The global sports analytics market size is expected to reach USD 3.44 billion by 2028, registering a CAGR of 21.3% from 2021 to 2028, according to a new report by Grand View Research, Inc. The growing preference for data-driven decision-making among various teams and associations is expected to drive the growth of the market. Sports analytics can potentially help coaches and team managers in obtaining in-depth insights about various parameters and the performance of players and in designing effective training sessions based on those insights. Monitoring of physical parameters can also be coupled with predictive analysis to help in preventing injuries that may happen in the future.
The
sports industry generates large volumes of data. However, most of this data is
raw data, which is unable to provide any clear insights. Nevertheless, if the
data is used effectively, it can potentially provide deeper insights into the
performance of individual players as well as the entire team. Analytical tools
can help analyze this raw data and provide meaningful insights in real-time
using interactive graphical interfaces.
Analytical
tools can typically help in analyzing first-hand data, such as win and loss
records, players’ line-up, opponents’ history, and players’ various metrics,
including speed, distance covered, acceleration, stamina, and energy levels.
The insights obtained from the analysis of these parameters can be potentially
used to make informed decisions and enhance the performance of individual
players as well as the entire team. The insights can also be shared with fans,
enthusiasts, and other followers on various platforms, including social media.
Prominent
teams and associations have already started implementing sports analytics
solutions and hiring dedicated analysts as part of the efforts to enhance the
performance of individual players as well as the entire team, gain a
competitive advantage both on and off the field, and outperform the opponents.
Associations such as the German Football Association, Royal Spanish Football
Federation, and National Basketball Association (NBA), among others, have also
implemented analytical tools to predict the outcomes of future game events.
Teams
are typically adopting analytics solutions to stay at the top of the game in
terms of overall performance, players’ fitness, and engagement with fans. For
instance, Spanish football/soccer team Real Madrid has partnered with Microsoft
Corp. to use state-of-the-art technology in analyzing the team’s performance
and players’ fitness. Similarly, English football team Manchester United is
relying on Aon plc as a trusted advisor in sports analytics.
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Sports Analytics
Market Report Highlights
- The software
segment is expected to register a strong CAGR over the forecast period
owing to the rising demand for cloud-based sports analytics software that
offers ease of accessibility and flexibility
- The on-field
segment is expected to exhibit the highest CAGR over the forecast period
in line with the growing preference for wearable player tracking devices
- Football is
anticipated to exhibit the highest CAGR over the forecast period in line
with the aggressive investments by various football clubs and teams are
making in adopting the latest technologies
- Asia Pacific
is expected to exhibit strong growth with China and Japan particularly
contributing to the growth of the regional market
Sports Analytics
Market Segmentation
Grand View Research has
segmented the global sports analytics market based on component, analysis type,
sports, and region:
Sports Analytics
Component Outlook (Revenue, USD Million, 2017 - 2028)
- Software
- Service
Sports Analytics
Analysis Type Outlook (Revenue, USD Million, 2017 - 2028)
- On-field
- Player & Team Analysis
- Video Analysis
- Health Assessment
- Off-field
- Fan Engagement
- Ticket Pricing
Sports Analytics
Sports Outlook (Revenue, USD Million, 2017 - 2028)
- Football
- Cricket
- Baseball
- Basketball
- Rugby
- Others
Sports Analytics
Regional Outlook (Revenue, USD Million, 2017 - 2028)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Spain
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa (MEA)
List of Key
Players in the Sports Analytics Market
- Agile Sports Analytics, LLC
- Catapult
- ChyronHego Corporation
- Deltatre
- Experfy Inc.
- Genius Sports Group
- IBM Corporation
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- Sportradar AG
- Stats Perform
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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