Dublin, Feb. 06, 2024 (GLOBE NEWSWIRE) -- The "Global Sports Analytics Market by Sport (American Football, Basketball, Cricket), Component (Service, Software), Analysis Type, Deployment, Application - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
With a formidable expansion trajectory, the global Sports Analytics Market is expected to surge from a valuation of USD 2.51 billion in 2023 to USD 9.06 billion by 2030, growing at a significant CAGR of 20.10%. This market, which caters to the analytical needs of sports ranging from American Football to Cricket, is undergoing rapid evolution, powered by advancements in data analytics technologies and the heightened demand for data-driven decision-making in sports strategies and operations.
Key Growth Drivers and Market Trends
The comprehensive analysis of the Sports Analytics Market sheds light on a multitude of factors fueling this vibrant sector:
- Rising Demand for Data-Driven Decisions: Sports organizations are increasingly relying on data analytics to refine game strategies, player performance, and fan engagement, contributing to the market's vigorous growth.
- Technological Innovations: Cutting-edge solutions like video analytics and advanced wearable technology play a pivotal role in the sector's expansion, driving a new era of performance analytics and health assessments.
- Cloud Deployment: The cloud-based deployment of sports analytics solutions is gaining traction, with an escalation in adoption due to cost-effectiveness, scalability, and the ability to manage large volumes of data effectively.
Comprehensive Market Examination
The market intelligence report offers an all-encompassing analysis of the Sports Analytics Market, highlighting:
- The FPNV Positioning Matrix, which evaluates vendors with respect to their business strategy and product satisfaction, helping stakeholders make educated vendor selection decisions.
- A nuanced Market Share Analysis that presents a granular examination of the competitive dynamics and vendor performance in the sports analytics domain.
Key segments covered in the research include a deep dive into the specifics of American Football analytics, Basketball, as well as the burgeoning fields of off-field and on-field analysis types. Moreover, the deployment models examined include both cloud-based and on-premise solutions, indicating a divide that holds strategic importance for industry stakeholders in the sports sector.
Regional Market Dynamics
From North America's technological hubs to the sports-crazy nations of the Asia-Pacific region, the report captures geographical nuances in market penetration:
- The Americas: With a significant contribution from countries like the United States and Canada, the region continues to be a hotspot for sports analytics adoption, particularly in American Football and Basketball.
- Asia-Pacific: This locality stands out as an emerging frontrunner, where countries such as India, China, and Australia are embracing analytics to enhance cricketing strategies and other popular sports.
Forecast and Opportunity Insights
The analytical endeavor under review not only projects market size and forecasts but also identifies prospective market penetration and development opportunities. It equips stakeholders with insights into competitive assessments, technological trends, and regulatory frameworks to strategize effectively for future market scenarios
. As the Sports Analytics Market continues its upwards trend, industry players are poised to harness the convergence of analytics with sporting excellence to unlock unprecedented levels of performance, strategy optimization, and fan satisfaction.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 183 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $3 Billion |
| Forecasted Market Value (USD) by 2030 | $9.06 Billion |
| Compound Annual Growth Rate | 20.1% |
| Regions Covered | Global |
Market Segmentation & Coverage
This research report categorizes the Sports Analytics Market to forecast the revenues and analyze trends in each of the following sub-markets:
Sport
- American Football
- Basketball
- Cricket
- Football
- Hockey
Component
- Service
- Software
Analysis Type
- Off-Field
- On-Field
Deployment
- Cloud
- On-Premise
Application
- Broadcast Management
- Fan Engagement
- Health Assessment
- Performance Analytics
- Player & Team Valuation
- Video Analysis
Companies Profiled
- Catapult Group International Ltd.
- Chyronhego Corporation
- DataArt Solutions, Inc.
- Exasol AG
- ExlService Holdings, Inc.
- GlobalStep, LLC
- HCL Technologies Limited
- International Business Machines Corporation
- Kinduct Technologies Inc.
- Kitman Labs Inc.
- Orreco Limited
- SAS Institute Inc.
- Sporting Algorithms LLC
- Sportlogiq Inc.
- TruMedia Networks, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/6uupy0
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