Worldwide sports analytics markets are poised to achieve significant growth as the coaches and players leverage information collected from sensors. Teams can realize significant competitive advantage by utilizing analytics capability effectively.
Rapid adoption of electronic sensor technology by coaches and players to gather dynamic information is reflecting favorably on the global sport tracking and analytics market. By leveraging the information obtained from such analytics, teams are able to gain significant competitive advantage.
In the modern world of sports and athletics, analytics has become quite essential and pragmatic. Smart computing devices and analytic software make training information more available and cogent, remodeling the sport management structure across the globe.
Integration of analytics have extended video capabilities in proving analysis on an individual player analysis or team play events. Market Research Hub (MRH), has recently broadcasted a new report to its vast online database, which is titled “Sports Player Tracking and Analytics Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023”
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The report commences with an executive summary that touches upon the key factors influencing the growth of the sports analytics market. In this section, the reader will also come across information regarding the utilization and proximity of such analytic services in major sport categories such as hockey and football.
In the following section, report offers insightful analysis on the current sports analytics market share and future prospects. In addition, the report also finds that information services are utilizing leading-edge automated technologies to gather analytic data, making live telecast of sporting events much more interesting to watch.
The sports analytics essentially enhances the predictive capabilities, top sports teams are the ones who realize the advantages of real-time information. Efficient use of analytics in decision-making can sometime be the difference in winning or losing a game.
Further, using analytics systems can help prevent or detected performance discrepancies. Sports analytics are also used for creating fantasy teams and leagues, enabling sports fantasy players to gain statistical information that improve game play.
It is also used to enhance scouting systems, identify talented players and gauge players’ competitive capability. Teams and individuals who are inspire by sports analytics are ruling the roost in the sport industry.
The ability to increase winning percentage is driving the adoption of sports analytics all around the world. As per the report. The adoption of sports analytics by hockey clubs has been widespread, especially in North America.
By using sport analytics to their advantage, teams are able to improve their performance and rankings. Increasing inclination of sport teams, managers, coaches, and fantasy sports players towards analytics is indicates the technology’s efficiency and capability.
The report cites that the sports analytics market stood at over $764 Million in the 2016 and is likely to surpass $15 billion by 2023. This growth is expected to be driven by the growing need for better coaching methodologies, for detecting fraudulent in wagering situations, and to guide players in improving performance.
In addition, the modern fans demand more information about a game they are watching and broadcasters are utilizing sport analytics to meet the viewers’ expectations. Meanwhile, tablets and smart phone are helping sports analytics technology to gain momentum and extend its application further.
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