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Global Sports Analytics Market 2021 Production, Revenue, Price and Gross Margin Analysis with Forecasts

Sports Analytics

Sports Analytics Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Sports Analytics market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Football Segment is Expected to Hold Significant Market Share

Growing fan-base and an increasing need for media and sponsor engagement are further creating a need for sports analytics solutions to be deployed in the industry, in order to capitalize on potential business opportunities in the market. Football accounts for the largest share in the sports analytics market, owing to increased attendance for football leagues, such as UEFA Champions League, MLS, EPL, and ISL.There are more than 100 match-specific statistic categories, for instance, shots, goals, assists, yellow and red cards, won and lost duels, and some lesser-known categories, such as accurate corners into box, effective blocked cross, or accurate keeper throws. This type of analytics is useful for clubs, when scouting, to roster development decisions.

– The increasing number of spectators is linked with the performance of the teams, which marks the need to manage several aspects of the latter. This subsequently demands player analysis, team performance analysis, and player fitness assessment, resulting in the sports analytics market’s growth.
– Another pioneer in sports analytics is the advent of wearable tracking devices, known for their sophisticated performance monitoring that incorporate advanced GPS tracking, along with heart rate. The combined group of GPSport, which was acquired by Catapult Sportsnow, dominates this segment, primarily associated with more than 450 teams worldwide, including Chelsea, Real Madrid, and the Brazilian national team.
– All these tracking devices are a part of the electronic performance and tracking system (EPTS) category. Until mid-2015, football players were allowed to wear them only during training.
– However, FIFA, the international governing body of football, issued a memorandum announcing the approval of wearable electronic performance and tracking systems in matches on a condition that the information is not available to coaches during the match. In addition, FIFA relies on a visual-tracking technology called Matrics to provide extensive data in real time. It constitutes on-site heat map, passes completed, and distance covered by each player during the duration of the fixture.
– Furthermore, teams and clubs partnering with analytics companies is the major trend in the market. For instance, many football leagues and clubs have collaborated with Opta, the leading provider of football sports data. Opta’s analytics are expected to determine every single action of a player in a specific zone on the field, regardless of whether a player has a ball or not.

North America is Expected to Have Largest Market Share

– North America has the highest integration of sports analytics systems, owing to early incorporation and higher revenues associated with the sports industry in the region. Their usage is also driven by the fact that the teams in the region are high value organizations, with huge investments. This requires them to have a regulated business operations based on robust insight, which is provided by the sports analytics systems.
– The North American market is extremely mature. However, the market is expected to witness further growth, due to the increasing incorporation of technology and low penetration in certain sports. In North America, the majority of the teams in Major League Baseball and National Basketball Association are employing these systems, and there remains a substantial market to be tapped in other sports, such as the national football and hockey leagues.
– The competition for user attention among various sports is pushing different sports leagues to incorporate technology that has advanced features and include fan engagement systems, thus creating a demand for the sports analytics systems.The US sports analytics market is considered to be leading, mainly due to the presence of major vendors in the country. In recent years, the US sports analytics market witnessed an increase in the number of mobile and cloud solution providers.

Market Overview:

