The global sports analytics market is expected to reach at a revenue of $4.5 billion by 2024, growing at a CAGR of 43.5% during the forecast period.
The growing demand for providing athletes with detailed analogy with various performance indicators, enhancing fans experience by leveraging data generated through social media and smartphones, and optimizing revenues through ticket pricing are some of the key drivers that are expected to boost the growth of the sports analytics market during the forecast period.
In most of the sectors, analytics is transforming industries completely and changing the aspect of consumer experience by providing them the offerings which they expect for. Sports organizations and leagues utilizes analytics for data driven decisions, rather than based on gut feelings and intuitions.
Sports analytics is rapidly becoming an integral component for most of the global sporting events, with leading sports federations such as UEFA and NFL and organizations such as MLB and Manchester United using sports analytics solutions to enhance constructive engagement with their prospective sponsors and to expand their fan base.
Sports analytics can be used to monitor and analyze individual players as well as overall teams, thereby enabling team managers and support staff to make constructive decisions to enhance overall performances. Sports analytics by using predictive models, predicts about the team or players who can succeed and in which season there will be highest tickets sold, and what can boost the fan experience.
- Increasing digital platforms
- Enhancing viewers experience
- Increasing demand for real time data analytics within sports organization
- Lack of data scientist
- Traditional culture of many teams
- Adoption of wearable technology for monitoring and tracking
Key Topics Covered:
1 Industry Outlook
2 Report Outline
3 Market Snapshot
4 Market Outlook
5 Market Characteristics
9 Vendor Profiles
- IBM Corporation
10 Other Prominent Vendors
- TruMedia Networks
- Zebra Technologies
- Sports Mechanics
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