DUBLIN--(BUSINESS WIRE)--The "Global Sports Analytics Market - Segmented by Sport (Football, Cricket, Hockey, Basketball, American Football), and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Sports Analytics Market was valued at USD 0.38 billion in 2017, and is expected to reach USD 2.09 billion by 2022, registering a CAGR of 30.13% over the forecast period of 2018-2023.
With the expansion and the shift in the sports industry toward a more business- and IT-oriented approach, the adoption of sports analytics has increased.
Sports analytics offer tools to assess player fitness and team performance, competitive analysis, and business and social-media analytics.
It has led to the development of sophisticated structures for crunching numbers to predict results, win-loss records, and opponent history, to determine the outcome of a future sporting event.
Although the adoption of sport analytics tools has been fairly moderate in some regions, growing user awareness about the competitive advantage provided by these systems is expected to drive market growth over and beyond the forecast period. A case in point is the use of SlamTracker by every major tennis grand slam tournament to provide the players' insight to its fan base.
However, the high upfront costs required for employing the sports analytics systems is the major factor hindering the growth of the market. This factor is observed to have a greater impact on sports or teams with less revenue, creating a challenge for the sports analytics market, with regard to its incorporation in small-scale or regional teams and associations.
Key Highlights
- North America to Account for a Lion's Share of the Market
- Football Expected to Be one of the Prominent Users of Sports Analytics Solutions
Topics Covered
1. Introduction
2. Research Approach and Methodology
3. Executive Summary
4. Market Insights
5. Market Dynamics
6. Technology Snapshot
7. Segmentation By Sports
8. Segmentation By Geography
9. Competitive Intelligence
10. Investment Analysis
11. Future of the Market
Companies Profiled
- IBM Corporation
- SAP SE
- SAS Institute Inc.
- Opta Sports
- Trumedia Networks
- Oracle Corporation
- Tableau Software Inc.
- Stats LLC
- Catapult Group International Ltd.
- Sportsradar AG
For more information about this report visit https://www.researchandmarkets.com/research/kdpw4b/global_sports?w=4
