The wearable devices have become relevant in tracking sports performance as the athlete's interference can be minimized to a large extent. This technology is utilized to enable players and coaches to stay mindful of fitness objectives as well as development. At the same time, the system can also be customized to monitor, avoid and diagnose player injuries. These factors play a crucial role in tracking the fitness condition of the athletes across the various sports fields. These increased utilization of wearable devices by athletes, the market is estimated to have favorable growth over the forecasted period.
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Data Bridge Market Research analyses that the sports analytics market is expected to grow at a CAGR of 43.9% in the forecast period of 2022 to 2029 and is expected to reach USD 14,228.89 million by 2029. Cloud, IoT, big data and analytics, mobility, and social media are just a few examples of advanced technologies that have sparked innovation and transformation in the business ecosystem. The rapid development of data science experts' evaluation capabilities has been facilitated by the accumulation of big data in a single location. Enterprises can optimize vital business processes, functions, and objectives by leveraging the advantages and challenges of big data sports analytics.
High usage of connected and integrated technologies is expected to drive the Market's growth rate
The proliferation of the internet and the availability of various ways to access it has resulted in a massive increase in the amount of data generated. As a result, the advancement and expansion of high-speed internet services would be aided. Sports analytics companies are now deploying data scientists and analysts to process collected data due to the exponential rise in individual and organizational data. The rise of connected and integrated technologies has given sports analytics solution providers a platform to capitalize on the internet's development and unprecedented growth. This encourages businesses to invest in sports analytics. As a result, these factors boost the sports analytics market growth.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2020 - 2015)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Component (Software/Platform, and Services), Sports Type (Team Sports, and Individual Sports), Application (Player & Team Valuation, Performance Analytics, Health Assessment, Fan Engagement, Broadcast Management, Video Analysis, and Others), Deployment (Cloud, and On-Premise), Organization Mode (Large Enterprise, and SMEs), Analysis Type (On-Field, Off-Field)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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IBM (U.S.), Sportradar AG (Switzerland), Synergy Sports (U.S.), DataArt (U.S.), SAP SE (Germany), TABLEAU SOFTWARE, LLC (U.S.), SALESFORCE Inc. (U.S.), Oracle (U.S.), Qualitas Global (India), SAS Institute Inc (U.S.)., HCL Technologies Limited (India), GlobalStep, LLC (U.S.), TruMedia Networks, Inc. (U.S.), ICEBERG Sports Analytics (Canada), SPORTSMECHANICS (India), Stats Perform (U.K.), Experfy, Inc. (U.S.), Catapult Group International Ltd. (U.S.), orreco (Ireland), Zebra Technologies Corp. (U.S.), Exasol (Germany) among others.
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Data Points Covered in Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The global sports analytics market is segmented into six notable segments which are based on the component, sports type, application, deployment mode, organization mode, and analysis type.
The player and team valuation segment is expected to dominate the global sports analytics market
In 2022, the player and team valuation segment is expected to dominate the global sports analytics market with the highest CAGR of 46.8% in the forecast period of 2022 to 2029. The increased growth of the player and team valuation segment is attributed to advancements in technologies like big data to get scientific sports data delivered in an easy to understand format that offers an opportunity for coaches, individuals, schools, teams, and sporting organizations to make informed decisions and improve overall performance.
The large enterprise segment is expected to dominate the global sports analytics market
In 2022, the large enterprise segment is expected to dominate the global sports analytics market with the highest CAGR of 42.7% in the forecast period of 2022 to 2029. The large enterprise segment is expected to dominate the sports analytics market due to the wide use of analytics in large enterprises to enhance the organization's business performance to work effectively. The emergence of AI and ML technologies is further augmenting the growth of the market.
Major Players
Data Bridge Market Research recognizes the following companies as the major sports analytics market players in sports analytics market are IBM (U.S.), Sportradar AG (Switzerland), Synergy Sports (U.S.), DataArt (U.S.), SAP SE (Germany), TABLEAU SOFTWARE, LLC (U.S.), SALESFORCE Inc. (U.S.), Oracle (U.S.), Qualitas Global (India), SAS Institute Inc (U.S.)., HCL Technologies Limited (India), GlobalStep, LLC (U.S.), TruMedia Networks, Inc. (U.S.), ICEBERG Sports Analytics (Canada), SPORTSMECHANICS (India), Stats Perform (U.K.), Experfy, Inc. (U.S.), Catapult Group International Ltd. (U.S.), orreco (Ireland), Zebra Technologies Corp. (U.S.), Exasol (Germany) among others.
Market Development
Regional Analysis
Geographically, the countries covered in the sports analytics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Europe is the dominant region in sports analytics market during the forecast period
Europe dominated the sports analytics market owing to the continuously investing in research and development to for introduction of new and innovative products according to the consumer preferences. Europe will continue to dominate the sports analytics market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period.
Asia-Pacific is estimated to be the fastest growing region in sports analytics market
Asia-Pacific is expected to grow during the forecast period due to the growing digitization trends and sports prevalence in these countries in this region. Moreover, the rapidly expanding sports industry in China is also estimated to boost the market growth within the region.
COVID-19 Impact Analysis
The outbreak of COVID-19 adversely impacted the sports industry. The adverse impact on the market is attributable to cancellation or postponement of major sporting events (such as marathons, football tournaments, athletics championships, basketball games, handball, ice hockey, and rugby, among others) at the international, regional, and national levels to protect the health of athletes. As a result, the pandemic is expected to slow the market's revenue growth, owing to the slowdown in the sports industry, which is a major driver of the market. On the other hand, major sporting organizations have expressed their support for efforts to stop the virus from spreading. Therefore, the market suffered an overall loss during the COVID.
Frequently Asked Questions (FAQs)
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Global Sports Analytics Market – Industry Trends and Forecast to 2029
Asia-Pacific Sports Analytics Market – Industry Trends and Forecast to 2029
Europe Sports Analytics Market – Industry Trends and Forecast to 2029
Middle East and Africa Sports Analytics Market – Industry Trends and Forecast to 2029
North America Sports Analytics Market – Industry Trends and Forecast to 2029