  • The Sports Analytics Market was valued at USD 0.78 billion in 2019 and is expected to reach USD 3.07 billion by 2024, registering a CAGR of 32.2% over the forecast period of 2019-2024. With the expansion and shift in the sports industry towards a more business and IT-oriented approach, the adoption of sports analytics has increased. Sports analytics offer tools to assess player fitness and team performance, competitive analysis, and business and social media analytics. It has led to the development of sophisticated structures for crunching numbers to predict results, win-loss records, and opponent history to determine the outcome of a future sporting event.
  • – The adoption of sport analytics tools has been fairly moderate in some regions, growing user awareness about the competitive advantage provided by these systems is expected to drive market growth over and beyond the forecast period. A case in point is the use of SlamTracker by every major tennis grand slam tournament to provide the players’ insight to its fan base.
  • – Exponential increase in the volume of social media users has been a major driver for the market’s growth. According to a research study, about 80% of sports fans use social media sites while watching games and more than 60% do so while watching live events. This leads to the generation of large volumes of data pertaining to sports in particular, which further buoys the need for analytics to mine this data and gain meaningful insight.
  • – The high upfront costs required for employing the sports analytics systems is the major factor hindering the growth of the market. This factor is observed to have a greater impact on sports or teams with less revenue, creating a challenge for the sports analytics market, with regard to its incorporation in small-scale or regional teams and associations.
  • – Major social media platforms, such as Facebook, Instagram, and Twitter, have opened up new avenues for businesses and consumers, as well as they allow sports enthusiasts across the world to interact and share views on a common platform, further easing the process of data collection for analytics. For example, According to SocialBakers, Manchester United achieved 26,938 interactions per 1,000 Instagram fans in the 2016-2017 season, as compared to 4,229 interactions per 1,000 Facebook fans.

    Key Manufacturers Like 

  • IBM Corporation
  • SAP SE
  • SAS Institute Inc.
  • Opta Sports
  • Trumedia Networks
  • Oracle Corporation
  • Tableau Software Inc.
  • Stats LLC
  • Catapult Group International Ltd
  • Sportsradar AG.

    Scope of the Report:

  • Sports analytics helps business organizations in searching for an innovative technology in sports, offers various solutions for leading business models to organize and manage teams. Sports analytics is used in identifying, modeling, understanding and predicting sports trends and outcomes while aiding sports management in understanding where sportperson can improve.

    Sports Analytics market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Sports Analytics market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Sports Analytics market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Sports Analytics market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Sports Analytics market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Sports Analytics ?
    • Who are Opportunities, Risk and Driving Force of Sports Analytics market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Sports Analytics space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Sports Analytics market opportunities, market risk and market overview of the Market?

    Lastly, the Global Sports Analytics Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Sports Analytics Market Report:

    • To provide a detailed analysis of the market structure along with the Sports Analytics market forecast of various segments and sub-segments of the Sports Analytics market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Sports Analytics market trends that influence the global Sports Analytics market

    Detailed TOC of Sports Analytics Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Scope of the Study
    1.2 Study Deliverables

    2 RESEARCH METHODOLOGY
    2.1 Study Assumptions
    2.2 Analysis Methodology
    2.3 Research Phases

    3 EXECUTIVE SUMMARY

    4 MARKET INSIGHTS
    4.1 Market Overview
    4.2 Value Chain / Supply Chain Analysis
    4.3 Industry Attractiveness – Porter’s Five Force Analysis
    4.3.1 Bargaining Power of Suppliers
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Threat of New Entrants
    4.3.4 Intensity of Competitive Rivalry

    5 MARKET DYNAMICS
    5.1 INTRODUCTION
    5.2 Market Drivers
    5.2.1 Increasing On-Field and Real-Time data

    6 TECHNOLOGY SNAPSHOT

    7 MARKET SEGMENTATION
    7.1 By Sports
    7.1.1 Football
    7.1.2 Cricket
    7.1.3 Hockey
    7.1.4 Basketball
    7.1.5 American Football
    7.1.6 Others
    7.2 Geography
    7.2.1 North America
    7.2.2 Europe
    7.2.3 Asia Pacific
    7.2.4 Latin America
    7.2.5 Middle East and Africa

    8 COMPETITIVE LANDSCAPE
    8.1 Company Profiles
    8.1.1 IBM Corporation
    8.1.2 SAP SE
    8.1.3 SAS Institute Inc.
    8.1.4 Opta Sports
    8.1.5 Trumedia Networks
    8.1.6 Oracle Corporation
    8.1.7 Tableau Software Inc.
    8.1.8 Stats LLC
    8.1.9 Catapult Group International Ltd
    8.1.10 Sportsradar AG

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

    10 INVESTMENT ANALYSIS

    11 FUTURE OUTLOOK

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