Sports Analytics Market Tremendous Growth till 2026 | COVID-19 Analysis

The market research report, entitled Sports Analyticsshows good possibilities in the Sports Analyticsmarket during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.

Global Sports AnalyticsMarket Forecast:

The global Sports Analyticsmarket is forecasted to grow at a rate of 4.4% CAGR during the period of 2021-2026.  Sports AnalyticsMarket will be experiencing an escalation in demand attributed to the growing usage of Sports Analyticsin the market. The XYZ market growth depends upon numerous factors which have direct or indirect impact on the demand. Our report has the summary of such factors derived using SWOT, PEST, industry life cycle and supply chain analysis. These methods help in analysing the strength of the companies and identify gaps as well as opportunities to lay out a successful roadmap which leads to higher profitability.

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Some linchpins in the market are

BAE Systems Plc., Cobham Plc., Honeywell International Inc., Microsemi Corporation, and Texas Instruments

Sports AnalyticsMarket Segmentation:

The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. Sports Analyticsmarket segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.

  • IBM
  • Zebra Technologies
  • Tableau Software
  • Catapult
  • EXL
  • SAS Institute
  • HCL
  • Chyronhego
  • GlobalStep
  • Stats Perform

Growth drivers and Market Value:

This report, from Stratview Research Secure Web Gateway market value and growth drivers over the trend period of 2021-26. According to the report –

Sports Analytics market is likely to witness a CAGR of 22.2% during the forecast period. The major factors contributing to the demand for sports analytics is mainly the increasing investments in sports technology for data-driven decisions and the need for player/ team performance improvement.

Segment Analysis:

Based on by Application Type:

Based on the application type, the market is segmented as performance analytics, player and team valuation, player fitness and safety, fan management, and broadcast management. The performance analytics segment is expected to witness the highest growth during the forecast period. Increasing use of Artificial Intelligence (AI) and IoT technologies in order to improve the performance of an athlete is the major factor driving the growth of the performance analytics segment.

Based on Regional:

In terms of regions, North America is estimated to be the largest, whereas Asia-Pacific is expected to be the fastest-growing sports analytics market during the forecast period, with the USA, China, Japan, India, Australia, and South Korea being the major countries with lucrative growth opportunities. The growth of the Asia-Pacific’s market is majorly driven by the growing digitalization trend, the emergence of various sports leagues, and the increasing investments in the market.

 

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COVID-19 IMPACT Analysis on Sports AnalyticsMarket

Coronavirus has influenced every one of the organizations, little or large, dealing in any sector. The growth curves of XYZ market have seen immense fluctuations in the year 2021. The market scenario and the pace of growth have taken a colossal turn and have prompted numerous adjustments in the cycles, which will have repercussions for a significant stretch. 2021 is probably going to be superior to 2021 for the XYZ market players as the greater part of the organizations have continued their activities and the interest is getting reestablished for them.

Note: This report will be refreshed to consolidate the effect of COVID-19, available for the time of 2021 to 2026.

Regional Analysis

The assessment of the pandemic reveals an enormous transformation in both short, as well as long-term regional business. With some barriers along the road, the Sports Analyticsmarket stakeholders hope to regain stability in 2021, with flourishing demand and a hassle-free market environment. In terms of region, North America and Russia held the major chunk of the market in and before 2021. Despite several setbacks and the pandemic’s impact, the regions having the presence of key players, are likely to maintain their dominance in the upcoming years. According to the report, North America. region is expected to handle the crisis most efficiently, growing at the highest rate during the five-year tenure and is expected to become the next potential manufacturing hub.

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Ritesh Gandecha

Stratview Research

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Direct: +1-313-307-4176

About Stratview Research

Stratview Research is a global market intelligence firm helping its clients’ tract the ever-evolving market scenarios through customised and syndicated reports. The reports offered here are gathered with the help of our wide-ranging and reliable secondary sources and in-depth interviews with the linchpins within the market. Extrapolated through primary and secondary research, Stratview Research’s reports help you remain ahead of the curve by enabling you to understand the current market trends and challenges coming on your way. Our strong team of industry veterans and researchers assure high quality research and strategic insights that help companies worldwide in effective decision making.

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