Global Player Tracking Market to Reach US$ 17.3 Billion by 2028, Propelled by Rising Number of Sporting Events

April 14, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “Player Tracking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global player tracking market size reached US$ 5.1 Billion in 2022. Player tracking refers to a technology used in sports to gather data regarding the movement and actions of athletes during a game or practice. It utilizes sensors, cameras, and wearable devices to track player speed, acceleration, position, distance covered, heart rate, body temperature, and tactical data, such as passes, shots, blocks, and tackles. Player tracking is widely used for performance analysis, injury prevention, player recruitment, referee support, sports betting, broadcasting, and fan engagement. It provides deep, valuable, and real-time insights, which improve the game understanding, augment the viewing experience, and enhance athletic performance. Player tracking also aids in making informed decisions, developing personalized training routines, improving game strategy, and enhancing player safety.

Player Tracking Market Trends:

The rising number of sporting events and tournaments across the globe is one of the primary factors driving the market growth. Player tracking is widely used during various sporting events to provide in-depth analysis of player performance, improve game strategy in real-time, and support referees and umpires in making informed decisions regarding fouls and other calls. In addition to this, the increasing technology utilization to enhance the viewing experience and allow sports fans to track the performance of their favorite players and teams is acting as another growth-inducing factor. Furthermore, the widespread technology adoption by coaches, trainers, and managers to make data-driven decisions for gaining competitive advantages, improving overall team performance, minimizing biases, and reducing errors, is providing an impetus to the market growth. Additionally, the introduction of advanced analytics that utilizes artificial intelligence (AI) and machine learning (ML) technologies to identify data patterns and performance trends, which aids in developing effective training and coaching program, is positively influencing the market growth. Apart from this, the introduction of mobile applications that provides real-time access to player tracking data, statistics, and insights are creating a positive outlook for the market. Other factors, including rising demand for personalized training, extensive research and development (R&D) activities, and the growing emphasis on player safety, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 17.3 Billion by 2028, exhibiting a CAGR of 21.3% during 2023-2028.

Market Summary:

On the basis of the component, the market has been bifurcated into solutions and services.
Based on the type, the market has been classified into wearables, optical, and application-based.
On the basis of application, the market has been divided into fitness tracking, performance tracking, fraud detection, and player safety.
Based on the end user, the market has been bifurcated into team and individual sport.
On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and Middle East and Africa.
The competitive landscape of the industry has also been examined, with some of the key players being Catapult Group International Limited, JOHAN Sports (Demcon), Kinexon, PlayGineering Systems Ltd, Polar Electro Oy, SPT Group Pty Ltd, Stats Perform, STATSports Group, The Chyron Corporation, Xampion and Zebra Technologies Corporation.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Component, Type, Application, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Catapult Group International Limited, JOHAN Sports (Demcon), Kinexon, PlayGineering Systems Ltd, Polar Electro Oy, SPT Group Pty Ltd, Stats Perform, STATSports Group, The Chyron Corporation, Xampion and Zebra Technologies Corporation
Customization Scope	10% Free Customization
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Global Player Tracking Market to Reach US$ 17.3 Billion by 2028, Propelled by Rising Number of Sporting Events

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