Uploaded on Dec 29, 2020
The sports analytics market has received incredible growth over the years. It is used in many sports today. Along with the dependence on data, competition in the market is also increasing. Read our study on the sports analytics market.
A Comprehensive study of Sports Analytics Market
A COMPREHENSIVE
STUDY OF SPORTS
ANALYTICS MARKET
https://datasportsgroup.com/
First and foremost, the study calls for understanding the sports market itself. The market is
segmented first on the basis of sports thereafter geographically across continent for better
comparison.
The Sports Analytics Market was valued at USD 720 million in 2019 and will grow with a CAGR of
30% and reach USD 3.51 billion in a short span of five years, 2025.
THE GROWTH FACTOR
The predominant factor for growth is the growing dependence on data which provides an edge
over competition, to those who have the caliber to harness the knowledge to their benefit. Many
coaches and franchises are reliant on such processed data which is made fit for consumption.
Such heavy reliance on data has spearheaded the growth of the Sports Analytics Industry. Using
the data driven insights for player selection, devising pregame and post-game strategy, and roster.
A solid database helps devise a model for predictions thus helping us predict future outcome of
matches as well.
Today, such analytics is used across
many sports like football, basketball,
baseball and more. Where machines are
trained to assimilate real time
information of anything and everything
associated to the match. Building a
reliable database of information like,
speed, ratings, score, among other
relevant information. The next step in
compiling the data of previous matches
which can be used to study strategy
over a period of time, the quantifiable
data makes it possible for coaches and
teams to build a strategy and even test
it as well. The vast capabilities of data
have contributed significantly towards
the growth of the industry in the world.
The technological advancements have served as a reliable source of data for such analysis making
sure we have ample amount of data on the player, and the team to build a model on, even the
wearable devices and health assessment solutions have helped in data creation.
The steady stream of data automatically generates the need for quality data analyst who can
derive relevant information from the noise and feed that forward.
MARKET TREND
According to the current market trend among the sports segment football has the highest share in
the sports analytics industry. The credit for it goes to the growing interest in football across the
world. The sports aficionados have a special place in their heart for leagues like UEFA Champions
League, MLS, English Premier League, Bundesliga and more.
The In-person attendance and online viewership of football games continue to grow even today. For
example, the Bundesliga League of Germany in 2019 reported 42.7 thousand spectators.
The popularity of sports has driven up competition in such leagues and thus ultimately the need for
Sports Analytics. Many teams and clubs today have partnered with specific sports data providers, to
provide data on all the players at once even if they possessed the ball or not. Thus, making sure their
strategy is full proof and minimize the chances of failure.
REGIONAL TREND
Till now the study has been more sports focused while comparing the regional stats the market
adaptability, and technological adoption rate points us towards North America region which has
been at the forefront for sports market analysis. The low cost, scalable, easy solution of Cloud based
solutions are what the organization are focused on. Leagues are heavily dependent on sports
analytics solution for squad selection while other sports like Ice Hockey have also joined the
revolutionary path.
FUTURE PROSPECTS
While Sports Analytics Industry
currently in its baby stage the future
prospects of the industry has led to a
lateral development of
fantasy gaming industry as well where
the data so generated for strategy
making in the real world, has an
alternative use for running fantasy
games like fantasy football, fantasy
basketball, and fantasy cricket. The real
time stats generated are fed in the game
which uses real time data to run. The
growth of both these industries go hand
in hand with one boosting the other
forward and driving the market.
The growth potential in the Sports Analytics Market has paved the way for
sports data providers like Data Sports Group, who are evolving with time to provide
sports data of 35 different sports and synthesis it in the form of APIs to make it
consumable. They are able to provide quality rich data which can be used further
either by Sports Website or Apps to power their data driven applications. DSG’s APIs
are noteworthy in their field, providing a complete package of services to engage more
audience. Their wide coverage places them among the best of the data providers out
there.
CONTACT US
Emai [email protected]
Phone - +1 (704) 964-6859
Address - 2600 Kinmere Dr
City – Gastonia
State - North Carolina
PIN – 28056
Country - USA
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