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  • Sports Analytics Market Analysis | 2023-2028

    Sports Analytics Market Analysis | 2023-2028

    Sports Analytics Market Analysis | 2023-2028
    Report code - SRCG256 Delivery - 2 Weeks
    Sports Analytics Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 20 See more...

    Market Insights

    "The sports analytics market was estimated at USD 3.07 billion in 2022 and is expected to grow at a CAGR of 26.75% during 2023-2028 to reach USD 12.89 billion in 2028".

    Sports-Analytics-Market-Insights

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    Market Dynamics

    Introduction

    Sports Analytics is the use of data and advanced statistics to measure performance and make informed decisions to gain a competitive advantage. It encompasses a diverse range of methodologies employed to gather, analyze, and interpret data about crucial aspects such as sports performance, player evaluation, game strategy, and fan engagement.

    By delving into extensive datasets, the primary objective of sports analytics is to extract meaningful and actionable information that can elevate decision-making processes and drive remarkable improvements in overall sports performance. By utilizing sophisticated statistical models, machine learning algorithms, and data visualization techniques, sports analytics can provide valuable insights and support decision-making in different areas like player performance analysis, team performance analysis, game strategy, injury prevention, player health management, fan engagement and marketing, talent scouting, and recruitment.

    Sports Analytics Market Report Highlights

    Market Size in 2022

    USD 3.07 billion

    Market Size in 2028

    USD 12.89 billion

    Market Growth (2023-2028)

    26.75% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Drivers

    The major factors contributing to the demand for sports analytics are the increasing investments in sports technology for data-driven decisions and the need for player/ team performance improvement.

    Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Sports-Type Analysis

    Individual Sports and Team Sports

    The team sports segment expected to have the highest revenue share during the foreseeable future.

    Application-Type Analysis

    Performance Analytics, Player and Team Valuation, Player Fitness and Safety, Fan Management, and Broadcast Management

    The performance analytics segment is expected to witness the highest growth during the forecast period.

    Deployment Model-Type Analysis

    On-Premises and Cloud

    The cloud-based segment is likely to remain the dominant segment of the market during the forecast period.

    Component-Type Analysis

    Solutions and Services

    The solution segment is dominating the market during the forecast period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

    North American market is estimated to be the largest, whereas Asia-Pacific is expected to be the fastest-growing sports analytics market during the forecast period

    By Sport Type

    "The team sports segment expected to have the highest revenue share".

    • The market is divided into team sports and individual sports.
    • Football, a popular global sport, is expected to drive this segment. With 265 million players and 3.5 billion fans, data analytics in on-field games can provide valuable insights. High investments in data analytics solutions and exclusive benefits in football tools are expected to fuel this segment's growth.

    By Application Type

    "The performance analytics segment is expected to witness the highest growth during 2023-28".

    • The market is segmented as performance analytics, player and team valuation, player fitness and safety, fan management, and broadcast management.
    • Increasing use of Artificial Intelligence (AI) and IoT technologies in order to improve the performance of an athlete is the major factor driving the growth of the performance analytics segment.

    Sports-Analytics-Market-Segment-Analysis-By-Application-Type

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    By Deployment Model Type

    "The cloud-based segment is likely to remain the dominant segment of the global sports analytics market during 2023-2028".

    • The market is segmented as on-premises and cloud-based.
    • Benefits of cloud-based models such as scalability, cost-effectiveness, privacy, data quality, and data integrity are the key factors propelling the dominance of the segment in the sports analytics market.

    By Component Type

    "The solution segment is expected to dominate the market during the forecast period".

    • The market is segmented into solution and services.
    • The unpredictable market conditions and advanced technological implementation rates are driving the global adoption of sports analytics solutions. Companies are focusing on cloud-based solutions for rapid scalability, low cost, easy access, and uninterrupted service. The increasing competitiveness, need for decision-making, and social media impact have accelerated the acceptance of analytics.
    • Clubs and teams associated with analytics organizations, such as Opta, are also gaining popularity. The growing competitive environment, decision-making, strategy execution, and social media impact are driving the adoption of analytics. The changing sports dynamics and rising technology adoption will likely fuel the sports analytics market share during the forecast period.

    Regional Analysis

    "North American market share is more than 25% in 2021 and is estimated to be the largest, whereas Asia-Pacific is expected to be the fastest-growing sports analytics market during the forecast period".

    • The USA, China, Japan, India, Australia, and South Korea being the major countries with lucrative growth opportunities. The growth of the Asia-Pacific market is majorly driven by the growing digitalization trend, the emergence of various sports leagues, and the increasing investments in the market.

    Sports-Analytics-Market-Regional-Analysis

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    Key Players

    The following are the key players in the Sports Analytics Market (arranged alphabetically).

    • Advanced Sports Analytics,
    • Catapult,
    • ChyronHego,
    • DataArt,
    • Exasol,
    • EXL,
    • Experfy,
    • FORMCEPT,
    • GlobalStep,
    • HCL,
    • IBM,
    • IceBergs Sports,
    • iSportsAnalysis,
    • Orreco,
    • Physimax Technologies,
    • Qualitas Global,
    • Quant4Sport,
    • SAS Institute,
    • SportsSource Analytics,
    • Stats Perform,
    • Tableau Software,
    • TruMedia Network,
    • Zebra Technologies.

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Research Methodology

    • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
    • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
    • We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the sports analytics market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Sports Analytics Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    The sports analytics market is segmented into the following categories.

    By Sports Type

    • Individual Sports
    • Team Sports

    By Application Type

    • Performance Analytics
    • Player and Team Valuation
    • Player Fitness and Safety
    • Fan Engagement
    • Broadcast Management

    By Deployment Model Type

    • On-Premises
    • Cloud

    By Component Type

    • Solution
    • Services

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Report Customization

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Sports analytics is the use of data and advanced statistics to measure performance and make informed decisions in order to gain a competitive advantag.

    The sports analytics market was estimated at USD 3.07 billion in 2022.

    The sports analytics market is likely to reach USD 12.89 billion in 2028.

    The sports analytics market is likely to grow at a CAGR of 26.75% during 2023-2028.

    The drivers of the market are increasing investments in sports technology for data-driven decisions and the need for player/ team performance improvement.

    North America is estimated to be the largest market for sports analytics during the forecast period.

    IBM, SAS Institute, Tableau Software, EXL, GlobalStep, Catapult, SportsSource Analytics, HCL, Experfy, IceBergs Sports, Chyronhego, Stats Perform, Exasol, TruMedia Network, DataArt, Orreco, Advanced Sports Analytics, Qualitas Global, iSportsAnalysis, FORMCEPT, Quant4Sport, Physimax Technologies, and Zebra Technologies are the key companies in the market.

    The performance analytics segment has the largest share of the market during the estimated time.