Dublin, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The "Sports Analytics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Sports Analytics was estimated at US$4.2 Billion in 2023 and is projected to reach US$19.3 Billion by 2030, growing at a CAGR of 24.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
Sports analytics is becoming increasingly indispensable for sports teams, organizations, and leagues as it provides valuable insights into player performance, team strategy, and fan engagement. By leveraging big data, artificial intelligence (AI), and machine learning (ML), sports analytics enables coaches, managers, and analysts to optimize player selection, game tactics, and training regimens, enhancing team performance and competitive advantage.
The growing emphasis on data-driven decision-making, injury prevention, and performance optimization is expanding the adoption of sports analytics across various sports, including football, basketball, baseball, cricket, and esports. With the rise of digital media, social platforms, and fantasy sports, sports analytics is also playing a critical role in enhancing fan experience, engagement, and monetization, driving its growth in the global sports industry.
What Are the Key Drivers of Growth in the Sports Analytics Market?
The growth in the sports analytics market is driven by several factors, including rising demand for data-driven decision-making, performance optimization, and fan engagement, technological advancements in AI, machine learning, and predictive analytics, and the increasing focus on enhancing player performance, injury prevention, and team strategy.
The need to provide real-time, accurate, and actionable insights into player, team, and fan data is driving the demand for sports analytics across various sports, organizations, and leagues. Technological innovations in cloud-based, edge analytics, wearable technology, IoT sensors, and digital platforms, coupled with advancements in AR, VR, and interactive content, are enhancing the capabilities, scalability, and marketability of sports analytics, supporting market growth.
The expansion of sports analytics applications in esports, fantasy sports, sports betting, and media rights, along with the growing emphasis on ethical AI, data governance, and responsible analytics, is creating new opportunities for market players. Additionally, the focus on developing integrated, multi-sport, and augmented reality analytics solutions for diverse sports environments is further propelling the growth of the sports analytics market.
How Are Technological Innovations Shaping the Sports Analytics Market?
Technological advancements in AI, machine learning, and predictive analytics are significantly shaping the sports analytics market, enabling more accurate, real-time, and actionable insights into sports data. The emergence of cloud-based, edge analytics, and augmented reality (AR) platforms is providing greater flexibility, scalability, and integration capabilities for sports teams, leagues, and broadcasters.
Innovations in wearable technology, IoT sensors, and biomechanical analysis are expanding the application scope of sports analytics beyond traditional team sports to include individual sports, endurance events, and extreme sports. Additionally, the integration of sports analytics with digital platforms, such as social media, video streaming, and e-commerce, is enhancing fan engagement, personalized content, and interactive experiences, supporting the growth of the sports analytics market.
Which Market Segments Are Leading the Growth of the Sports Analytics Industry?
Components of sports analytics include solutions and services, with solutions holding the largest market share due to their widespread use in performance analysis, injury prevention, and game strategy optimization. Applications of sports analytics span player and team performance analysis, fan engagement, ticketing and merchandising, sponsorship valuation, and esports analytics, with player and team performance analysis being the dominant segment due to the growing focus on competitive advantage, player development, and injury management.
End-use sectors include professional sports teams, leagues and associations, academic institutions, sports broadcasters, and sponsors, with professional sports teams leading the market due to their high adoption of data-driven analytics, scouting, and training tools. Geographically, North America and Europe are the largest markets for sports analytics, driven by high sports popularity, technological adoption, and investment in sports infrastructure, while Asia-Pacific is expected to witness rapid growth due to the rising popularity of sports, esports, and digital engagement.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the On-Premise Deployment segment, which is expected to reach US$12.0 Billion by 2030 with a CAGR of a 20.6%. The Cloud Deployment segment is also set to grow at 33.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was valued at $1.2 Billion in 2023, and China, forecasted to grow at an impressive 23.4% CAGR to reach $2.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Accuscore Inc., BIRDIEFIRE LLC, Evaluation Sports, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Sports Analytics Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 233 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $4.2 Billion |
| Forecasted Market Value (USD) by 2030 | $19.3 Billion |
| Compound Annual Growth Rate | 24.4% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Sports Analytics - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growing Demand for Data-Driven Decision Making and Performance Optimization Drives Sports Analytics Market Growth
- Increasing Focus on Enhancing Player Performance, Injury Prevention, and Team Strategy Spurs Adoption of Sports Analytics
- Technological Advancements in AI, Machine Learning, and Predictive Analytics Propel Market Innovation
- Growing Emphasis on Fan Engagement, Digital Media, and Personalized Content Expands Addressable Market Opportunity
- Emergence of Real-Time, Cloud-Based, and Edge Analytics Platforms for Sports Data Strengthens Business Case
- Rising Use of Sports Analytics in Player Scouting, Recruitment, and Talent Management Accelerates Market Demand
- Focus on Developing Integrated, Multi-Sport, and Augmented Reality (AR) Analytics Solutions Drives Market Competitiveness
- Increasing Application of Sports Analytics in Esports, Fantasy Leagues, and Sports Betting Fuels Market Expansion
- Expansion of Sports Analytics Applications in Broadcast Media, Sponsorship, and Merchandise Sales Spurs Market Potential
- Shift Towards Wearable Technology, IoT Sensors, and Biomechanical Analysis for Real-Time Insights Expands Market Opportunities
- Increasing Emphasis on Ethical AI, Data Governance, and Responsible Analytics in Sports Creates New Opportunities
FOCUS ON SELECT PLAYERS (Total 23 Featured)
- Accuscore Inc.
- BIRDIEFIRE LLC
- Evaluation Sports
- FootyStats
- Global Sports Analytics
- Graplo
- Hypometer Technologies Pty Ltd.
- IBM Corporation
- Iceberg Sports Analytics
- IntelliSports
For more information about this report visit https://www.researchandmarkets.com/r/viim9q
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