The Global Sports Analytics Market is projected to reach a value of over USD 8.7 billion by 2027 at a CAGR of around 31.1%.
The analytics is a rapid evolving technology, which involves the use of data as well as the statistical analysis for making good decision. Whereas, the sports analytics is referring to a use of data and enhance analytics statistics for making performance and information decision, aim to get a competitive benefits. Its helps to improve the players and game performance, enhance the organization business performance as well as analyzes the player health.
Hence, the analytics in sports can also help to decide the performance of top players. Also it provides the real-time data such as heart rate, speed, as well as the acceleration, which support the coaches and fitness doctors to plan their training and rehabilitation.
Market Driver:
With the increasing adoption for cloud-based solutions is witness to boost the growth of the market in the forecast period. Whereas, it helps to collection and analysis the team and player data, for getting a predictive result modeling. These is being used to track as well as improve the athlete and team performance. Also, it helps the viewer the new ways of watching, interacting as well as experiencing their preferred sports. Moreover, it can enable the coaches to analyze the large number of data in real time, which is anticipate to boost the growth of the market in the forecast period.
Furthermore, the sports fan or expert has been notice of using smartphone applications for the analyzing the data for the sports. Hence, the rising of cloud-based solutions lead to provide an easy accessibility with the proliferation of smartphones as well as the other smart devices which create to grow the use of data analytics. These will lead to boost the demand of the market in the forecast period.
Market Restraints:
One of the major key concern of the market is the lack of skilled workforce which may hamper the market growth. However, the shortage of availability for the skilled expertise, which have the great knowledge of analytical tools makes such associations switch to companies providing analytical services. Also, the huge cost associated with the analytical services is projected to hamper the growth of the market. Moreover, the ongoing Covid-19 Pandemics is also lead to create a major concern for the market as it attributing to the slowdown of the sports industry. To ensure the safe of the sport expertise many sport events has been canceled or being postponed from a marathon to football tournaments, handball to ice hockey and various other. Hence, these will create a major challenging factor for the growth of the market in the forecast period.
The report on the sports analytics market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Component, Type, Sports, Deployment Mode, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Sports Analytics Market, by Component
Sports Analytics Market, by Type
Sports Analytics Market, by Sports
Sports Analytics Market, by Deployment Mode
Sports Analytics Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SPORTS ANALYTICS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY