Global Sports Analytics Market: Overview
The global sports analytics market has grown steadily over the years, owing to the sports league’s data driven decisions instead of intuitions. Sports analytics is becoming an integral part of most of the sporting events globally. This is because of the rising competition for winning over prospective sponsors and expanding fan base. The leading sports federations such as MLB and Manchester United are focused on making constructive decisions to upgrade overall performances. As per market analysts, sports analytics enhance analyzing and monitoring individual players and the overall teams as well.
An upcoming report on global sports analytics market by Transparency Market Research aims to present a thorough information by leveraging both primary and secondary research. It examines the factors promoting the growth of the market. The report would also highlight the competitive dynamics. This would enable key players to find out the opportunities and pitfalls in the global sports analytics market.
Global Sports Analytics Market: Key Trends
The growing demand for providing athletes with complete analogy and numerous performance indicators are projected to be driving the global sports analytics market. Keeping all track records of each player, managing individual performances, and developing effective game strategies are USPs predicted to boost the sports analytics market.
Increasing usage of smartphones and social media activities to getting all sports related information fuels the global sport analytics market. This is because of the sports data usually generates through social media sites in order to enhance fans experience. Sport analytics helps in predicting about the players or team who can succeed and also provides in-depth insights on the seasons of highest ticket selling. Such factors are widely believed to accelerate the growth in global sports analytics market.
Global Sports Analytics Market: Regional Outlook
Region wise, North America leads the global sports analytics market as the region is enriched with well key players and competitors. Adoption of sports analytics by teams such as NBA and MLB in this region to optimize revenues and enhance game performances is also believed to fuelling the sports analytics market in the region. Rising need of sports organizations to retain their fans is buoying the sports analytics market in the region. With the help of sports analytics, North American Prospects Hockey League (NAHL) engages fan to stay updated and thus raise their revenue opportunities.
Global Sports Analytics Market: Competitive Dynamics
The global sports analytics market is expanding due to the healthy competition among existing players. The key players are seen adopting growth strategies like joint ventures, collaboration, and partnerships.
Some of the prominent companies operating in the sports analytics market are SAS, SAP, IBM, STATS, TruMedia Networks, Zebra Technologies, Catapult, Sports Mechanics, Opta, and others. The report would provide thorough insight into their product offerings and marketing strategies. It would also present information on their market shares.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.