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$5.2Bn Sports Analytics Market - Global Forecast to 2024
Wednesday, January 29, 2020
DUBLIN, Jan. 22, 2020 /PRNewswire/ -- The "Sports Analytics Market by Sports Type (Individual and Team), Component, Application (Performance Analysis, Player Fitness and Safety, Player and Team Valuation, and Fan Engagement), Deployment Model, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
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The global sports analytics market size is projected to grow from USD 1.9 billion in 2019 to USD 5.2 billion by 2024, at a CAGR of 22% during the forecast period.
This study covers the sports analytics market across segments. It aims at estimating the market size and the growth potential of this market across segments, such as sports types, deployment models, applications, and regions.
The sports analytics market is driven by increasing demand for predictive analysis, which is boosting fans' experience in stadiums and provides detailed statistical data for athletes' performance analysis. Predictive analysis helps in boosting athlete performance by optimizing ticket pricing. A few of the restraints for the market growth are the dearth of the budget for investing in advanced technologies by various teams and leagues and the lack of awareness for various advanced technologies in the sports analytics market.
Team sports segment to grow at the highest CAGR during the forecast period
The sports analytics market by sports is segmented into individual sports and team sports. The team sports segment is expected to grow at a rapid pace during the forecast period. The sub-segments of team sports considered in the report are cricket, football, hockey, and basketball. The football sub-segment has the highest growth rate during the forecast period, due to the increased number of leagues performance in various regions. The growth of this segment can be attributed to the increasing deployment of the sports analytics technology, which leads to the rising demand for pre- and post-match performance videos to have better analyzing capability for players performance.
Performance analysis segment to grow at the highest CAGR during the forecast period
The sports analytics market by application has been segmented into performance analytics, player fitness and safety, player and team valuation, fan engagement, and broadcast management. The performance analysis segment is growing at a fast pace due to the increasing demand for structured data required by teams and coaches for better analyzing and improving the player performance. Furthermore, followed by performance analysis, fans engagement is also growing, which increases the overall revenue of various sports, leagues, and clubs.
Asia Pacific to grow at the highest CAGR during the forecast period
Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The growth is attributed to the emergence of various sports analytics software and services, which help the player get a statistical and structured data to analyze the performance and increase the use of digital-based technology, such as sensory devices.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Sports Analytics Market 4.2 Market Top 3 Applications 4.3 Market By Region
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Investment in Sports Technology for Data-Driven Decisions 5.2.1.2 Need for Player/Team Performance Improvement 5.2.2 Restraints 5.2.2.1 Lack of Awareness About the Benefits of Sports Analytics Solutions 5.2.2.2 Budget Constraints May Hamper the Adoption of Sports Analytics Solutions 5.2.3 Opportunities 5.2.3.1 Advent of AI and ML Technologies 5.2.3.2 Streaming of Complex Data to Increase Demand for Analytics 5.2.4 Challenges 5.2.4.1 Lack of Professionals With ApproPRIAte Analytical Skills 5.3 Use Cases 5.3.1 Use Case: Scenario 1 5.3.2 Use Case: Scenario 2 5.3.3 Use Case: Scenario 3 5.4 Regulatory Implications 5.4.1 General Data Protection Regulation 5.4.2 Health Insurance Portability and Accountability Act 5.4.3 System and Organization Control2 Type II Compliance 5.4.4 ISO/IEC 27001
6 Sports Analytics Market, By Sports Type 6.1 Introduction 6.2 Individual Sports 6.2.1 Boxing 6.2.2 Tennis 6.2.3 Racing 6.2.4 Athletics 6.2.5 Others 6.3 Team Sports 6.3.1 Cricket 6.3.2 Football 6.3.3 Basketball 6.3.4 Baseball 6.3.5 Hockey 6.3.6 Others
7 Sports Analytics Market, By Application 7.1 Introduction 7.2 Performance Analytics 7.3 Player and Team Valuation 7.4 Player Fitness and Safety 7.5 Fan Engagement 7.6 Broadcast Management
8 Sports Analytics Market, By Deployment Model 8.1 Introduction 8.2 On-Premises 8.3 Cloud
9 Sports Analytics Market, By Component 9.1 Introduction 9.2 Solutions 9.3 Services
10 Sports Analytics Market, By Region 10.1 Introduction 10.2 North America 10.3 Europe 10.4 Asia-Pacific 10.5 Middle East and Africa 10.6 Latin America
11 Competitive Landscape 11.1 Competitive Leadership Mapping 11.1.1 Visionary Leaders 11.1.2 Innovators 11.1.3 Dynamic Differentiators 11.1.4 Emerging Companies 11.2 Strength of Product Portfolio 11.3 Business Strategy Excellence
12 Company Profiles 12.1 Introduction 12.2 IBM 12.3 Tableau Software 12.4 Zebra Technologies 12.5 Catapult 12.6 EXL 12.7 SAS Institute 12.8 HCL 12.9 Chyronhego 12.10 GlobalStep 12.11 Stats Perform 12.12 Exasol 12.13 TruMedia Networks 12.14 DataArt 12.15 Orreco 12.16 Quant4Sport 12.17 Physimax Technologies 12.18 FORMCEPT 12.19 Qualitas Global 12.20 iSportsAnalysis 12.21 IceBerg Sports Analytics
For more information about this report visit https://www.researchandmarkets.com/r/rx35k8
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
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Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com
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SOURCE Research and Markets
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