Asia-Pacific Sports Analytics Market – Industry Trends and Forecast to 2029

Market Analysis and Insights: Asia-Pacific Sports Analytics Market

Sports analytics market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the highest CAGR of 46.7% in the forecast period of 2022 to 2029 and is expected to reach USD 3,001.90 million by 2029. Growing digitization trends and sport’s pervasiveness is boosting the growth of the market. Asia-Pacific region has witnessed high growth in adoption of sports analytics due rising adoption of sports analytics solutions in countries such as Australia, China, India, Japan and other countries.

Sports analytics is defined as the usage of data and advanced statistics to measure success in the sports industry by making competitive and strategic sports decisions. Sports analytics, when properly implemented, may give a team or person enormous competitive advantages. As technology continues to evolve, data collection becomes more complicated, and the quantity of available information increases, so does the capacity to assess and enhance its efficiency. The development of advanced statistics and optimization of results has contributed to sports data expansion.

The factors driving the market are increasing acceptance of cloud based sports analytics solutions and services across different organization and growing demand of real time data access. Shortages in subsidies or budget constraint arising due to lack of government support in some countries. Emergence of AI and ML technologies and growing adoption of smartphones and social media is one factor that opens lucrative opportunities for the market. Lack of skilled professionals is acting as a major challenge for the market growth.

This sports analytics market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Asia-Pacific Sports Analytics Market Scope and Market Size

Sports analytics market is segmented on the basis of component, sports type, application, deployment, organization mode, and analysis type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of component, Asia-Pacific sports analytics market has been segmented into software, and services. In 2022, software segment is expected to dominate the sports analytics market due to rising adoption of sports analytics for software/platform can be largely attributed to growing preference for cloud-based software solutions.
• On the basis of sports type, the Asia-Pacific sports analytics market is segmented into team sports and individual sports. In 2022, team sports segment is expected to dominate the sports analytics market as leagues are the primary users of sports analytics solutions such as cricket, hockey and among others have the highest adoption rate of these solutions, particularly for selecting and analysing performance of players.
• On the basis of application, the Asia-Pacific sports analytics market is segmented into player & team valuation, performance analytics, health assessment, fan engagement, broadcast management, video analysis and others. In 2022, player & team valuation segment is expected to dominate the sports analytics market due to monitoring and tracking of data of players, the number of wearable devices in the sports industry is increasing.
• On the basis of deployment mode, the Asia-Pacific sports analytics market is segmented into on premise and cloud. In 2022, cloud segment is expected to dominate the sports analytics market due to cost-effective and high end computing solution and increasing demand for analytics of complex data streaming is expected to fuel the growth of the market.
• On the basis of organization mode, the Asia-Pacific sports analytics market is segmented into large enterprises and SME’s. In 2022, large enterprise segment is expected to dominate the sports analytics market due to wide use of analytics in large enterprise to enhance organization’s business performance to work effectively. Advancement in technologies is further augmenting the growth for the market.
• On the basis of analysis type, the Asia-Pacific sports analytics market is segmented into on-field and off-field. In 2022, on-field segment is expected to dominate the sports analytics market due to growing use of analytical solutions in outdoor games such as hockey, and cricket, among others and usage of analytical tools in sports provides an ample amount of data related to the health and fitness which helps to boost the growth of the market.

Sports Analytics Market Country Level Analysis

Sports analytics market is analysed and market size information is provided by country, component, sports type, application, deployment, organization mode, and analysis type.

The countries covered in sports analytics market report are Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and rest of Asia-Pacific.

China is expected to dominate the market in Asia-Pacific region due to emerging market and urbanization are factors helping this market growth.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Rising Demand of Sports Analytics

Sports analytics market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in sports analytics and changes in regulatory scenarios with their support for the sports analytics market. The data is available for historic period 2011 to 2020.

Competitive Landscape and Sports Analytics Market Share Analysis

Sports analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Asia-Pacific sports analytics market.

The major players covered in the report are IBM Corporation, Sportradar AG, Synergy Sports, DataArt, SAP SE, TABLEAU SOFTWARE, LLC, A SALESFORCE COMPANY, Oracle, SAS Institute Inc., HCL Technologies Limited, GlobalStep, LLC, TruMedia Networks, Inc., ICEBERG Sports Analytics, SPORTSMECHANICS, Stats Perform, Experfy, Inc., Catapult Group International Ltd, orreco, Zebra Technologies Corp., Exasol, Qualitas Global, among others. Many product developments are also initiated by the companies worldwide which are also accelerating the growth of sports analytics market.

Many product developments are also initiated by the companies worldwide, which are also accelerating the growth of the sports analytics market.

For instance,

• In August 2021, TABLEAU SOFTWARE, LLC, A SALESFORCE COMPANY's introduced blueprint for Rugby Australia to enhance data culture. Tableau was first utilised by Rugby Australia to bring together the massive volumes of data necessary to assess and anticipate how the team would perform over its competitors, taking into consideration factors such as player health, training, and previous performance. This execution helps in improving the recognition of the company.
• In May 2021, Oracle introduced cloud infrastructure to power new advanced football analytics in the premier league. In teaming with Oracle, the Premier League will increase the excitement surrounding every game through new in-match statistics that provide a deeper understanding of the live-action on the pitch. This product execution helps in improving the recognition of the company.

Partnership, joint ventures, and other strategies enhance the company's market share with increased coverage and presence. It also benefits the organization to improve its offering for sports analytics through an expanded range of sizes.

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