Sports Analytics Market set to grow by USD 4.23 billion from 2022 to 2027, Growing demand for mobile applications in sports drives the market - Technavio
NEW YORK, Sept. 15, 2023 /PRNewswire/ -- The Sports Analytics Market by type (Football, Cricket, Hockey, Tennis, and Others), solution (Player analysis, Team performance analysis, Health assessment, Fan engagement analysis, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the sports analytics market between 2022 and 2027 is USD 4.23 billion. Growing demand for mobile applications in sports is notably driving the growth of the market. Smartphones have numerous online apps that help to manage teams, view results, and schedule matches. To enhance team management activities, software market players are developing smartphone-compatible apps. Also, SAP offers software in the sports and entertainment categories. The mobile platform of the company for the sports industry promotes conversations between the teams involved as well as the review of player performance information between managers and players. For instance, SAP and the Women's Tennis Association engage in the development of innovative applications and technologies to entertain more fans, providing players with tools to analyze their performance and optimize their strategies while serving better communication. Consequently, the rising demand for mobile apps in sports is anticipated to fuel the growth of the market during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy full report here
System integration and interoperability issues are significant challenges hindering market growth.
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The sports analytics market is segmented by type (Football, Cricket, Hockey, Tennis, and Others), solution (Player analysis, Team performance analysis, Health assessment, Fan engagement analysis, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
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Key Companies in the Sports Analytics Market:
Blinkfire Analytics Inc., Catapult Group International Ltd., ChyronHego Corp., Deltatre SpA, ExlService Holdings Inc., Experfy Inc., International Business Machines Corp., iSportsAnalysis Ltd., Nielsen Holdings Plc, Oracle Corp., Qualitas Global Services B.V., Salesforce Inc., SAP SE, SAS Institute Inc., Sportcor, Sportradar AG, SportsSource Analytics, Stats Perform group of companies, TruMedia Networks Inc., and Zebra Technologies Corp.
The Sports Software Market size is estimated to grow at a CAGR of 16.36% between 2022 and 2027. The market size is forecast to increase by USD 8,659.57 million. This report extensively covers market segmentation by end-user (clubs, coaches, leagues, sports associations, and others), deployment (cloud-based and on-premises), and geography (North America, Europe, APAC, South America, and Middle East and Africa). One of the key factors driving the sports software market growth is the growing demand for sports analytics.
The Sports Technology Market size is estimated to increase by USD 29,950.64 million between 2022 and 2027 accelerating at a CAGR of 23.36% during the forecast period. This report extensively covers market segmentation by end-user (sports associations, clubs, and leagues), technology (artificial intelligence or machine learning, internet of things, and augmented reality or virtual reality), and geography (Europe, North America, APAC, South America, and Middle East and Africa). The rising number of sports technology events is the key factor driving the global sports technology market growth.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Solution
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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