DUBLIN, Oct. 8, 2024 (Globe Newswire) — The “Sports Analytics – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global sports analytics market was estimated at USD 4.2 billion in 2023 and is projected to reach USD 19.3 billion by 2030, growing at a CAGR of 24.4% from 2023 to 2030. This comprehensive report provides a detailed analysis of market trends. Provide drivers and forecasts to help you make informed business decisions.
Sports analytics is becoming increasingly essential to 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 allows coaches, managers, and analysts to optimize player selection, match tactics, and training plans to improve team performance and competitive advantage. can increase its superiority.
The increased emphasis on data-driven decision-making, injury prevention, and performance optimization is driving the growing adoption of sports analytics across a variety of sports, including soccer, basketball, baseball, cricket, and esports. With the rise of digital media, social platforms, and fantasy sports, sports analytics is also playing a key role in enhancing fan experience, engagement, monetization, and driving growth in the global sports industry.
What are the key drivers of the growth of the Sports Analytics Market?
The growth of the sports analytics market is driven by several factors, including increasing demand for data-driven decision-making, performance optimization, fan engagement, technological advances in AI, machine learning, predictive analytics, and increasing focus on player enhancement. Promoted by Performance, injury prevention and team strategy.
The need to provide real-time, accurate, and actionable insights into player, team, and fan data is driving demand for sports analytics across a variety of sports, organizations, and leagues. Innovations in cloud-based edge analytics, wearable technology, IoT sensors, digital platforms, and advancements in AR, VR, and interactive content are enhancing the functionality, scalability, and marketability of sports analytics to support market growth. .
The expansion of sports analytics applications in esports, fantasy sports, sports betting, and media rights, along with the growing importance of 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 is technological innovation shaping the sports analytics market?
Technological advances 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 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 driving the growth of the sports analytics industry?
The sports analytics component includes solutions and services and holds the largest market share as the solutions are widely used in performance analysis, injury prevention and match strategy optimization. Applications of sports analytics range from player and team performance analysis, fan engagement, ticket sales and merchandising, sponsorship evaluation, and esports analytics to competitive advantage, player development, and injury management. Due to the increasing attention of players and teams performance analysis has become a major segment. .
End-use sectors include professional sports teams, leagues and associations, academic institutions, sports broadcasters, and sponsors. Professional sports teams lead the market because of their advanced 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, technology adoption, and investment in sports infrastructure, while Asia Pacific is the largest market for sports, esports, and sports. Rapid growth is expected due to the rise in demand. Digital engagement.
Key insights:
Market Growth: Understand the significant growth trajectory of the on-premises deployment segment, expected to reach USD 12 billion by 2030 at a CAGR of 20.6%. The cloud adoption segment is also expected to grow at a CAGR of 33.9% during the analysis period. Regional analysis: Gain insight into the US market, valued at $1.2 billion in 2023, and the China market, expected to grow at an impressive CAGR of 23.4% by 2023. Check out growth trends in other key regions such as Japan, Canada, Germany, and Asia Pacific.
Report features:
Comprehensive market data: Independent analysis of annual sales and market forecasts (USD million) from 2023 to 2030. Detailed regional analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia Pacific, and Latin. America, Middle East, Africa. Company Profile: Covers major companies such as Accuscore Inc., BIRDIEFIRE LLC, and Evaluation Sports. Free Updates: Receive 1 year of free report updates to stay on top of the latest market trends.
Answers to key questions:
How is the global sports analytics market expected to evolve by 2030? What are the key drivers and restraints impacting the market? Which market segments will grow the most during the forecast period? How will the market shares of different regions and segments change by 2030? Who are the key players in the market and what is their future prospects?
Key attributes:
Report attribute details No. Number of pages 233 Forecast period 2023 – 2030 Estimated market value in 2023 (USD) 4.2 billion USD Predicted market value by 2030 (USD) 19.3 billion USD Average annual growth rate 24.4% Target region Worldwide
Main topics covered:
Market overview
Influencer Market Insights Global Market Trajectory World Economic Latest Sports Analysis – Market Share Percentages of Major Competitors in the World in 2024 (E) Competitive Market Presence – Strong for Players Worldwide in 2024 /Active/Niche/Ordinary (E)
Market trends and drivers
Increasing demand for data-driven decision-making and performance optimization is driving sports analytics market growth Growing focus on enhancing athlete performance, injury prevention, and team strategy is driving adoption of sports analytics AI, machine learning , Technological advances in predictive analytics drive market innovation The growing importance of fan engagement, digital media, and personalized content expands addressable market opportunities. The emergence of real-time, cloud-based, edge analytics platforms for sports data strengthens the business case. The increasing use of sports analytics in player scouting, recruitment, and talent management will accelerate market demand. Multi-sport and augmented reality (AR) analytics solutions drive market competitiveness Growth in sports analytics applications in esports, fantasy leagues, and sports betting drives market expansion Growth in sports analytics applications in broadcast media, sponsorship, and merchandising Accelerating market potential Transition to wearable technology, IoT sensors, and biomechanical analytics for real-time insights expand market opportunities Ethical AI, data governance, and emphasis on responsible analytics in sports create new opportunities
Focus on carefully selected players (23 players in total)
Accuscore Inc.BIRDIEFIRE LLCEvaluation SportsFootyStatsGlobal Sports AnalyticsGraploHypometer Technologies Pty Ltd.IBM CorporationIceberg Sports AnalyticsIntelliSports
For more information on this report, please visit https://www.researchandmarkets.com/r/viim9q.
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.
