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Sports Analytics Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Sports Analytics Market
1. Sports Analytics Market – Overview
The sports analytics market is expected to grow from USD 2.87 Billion in 2016 to USD 8.01 Billion by 2022, at a CAGR of 20.2% during the forecast period. The base year considered for the study is 2016, and the forecast period is from 2017 to 2022.

Growth in the sports analytics market is mainly driven by the increasing use of big data in sports and the growing popularity of sports analytics solutions among professional sports clubs, leagues, and governing bodies.

The sports analytics market is segmented on the basis of component, application, delivery model, organization size, end user, and region. On the basis of component, the market is segmented into software and services. The software segment is expected to grow at a higher CAGR during the forecast period. The services segment is further classified into professional services and managed services.

On the basis of application, the sports analytics market is segmented into player analysis, team analysis, fan engagement & marketing, and venue & event management. The player analysis application segment is expected to grow at the highest CAGR during the forecast period.

On the basis of delivery model, the sports analytics market is segmented into on-premises and on-demand. The on-demand segment is expected to grow at a higher CAGR during the forecast period.

On the basis of organization size, the sports analytics market is segmented into large enterprises and small & medium-sized enterprises (SMEs). The SMEs segment is expected to grow at a higher CAGR during the forecast period.

On the basis of end user, the sports analytics market is segmented into clubs & teams, media & broadcasters, and governing bodies. The clubs & teams segment is expected to grow at the highest CAGR during the forecast period.

On the basis of region, the sports analytics market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America. North America is expected to hold the largest market size in the sports analytics market during the forecast period.

Major players in the sports analytics

2. Sports Analytics Market – Drivers
The sports analytics market is expected to grow at a CAGR of 14.0% from 2019 to 2024. The key drivers of this market are the increasing adoption of big data analytics in sports and the growing focus on player performance analysis.

With the increasing popularity of big data analytics, sports organizations are now using data to gain insights into player performance, team strategy, and fan engagement. By analyzing data, sports teams can improve their on-field performance, better understand their fans, and make more informed decisions about player personnel and team strategy.

The growing focus on player performance analysis is another key driver of the sports analytics market. With the help of data analytics, coaches and scouts can better evaluate players, identify strengths and weaknesses, and make more informed decisions about who to sign and trade.

In addition, the increasing use of wearables and tracking devices is providing coaches and trainers with more data than ever before about player health and performance. This data is helping teams to optimize player training regimens, prevent injuries, and improve overall player health and wellness.

3. Sports Analytics Market – Restraints
The global sports analytics market is expected to grow at a CAGR of approximately 18.5% during the forecast period of 2020 to 2025. The major factors driving the growth of the market are the increasing adoption of sports analytics by professional clubs and leagues, and the growing focus on player performance and fan engagement. However, there are certain restraints that are expected to hinder the growth of the market.

One of the major restraints for the growth of the sports analytics market is the lack of awareness about the benefits of sports analytics among the coaches and players. Many coaches and players are still not aware of the advantages that sports analytics can offer in terms of player performance and fan engagement. As a result, they are not able to fully utilize the potential of sports analytics, which hampers the market growth.

Another restraint for the sports analytics market is the lack of standardization in data collection and analysis. There is no standardization in the way data is collected and analyzed by different sports analytics providers. This makes it difficult for the coaches and players to compare the data and make informed decisions. This is a major challenge for the growth of the sports analytics market.

Lastly, the high cost of sports analytics solutions is also a restraint for the market growth. The sports analytics solutions are generally expensive and require a lot of investment. This makes it difficult for small and medium enterprises to adopt these solutions, which hampers the market growth.

4. Sports Analytics Market – Opportunities
The sports analytics market is expected to grow at a compound annual growth rate of 28.1% from 2019 to 2024, according to a new report by MarketsandMarkets.

The report analyzes the sports analytics market by component (hardware, software, and services), application (player analysis, team analysis, and fan engagement), and geography (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

North America is expected to hold the largest market size in the sports analytics market due to the presence of major professional sports leagues in the region, such as the National Basketball Association (NBA), National Football League (NFL), and Major League Baseball (MLB).

