The global sports analytics software market size is anticipated to reach over USD 5 billion By 2025. The rising investments in sports technology are fuelling the global sports analytics software market growth.
Dallas, United States - October 22, 2020 /MarketersMedia/ —
The global sports analytics software market size is anticipated to reach over USD 5 billion by 2025. In addition, it is expected to exhibit a CAGR of over 31% during the forecast period 2020-2025. The sports analytics software can be analyzed across an extensive range of games comprising basketball, tennis, boxing, baseball, cricket, football, and others. It provides real-time information such as acceleration achieved, runs scored, the speed attained, and energy level of a player throughout the game. Hence, such statistics assist team managers and coaches in assessing a player’s performance during the game.
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Also, such data generated from various games can further help in developing the strategies for the upcoming games. Hence, such factors are driving the adoption of sports analytics software globally. Moreover, an increasing number of sports events and rising pressure on sports players to perform better in every game is also driving the demand for sports analytics software.
Data Driven Decision making to Induce AI Enabled Sports Analytics
Data driven business decisions are crucial in influencing AI integrated sports analytics. Ardent activities such as appropriate player identification and establishing personal connection with innumerable fans have catapulted need for real time data analytics for best experience. This data driven approach to mediate crucial decision making has been augmenting million dollar returns in sports analytics market, finds out Adroit Market Research in its dedicated research report pinned in the online repository.
To ensure desirable outcome in sport analytics offerings, mergers and acquisitions are expected to remain standard investment criteria amongst leading players. Additionally, sport institutions globally are collaborating with analytics providers for improved sports analytics outcome and data management.
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US Sport Institution Collaborates with Sportlogiq for Improved AI-based Sport Analytics
To cite an instance in this regard, US based sport institution, Lacrosse has entered into a long term collaborative agreement with sports analytics veteran, Sportlogiq to derive statistical real time data based on which requisite growth rendering efforts are likely to be deployed for improved fan connection, coaching practices as well as sports betting tactics. The development is expected to pump in substantial growth momentum in global sports analytics market in the coming years.
Need for informed decision making in sports to meet multi-dimensional requirements comprising injury management and prevention, revenue maximization, performance betterment and productivity besides fan engagement pave large scale adoption of sports analytics. Furthermore, with changing dynamics technological intervention such as AI enabled analytics is a budding change and is expected to favor flourishing returns in global sports analytics market.
This high-end research report evaluating sport analytics software market entails critical understanding of value based and volumetric estimations, following significant leads across regions to understand consumption and production patterns, supply chain disruptions as well as consumer behavior that effectively influence vendor behavior largely.
To serve as an apt ready-to-refer cue book pertaining key investments in global sports analytics software market, the report divides the market into triple segments comprising component, analytics type and deployment mode.
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The Asia-Pacific region is expected to accumulate the highest growth rate during the forecast period 2020-2025. The market growth in this region is primarily accredited to the increasing awareness about the sport analytics solutions among the various organizations. However, the North American region is projected to gather the highest market share during the forecast period. The dominance of this region is mainly accredited to the significant developments happening in this region.
The major players of the global sports analytics software market are IBM, Catapult, SAS, GlobalStep, Tableau Software, IceBergs Sports, EXL, SportsSource Analytics, iSportsAnalysis, and Sportradar. Moreover, the other potential players in the sports analytics software market are Quant4Sport, Chyronhego, Exasol, Advanced Sports analytics software, and TruMedia Network. The recognized companies are coming up with an innovative and new sports analytics software solution. For instance, in July 2019, IBM announced a partnership with Columbus Crew. With this partnership, IBM created the digital experience for Columbus Crew Soccer Club's new stadium which is expected to be open by the year 2021.
Segment Overview of Global Sports Analytics Software market
Component Overview, 2018-2025 (USD Million)
Solutions
Service
Analytics Type Overview, 2018-2025 (USD Million)
On-field
Video Analysis
Team & Player Analysis
Health Assessment
Off-field
Ticket Pricing
Fan Engagemen
Deployment Mode Overview, 2018-2025 (USD Million)
Cloud
On-Premis
Regional Overview, 2018-2025 (USD Billion)
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
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Organization: Adroit Market Research
Website: https://www.adroitmarketresearch.com/industry-reports/sports-analytics-software-market
Source: MarketersMedia
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