PUBLISHER: Allied Market Research | PRODUCT CODE: 1414912
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414912
According to a new report published by Allied Market Research, titled, "Cricket Analysis Software Market," The cricket analysis software market was valued at $181.54 million in 2022, and is estimated to reach $1.2 billion by 2032, growing at a CAGR of 20.9% from 2023 to 2032.
Factors such as the increase in demand for data-driven insights in cricket coaching & strategy, and growth in emphasis on performance analysis for player development positively impacted the growth of the cricket analysis software market. In addition, advancements in technology, including ball tracking & video analysis, and the rise in popularity of T20 & other short-format cricket, have driven the need for quick and accurate decision-making. Such trends are expected to propel the growth of the cricket analysis software market during the forecast period. Furthermore, expansion of cricket leagues and tournaments globally, creating a larger market for analysis software. Moreover, collaboration opportunities between software developers and cricket boards for tailored solutions and integration of artificial intelligence (AI) and machine learning (ML) for more advanced predictive analysis are anticipated to provide lucrative growth opportunities for the cricket analysis software market growth during the forecast period. In addition, an increase in the use of analysis software in grassroots and amateur cricket for talent identification and development is also expected to create numerous opportunities for cricket analysis software market growth in the coming years. However, resistance to technology adoption in traditional cricket setups and dependence on high-quality and consistent data for accurate analysis, limit the market growth in the coming years. In additon, limited awareness, and access to sophisticated analysis tools in some cricketing regions, may also hamper the growth of the cricket analysis software market.
The cricket analysis software market is segmented into offering, deployment mode, end-user, and region. On the basis of offering, the market is bifurcated into software and service. On the basis of deployment mode, cricket analysis software market is bifurcated into on-premise and cloud. On the basis of end-user, the market is classified into sport associations, coaching institution, and others. On the basis of region, the cricket analysis software market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the cricket analysis software market are SportsMechanics, Nacsport, Catapult Sports, CricViz Ltd, Cricket-21, IBM Corporation, SAP SE, Genius Sports Group, Oracle Corporation, and SAS Institute Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the cricket analysis software market globally.
Key Benefits for Stakeholders
Additional benefits you will get with this purchase are:
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)