The Asia Pacific region is expected to grow at the highest CAGR during the forecast period due to the growing popularity of cricket and football in countries such as India and China.

Some of the key players in the sports analytics market include IBM Corporation (US), SAP SE (Germany), Oracle Corporation (US), Tableau Software (US), TIBCO Software Inc. (US), Microsoft Corporation (US), AWS (US), SAS Institute Inc. (US), StatMuse (US), and Trumedia Networks (US).

5. Sports Analytics Market – Key Players
The sports analytics market is expected to grow from USD 2.87 Billion in 2016 to USD 10.92 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.2% during the forecast period. The major drivers of the sports analytics market are the need for efficient player scouting and analysis, increase in investments in sports, and growth in the adoption of Big Data analytics in sports. However, the lack of skilled labor is the major restraint for the sports analytics market.

The sports analytics market is segmented by solution, by service, by application, by deployment mode, by organization size, by sports type, by end user, and by geography. The solutions segment includesplayer tracking, video analysis, predictive analytics, and database management. The services segment includes professional services and managed services. The applications segment includes performance analysis, player scouting and recruitment, fan engagement and experience, and team management. The deployment modes segment includes on-premises and on-demand. The organization size segments include Large Enterprises and Small and Medium-sized Enterprises (SMEs). The sports type segments include team sports and individual sports. The team sports segment includes baseball, basketball, football, hockey, and soccer. The individual sports segment includes boxing, golf, motorsports, tennis, and others. The end users of the sports analytics market include clubs and leagues, broadcasters and media companies, and academia and research institutes.

North America is expected to hold the largest market size in the sports analytics market during the forecast period. The major growth factors for the sports analytics market in North America are the increase in investments in sports analytics, rise in the adoption of Big Data analytics in sports, and the presence of major players in the region. Moreover, the region has witnessed the growth of professional sports leagues, which has resulted in the increased demand for sports analytics solutions and services.

Some of the major players in the sports analytics market are IBM Corporation (US), Oracle Corporation (US), SAP SE (Germany), SAS Institute Inc. (US), Tableau Software (US), MicroStrategy Incorporated (US), Microsoft Corporation (US), TIBCO Software Inc. (US), Alteryx, Inc. (

6. Sports Analytics Market – Future Outlook
The sports analytics market is expected to grow at a CAGR of around 15.5% during the forecast period of 2020-2025. The major drivers for this market are the increasing use of analytics in the sports industry and the need for better player performance.

With the increasing popularity of sports, there is a growing demand for better player performance and efficient management of sports teams. Analytics helps in improving player performance by providing insights into their strengths and weaknesses. It also helps in efficient management of sports teams by providing insights into team dynamics and player interactions.

The sports analytics market is segmented by application, by component, by deployment type, by organization size, by vertical, and by geography.

The application segment of the sports analytics market includes player analysis, team analysis, fan analysis, and venue analysis.

The component segment of the sports analytics market includes software and services. The software segment is further sub-segmented into data management, performance analysis, and fan engagement. The services segment is further sub-segmented into professional services and managed services.

The deployment type segment of the sports analytics market includes on-premises and cloud.

The organization size segment of the sports analytics market includes small and medium-sized enterprises and large enterprises.

The vertical segment of the sports analytics market includes professional sports, collegiate sports, and amateur sports.

The geographic segments of the sports analytics market include North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

The major players in the sports analytics market are IBM Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Tableau Software, Microsoft Corporation, AWS, Splunk Inc., Google LLC, and Cloudera, Inc.

