Sports Analytics Market Size Worth USD 10.64 Billion in 2028
The global sports analytics market size reached USD 2.20 Billion in 2020 and is expected to register a CAGR of 21.8%,during the forecast period, according to latest analysis by Emergen Research. Increasing demand for player’s performance tracking and analysis is one of the key factors expected to continue to drive global sports analytics market revenue growth over the forecast period. In addition, increasing demand for sports analytics solutions to determine value of players in player transfers is another factor expected to boost revenue growth of the global sports analytics market in future. Furthermore, rising sports technology investments for data-driven decision making is expected to augment the global sports analytics market growth over the forecast period.
The
current COVID-19 pandemic is expected to have an effect on the growth of the sports
analytics industry majorly attributable to the movement restrictions and impact
on the supply and demand due to the lockdowns. The COVID-19 pandemic has
affected several sectors of the global market, and the sports analytics sector
is expected to feel the impact of the pandemic. The economic slowdown and
dynamic changes in the demands will further affect the growth of the industry.
The report covers the impact analysis of the COVID-19 pandemic on the overall sports
analytics industry.
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Market Dynamics:
The
report offers insightful information about the market dynamics of the sports
analytics market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five
Forces analysis to present a better understanding of the sports analytics market,
competitive landscape, factors affecting it, and to predict the growth of the
industry. It also offers the impact of various market factors along with the
effects of the regulatory framework on the growth of the sports analytics market.
Some Key Highlights from the Report
- Solution
segment revenue is expected to expand at a significant CAGR during the
forecast period. Increasing mobile apps usage to analyses data related to
games is expected to boost revenue growth of this segment going ahead.
- The football
segment is expected to lead in terms of revenue over the forecast period
due to increasing popularity of football globally.
- Increasing
adoption of cloud-based sports analytics solutions to optimize revenues
and efficiently automate facilities for routine maintenance is expected to
drive revenue growth of the cloud segment, which is expected to lead in
terms of revenue contribution to the global sports analytics market during
the forecast period.
- The on-field
segment is expected to lead in terms of revenue over the forecast period
due to increasing usage of sports analytical solutions in several outdoor
games including rugby, football, cricket, baseball, basketball, hockey,
and others.
- Factors such
as rising adoption of sports analytics among sports organizations in
countries such as the United States and Canada are expected to drive
growth of the market in North America during the forecast period.
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Competitive Landscape:
Furthermore,
the report includes an in-depth analysis of the competitive landscape. The
segment covers a comprehensive overview of the company profiles along with
product profiles, production capacities, products/services, pricing analysis,
profit margins, and manufacturing process developments. The report also covers
strategic business measures undertaken by the companies to gain substantial
market share. The report provides insightful information about recent mergers
and acquisitions, product launches, collaborations, joint ventures,
partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
Key
players in the market include Exlservice Holdings Inc., International Business
Machines Corporation, HCL Technologies Limited, Tableau Software, Inc., SAS
Institute Inc., Experfy, Inc., Sportradar AG, Oracle Corporation, Catapult
Group International Limited, and Deltatre SpA.
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sports analytics Market Segmentation:
By Product Type:
Component
Outlook (Revenue, USD Billion; 2018–2028)
- Services
- Solutions
Sports
Type Outlook (Revenue, USD Billion; 2018–2028)
- Basketball
- Football
- Rugby
- Baseball
- Cricket
- Others
By Application:
Analysis
Outlook (Revenue, USD Billion; 2018–2028)
- Off-field
- Ticket
Pricing
- Fan
Engagement
- On-field
- Video
Analysis
- Player &
Team Analysis
- Health
Assessment
Regional Segmentation;
North America
(U.S., Canada)
Europe (U.K., Italy,
Germany, France, Rest of EU)
Asia Pacific
(India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America
(Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa
(Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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