The report presents an exhaustive assessment of this market, underlining the trending factors, driving forces, limitations, challenges, and opportunities. The research report, titled “Global Sports Analytics Market 2017-2021,” emphasizes especially on the historical and the current performance of this market in a bid to determine its future status.
According to the report, the increased uptake of SaaS-based sports software is anticipated to boost the global sports analytics market in the years to come. The market is expected to report an exponential CAGR of 56.66% between 2017 and 2021, notes the study.
In this study, the global market for sports analytics has been thoroughly assessed on the basis of the sport, the type of sport, and the geography. Based on the sport, the market has been classified into soccer, hockey, cricket, baseball, tennis, and basketball. The soccer segment held the lion’s share in this market in 2016. Thanks to the increasing popularity and the escalating viewership of the domestic leagues, this segment is anticipated to continue on the top over the forthcoming years, notes the study.
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Based on the type of sport, the market has been categorized into team sports and individual sports. Hitherto, the team sports segment has held the dominant position on the grounds of high viewership that results into a soaring revenue. Over the coming years, the scenario will remain so, says an analyst at ResearchMoz.
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Geographically, the report has bifurcated this market into Asia Pacific (APAC), Europe, the Middle East, and Africa (EMEA), and the Americas. Among these, EMEA has surfaced as the leading revenue contributor to the global market and is projected to continue being so over the forecast period.
As per the study, the global market for sports analytics demonstrates a highly competitive business structure, thanks to the presence of established vendors in a large number. These players are investing heavily in researching, planning, and developing analytic instruments in line with the demand from the consumers. Constant innovations, technological advancements in existing products, and creativity are playing the key role in driving the growth of this market.
SAP, Oracle, IBM, and SAS Institute are the leading vendors of sports analytics solutions across the world. The report recommends these vendors to focus on developing new technologies and keep on upgrading their products to sustain in this competitive environment.
Blue Star Sports, TeamSnap, F3M Information Systems, EDGE10, Football Raters, Opta, Jonas Club Software, Sport:80, Sportlyzer, SportEasy SAS, Sports Insight Technologies, STATS, SportsManager Solutions, and TruMedia Networks are some of the other prominent players in this market, states the research report.
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