Sports Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Sports Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global sports analytics market size reached US$ 1,085.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,097.8 Million by 2028, exhibiting a growth rate (CAGR) of 18.6% during 2023-2028.
Sports analytics refers to the application of statistical and mathematical principles to analyze different components of sports, including player performance, recruitment and business performance. The analytics process involves the collection of data from a broad sample and the establishment of several parameters that can measure fumble or hit rate. Sports analytics helps to evaluate the weaknesses and strengths of opposers. It also aids in ensuring high returns on investments (ROIs), decreasing operating costs, and increasing overall income. Sports analytics can be differentiated into on-field and off-field analytics. Amongst these, on-field analytics is used for developing team strategies and tactics by observing patterns in terms of counter-strategies, formation, and other variables. On the other hand, off-field analytics apply statistics to help the owners of sports institutions to make effective decisions that can lead to improved business profitability and performance. Sports analytics is extensively used by professional and college sports programs and sports media, wearable technology, and training technology companies.
Sports Analytics Market Trends:
There has been a significant rise in investments in the sports industry for making data-driven decisions is primarily fueling the global sports analytics market growth. The emerging need for tracking and monitoring the data of players is further contributing significantly to the growth of the market. Other than this, the rising demand for improved wearable devices amongst athletes and other players to gain insights on their performance and fitness variables, which include acceleration, heartbeat, and speed, is fueling the market growth. The demand for high-quality wearables is also being affected by rising health consciousness amongst consumers, particularly during the coronavirus (COVID-19) pandemic, which is positively influencing the sports analytics market growth. Moreover, the development of high-end and cost-effective computing solutions is creating a positive outlook for the market across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sports analytics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, analysis type and sport.
Breakup by Component:
Software
Service
Breakup by Analysis Type:
On-field
Player and Team Analysis
Video Analysis
Health Assessment
Off-field
Fan Engagement
Ticket Pricing
Breakup by Sport:
Football
Cricket
Hockey
Basketball
American Football
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Chyronhego Corporation, Experfy Inc., HCL Technologies, International Business Machines Corporation, iSportsAnalysis, Oracle Corporation, Qualitas Global Services, SAP SE, Sas Institute Inc., Sportradar AG, Stats Perform and Tableau Software LLC (Salesforce.com Inc.).
Key Questions Answered in This Report
1. What was the size of the global sports analytics market in 2022?
2. What is the expected growth rate of the global sports analytics market during 2023-2028?
3. What are the key factors driving the global sports analytics market?
4. What has been the impact of COVID-19 on the global sports analytics market?
5. What is the breakup of the global sports analytics market based on the component?
6. What is the breakup of the global sports analytics market based on the analysis type?
7. What is the breakup of the global sports analytics market based on the sport?
8. What are the key regions in the global sports analytics market?
9. Who are the key players/companies in the global sports analytics market?
The global sports analytics market size reached US$ 1,085.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,097.8 Million by 2028, exhibiting a growth rate (CAGR) of 18.6% during 2023-2028.
Sports analytics refers to the application of statistical and mathematical principles to analyze different components of sports, including player performance, recruitment and business performance. The analytics process involves the collection of data from a broad sample and the establishment of several parameters that can measure fumble or hit rate. Sports analytics helps to evaluate the weaknesses and strengths of opposers. It also aids in ensuring high returns on investments (ROIs), decreasing operating costs, and increasing overall income. Sports analytics can be differentiated into on-field and off-field analytics. Amongst these, on-field analytics is used for developing team strategies and tactics by observing patterns in terms of counter-strategies, formation, and other variables. On the other hand, off-field analytics apply statistics to help the owners of sports institutions to make effective decisions that can lead to improved business profitability and performance. Sports analytics is extensively used by professional and college sports programs and sports media, wearable technology, and training technology companies.
Sports Analytics Market Trends:
There has been a significant rise in investments in the sports industry for making data-driven decisions is primarily fueling the global sports analytics market growth. The emerging need for tracking and monitoring the data of players is further contributing significantly to the growth of the market. Other than this, the rising demand for improved wearable devices amongst athletes and other players to gain insights on their performance and fitness variables, which include acceleration, heartbeat, and speed, is fueling the market growth. The demand for high-quality wearables is also being affected by rising health consciousness amongst consumers, particularly during the coronavirus (COVID-19) pandemic, which is positively influencing the sports analytics market growth. Moreover, the development of high-end and cost-effective computing solutions is creating a positive outlook for the market across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sports analytics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, analysis type and sport.
Breakup by Component:
Software
Service
Breakup by Analysis Type:
On-field
Player and Team Analysis
Video Analysis
Health Assessment
Off-field
Fan Engagement
Ticket Pricing
Breakup by Sport:
Football
Cricket
Hockey
Basketball
American Football
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Chyronhego Corporation, Experfy Inc., HCL Technologies, International Business Machines Corporation, iSportsAnalysis, Oracle Corporation, Qualitas Global Services, SAP SE, Sas Institute Inc., Sportradar AG, Stats Perform and Tableau Software LLC (Salesforce.com Inc.).
Key Questions Answered in This Report
1. What was the size of the global sports analytics market in 2022?
2. What is the expected growth rate of the global sports analytics market during 2023-2028?
3. What are the key factors driving the global sports analytics market?
4. What has been the impact of COVID-19 on the global sports analytics market?
5. What is the breakup of the global sports analytics market based on the component?
6. What is the breakup of the global sports analytics market based on the analysis type?
7. What is the breakup of the global sports analytics market based on the sport?
8. What are the key regions in the global sports analytics market?
9. Who are the key players/companies in the global sports analytics market?
Table of Contents
143 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Sports Analytics Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Component
- 6.1 Software
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Service
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Analysis Type
- 7.1 On-field
- 7.1.1 Market Trends
- 7.1.2 Key Segments
- 7.1.2.1 Player and Team Analysis
- 7.1.2.2 Video Analysis
- 7.1.2.3 Health Assessment
- 7.1.3 Market Forecast
- 7.2 Off-field
- 7.2.1 Market Trends
- 7.2.2 Key Segments
- 7.2.2.1 Fan Engagement
- 7.2.2.2 Ticket Pricing
- 7.2.3 Market Forecast
- 8 Market Breakup by Sport
- 8.1 Football
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Cricket
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Hockey
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Basketball
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 American Football
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Chyronhego Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Experfy Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 HCL Technologies
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 International Business Machines Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 iSportsAnalysis
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Oracle Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Qualitas Global Services
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 SAP SE
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Sas Institute Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 SWOT Analysis
- 14.3.10 Sportradar AG
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Stats Perform
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Tableau Software LLC (Salesforce.com Inc.)
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
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