The latest report on Sports Analytics Market by Infinium Global Research gives complete coverage of the Sports Analytics Market by type (individual, and team sports), application (performance analytics, player and team valuation, player fitness and safety, fan engagement), deployment mode (on-premise, and cloud), component (solutions, and services) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Sports Analytics such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
Infinium Report evaluates the impact of COVID-19 on Sports Analytics market over the period of 2020-25
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The Growing Development of Social Media and Smartphones Led to the Expansion of the Sports Analytics Industry
Sports generate a huge amount of data that is used for tracking player information and gain a competitive advantage. Sports analytics offer an assessment of player fitness, team performance, social media, competitive analysis, and business analysis. It develops sophisticated structures for crunching numbers that predict prior results, opponent history, and win-loss records. Additionally, it determines the outcome of a future sporting event.
The growing development of social media and smartphones led to the expansion of the sports analytics market. Data generated from social media has changed the way many industries approach marketing. Online engagement has a major impact on the way fans interact with athletes and sporting organizations. The surge in investment in sports technology for data-driven decisions drive the growth of the sports analytics market. According to a survey by global technology leadership, more than 60 percent of major sports leagues invest 2 percent to 7 percent of their revenues on sports technology. Furthermore, the need for team performance improvement is one of the major contributors to the growth of the sports analytics market. In 2018, Agile Sports Analytics, LLC launched the Agile Sports Analytics application. The app defines the roles, events, processes, and tools that teams need to determine the player value and reach team goals. The app is helpful for teams to leverage the increase in spatial data.
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Advanced algorithms are used to analyze player performance. The development of the sports analytics market is attributed to the rising demand for tracking and monitoring data of players. In addition, the rise in the number of wearable devices in the sports industry contributes to the growth of the sports analytics market. Data generated in sports is used to gain insights into player performance and fitness variables such as acceleration, speed, and heartbeat. The growing use of analytical tools in sports stimulates the fantasy gaming industry. On the flip side, the lack of awareness about the advantages of sports analytics solutions hampers the growth of the sports analytics market. Moreover, the development of artificial intelligence creates numerous opportunities in the global sports analytics market.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Sports Analytics.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.