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Sports analytics market growing steadily at 56.66% CAGR to 2021 according to new research report

The global sports analytics market to grow at a CAGR of 56.66% during the period 2017-2021.

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The following companies as the key players in the global sports analytics market: IBM, Oracle, SAP, and SAS Institute. Other Prominent Vendors in the market are: Blue Star Sports, EDGE10, F3M Information Systems, Football Raters, Jonas Club Software, Opta, Sport:80, SportEasy SAS, Sportlyzer, Sports Insight Technologies, SportsManager Solutions, STATS, TeamSnap, and TruMedia Networks.

Complete report on the Sports Analytics Market Research Report spread across 71 pages, profiling 18 companies with table of content is now available at  www.reportsnreports.com/contacts/.aspx?name=1127649 

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Sports Analytics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is advent of analytics in sports software. Sports teams collate various data points related to player statistics, ticket sales, media contracts, and licensing deals.

Athletes as well as fans consider it necessary to have quick access to this data. Large amounts of data are collected during games and sports competitions, and customers increasingly look for better technologies to make these data available.

For instance, Zebra Technologies manufactures RFID tags that are attached to players to track their movements, distance, and speed. The demand for such data is extremely high.

According to the report, one of the major drivers for this market is Competitive advantage with sports analytics. With time, professional sports have become extremely competitive, with the difference between winning and losing being minimal.

Vendors in the market provide analytics tools to enhance the performance of the team or individual through a scientific analysis of various parameters, instead of basing play decisions on instinct. Professional sports require the best training equipment and information from an early age to exactly understand the various aspects upon which the athlete can improve.

These analysis techniques provide considerable value proposition to professional sportsmen at the highest levels of sports. Considering the number of times historic records in sports are being broken worldwide, it is evident that the performance of athletes is increasing because of improved training methods and better access to analytics.

Access this Report at www.reportsnreports.com/.aspx?name=1127649 .

Further, the report states that one of the major factors hindering the growth of this market is Limited potential for ROI. One of the primary factors hindering the growth of the global sports analytics market is the low scope for revenue generation because of constrained IT budgets and customer preference for free models such as open-source software solutions.

Although the freemium model contributes to the adoption of sports analytics, it does not guarantee steady revenue flow. software prices are under increased pressure from constrained IT budgets.

Vendors in the market are re-evaluating their sports analytics offerings and delivery models in line with the demands of software. This is to accommodate rapidly changing software supplier pricing.

To counter this, vendors are adopting different models, including term licensing, SaaS, and commercial open-source models based on supplier demands. As the sports software pricing increases, its adoption will be hindered, and the vendor will struggle to generate short-term ROI, in turn affecting its ability to expand the business.

This report covers the present scenario and the growth prospects of the global sports analytics market for 2017-2021. To calculate the market size, the report considers the revenue generated from sports analytics.

Another important feature of sports analytics is the ability to get a unified view of each player and the overall team within a club by combining game, training, and injury data scattered across the organization. This improves communication between all the members of the team.

Additionally, managers and players can discuss the performance of the player on a mobile platform with the help of sports analytics.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                       

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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