Feb. 14, 2020, 4:44 a.m. EST

Sports Analytics Market Share, Global Size - 2020 Valuable Industry Status by Trend Analysis, Growth Status, Revenue Expectation to 2024 | Industry Research.co

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Feb 14, 2020 (The Expresswire) -- Sports Analytics Market research study contains size, share analysis based on the Top leading key players like IBM Corporation, SAP SE, SAS Institute Inc., Opta Sports, Trumedia Networks, Oracle Corporation, Tableau Software Inc., Stats LLC, Catapult Group International Ltd, Sportsradar AG

The “ Sports Analytics ” Market trend analysis report 2019 delivers detailed profiles of key players with the latest investigation and highlights the rising opportunities and difficulties looked by Sports Analytics market size analysis. The report examines the market status depending upon its CAGR, latest trends, market dynamics, growth rate, opportunities and forecast details. The significant study for Sports Analytics market share includes the manufacturers in the industry, including market stakeholders, distributors, suppliers, and investors, and it can also help them understand applicable strategies to grow in the Sports Analytics market.

Sports Analytics Market Report Covers the Manufacturers:

  • IBM Corporation

  • SAP SE

  • SAS Institute Inc.

  • Opta Sports

  • Trumedia Networks

  • Oracle Corporation

  • Tableau Software Inc.

  • Stats LLC

  • Catapult Group International Ltd

  • Sportsradar AG

Get a Sample Copy of the Report - https://www.industryresearch.co/enquiry/request-sample/14244485

Market Overview:

  • The Sports Analytics Market was valued at USD 0.78 billion in 2019 and is expected to reach USD 3.07 billion by 2024, registering a CAGR of 32.2% over the forecast period of 2019-2024. With the expansion and shift in the sports industry towards a more business and IT-oriented approach, the adoption of sports analytics has increased. Sports analytics offer tools to assess player fitness and team performance, competitive analysis, and business and social media analytics. It has led to the development of sophisticated structures for crunching numbers to predict results, win-loss records, and opponent history to determine the outcome of a future sporting event.

  • - The adoption of sport analytics tools has been fairly moderate in some regions, growing user awareness about the competitive advantage provided by these systems is expected to drive market growth over and beyond the forecast period. A case in point is the use of SlamTracker by every major tennis grand slam tournament to provide the players' insight to its fan base.

  • - Exponential increase in the volume of social media users has been a major driver for the market’s growth. According to a research study, about 80% of sports fans use social media sites while watching games and more than 60% do so while watching live events. This leads to the generation of large volumes of data pertaining to sports in particular, which further buoys the need for analytics to mine this data and gain meaningful insight.

  • - The high upfront costs required for employing the sports analytics systems is the major factor hindering the growth of the market. This factor is observed to have a greater impact on sports or teams with less revenue, creating a challenge for the sports analytics market, with regard to its incorporation in small-scale or regional teams and associations.

  • - Major social media platforms, such as Facebook, Instagram, and Twitter, have opened up new avenues for businesses and consumers, as well as they allow sports enthusiasts across the world to interact and share views on a common platform, further easing the process of data collection for analytics. For example, According to SocialBakers, Manchester United achieved 26,938 interactions per 1,000 Instagram fans in the 2016-2017 season, as compared to 4,229 interactions per 1,000 Facebook fans.

Scope of the Report:

  • Sports analytics helps business organizations in searching for an innovative technology in sports, offers various solutions for leading business models to organize and manage teams. Sports analytics is used in identifying, modeling, understanding and predicting sports trends and outcomes while aiding sports management in understanding where sportperson can improve.

Reasons for Buying Sports Analytics Market Report:

  • This report provides pin-point analysis for changing competitive dynamics

  • It provides a forward-looking perspective on different factors driving or restraining Sports Analytics market growth rate.

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