Market Research Report
Sports Analytics Market-Forecast till 2027
|Sports Analytics Market-Forecast till 2027|
Published: March 22, 2022
Market Research Future
Content info: 100 Pages
Delivery time: 1-2 business days
As per the MRFR statistics, the global Sports analytics market is anticipated to exhibit a substantial CAGR of 20.2% during the review period. Sports analytics is the examination of sports information, including parts of sports like player execution, business tasks, and enlistment. The information offers a benefit to the two people and groups taking part in a contest and sports undertakings. Sports analytics utilizes the use of numerical and factual guidelines for sports. It's partitioned into on-field and off-field analytics. On-field analytics upgrade the exhibition of players and instruct staff by zeroing in on their techniques and wellness. The sports analytics use insights to help the proprietors of the game substances to show up at choices prompting expanded development and benefit of their business.
The key growth drivers of the global sports analytics market are rising requirements for Real-Time Data Access and growing demand for fan preferences. for predictive insights. Additionally, the revolution in mobile technology is expected to create promising opportunities for the major market players in the future.
The global Sports analytics market has been classified in terms of sport, deployment model, application, type, component, and region.
Based on sports, the global sports analytics market has been segmented into football, rugby, baseball, cricket, basketball, and others. The global sports analytics market, based on type, has been segmented into on-field and off-field. The components segment categorizes the market into solutions and services.
In terms of the deployment model, the global sports analytics market has been bifurcated into on-premises and cloud. Based on application, the global market has been divided into performance tracking & analysis, event ticket pricing & merchandise sales, health assessment & injury prediction, fan engagement and digital experience analysis, player scouting & valuation, and others.
Geographically, the global sports analytics market has been segregated into Asia-Pacific, North America, Europe, and the Rest of the World.
North America is likely to lead the market owing to the largest market contribution of 42.3% in 2020. The regional market is attributed to the rising demand for agile, scalable, and economic computing in North America.
Europe is expected to register as the second-largest market for sports analytics followed by Asia-pacific due to the well-established regions in the continent. Germany exhibits the largest regional market. The rising inclination among group directors and mentors to use constant information to figure out gaming procedures and put together instructional meetings in the region is a portion of the fundamental factors that expect the ascent in sports examination arrangements.
Some of the prominent players operating in the global sports analytics market include Oracle (US), IBM Corporation (US), Sportradar AG (Switzerland), SAP SE (Germany), SAS Institute Inc. (US), Trumedia Networks (US), Deltatre (UK), Hudl (US), Salesforce.Com Inc. (US), Stats Perform (US), Catapult Group International Ltd. (Australia), Accenture plc (Ireland), and Experfy Projects (US).
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