Global Sports Analytics Market, By Component (Software/Platform, and Services), Sports Type (Team Sports, and Individual Sports), Application (Player & Team Valuation, Performance Analytics, Health Assessment, Fan Engagement, Broadcast Management, Video Analysis, and Others), Deployment (Cloud, and On-Premise), Organization Mode (Large Enterprise, and SMEs), Analysis Type (On-Field, and Off-Field), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, China, India, Japan, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, Egypt, Saudi Arabia, U.A.E, Israel and Rest of Middle East & Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Sports Analytics Market
Sports analytics market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 43.9% in the forecast period of 2022 to 2029 and expected to reach USD 14,228.89 million by 2029. Increasing demand of real time data access is one of the prominent factors that is driving the growth of the market.
The growing adoption of wearable devices by sportsman is driving the growth of the global sports analytics market. The competition in the market is getting severe as market players are expanding their presence, service and support for global market.
For instance, in January 2021, TruMedia Networks, Inc. launched the NFL playoffs for the player’s tactics and injuries advancing out the holistic view and launches. The company is going to strengthen the services enhancing the business portfolio for the company. Their goodwill along with their network has enabled them to increase their overall sales and revenues.
This sports analytics market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Sports Analytics Market Scope and Market Size
Sports analytics market is segmented on the basis of the component, sports type, application, deployment, organization mode, and analysis type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, global sports analytics market has been segmented into software, and services. In 2022, software segment accounted for the largest market share due to rising adoption of sports analytics software/platform can be largely attributed to growing preference for cloud-based software solutions.
- On the basis of sports type, the global sports analytics market is segmented into team sports and individual sports. In 2022, team sports segment is dominating in the sports analytics market as leagues are the primary users of sports analytics solutions, football, baseball and basketball leagues have the highest adoption rate of these solutions, particularly for selecting players.
- On the basis of application, the global sports analytics market is segmented into player & team valuation, performance analytics, health assessment, fan engagement, broadcast management, video analysis and others. In 2022, player & team valuation segment is dominating due to advancement in technologies like big data to get scientific sports data delivered in an easy to understand format that offers an opportunity for coaches, individuals, schools, team, and sporting organizations to make informed decisions and improve overall performance.
- On the basis of deployment mode, the sports analytics market is segmented into on-premise and cloud. In 2022, cloud segment is dominating due to increasing demand for structured and visualize data in the market will help to increase the demand for cloud-based deployment model.
- On the basis of organization mode, the global sports analytics market is segmented into large enterprises and SME’s. In 2022, large enterprise segment is dominating in the sports analytics market due to wide use of analytics in large enterprise to enhance organization’s business performance to work effectively. Emergence of AI and ML technologies is further augmenting the growth for the market.
- On the basis of analysis type, the global sports analytics market is segmented into on-field and off-field. In 2022, on-field segment is dominating in the sports analytics market due to growing use of analytical solutions in outdoor games such as football, baseball, basketball, hockey, and cricket, among others and usage of analytical tools in sports provides an ample amount of data related to the player’s performance and fitness which helps to boost the growth of the market.
Sports Analytics Market Country Level Analysis
Sports analytics market is analysed and market size information is provided by country, component, sports type, application, deployment, organization mode, and analysis type.
The countries covered in sports analytics market report are U.S., Canada and Mexico in North America, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, South Africa, UAE, Saudi Arabia, Israel, Egypt and Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina, and Rest of South America as part of South America.
The U.S is expected to dominate the market as there is a growing integration of technology as well as continuous development in the sports analytics products for various sports applications.
Germany is expected to dominate the market as the companies are continuously investing in the R&D to come up with new and innovative products keeping the consumer preferences in mind.
China is expected to dominate the growth as rapidly expanding sports industry, and growing digitization trends and sports prevalence in these countries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing availability of large amount of in-field data
Sports analytics market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in sports analytics and changes in regulatory scenarios and technology & innovation with their support for the sports analytics market. The data is available for historic period 2011 to 2020.
Competitive Landscape and Sports Analytics Market Share Analysis
Sports analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to global sports analytics market.
The major players covered in the report are IBM Corporation, Sportradar AG, St. Gallen, Switzerland, Synergy Sports, DataArt, SAP SE, TABLEAU SOFTWARE, LLC, A SALESFORCE COMPANY, Oracle, SAS Institute Inc., HCL Technologies Limited, GlobalStep, LLC, TruMedia Networks, Inc., ICEBERG Sports Analytics, Opta, Stats Perform, Experfy, Inc., Catapult Group International Ltd, orreco, Zebra Technologies Corp., Exasol and Qualitas Global among others.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of sports analytics market.
For instance,
- In January 2021, GlobalStep, LLC has announced the expansion for its Games Community in response to the burgeoning demand for its technology services at Montreal. The company enhanced its business global print through the expansion that enhanced the brand image for the company.
- In June 2019, HCL Technologies Limited had a partnership with the Cricket Australia for the digital technology which provides an immersive digital experience to cricket fans, players, partners, employees, and volunteers across the country and around the world, through CA’s digital offerings. The partnership strengthened the blueprint of business models enhancing the global position for the company.
Production Expansion, new product launch, acquisition, collaboration, and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for sports analytics platform or services.
SKU-