The Global Sports Analytics Market size is estimated to reach USD 2.8 billion by 2026, growing at a CAGR of 32.3% over the forecast period of 2021-2026.
The sports analytics market is poised to enter a high market standing with a USD 12 billion by 2030. Sports analytics encompasses compilations and analysis of game statistics to provide a crucial edge to the playing team. With more sporting teams pouring funds into data analytics, there prevails a huge demand for sport analytics market.
Data in thriving numbers is taking the sports industry to a rousing finale, thanks to the more insightful decisions made on the back of sports analytics. The sports analytics market is besotted with any type of statistical data that has a newfound edge, with incisive market statistics, by zeroing in on the sporting event.
The sports industry could do with sports analytics in the form of on-field data analytics and off-field data analytics. This classification is considered as being vital to the data analytics market. Several firms have taken data analytics in their business model to optimize performance.
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Driving Factors
Usage of innovative concepts such as Internet of Things (IoT), big data, AI and ML have attributed to market growth with precision in decision making that helps team and individual performance.
If this is any indicator to the prowess of the sports analytics market, the global sports market grew from $350 billion in 2021 to $450 billion in 2022, according to the business research company's research, making it one of the biggest markets in the world.
As spending in the global sports market increases, sporting teams are much more focused to investing in sports data analytics for a competitive edge, hence the projection of the sports analytics market reaching an astronomical USD 4 billion by 2025.
A recent example citing the importance of the data analytics is the admission of Chelsea football manager who brought on Kepa as goalkeeper for the penalty shootout, he said that analytics says that Kepa is a better goalie in the crucial penalty shootouts which was proved right.
Using data analytics model, notable financial returns can be ensured which has been corroborated as by an astute financial company.
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Data analytics in sports is also great for optimizing online sports retail revenue. Sporting teams are using techniques such as data manipulation, aggregation, cleaning, and more to analyze product data to optimize revenue.
Market Restraint
Reasons like the lack of awareness and prevailing scepticism with respect to the merits of sports analytics and the excessive high cost associated with sports analytics solutions are some of the crucial factors limiting the overall growth of the global sports analytics market.
Opportunity
Advancements in AI (Artificial Intelligence), ML (Machine Learning), and Big Data have revolutionized the entire sports industry, which is further likely to create ample growth opportunities for the sports analytics industry.
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Segmentation
By Region
North America accounts for the maximum of the sports analytics market share. It had been credited with more than 25% of the market share. Key aspects conducive in the advancement of the industry in North America comprise the rising technological impetus in the region, a moving demand for video analysis, growing usage of AI technology, and high investments in the recent technologies by associations, such as the the National Basketball Association (NBA), Major League Baseball (MLB), and National Football League (NFL). These are some of the pivotal reasons which are anticipated to drive the market growth further.

Key Developments
• In Jan 2022, Pacific introduces sports analytics program and new partnership with sports technology leader SMT
• Gemini Sports Analytics funded with $1.5M to modernize the world of athlete management
Key Players
Key players include, IBM Corporation, SAP SE, Experfy Inc., Deltatre, SAS Institute Inc, Oracle Corporation, Catapult, ChyronHego Corporation, Sportradar AG, Agile Sports Analytics, LLC, Genius Sports Group, Stats Perform.
TOC:
Global Sports Analytics Market Growth, Trend and Forecast 2022-2027
Chapter 1 Sports Analytics Market Overview
1.1 Product Overview and Scope of Sports Analytics
1.2 Sports Analytics Market Segmentation by Components
1.2.1 Software
1.2.2 Services
1.3 Sports Analytics Market Segmentation by Analysis Type
1.3.1 On-field
1.3.2 Player & Team Analysis
1.3.3 Video Analysis
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