IMARC Group, a leading market research company, has recently releases report titled “Sports Analytics Market Report by Component (Software, Service), Analysis Type (On-field, Off-field), Sport (Football, Cricket, Hockey, Basketball, American Football, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global sports analytics market.
How Big Is the Sports Analytics Market?
The global sports analytics market size reached US$ 1,287.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 5,183.7 Million by 2032, exhibiting a growth rate (CAGR) of 16.2% during 2024-2032.
Industry Overview of Sports Analytics
Sports analytics is the process of applying data collection, statistical analysis, predictive modeling, and computational algorithms to fine-tune coaching strategies, make real-time tactical decisions during games, and develop personalized training programs for athletes. It aids in identifying strengths and weaknesses, predicting outcomes, enhancing performance, and achieving competitive advantage. It helps in predicting the risk of injuries and planning appropriate preventive measures. It assists sports organizations in scheduling the use of facilities, managing the inventory of equipment, and tracking the performance and workload of staff. Moreover, sports analytics support better fan segmentation and the optimization of social media strategies to increase followers.
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What are the growth prospects and trends in the sports analytics industry?
There is a rise in the volume of on-field and off-field data generated in sports, which represents one of the key factors driving the market. Additionally, the widespread use of technologies such as the Internet of Things (IoT) devices, wearables, and video analytics is offering a favorable market outlook.
The emerging trend of using artificial intelligence and machine learning in sports analytics is positively influencing the market. Apart from this, the widespread adoption of sports analytics in the management of sports events and activities is contributing to market growth.
Furthermore, the ongoing development and accessibility of advanced analytics tools and rapid digitalization in the sports industry are driving the market.
Leading Companies Operating in the Global Sports Analytics Industry:
- 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
- Tableau Software LLC (Salesforce.com Inc.)
Sports Analytics Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
- 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:
- 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
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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