List of the Key Companies Profiled:

    • Oracle Corporation (U.S.)
    • WHOOP (U.S.)
    • SAP SE  (Germany)
    • Catapult (Australia)
    • IBM Corporation (U.S.)
    • SAS Institute Inc. (U.S.)
    • Sportradar AG (Switzerland)
    • Kitman Labs (Ireland)
    • Stats Perform (U.S.)
    • Orecco (Ireland)

REPORT SCOPE & SEGMENTATION

 

  ATTRIBUTE

 

 

DETAILS

 

 

Study Period

 

 

2018-2029

 

 

Base Year

 

 

2021

 

 

Estimated Year

 

 

2022

 

 

Forecast Period

 

 

2022-2029

 

 

Historical Period

 

 

2018-2020

 

 

Unit

 

 

Value (USD billion)

 

 

Segmentation

 

 

By Deployment, Type, Solution, Technology, End-user, and Region

 

 

By Deployment

 

 

    • Cloud
    • On-premises
 

By Type

 

 

    • On Field
        • Athlete Management

       

        • Performance Management

       

        • Personalized Coaching

       

        • Health Management

       

        • Sports Integrity Management

       

        • Others (Injury Risk Analysis and Others)

       

    • Off Field
        • Ticketing, Sponsorships, and Advertising

       

        • Fan Experience

       

        • Others (Betting and Others)

       

 

By Solution

 

 

    • Video Analytics
    • Bio Analytics
    • Smart Wearable Technology
    • Others (Synchronized Multi-Angle Replay Technology (SMART) and Others)
 

By Technology

 

 

    • AI
    • Big Data
    • Others
 

By End-user

 

 

    • Individual
    • Teams
 

By Region

 

 

    • North America (By Deployment, By Type, By Solution, By Technology, By End-user, and By Country)
        • U.S. (By Solution)

       

        • Canada (By Solution)

       

        • Mexico (By Solution)

       

    • South America (By Deployment, By Type, By Solution, By Technology, By End-user, and By Country)
        • Brazil (By Solution)

       

        • Argentina (By Solution)

       

        • Rest of South America

       

    • Europe (By Deployment, By Type, By Solution, By Technology, By End-user, and By Country)
        • U.K. (By Solution)

       

        • Germany (By Solution)

       

        • France (By Solution)

       

        • Italy (By Solution)

       

        • Spain (By Solution)

       

        • Russia (By Solution)

       

        • Benelux (By Solution)

       

        • Nordics (By Solution)

       

        • Rest of Europe

       

    • Middle East & Africa (By Deployment, By Type, By Solution, By Technology, By End-user, and By Country)
        • Turkey (By Solution)

       

        • Israel (By Solution)

       

        • GCC (By Solution)

       

        • South Africa (By Solution)

       

        • North Africa (By Solution)

       

        • Rest of Middle East & Africa

       

    • Asia Pacific (By Deployment, By Type, By Solution, By Technology, By End-user, and By Country)
    • China (By Solution)
    • India (By Solution)
    • Japan (By Solution)
    • South Korea (By Solution)
    • ASEAN (By Solution)
    • Oceania (By Solution)
    • Rest of Asia Pacific

 

 

By Type

 

 

    • On Field
        • Athlete Management

       

        • Performance Management

       

        • Personalized Coaching

       

        • Health Management

       

        • Sports Integrity Management

       

        • Others (Injury Risk Analysis and Others)

       

    • Off Field
        • Ticketing, Sponsorships, and Advertising

       

        • Fan Experience

       

        • Others (Betting and Others)

       

 

By Solution

 

 

    • Video Analytics
    • Bio Analytics
    • Smart Wearable Technology
    • Others (Synchronized Multi-Angle Replay Technology (SMART) and Others)
 

By Technology

 

 

    • AI
    • Big Data
    • Others
 

By End-user

 

 

    • Individual
    • Teams
    • Oracle Corporation (U.S.)
    • WHOOP (U.S.)
    • SAP SE  (Germany)
    • Catapult (Australia)
    • IBM Corporation (U.S.)
    • SAS Institute Inc. (U.S.)
    • Sportradar AG (Switzerland)
    • Kitman Labs (Ireland)
    • Stats Perform (U.S.)
    • Orecco (Ireland)

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