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Global $4.5 Billion Sports Analytics Market Forecasts up to 2024 - ResearchAndMarkets.com

December 5, 2018

DUBLIN--(BUSINESS WIRE)--Dec 5, 2018--The “Sports Analytics Market Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.

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.

Market Dynamics

Drivers

Increasing digital platforms Enhancing viewers experience Increasing demand for real time data analytics within sports organization

Restraints

Lack of data scientist Traditional culture of many teams

Opportunities

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

6 Components

7 Applications

8 Regions

9 Vendor Profiles

IBM Corporation SAP SAS

10 Other Prominent Vendors

STATS Opta TruMedia Networks Catapult Zebra Technologies Sports Mechanics

For more information about this report visit https://www.researchandmarkets.com/research/wlpbw8/global_4_5?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181205005823/en/

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Related Topics:Sporting Goods and Equipment

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE GENERAL SPORTS SPORTS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/05/2018 03:55 PM/DISC: 12/05/2018 03:55 PM

http://www.businesswire.com/news/home/20181205005823/en

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