According to the latest report by IMARC Group, titled "Global Sports Analytics Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027", the global sports analytics market reached a value of US$ 907.5 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2,778.20 Million by 2027 exhibiting a CAGR of 19.20% during 2022-2027.
Sports
analytics represents the application of statistical and mathematical principles
to analyze numerous components of sports, such as player performance,
recruitment, business performance, etc. It involves collecting data from a
broad sample and establishing various parameters that measure the hit rate.
Based on the type, sports analytics is segmented into on-field and off-field
analytics. Sports analytics assists in ensuring high returns on investments,
reducing operating costs, increasing overall income, etc. It also aids in
evaluating the strengths and weaknesses of opponents. As a result, sports
analytics is widely utilized by professional and college sports programs,
sports media, training technology companies, etc.
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Report
Metric |
|
Historical:
2016-2021 |
|
Base Year:
2021 |
|
Forecast
Year: 2022-2027 |
Sports Analytics Market Trends and Drivers:
The growing
investments across the sports industry towards making data-driven decisions are
primarily bolstering the sports analytics market. In addition to this, the
inflating need for tracking and monitoring the data of players is further
augmenting the market growth.
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Moreover,
the escalating demand for enhanced wearable devices among athletes to gain
insights into their performance is acting as another significant
growth-inducing factor.
Besides
this, the rising health consciousness among consumers, particularly owing to
the sudden outbreak of the COVID-19 pandemic, is also positively influencing
the global market. Additionally, the development of high-end and cost-effective
computing solutions is anticipated to fuel the sports analytics market in the
coming years.
Note: We are
regularly tracking the direct effect of COVID-19 on the market, along with the
indirect influence of associated industries. These observations will be
integrated into the report.
Global Sports
Analytics Market 2022-2027 Analysis and Segmentation:
Competitive
Landscape:
The
competitive landscape of the market has been studied in the report with the
detailed profiles of the key players operating in the market.
Chyronhego
Corporation, Experfy Inc., HCL Technologies, International Business Machines
Corporation, iSportsAnalysis, Oracle Corporation, Qualitas Global Services, SAP
SE, Sas Institute Inc., Sportradar AG, Stats Perform and Tableau Software LLC
(Salesforce.com Inc.).
The report has
segmented the market on the basis of region, component, analysis type and
sport.
Breakup by
Component:
· Software
· Service
Breakup by Analysis
Type:
· On-field
o
Player and Team Analysis
o
Video Analysis
o
Health Assessment
· Off-field
o
Fan Engagement
o
Ticket Pricing
Breakup by Sport:
· Football
· Cricket
· Hockey
· Basketball
· American
Football
· Others
Breakup by
Region:
- North America: (United States,
Canada)
- Asia Pacific: (China,
Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United
Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico,
Others)
- Middle East and Africa
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latest primary and secondary data (2022-2027) with Cost Module, Business
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Key
highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success
Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the
Competitive Landscape
If you need
specific information that is not currently within the scope of the report, we
can provide it to you as a part of the customization.
About Us:
IMARC Group
is a leading market research company that offers management strategy and market
research worldwide. We partner with clients in all sectors and regions to
identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
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information products include major market, scientific, economic and
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and high technology organizations. Market forecasts and industry analysis for
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and tourism, nanotechnology and novel processing methods are at the top of the
company’s expertise.
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