Global Sports Analytics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

The Sports Analytics Market report has been segmented on the basis of deployment, application, and region.

Global Sports Analytics Market: Overview

“The Sports Analytics Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Sports analytics solution offers tools to assess relevant and historical data such as fitness and team performance of player that help organizations as well as player to analyses and improve their performance in future.

Global Sports Analytics Market: Dynamics

Rising preference for an IT-aligned approach across the sports industry, owing to the increasing need to extract real-time actionable insights is a key factor expected to drive the growth of the global market over the forecast period.

In addition, increasing technological development such as improvements in recording devices regarding resolution, visual clarity, and noise cancellation along with an increasing number of frames captured per second enables smooth functioning used in sports analytics. This factor is expected to further fuel the growth of the target market over the forecast period.

Moreover, increasing preference for the adoption of big data and artificial intelligence for sports analytics is another factor expected to boost the growth of the target market over the forecast period.

Furthermore, increasing demand for sports analytics by management executives, coaches, and mentors in order to access real-time relevant information is another factor expected to support the growth of this market over the forecast period.

However, the lack of a skilled workforce including data scientists, the need for high research and development activities, and limited funding are some major factors expected to restrain the growth of the global market over the forecast period.

An ongoing trend observed in the target market is the increasing use of the Internet of Things (IoT) coupled with sports analytics solutions that enables the audience to get sophisticated data on player and team performance.

This trend is expected to support the growth of the target market over the forecast period.

The rising adoption of cloud-based solutions for analytics of complex data is expected to create potential revenue opportunities for players operating in the target market over the forecast period.

Global Sports Analytics Market: Segment Analysis

Among the deployment segments, the cloud segment is expected to dominate in the global market in terms of revenue over the forecast period.

Among the application segments, the team performance analysis segment is expected to register a significant market share in the target market over the forecast period, owing to rising demand for analyzing player and team performance data.

Global Sports Analytics Market: Regional Analysis

The market in North America is expected to dominate the global market in terms of revenue over the forecast period, owing to the high adoption rate of sports analytics due to increasing baseball and basketball leagues across various countries in the region.

The market in Europe is expected to register significant market share over the forecast period, owing to increasing investment in fitness and performance analytics, and business intelligence across various countries in the region.

The markets in the Asia Pacific and the Middle East are expected to create lucrative opportunities for players operating in the target market, owing to rising investments in sports by public and private organizations and an increasing number of leagues across various countries in these regions.

Global Sports Analytics Market Segmentation:

Segmentation by deployment:

• Cloud
• On-premise

Segmentation by application:

• Player Analysis
• Team Performance Analysis
• Health Assessment
• Video Analysis
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa