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(IT-NEWSWIRE.COM, March 19, 2018 ) Global Sports Analytics Market and Regional Market Size, Status and Forecast to 2025
The Global Sports Analytics Market was valued at USD 135.23 million in 2016 and is projected to reach USD 2,432.30 million by 2025, growing at a CAGR of 37.86% from 2017 to 2025.
Through the collection and analysis of these data, sports analytics inform players, coaches and other staff in order to facilitate decision making both during and prior to sporting events. Sports analytics provides functionalities that include “player personnel evaluation, athletic performance forecasting, statistical analysis of in-game activity, integration of big data, and data interpretation.
The key players providing the above mentioned sports analytics solutions include IBM, SAP, SAS, TruMedia Network, STATS LLC, Prozone, Opta, and others.
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North America has the highest integration of sports analytics systems, owing to early incorporation and higher revenues associated with the sports industry in the region. Their usage is also driven by the fact that the teams in the region are high value organizations, with huge investments. This requires them to have a regulated business operations based on robust insight, which is provided by the sports analytics systems.
The North American market is extremely mature. However, the market is expected to witness further growth, due to the increasing incorporation of technology and low penetration in certain sports. In North America, the majority of the teams in Major League Baseball and National Basketball Association are employing these systems, and there remains a substantial market to be tapped in other sports, such as the national football and hockey leagues. The competition for user attention among various sports is pushing different sports leagues to incorporate technology that has advanced features and include fan engagement systems, thus creating a demand for the sports analytics systems.
Access More Details at http://www.kminsights.com/reports/global-sports-analytics-market--by-deployment-model--cloud-based--on-premise---component--solution--services---application--data-interpretation-and-analysis--player-analysis--team-performance-analysis--video-analysis--fan-engagement--health-assessment---and-regional-market-size--status-and-forecast-to-2025-171623
The market for sports analytics in football held a significant share, owing to an increasing attendance for football leagues such as UEFA Champions league, MSL, EPL, ISL and growing fan-base, media and sponsors engagement. Many elite clubs view analytics as football’s next frontier. The emerging markets in Asia-Pacific are expected to contribute greatly to the analytics in the football for upcoming leagues such as Indian Super League (ISL), Australian Football League and the Chinese super league. All in all, the rising competitive nature, need for improved decision making to gain an edge over their competitors, need for strategy implementation for matches as well as ticket inventory and social media influence are expected to boost the adoption of analytics in these markets.
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