (US), Catapult (US), SportsSource Analytics (UK), HCL (India), Experfy (US), IceBergs Sports (Canada), Chyronhego (US), Stats Perform (US), Exasol (Germany), TruMedia Network (US), DataArt (US), Orreco (Ireland), Advanced Sports Analytics (US), Qualitas Global (India), iSportsAnalysis (UK), FORMCEPT (India), Quant4Sport (Italy), Physimax Technologies (US), and Zebra Technologies (US).  

Based on Application: In terms of application, the sports analytics market is split into six categories: performance analysis, player fitness and safety, player and team valuation, fan engagement, broadcast management, and others. As a result of increased fan engagement in stadiums, as well as the introduction of a number of new Artificial Intelligence (AI) and Internet of Things (IoT) technologies, the performance analytics segment is expected to be the fastest-growing segment in the sports analytics market during the forecast period.

The Sports Analytics Market report has been categorized as below

By Component

  • Solutions

  • Services

By Sports Type 

  • Individual Sports

    • Boxing

    • Tennis

    • Racing

    • Athletes

  • Team Sports

    • Cricket

    • Football

    • Hockey

    • Basketball

By Deployment Model

  • On-premises

  • Cloud

By Application

  • Performance Analysis

    • Team Performance Analysis

    • Competitor Analysis

    • Management

  • Player Fitness and Safety

  • Player and Team Valuation

  • Fan Engagement

  • Broadcast Management

    • Live

    • VAR

By Region

  • North America

  •  Europe

  • Asia Pacific

  • Rest of World

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Published Date : October-2021