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Sports Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A5067
Market Overview:
The global sports analytics market size reached US$ 1,085.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,097.8 Million by 2028, exhibiting a growth rate (CAGR) of 18.6% during 2023-2028.
Sports analytics refers to the application of statistical and mathematical principles to analyze different components of sports, including player performance, recruitment and business performance. The analytics process involves the collection of data from a broad sample and the establishment of several parameters that can measure fumble or hit rate. Sports analytics helps to evaluate the weaknesses and strengths of opposers. It also aids in ensuring high returns on investments (ROIs), decreasing operating costs, and increasing overall income. Sports analytics can be differentiated into on-field and off-field analytics. Amongst these, on-field analytics is used for developing team strategies and tactics by observing patterns in terms of counter-strategies, formation, and other variables. On the other hand, off-field analytics apply statistics to help the owners of sports institutions to make effective decisions that can lead to improved business profitability and performance. Sports analytics is extensively used by professional and college sports programs and sports media, wearable technology, and training technology companies.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Sports Analytics Market Trends:
There has been a significant rise in investments in the sports industry for making data-driven decisions is primarily fueling the global sports analytics market growth. The emerging need for tracking and monitoring the data of players is further contributing significantly to the growth of the market. Other than this, the rising demand for improved wearable devices amongst athletes and other players to gain insights on their performance and fitness variables, which include acceleration, heartbeat, and speed, is fueling the market growth. The demand for high-quality wearables is also being affected by rising health consciousness amongst consumers, particularly during the coronavirus (COVID-19) pandemic, which is positively influencing the sports analytics market growth. Moreover, the development of high-end and cost-effective computing solutions is creating a positive outlook for the market across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sports analytics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, analysis type and sport.
Breakup by Component:
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- Software
- Service
Breakup by Analysis Type:
- On-field
- Player and Team Analysis
- Video Analysis
- Health Assessment
- Off-field
- Fan Engagement
- Ticket Pricing
Breakup by Sport:
- Football
- Cricket
- Hockey
- Basketball
- American Football
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Chyronhego Corporation, Experfy Inc., HCL Technologies, International Business Machines Corporation, iSportsAnalysis, Oracle Corporation, Qualitas Global Services, SAP SE, Sas Institute Inc., Sportradar AG, Stats Perform and Tableau Software LLC (Salesforce.com Inc.).
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Million |
| Segment Coverage | Component, Analysis Type, Sport, 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 | Chyronhego Corporation, Experfy Inc., HCL Technologies, International Business Machines Corporation, iSportsAnalysis, Oracle Corporation, Qualitas Global Services, SAP SE, Sas Institute Inc., Sportradar AG, Stats Perform and Tableau Software LLC (Salesforce.com Inc.). |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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