HOME › Press Releases › Sports Analytics Market worth USD 616.7 Million by 2021
Sports Analytics Market worth USD 616.7 Million by 2021
The report "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, the global 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%.
Browse 53 market data Tables and 41 Figures spread through 124 Pages and in-depth TOC on "Sports Analytics Market - Global Forecast to 2021"
Early buyers will receive 10% customization on reports.
The rising need of sports organizations to analyze and gain insights from increasing volume of on-field and off-field data obtained from various sources is increasing the adoption of the sports analytics solutions. Insights drawn from such data help sports organizations to improve their decision making for sports and related business processes. Furthermore, with the increased usage of cloud-based services, the adoption of cloud-based sports analytics solutions is also expected to increase. Sports Analytics solutions provide unified view of stats and insights of each and every entity of a sports organization to enable them understand the probability of risk and opportunities in concerned areas. Easy availability of cost effective and high performance computing are some of the factors bolstering the growth of the sports analytics market.
The increasing need of organizations to access data and gain insights in real-time would drive the Sports Analytics market
With the growing significance of sports among audiences there can be seen fierce competition among various sports organizations, teams, and clubs to increase their fan base. Thus, organizations are seeking cost effective ways to gain competitive advantage on their opponents not only in game but, in business as well. Sports organizations are focusing on evaluating each and every kind of game and business data related to their competitors. Thus, the use of analytics and cloud technology is helping to incorporate relevant insights in real-time for efficient operations, strategizing better in game and achieve higher sales.
Increasing demand for cloud-based solutions creates huge potential for Sports Analytics market in the APAC region
The adoption of sports analytics products and services is expected to grow at a higher rate in APAC during the forecast period. The extensive technological adoption and increasing digitalization trends, such as wearables, social media, smartphones adoption, and mobility among players, fans, and sports organizations is giving rise to the large volumes of data that needs to be analyzed and used accordingly. The prevailing trend of large number of sports being played and related events organized in countries such as Australia, India, China, and Japan are expected to give rise to the adoption of sports analytics solutions by 2021.
MarketsandMarkets broadly segments the Sports Analytics market by type, application, deployment type, and region. The study covers application player analysis, team performance analysis, health assessment, video analysis, data interpretation and analytics, fan engagement, and other applications. Some of the key players providing the above mentioned sports analytics solutions include IBM, SAP, SAS, TruMedia Network, STATS LLC, Prozone, Opta, and others.
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India