The global Sports Analytics Market size is expected to reach USD 6,340.7 million by 2030, registering
a CAGR of 25.1% from 2023 to 2030, as per a new report by Grand View Research,
Inc. The increasing preference for data in decision-making by associations and
organizations is expected to fuel market growth. Managers and coaches use
sports analytics solutions to gain multiple parameters, in-depth analysis, and
player performance, and design training sessions using collected insights.
These solutions offer predictive analysis to study the physical parameters of
players to prevent future injuries.
The sports industry produces large volumes of
information in raw data that do not provide clear insights. However, if the
data is processed further, it can provide valuable insights about the entire
team and individual players. Sports analytics solutions analyze the raw data
and provide essential insights in real time using graphical interfaces. Sports
analytical tools help analyze data such as opponent history, player line-ups,
win-loss records, and various player metrics such as distance covered, speed,
stamina, acceleration, and energy levels.These insights can be shared with
managers, coaches, and fantasy gaming applications.
Leading associations and teams have already
implemented sports analytical solutions by hiring professional analysts to
improve the team and individual performances by obtaining valuable insights and
gaining a competitive edge over opponents on and off the field. Sports bodies
such as National Basketball Association (NBA), Royal Spanish Football
Federation, German Football Association, and many others have already deployed
analytical tools to analyze the results of future game events.
Teams have adopted sports analytics solutions to
analyze player fitness, overall performance, and fan engagement. For instance,
in February 2023, Sports Info Solutions (SIS) and Gemini Sports Analytics
partnered to develop sports analytics solutions for their clients. Gemini
Sports Analytics has created a sports-specific AI and automated machine
learning technology that enables sports organizations to make decisions using
predictive analysis. Sports Info Solutions offers sports data & analytics
services to teams across NBA, NFL, and MLB.
SIS plans to use Gemini's predictive analytics
technology to help teams make effective game strategies and maximize player
performance. Additionally, in October 2022, Veritone Inc., the creator of
aiWARE, partnered with Stats Perform, a leading sports tech company that
provides data and AI for real time game updates. The collaboration aims to
combine Veritone’s synthetic voice AI technology and Stats Perform’s trusted
Opta sports data and bring it to a global platform.
Related Press Release@ Sports Analytics Market Report
Sports Analytics Market Report Highlights
- Football is predicted to expand at the fastest CAGR of 27.7% in the
sports category over the forecast period, owing to rapid adoption of the
latest technologies and large expenditures made by teams and associations
for sports analytics solutions
- Based on analysis, the on-field segment is anticipated to grow at
the fastest rate of 26.5% over the projection period, owing to the
increasing implementation of sports analytics solutions for health
assessment, video analysis, and player & team analysis in the sports
industry
- The software segment is expected to experience the highest
growth during the forecast period, owing to the increasing popularity
of cloud-based sports analytics software, which provides flexibility
and accessibility
- North America has traditionally been the largest market for sports
analytics, with the U.S. being the primary market in the region. However,
other regions such as Europe and the Asia Pacific are also seeing
significant growth in this space
List of Key Players in the Sports Analytics Market
- Agile Sports Analytics, LLC
- Catapult Sports
- ChyronHego Corporation
- Deltatre
- Experfy Inc.
- Genius Sports Group
- IBM Corporation
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- Sportradar AG
- Stats Perform
Sports Analytics Market Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2023 |
USD
1,319.2 million |
|
Revenue
forecast in 2030 |
USD
6,340.7 million |
|
Growth
rate |
CAGR of
25.1% from 2023 to 2030 |
|
Base year
for estimation |
2022 |
|
Historical data |
2018 - 2021 |
|
Forecast period |
2023 - 2030 |
Related Reports@
Sports Analytics Market Segmentation
Grand View Research has segmented the global sports
analytics market based on component, analysis type, sports, and region:
Sports Analytics Component Outlook (Revenue, USD Million,
2018 - 2030)
- Software
- Service
Sports Analytics Analysis Type Outlook (Revenue, USD
Million, 2018 - 2030)
- On-field
- Player & Team Analysis
- Video Analysis
- Health Assessment
- Off-field
- Fan Engagement
- Ticket Pricing
Sports Analytics Sports Outlook (Revenue, USD Million,
2018 - 2030)
- Football
- Cricket
- Baseball
- Basketball
- Rugby
- Others
Sports Analytics Regional Outlook (Revenue, USD Million,
2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa (MEA)
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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