The sports analytics market was valued at USD 0.56 billion in 2018 and is expected to reach a CAGR of 30% over the forecast period of 2019-2025
Sports analytics comprises three elements, namely data management, analytical models, and information systems, which help in the decision-making process. Data management refers to acquiring, verifying, and storing data through data mining. Analytical models are used to describe the mined data by using statistical tools such as Tableau. Information systems extract and present data to decision makers in order to help them make well-informed decisions.
The Global Sports analytics Industry Market research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The market Report also calculate the market size, the report considers the revenue generated from the sales of This Report and technologies by various application segments. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth.
The increasing adoption of cloud-based solutions for analytics of complex data is expected to present new revenue opportunity for several players engaged in sports analytics market. The market of sports analytics is driven by the factors such as increasing demand of management officials, coaches, and mentors for real-time access of relevant information. Moreover, factors such as high research and development requirement and availability of limited funding restrain the growth of global sports analytics market.
Encompassing a detailed study of the Sports analytics Industry market, this report delivers an on-depth brief of the industry including pivotal insights such as important industry trends, market share, market size, current valuation, etc. The study also forecasts the proceeds that this industry would accrue at the end of the projected duration. The summary of the Sports analytics Industry market also enumerates the growth rate that this industry will register over the anticipated timeline, fueled by certain drivers, a gist of which has been enumerated below, alongside the various risks, opportunities, and challenges presented by this business vertical.
Sports analytics are used for establishing fantasy leagues, and it also enables sports players to access the statistics that improves the player game. The sports analytics is used to improve scouting and to analyze new player with extraordinary talent and for evaluating player competitive capability. In today’s scenario, every major professional sports team has hired an analytics expert on staff or has an analytics department.
Key Companies Analysis of Sports analytics Industry Market Report:
Some of the key players of global sports analytics market are IBM Corp., SAP SE, SAS, Tableau Software, Oracle Corp., STATS LLC, TruMedia Networks and Sportingmindz Technology Pvt Ltd.
Development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions (United States, EU, China and Japan), and other regions can be added.
The industry analysis tools such as SWOT and Porter’s Five models have been used to analyze the business strategies. Leading key players have been profiled to get better insights into the businesses. Drivers and restraints have been explained in a detail which helps to understand the positive and negative aspects in front of the businesses. A segmentation of the global Sports analytics Industry market has been done to study the market in detail. It gives a list of some significant approaches followed by successful companies.
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The sports analytics market was valued at USD 0.56 billion in 2018 and is expected to reach a CAGR of 30% over the forecast period of 2019-2025.
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The increasing preferences towards adoption of cloud-based solutions for analytics of complex data, will present new revenue growth opportunity for various players operating in sports analytics market. North America holds one of the largest share in the global sports analytics market followed by Europe. High technological adoption trends and strong financials of various sports organization in Europe and North American region has particularly fueled the growth of the sports analytics market.
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