Technavio: Sports Analytics Industry Gets a Free Kick with FIFA World Cup 2018
Jul. 15, 2018
LONDON--(BUSINESS WIRE)--Jul 15, 2018--So who gets to take home the Golden Trophy? Will France recreate the magic of 1998, or are Croatians going to celebrate victory? As the World Cup fever grips across the globe, sports analytics has clearly emerged as the 12 th man in the game. Apart from witnessing many “firsts”, the World Cup 2018 has also witnessed the loosening of cultural resistance to soccer analytics. In fact, report on media and entertainment services predicts sports analytics to play a major role in deciding the outcome of the game.
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Technavio’s report on the global sports analytics market identifies adoption of Big Data and SaaS-based sports software to be major growth drivers in this industry. (Graphic: Business Wire)
Sports Analytics: An in-swinger for FIFA 2018
Technavio’s report on the identifies adoption of Big Data and SaaS-based sports software to be major growth drivers in this industry. With a whopping CAGR of 57% in the next three years, the sports analytics industry has already attracted several investors. Just like in FIFA World Cup 2018, the competitive spirit is very high in this industry as well, as vendors design and launch various analysis tools based on demand. Innovation leaders in this market space include some of the biggest names such as IBM, Oracle, SAP, and SAS Institute.
The report says along with the outcome of the game, it is the strategy which goes into building the dream team is what makes sports analytics so popular. This explains why the EMEA region, dominated by five prominent soccer leagues, will emerge as the biggest revenue contributor to the sports analytics market by 2021. In 2016 alone, the global sports analytics market for soccer was valued at USD 211.07 million.
Top 3 Strikers in the Sports Analytics Market
According to our expert research analystsHigh demand for mobile applications in sports Increased adoption of wearable technology Entry of analytics in sports software market
are the three trends which will have a major influence on the global sports analytics market.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE: Technavio Research
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PUB: 07/15/2018 07:03 AM/DISC: 07/15/2018 07:03 AM