Sports analytics refers to an analysis of historical and relevant sports data of players, their performance, and other relevant sports data. By analyzing sports data, sports analytics software provides numerous notifications to coaches, players, and other related staff. These notifications include injury indicators, players’ performance, recovery strategies, sports-related activities, and several others which further helps in making a better decision before and during the sports event. Sports analytics software provides a competitive benefit to an individual or a team.
The global market for the Sports Analytics Software is anticipated to develop at a compound annual growth rate (CAGR) of 22.9% throughout the course of the forecast, to reach $12.25 billion by 2030.
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"The Global Sports Analytics Software Market 2020-2030 (USD Billion)")
The global sports analytics software market size is anticipated to reach over USD 5 billion By 2025. This can be attributed to the growing need to enhance players' performance is driving the market growth. Also, the rising investments in sports technology are fuelling the global sports analytics software market growth.
However, the budget constraints for many sports organizations are expected to hamper the market growth. Furthermore, the integration of ML and AI technologies is anticipated to be opportunistic for the market in the forthcoming years.
Sports Analytics Software Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | $12.25 billion |
| Growth Rate | CAGR of 22.9 % during 2020-2030 |
| Segment Covered | Based on Component, Based on Sports, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Oracle Corporation, Catapult, ChyronHego Corporation, Sportradar AG, IBM Corporation, SAP SE, Experfy Inc., Deltatre, SAS Institute Inc, Agile Sports Analytics, LLC, Genius Sports Group, Stats Perform. |
Key Segment Of The Sports Analytics Software Market
Based on Component,(USD Million)
• Software
• Services
Based on Sports,(USD Million)
• Football
• Cricket
• Baseball
• Basketball
• Rugby
• Others
Regional Overview, (USD Million)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
the sports analytics software market is growing at a CAGR of 22.9% during the forecast period.
The Global sports analytics software Market is Segmented on the Based on Component, Based on Sports, Regions.
The base year for the report is 2023 in sports analytics software market
The sports analytics software can be analyzed across an extensive range of games comprising basketball, tennis, boxing, baseball, cricket, football, and others. It provides real-time information such as acceleration achieved, runs scored, the speed attained, and energy level of a player throughout the game. Hence, such statistics assist team managers and coaches in assessing a player’s performance during the game.
Also, such data generated from various games can further help in developing the strategies for the upcoming games. Hence, such factors are driving the adoption of sports analytics software globally. Moreover, an increasing number of sports events and rising pressure on sports players to perform better in every game is also driving the demand for sports analytics software.
Component Segment
In terms of the component, the market is divided into solutions and services. In 2019, the solutions segment accumulated the highest market share and it is likely to do so throughout the forecast period. Also, the solutions segment is anticipated to experience the highest market growth throughout the forecast period. The dominance of this segment is mainly accredited to the growing need to analyze players' fitness and performance.
Analytics Type Segment
Based on the analytics type, the market is segmented into off-field and on-field. The on-field segment is further segmented into video analysis, team & player analysis, and health assessment. Also, the off-field segment is further bifurcated into ticket pricing and fan engagement. In 2019, the on-field segment accumulated the highest market share and it is likely to do so throughout the forecast period. Also, the on-field segment is anticipated to experience the highest market growth throughout the forecast period. The dominance of this segment is mainly accredited to the growing need to analyze players' fitness and performance.
Deployment Mode Segment
Based on the deployment mode, the market is categorized into the cloud and on-premise. In 2019, the cloud segment accumulated the highest CAGR during the forecast period. The growth of this segment is majorly attributed to the growing adoption of cloud technologies among large as well as small & medium enterprises.
The North American region is projected to gather the highest market share during the forecast period. The dominance of this region is mainly accredited to the significant developments happening in this region. However, the Asia-Pacific region is expected to accumulate the highest growth rate during the forecast period 2020-2025. The market growth in this region is primarily accredited to the increasing awareness about the sport analytics solutions among the various organizations.
The major players of the global Sports Analytics Software market are EXL, SportsSource Analytics, IBM, SAS, GlobalStep, Tableau Software, IceBergs Sports, Catapult, iSportsAnalysis, and Sportradar. Moreover, the other potential players in the Sports Analytics Software market are Quant4Sport, Chyronhego, Exasol, Advanced Sports Analytics Software, and TruMedia Network. The recognized companies are coming up with an innovative and new Sports Analytics Software solution. For instance, in July 2019, IBM announced a partnership with Columbus Crew, an American professional soccer club. With this partnership, IBM created the digital experience for Columbus Crew Soccer Club's new stadium which is expected to be open By the year 2021.