Global Sports Analytics Market to Reach an Overall Valuation of US$15.5 Billon by End of 2023
October 12, 2017 --
The study report maps the global market for sport player tracking and analytics in terms of the latest trends that are currently prevailing in the market, driving and restraining factors of the global market, and the possible opportunities that may arise in the market over the course of the given forecast period. The study report also provide an in-depth evaluation of the current dynamics of the global sports player tracking and analytics market and talks about the overall competitive landscape of the market. The research report is the result of the data gathered through comprehensive assessment of the market and the information collected from the experts in the industry. The study report also provides crucial information on the prominent players that are presently plying their trade in the global sports player tracking and analytics market. The report also cover the overall prospects of growth of the global market during the course of the mentioned forecast period of 2017 to 2023.
Sports analytics market are in a position to achieve a considerable growth across the globe as the players and coaches take advantage of the data collected from the sensor. Sports teams enjoy a considerable competitive advantage by making use of the analytics services effectively.
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The global sports analytics market stood at overall valuation of US$0.7644 bn in the year 2016. This valuation is expected to reach a figure of US$15.5 bn by the end of the given forecast period in 2023.
Smartphone and tablet communication systems make the information collected during training more available and cogent and is helping to revolutionize sports management across the globe. Video capacity has been expanded with the help of analytics the offers automated capture of an outstanding player and key team play events. Information services take advantage of automated processes to make more use of analytics for fans of the sport and enhance their enjoyment and overall experience of the sport.
The global sport player tracking and analytics market is chiefly driven by the amount of data it provides and ease with which it is utilized by teams, fans, and players alike. Fantasy sports heavily uses analytics system to create fantasy leagues. Fantasy players across the globe access the statistics of the players to improve their game, scout for a new player, discover a player with unusual talent and also evaluate players’ competitive temperament. With the increasing popularity of fantasy sport and leagues, it is expected to drive the overall development of the global sports player tracking and analytics market in the coming years. In addition to this, the team uses the real time data on and off the pitch to analyze and improve their winning percentages and cut down the cost of paying wages to the players. It is also helping to drive the global market as more and more teams are heavily relying on data collected through sport analytics to build a strong side without a very high payroll. Also, sports analytics is becoming a perfect model for predictive decision making in sport business. Analytics is finding its application in organizing, managing, and rebuilding teams according to the vast amount of data collected during the time of play.
Some of the key players in the global sports player tracking and analytics market include names such as Opta, Prozone, Formula 1, TruMedia, Sportsvision, Perform, and Sportradar AG among others.
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