Sports Analytics Software Market 2021-2026 Emerging Trends, Technology, Future Growth, Business Development, Demand, Competitive Landscape & Top Companies
The global sports analytics software market size is anticipated to reach over USD 5 billion By 2025. This can be attributed to the growing need to enhance players’ performance is driving the market growth.
Dallas, United States – April 29, 2021 /MarketersMedia/ —
The global sports analytics software market size is anticipated to reach over USD 5 billion by 2025. In addition, it is expected to exhibit a CAGR of over 31% during the forecast period 2020-2025. The sports analytics software enables sports organizations and management teams to analyze player’s statistics based on their past performance and physical fitness. The sports analytics software can be analyzed across an extensive range of games comprising basketball, tennis, boxing, baseball, cricket, football, and others. It provides real-time information such as acceleration achieved, runs scored, the speed attained, and energy level of a player throughout the game. Hence, such statistics assist team managers and coaches in assessing a player’s performance during the game.
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The sports industry has very recently realized the significant role of data management particularly the data required in processes such as team performance evaluation, training curriculum enhancement, tracking individual performance and monitoring their injuries. Moreover, data management has been observed to serve certain advantages for team managers by compiling the off-field and on-field data enabling a streamlined team selection procedure along with structurization of player’s line-up and formulation of in-game strategies. These factors are driving coaches and team managers to adopt real-time data utilization aiding in efficient organization of training sessions and gaming strategies successfully escalating the demand for sports analytics services and solutions.
Traditional sports performance was mostly attributed to player performance however, in the current world scenario sports analytics play a crucial role imparting advanced technologies perpetually analysing and utilizing relevant data and statistics efficiently formulating game strategies heavily contributing to the success of a team increasing the chances of winning. Analytical solutions offer a variety of benefits to the team members, players, coaches, managers as well as stakeholders including platforms delivering an insight into individual player in detail and the whole team. External factors also determined with the help of sports analytics solutions such as the weather details and pitch conditions as a part of game tactics.
Technological advancements fuelling the incorporation of artificial intelligence, machine learning and big data analytics has increased the popularity and elevated the efficiency of sports data analytics components including software and services. Machine learning has been integrated effectively recommending players of specific positions depending on performance, game conditions and opponents. Advanced models have been deployed such as deep neural networks in combination with support vector machine models enable a probable understanding of winning and formulating winning combinations. Big data analytics are aiding in elevating team efficiency with the main purpose being increasing revenue through sponsorships, merchandising and ticket sales.
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The sports analytics software market finds utility in different nature of sports including basketball, football, baseball, rugby, cricket and others. The sports analytics market holds a dominating market position in North America owing to the extensive growth in AI technology coupled with increasing demand for video analysis and aggressive investments for development of advanced analytics solutions. In addition, Asia Pacific is predicted to witness an aggressive growth rate during the forecast period with a strong sports culture developing in countries like Japan and China considerably contributing to the market growth.
The Asia-Pacific region is expected to accumulate the highest growth rate during the forecast period 2020-2025. The market growth in this region is primarily accredited to the increasing awareness about the sport analytics solutions among the various organizations. However, the North American region is projected to gather the highest market share during the forecast period. The dominance of this region is mainly accredited to the significant developments happening in this region.
The major players of the global sports analytics software market are IBM, Catapult, SAS, GlobalStep, Tableau Software, IceBergs Sports, EXL, SportsSource Analytics, iSportsAnalysis, and Sportradar. Moreover, the other potential players in the sports analytics software market are Quant4Sport, Chyronhego, Exasol, Advanced Sports analytics software, and TruMedia Network. The recognized companies are coming up with an innovative and new sports analytics software solution.
Segment Overview of Global Sports Analytics Software market
Component Overview, 2018-2025 (USD Million)
Solutions
Service
Analytics Type Overview, 2018-2025 (USD Million)
On-field
Video Analysis
Team & Player Analysis
Health Assessment
Off-field
Ticket Pricing
Fan Engagemen
Deployment Mode Overview, 2018-2025 (USD Million)
Cloud
On-Premis
Regional Overview, 2018-2025 (USD Billion)
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
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