PUBLISHER: Value Market Research | PRODUCT CODE: 1547720
PUBLISHER: Value Market Research | PRODUCT CODE: 1547720
The global demand for Sports Analytics Market is presumed to reach the market size of nearly USD 24.47 Billion by 2032 from USD 3.87 Billion in 2023 with a CAGR of 22.73% under the study period 2024-2032.
Sports analytics is a practice of analyzing various sports industry components like player performance, business performance, recruitment, etc., using both data and statistical analysis to make well-researched decisions. The two aspects of sports analytics include on-field and off-field analytics. On-field analytics is used to study teams/players' on-field performance and deals with game tactics and player fitness. Off-field analytics is used to make business decisions that can lead to higher profitability. Off-field analytics primarily focuses on data dealing with ticket and merchandise sales, fan engagement, etc. A specific type of predictive analysis is performed using specialized data visualization tools and varies for each sport in methodology.
Sports analytics is an emerging market since reliance on quantitative data to help teams gain a competitive advantage is gaining a wide range of acceptance in the current age of AI. The increased popularity of health assessment solutions, fitness bands, and wearable devices will benefit this market's growth. Sports analytics plays a significant contribution to the growing industry of sports gambling. Continuously advancing data collection techniques will expand this market's development since they help improve fan acquisition, marketing, and even understand the impact of sponsorship on each team and its fans. The advent of cloud-based technology solutions will be a market booster. Lack of a skilled workforce with in-depth knowledge of analytical tools and high costs of these services will hinder the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Sports Analytics. The growth and trends of Sports Analytics industry provide a holistic approach to this study.
This section of the Sports Analytics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Sports Analytics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Sports Analytics market include Agile Sports Analytics LLC, Catapult Sports, ChyronHego Corporation, Deltatre, Experfy Inc., Genius Sports Group, IBM Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Sportradar AG, Stats Perform. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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