Sports Analytics Market, Spurred by Managerial Embrace of Technology & Investment in Data Gathering Tools, Expected to Post Solid Growth Till 2021
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According to the market research the report “Sports Analytics Market: by Type (Solutions & Services), by Applications (Player Analysis, Team Performance Analysis, Health Assessment, Video Analysis), Deployment (Cloud, On Premises) & By Region-Forecast (2016-2021)”, published by IndustryARC, estimates that Asia-Pacific’s improving sports infrastructure will be a key growth driver during the forecast period.
Browse Report at industryarc.com/Report/16220/sports-analytics-market.html
In a more expansive sense of the expression, "sports data analytics" can be characterized as the administration of organized historical data, the use of predictive analytical approaches which are capable of making the most of the data, and the utilization of information networks to provide the decision-makers with the right data at the right time in order to gain a competitive advantage in the sports arena. Additionally, the advancement of technology has widened the scope of the Sports Analytics Market to a number of new applications like athlete analysis, in-depth investigation of opposition teams,.
Across the world, rising competitiveness on the field of play, expanding need for on-field information and developing interest for data in real-time are anticipated to be the key development drivers for the Sports Analytics Market during the forecast period.
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Scope & Regional Forecast of the Sports Analytics Market
The penetration of services provided by sports data companies can be easily witnessed in the segments of training as well as strategy. Quite a few teams as well as renowned sports managers firmly believe that sports data analysis is rapidly turning into a vital tool to identify weaknesses in their own teams, note certain performance patterns in general, and make careful note of the opposition style or patterns in an effort to gain a sliver of competitive advantage.
The Sports Analytics Market has received an even bigger boost with the integration of artificial intelligence image processing. The power of these two tools is being utilized to provide more context to the data in an effort to identify the right data streams to observe at the appropriate junctures.
Geographically, North America held the highest share in the Sports Analytics Market during 2016 because of the technological advances in sports analytics made there, easy availability of excellent sports infrastructure, usage of advanced technology and widespread penetration of data analytics in sports. North America is trailed by Europe and Asia-Pacific as the second and third biggest markets for data analytics in sports.
However, with an expanding user base which is reliant on technology, growing popularity of sports like football, more investment in sports infrastructure, and rising utilization of technology to achieve sports objectives, the Asia-Pacific region is expected to register the fastest growth in the Sports Analytics Market over the next few years.
Segmentations & Key Players Involved in the Sports Analytics Market
The Sports Analytics Market can be broken down into various segmentations on the basis of -
- Type: Solutions and Services (Professional Services, Managed Services).
- Application: Player Analysis, Team Performance Analysis, Video Analysis, Health Assessment, Data Interpretation and Analysis, Fan Engagement and Digital Experience Analysis and Others (Hospitality Management, Sales & Marketing Management).
- Deployment: Cloud, On-Premises and Hybrid.
- Geography: Europe, Asia-Pacific, North America and Rest of the World.
Some of the key players involved in the Sports Analytics Market are as follows:
- Stats LLC
- Prozone Sports Ltd.
- Opta Sports
- Sportingmindz Technology Pvt. Ltd.
- Trumedia Networks
Why access this report?
* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a five year period of 2016 - 2021, to assess how the market will develop.
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