Global Sports Analytics Market Report 2022 to 2029: North America, Closely Followed by Asia Pacific, Leads the Market – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Sports Analytics Market – Global Industry Analysis (2019 – 2021) – Growth Trends and Market Forecast (2022 – 2029)” report has been added to ResearchAndMarkets.com’s offering.

Rocketing investments in sports industry, and growing rate digitalization of sporting businesses are likely to contribute largely toward the growth of sports analytics market.

An increasing rate of organization of sporting leagues, and tournaments in addition to the aggressively growing levels of awareness about the importance of real-time on-field and off-field data will predominantly encourage adoption of sports analytics technology.

A recently released report of the analyst provides detailed growth analysis and forecast of the market. Up from the revenue of around US$1.4 Billion attained in 2019, global sports analytics market is anticipated to reach beyond US$15.8 Billion toward the end of 2029.

Growing consideration of analytical tools as an effective tool to create improved nutrition plans for individual players and teams is expected to fuel the scope of growth for sports analytics market. The technology also potentially aids in better monitoring of ticket sales, which further accelerates adoption. With a greater number of sportsmen, and coaches showcasing dependence on analytical tools to be able to better scout their opponent teams, sports analytics market is likely to be on an uptrend. Moreover, an increasing number of players, coaches, sports clubs, and other participants realizing the significance of data analytics for tracking sports injuries will keep the market buoyant.

Key Insights and Trends Across Global Sports Analytics Market

• Sports analytics market will exhibit a staggering CAGR of 25.9% during 2022 – 2029
• North America, and Asia Pacific hold a collective revenue share of more than half the overall market valuation
• Application of sports analytics technology will be the maximum for performance analysis, accounting for over a fourth of the total market valuation
• A sizeable number of sports managers showcasing interest in using real-time data to remain informed regarding the athletic performance, and all the possible gaming strategies indicates a massive opportunity in the sports analytics market
• Growing attention from fans, as well as betting companies is also expected to drive market growth to a significant extent

Application for Performance Analysis Generates the Maximum Revenue in Sports Analytics Market

Application-wise analysis of the market reveals that adoption of sports analytics will be the maximum for performance analysis, which would continue to capture more than 25% share in the market value through 2029 end. The report highlights player fitness and safety as the next most lucrative application category, followed by broadcast management.

Based on the market analysis by team sports, football continues to be the top revenue generator with nearly 25% market share. Cricket, and basketball may however emerge as more profitable segments in the market over the next few years, suggests the report. On the other hand, based on the mode of deployment, cloud-based deployment will continue to be the most preferred one, with over 80% market share throughout the period of assessment.

North America, Closely Followed by Asia Pacific, Leads Sports Analytics Market

North America currently holds a market share of more than 26% and will most likely retain the top spot in sports analytics market. Rampant AI penetration across the region’s sports industry, and rising inclination toward using video technologies to draw desired analytical data will offer a collective push to the market in North America.

The US houses some of the world’s most renowned sports organizations, which also remains a strong factor favoring the growth of sports analytics market in North America. Asia Pacific will closely trail North America to exhibit an estimated double-digit CAGR in sports analytics market over 2022 – 2029.

Key Market Players

Besides IBM, HCL, and Salesforce, the global sports analytics market report has covered several prominent players that drive the competition landscape of the market. GlobalStep, SAS Institute, EXL, Catapult, TruMedia Network, ChyronHego, DataArt, Orreco, Quant4Sport, Zebra Technologies, Stats Perform, and Exasol constitute some of the key players that are considered for detailed strategic profiling and analysis.

For more information about this report visit https://www.researchandmarkets.com/r/2cmq7r

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