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Technavio: Sports Analytics Industry Gets a Free Kick with FIFA World Cup 2018

July 15, 2018

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)

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.

Read:

Top 3 Strikers in the Sports Analytics Market

According to our expert research analysts

High 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.

Looking for more information on this market?

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market sizing Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors

Competitive scenario

About Technavio

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.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180715005023/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ENTERTAINMENT SOCCER TECHNOLOGY DATA MANAGEMENT GENERAL ENTERTAINMENT GENERAL SPORTS SPORTS

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 07/15/2018 07:03 AM/DISC: 07/15/2018 07:03 AM

http://www.businesswire.com/news/home/20180715005023/en

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