The global sports analytics market size is expected to reach USD 14.41 billion by 2030 and expand at 21.5% CAGR from 2024 to 2030. The sports analytics market has witnessed substantial growth and evolution in recent years, emerging as a crucial component in the global sports industry. As technology continues to advance, teams, leagues, and organizations are increasingly recognizing the importance of data-driven insights to gain a competitive edge. Sports analytics involves the collection, analysis, and interpretation of data related to various aspects of sports, including player performance, team strategies, and fan engagement. The market encompasses a wide range of solutions and services, including player tracking systems, performance analysis software, predictive analytics tools, and data visualization platforms.
The demand for sports analytics is growing across various sports fields, including soccer, basketball, baseball, and rugby. Major sports leagues and teams are making significant investments in analytics to enhance scouting, recruitment, and strategic planning. The adoption of Machine Learning (ML) and Artificial Intelligence (AI) algorithms has further enhanced the capabilities of sports analytics, enabling more accurate predictions, injury prevention strategies, and advanced game simulations. ML algorithms can recommend players for certain positions based on their performances on home grounds, overseas performances, game conditions, and opponents they are facing.
The adoption of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), and deep learning in the sports industry is revolutionizing the sports technology field. Several cameras are used to capture the game from different angles. This data is then fed into AI and ML models to address the challenges faced in previous games and improve player performance and management. The integration of AI with sports-related data helps optimize data collection and analysis tasks, which further helps sports clubs and organizations distribute essential resources and expertise toward more critical operations. Wearable computers are utilized for the real-time tracking of an athlete’s health. Wearables have made a difference in the lives of many players by supervising hydration, pulse rate, and temperature through their microscopic and wireless health monitoring system. This, in turn, reduces health risks such as dehydration or heart attacks among players. The technology has expanded from simple biometric monitoring to the implementation of the sports teams’ psychological and perceptual aspects, thereby enhancing their performance.
The demand for sports analytics is growing across various sports fields, including soccer, basketball, baseball, and rugby. Major sports leagues and teams are making significant investments in analytics to enhance scouting, recruitment, and strategic planning. The adoption of Machine Learning (ML) and Artificial Intelligence (AI) algorithms has further enhanced the capabilities of sports analytics, enabling more accurate predictions, injury prevention strategies, and advanced game simulations. ML algorithms can recommend players for certain positions based on their performances on home grounds, overseas performances, game conditions, and opponents they are facing.
The adoption of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), and deep learning in the sports industry is revolutionizing the sports technology field. Several cameras are used to capture the game from different angles. This data is then fed into AI and ML models to address the challenges faced in previous games and improve player performance and management. The integration of AI with sports-related data helps optimize data collection and analysis tasks, which further helps sports clubs and organizations distribute essential resources and expertise toward more critical operations. Wearable computers are utilized for the real-time tracking of an athlete’s health. Wearables have made a difference in the lives of many players by supervising hydration, pulse rate, and temperature through their microscopic and wireless health monitoring system. This, in turn, reduces health risks such as dehydration or heart attacks among players. The technology has expanded from simple biometric monitoring to the implementation of the sports teams’ psychological and perceptual aspects, thereby enhancing their performance.
Sports Analytics Market Report Highlights
- Software component growth is attributed to the rising adoption of analytics software by large sports organizations for analyzing and assessing the strength and weakness of players and improving their performances
- On-field analysis metrics enable teams to determine how to improve in-game strategies, nutrition plans, and other methods for elevating their athlete’s performance levels
- Technologies such as predictive measurements, data analytics, wearables, and mobile apps are changing the global baseball landscape. Baseball clubs and associations are adopting technological analytics for scouting, devising winning strategies and diagnosing and preventing player injuries
- The segmental growth of sports teams can be attributed to the increasing emphasis on data-driven decision-making by sports teams and clubs. In football, analytics are used to enhance various aspects of the game, including player performance, scouting, injury prevention, and fan engagement
- The market has seen the highest growth in Asia Pacific region due to upsurge in popularity of sports and the technology advancements in the countries including China, India, Japan, Australia, and South Korea. More and more organizations in the region are leveraging sports analytics solutions to gain insights into player performance, fan engagement, and team strategies
- In January 2024, SAP SE partnered with FC Bayern Munich to utilize AI technology in soccer scouting. The collaboration aims to enhance the club’s scouting processes by leveraging SAP Sports One, an innovative sports-specific software solution
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Sports Analytics Market - Industry Outlook
Chapter 4. Sports Analytics Market: Component Estimates & Trend Analysis
Chapter 5. Sports Analytics Market: Analysis Estimates & Trend Analysis
Chapter 6. Sports Analytics Market: Sports Estimates & Trend Analysis
Chapter 7. Sports Analytics Market: End-use Estimates & Trend Analysis
Chapter 8. Regional Estimates & Trend Analysis
Chapter 9. Sports Analytics Market - Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Agile Sports Analytics LLC
- Catapult Group International Ltd.
- ChyroHego Corporation
- Deltatre S.p.A.
- Experfy, Inc.
- Genius Sports Group
- International Business Machine (IBM) Corporation
- Oracle Corporation
- SAP SE
- Arecont Vision Coaster LLC
- The Sportradar Group
- Stats LLC
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 125 |
Published | June 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 3.52 Billion |
Forecasted Market Value ( USD | $ 14.41 Billion |
Compound Annual Growth Rate | 21.5% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |