This report provides exclusive insights into the COVID-19 impact on the Sports Analytics Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Sports Analytics Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Sports Analytics Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the sports analytics market provides an in-depth analysis of segments and sub-segments
in the global as well as regional sports analytics market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional sports analytics market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of the global sports analytics market. According to the report, the global
sports analytics market is projected to grow at a CAGR of 22.2% over the
forecast period of 2019-2025.
Sports analytics provide tools to measure the player
fitness and team performance, competitive analysis, social media, and business
analysis, among other fundamental functions. It has led to the development of sophisticated
structures for crunching numbers to foresee prior results, win-loss records,
and opponent history, to determine the outcome of an upcoming sporting event.
Nowadays, sports analytics solutions are used across a wide range of games
comprising football, basketball, and baseball. Furthermore, the real-time data
with respect to speed attained, acceleration achieved, runs scored, and energy
levels of a player during the game help coaches and team managers in assessing
player’s performance in the game. In addition, data generated from the prior
games is compiled and utilized for determining the strategy to be applied
during the on-going gaming event or sessions.
The increasing investment in sports technology for
data-driven decisions is driving the sports analytics market growth.
Furthermore, an increase in time required for accessing real-time data and
upsurge in demand for predictive insights of fans' preferences boost the growth
of the market. In addition, sports analytics market trends include an increase
in the amount of on-field data and surge in monitoring, and tracking data of
players are the major factors that fuel the growth of the sports analytics
market. On the other hand, the high investment and maintenance cost and lack of
awareness regarding sports technology hinder the market growth. Conversely, the
availability of cost-effective and high-end computing solutions and escalation
in demand for analytics for complex data streaming is projected to provide
lucrative opportunities for market growth.
Additionally, the current concern over the spread of
coronavirus is also expected to have a negative impact on the sports analytics
market. The effects of the COVID-19 outbreak continue to ripple through the
world’s health, financial, educational, and commercial institutions, and the
sports ecosystem is no different. The COVID-19 has posed to both the sporting
world and to physical activity and well-being, including for marginalized or
vulnerable groups. To safeguard the health of athletes and others involved,
most major sporting events at international, regional, and national levels have
been canceled or postponed. The cancellation of games negatively impacts the growth of the sports analytics market.
Among the geographies, the North America region is expected
to hold the largest share in the global sports analytics market as countries
such as the U.S. and Canada are the front-runners of the adoption of new
technology. Further, the companies providing analytical solutions in this
region is observed to be investing considerably in research & development
activities in order to develop advanced analytics solutions. Furthermore, the
Asia Pacific region is expected to register the highest growth during the
forecast period owing to the growing popularity of sports as a career option.
Countries like China, India, and Japan are the major contributors to the growth
in the Asia Pacific sports analytics market.
The report on the global sports analytics market covers segments
such as type, application, deployment mode, and component. On the basis of
type, the sub-markets include individual sports, and team sports. On the basis
of application, the sub-markets include performance analytics, player and team
valuation, player fitness and safety, fan engagement, and broadcast management.
On the basis of deployment mode, the sub-markets include on-premise, and cloud.
On the basis of component, the sub-markets include solutions, and services.
The report provides profiles of the companies in the market
such as International Business Machine Corporation, Zebra Technologies
Corporation, Catapult Sports, HCL Technologies Ltd., Exasol, DataArt, Qualitas
Global Services LLP, Agile Sports Analytics, TruMedia Networks, Sportradar AG,
and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the sports
analytics market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.