The sports analytics market is expected to grow from USD 123.7 million in 2016 to USD 616.7 million by 2021, at a Compound Annual Growth Rate (CAGR) of 37.9%. The market is being driven by increasing need of sports organizations and management to gain insights in historical as well as real-time data that is generated on and off the field in sports.
Complete report of Sports Analytics Market spread across 288 Pages, Profiling 9 Companies and supported with 257 Tables and 55 Figures is now available at http://www.reportsnreports.com/reports/539529-sports-analytics-market-by-type-solutions-services-by-applications-player-analysis-team-performance-analysis-health-assessment-video-analysis-data-interpretation-analysis-fan-engagement-by-deployment-type-by-region-global-forecast-to-2021.html .
“Increasing demand of analytics for complex structured data streaming is expected to present extensive growth prospects for the sports analytics market”
Player performance during matches, events, and practice and training sessions and team’s strategies and performances are the most important aspect for any sports organization. Thus, huge amount of data is being generated from various devices and sources in sports industry related to players and team are important to analyze and gain insights. Thus, the demand by organizations to look into the data and improve their decision making to gain an edge over their competitors is increasing. Health assessment solutions segment is expected to have highest CAGR during the forecast period.
Sports analytics market report is useful for following audience
- Sports Analytics solution
- Internet Service Providers (ISPs)
- Sports Teams
- Sports Franchisees and clubs
- Domestic Sports Academies
- Sports Associations and Boards
- Third Party Providers
- Cloud Service Providers (CSPs)
- Managed Service Providers (MSPs)
- System Integrators
- Technology Infrastructure
- Networking companies
- Application design and development providers
- Value Added Resellers (VARs)
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North America, followed by Europe, is expected to hold the largest market share of the sports analytics market during the forecast period due to the prevailing trends of analytics being used in sports for hiring players in the game of baseball and the rapid adoption of emerging technologies in North America. Thus, the need to gain insights in sports related data and need for improved business operations is encouraging the adoption of sports analytics solutions in the region. Asia-Pacific (APAC) is expected to grow at the highest CAGR in the sports analytics market during the forecast period.
The sports analytics ecosystem consists of vendors and end users. The vendors provide solution and services to the end users for different application areas. The vendors consist of some major players such as IBM, SAP, SAS, Tableau Software, Oracle, STATS LLC, Prozone, Sportingmindz, TruMedia Networks and Opta. However end users include all the sports organizations that includes domestic and international franchisees, clubs, associations, and sports academies.
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In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. Breakdown of profile of primary participants is given below as:
- By Company Type: Tier 1 – 36 %, Tier 2 – 21% and Tier 3 –43%
- By Designation: C level – 75%, Director level – 15%, Others – 10%
- By Region: North America – 70%, Europe – 15%, APAC – 15%
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