According to a new report Global Sports Analytics Market, published by KBV Research, The Global Sports Analytics Market size is expected to reach $4.3 billion by 2025, rising at a market growth of 26.8% CAGR during the forecast period. The number of wearable devices in the sports industry is expanding due to the growing demand for monitoring and tracking player data. As a result, a significant amount of player-and team-related data is generated to gain insight into player performance and fitness variables like speed, heartbeat, and acceleration. The growing volume of data to be analyzed has increased dramatically with the proliferation of health assessment tools, powered by fitness bands and other wearable devices.
The software segment dominated the market in terms of revenue and over the forecast period is likely to remain dominant. Increased acceptance of sports analytics software solutions can be largely credited to increasing preference for cloud-based software solutions, providing advantages in terms of data security and ease of use to end-users like sports associations, clubs, leagues, and sportspeople. The Services market is anticipated to witness a CAGR of 29.9% during (2019 - 2025).
The Player Analysis market dominated the Global Sports Analytics Market by Application 2018, growing at a CAGR of 24.7 % during the forecast period. The Team Analysis market is would witness a CAGR of 25.9% during (2019 - 2025). Additionally, The Health Assessment market is estimated to witness CAGR of 27.5% during (2019 - 2025).
In terms of revenue, North America was dominant across the global market in 2018 and over the forecast period is projected to continue its dominance. Growth is largely attributed to relative greater sports-wide adoption of analytics in countries including the United States and Canada. Asia Pacific, due to a growing popularity of sports as a career option, is projected to experience the significant growth of 29.1% during the forecast period. Countries such as China and Japan are the main contributors to the Asia Pacific market's growth. The Europe market is projected to grow at a CAGR of 25.9% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/sports-analytics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, SAP SE, SAS Institute, Inc., Salesforce.com, Inc., (Tableau Software, Inc.), Oracle Corporation, Experfy, Inc., Stats Perform Group, Sportradar AG, Deltatre SpA and Catapult Group International Limited.
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