Global Sports Analytics Market is Expected to USD 616.7 Million by 2021

Date: 2016-05-09

Increasing demand of analytics for complex structured data streaming is expected to present extensive growth prospects for the sports analytics market
The sports analytics market is expected to grow from USD 123.7 million in 2016 to USD 616.7 million by 2021, at a Compound Annual Growth Rate (CAGR) of 37.9%. The market is being driven by increasing need of sports organizations and management to gain insights in historical as well as real-time data that is generated on and off the field in sports. 

Player and team performance analysis solutions are expected to hold the largest market share during the forecast period 
Player performance during matches, events, and practice and training sessions and team鈥檚 strategies and performances are the most important aspect for any sports organization. Thus, huge amount of data is being generated from various devices and sources in sports industry related to players and team are important to analyze and gain insights. Thus, the demand by organizations to look into the data and improve their decision making to gain an edge over their competitors is increasing. Health assessment solutions segment is expected to have highest CAGR during the forecast period. 

North America is expected to hold the largest market share in the sports analytics market
North America, followed by Europe, is expected to hold the largest market share of the sports analytics market during the forecast period due to the prevailing trends of analytics being used in sports for hiring players in the game of baseball and the rapid adoption of emerging technologies in North America. Thus, the need to gain insights in sports related data and need for improved business operations is encouraging the adoption of sports analytics solutions in the region. Asia-Pacific (APAC) is expected to grow at the highest CAGR in the sports analytics market during the forecast period.  

The various key security analytics vendors and service providers profiled in the report are as follows: 

1. IBM Corporation
3. SAS Institute
4. Tableau Software, Inc.
5. Oracle Corporation 
6. SportingMindz, Pvt. Ltd.
8. Prozone (A STATS Company)
9. TruMedia Networks, Ltd.
10. Opta


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