Sports Analytics Market witnessed USD 2,300 million in 2020, growing at a robust CAGR of 22% during forecast period.

Introduction of the Sports Analytics Market Report

Sports analytics is the method of directing statistical and mathematical principles to sports and related secondary activities. Though there are several aspects and urgencies particular to the industry, sports analysts use the same fundamental methods and approach as any other kind of data. Analytics helps in the better arrangement of fixtures from the ticket counter to stadium parking to fields which has certainly pushed the growth of the market.

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Market Dynamic

Key Drivers and Emerging Trends

A substantial increase in approval of wearable equipment by athletes across the globe is set to surge the expansion of the sports analytics market. The major adoption of wearable devices in sports activities is expected to play a significant role in influencing the expansion of sports technology. In addition, wearable devices allow to understand the players’ injury status and track the coaches and physiotherapists to reduce the pain. Furthermore, numerous wearable products based on fitness, such as fitness bands, smartwatches, and fitness patches, have gained unprecedented popularity and boosted the sports analytics market. Further, the potential of wearable connected devices offers in-depth insights into data-driven analysis, which enables business owners to develop effective policies and adopt practices among athletes that avoid fatigue or exhaustion. In addition, in 2017, the U.S. Open Championship at Erin Hills, United States Golf Association (USGA) used cognitive and analytics machinery to customize the fan understanding by assembling and analysing data at the event, which has helped the market is gaining traction and hype popularity across the globe.

As stated by the European Club Association (ECA), football clubs in Europe had to face a loss of around USD 4.5 billion in revenue generation due to the outbreak of the COVID-19. Hence, the teams are on the verge now reducing other budgets, such as players spending and on technology. As a result, the market’s overall revenues for sports analytics dropped by 1.4% in 2020. However, the market is anticipated to show signs of recovery in 2021 as tournaments have restarted and crowds are allowed to attend these events in some parts of the world.

Restraint in the Sports Analytics Market

However, the high price tag associated with the maintenance of the devices and trackers is a significant factor that is likely to hamper the market’s overall growth.

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Component – Segment Analysis

Based on the component, the software is expected to grow at a higher CAGR in the market over the forecast period. The growth of the software segment is due to the rising adoption of cloud-based technologies in the sports industry. The software helps inconvenient access for all, saves time with a better-organized structure. In 2020 Catapult, officially launched updated baseball analytics suite, which has driven the segmental growth.

Sports – Segment Analysis

Based on sports, football is likely to grow at a higher CAGR in the market over the forecast period. The progress can be ascribed to the huge popularity of football across the globe, especially in European countries, such as Spain, Germany, and the U.K. Players participating in foremost football leagues such as the Premier League, UEFA Champions Leagues, and Bundesliga are using analytical data for deciding their player line-ups and game strategies. Implementing analytics in football can help in obtaining comprehensive insights on players’ acceleration, performance, passing trends, and the total of touch-down passes, among others.

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Regional – Segment Analysis:

Based on the regional coverage, Europe is anticipated to grow at a higher CAGR in the market over the forecast period. Europe is home to numerous football leagues and most of these leagues have implemented advancement in technology in different outcomes. Innovative stadium technology is obtaining considerable traction in Europe; like for instance, the Wanda Metropolitan Stadium of Club Atlético de Madrid is one the technologically sound stadiums in the region. The whole stadium consists of more than 6000 network outlets, 1500 Wi-Fi points, and the viewers can track the parking spaces and their seats from the mobile app itself. They can use their smart devices and access to the cloud and watch the live video of the match then and there itself on their phone only, leading to the expansion of the market in the region.

Top Market Players

Various notable players operating in the market, include, Agile Sports Analytics, LLC, Catapult, ChyronHego Corporation, Deltatre, Experfy Inc., Genius Sports Group, IBM Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., among others. 

Key Developments:

• • In 2020, Sportsradar AG announced a partnership with Badminton Europe, for organizing tournaments which has helped the sports analytics market, in the fixture of the leagues.

Segments covered in the Report:

The global sports analytics market has been segmented on the basis of component, type, sports, and regions. Based on component, the market is segmented into service, and software. Based on type, the market is segmented into on-field, and off-field. Based on sports, the market is segmented into football, cricket, baseball, basketball, rugby, and others. 

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Key questions answered in this research report:

• • At what pace is global sports analytics market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in sports analytics market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global sports analytics market?
  • Which component generated maximum revenues in 2019 and identify the most promising component during the forecast period?
  • What are the various type areas of global sports analytics market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Sports Analytics Market by Component

• • Service
  • Software

Global Sports Analytics Market by Type

• • On-field
  • Off-field

Global Sports Analytics Market by Sports

• • Football
  • Cricket
  • Baseball
  • Basketball
  • Rugby
  • Others

Global Sports Analytics Market by Region

• • North America Sports Analytics Market (Option 1: As a part of the free 25% customization)
    • North America Sports Analytics Market by Component
    • North America Sports Analytics Market by Type
    • North America Sports Analytics Market by Sports
    • US Sports Analytics Market All-Up
    • Canada Sports Analytics Market All-Up
  • Europe Sports Analytics Market (Option 2: As a part of the free 25% customization)
    • Europe Sports Analytics Market by Component
    • Europe Sports Analytics Market by Type
    • Europe Sports Analytics Market by Sports
    • UK Sports Analytics Market All-Up
    • Germany Sports Analytics Market All-Up
    • France Sports Analytics Market All-Up
    • Spain Sports Analytics Market All-Up
    • Rest of Europe Sports Analytics Market All-Up
  • Asia-Pacific Sports Analytics Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Sports Analytics Market by Component
    • Asia-Pacific Sports Analytics Market by Type
    • Asia-Pacific Sports Analytics Market by Sports
    • China Sports Analytics Market All-Up
    • India Sports Analytics Market All-Up
    • Japan Sports Analytics Market All-Up
    • Rest of APAC Sports Analytics Market All-Up
  • RoW Sports Analytics Market (Option 4: As a part of the free 25% customization)
    • RoW Sports Analytics Market by Component
    • RoW Sports Analytics Market by Type
    • RoW Sports Analytics Market by Sports
    • Brazil Sports Analytics Market All-Up
    • South Africa Sports Analytics Market All-Up
    • Saudi Arabia Sports Analytics Market All-Up
    • UAE Sports Analytics Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Sports Analytics Market All-Up

Major Players Operating in the Sports Analytics (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Agile Sports Analytics, LLC
  • Catapult
  • ChyronHego Corporation
  • Deltatre
  • Experfy Inc.
  • Genius Sports Group
  • IBM Corporation
  • Oracle Corporation
  • SAP SE
  • SAS Institute Inc.