Sports Analytics Market by Component (Solution and Services), Deployment Mode (On-Premise and Cloud), Application (Marketing/Sales, Video Analysis, Fan Engagement, Team Performance & Training Sports, Player Analysis & Health Assessment, and Other), and Region: Forecast to 2026
The global sports analytics market is estimated to grow at a CAGR of substantial growth rate of 40.40% during the forecast period 2019-2026. The sport analytics industry is expected to reach $6,376.45 million by 2026 with a massive growth, considering base revenue as $425.76 million in 2018. The global sports analytics market deals with method of analyzing data in a systematic manner with special statistical tools with a focus to improve performance of players in particular sport or event, team management, fan-base reactions, and help in decision making through information available by considering various parameters based on type of sports.
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Growth in amount of on-field data and increase in tracking and monitoring activities of players through collecting data by various methods and equipment are some major driving growth factors of the global sports analytics market. Additionally, increase in demand of predictive insights by fanbase also support the growth of the sports analytics market. Also, high-end computing solutions, availability of cost-effective and rise in demand of critical data streaming will influence the market growth by leveraging the opportunities present in the market in the form of technological advancements and inclination of population towards data analytics. Whereas, lack of awareness related to sports technology, high maintenance and high investment are some crucial factors that will hamper the market growth over the forecast period.
Market players present in the Global Sports Analytics Market
The market players present in the sport analytics market include IBM Corporation, Nielson Sports, Opta Sports, Oracle Corporation, SAS Institute, SAP SE, Sportradar AG, Stats Perform, Tableau Software and Trumedia Networks. The market players present are adopting various market strategies such as partnership, product launch, partnership, collaboration, business expansion and agreement. Adopting market strategies are allowing to engage market players and withhold the market position for the long-term.
Geographical overview of the Global Sports Analytics Market
The global sports analytics market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The regions are further segmented as:*North America (U.S. and Canada) *Europe (UK, France, Germany and Rest of Europe) *Asia-Pacific (China, India, Japan and Rest of Asia-Pacific) *LAMEA (Latin America, Middle East and Africa)
North America is analyzed as dominating region in the global sports analytics market, owing to high adoption of technological advancements and strong financial base of sports organizations based in the region. Moreover, in the U.S., many large-scale sports organizations compulsorily adopted sports analytics to support operation activities of professional teams under the organizations.
Whereas, the Asia-Pacific is expected to hold the position of fastest growing region in the sport analytics market, over the forecast period. The Asia-Pacific market is expected to register fastest growth owing to growing inclination of countries towards sports and high opportunities in the regional market provide strong platform for sport analytics vendors to gain profitable base from the region.
Segmentation overview of the Global Sports Analytics Market
The global sports analytics market is segmented as Deployment Mode, Component and Application.
Deployment Mode segment is sub-segmented into:*On-Premise *Cloud
Component segment is sub-segmented into:*Software *Services
Application segment is sub-segmented into:*Marketing/Sales *Fan Engagement *Video Analysis *Team Performance & Training Sports *Player Analysis & Health Assessment *Others
Some of the key topics covered in the report include:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Sports Analytics Market, By Component
Chapter 5: Global Sports Analytics Market, By Deployment Mode
Chapter 6: Sports Analytics Market, By Application
Chapter 7: Global Sports Analytics Market, By Region
Chapter 8: Competitive Landscape
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