Sports Analytics Market by Agile Sports Analytics, LLC; Catapult Sports; ChyronHego Corporation; Deltatre; Experfy Inc.

[sara James]

The global Sports Analytics Market size is expected to reach USD 6,340.7 million by 2030, registering a CAGR of 25.1% from 2023 to 2030, as per a new report by Grand View Research, Inc. The increasing preference for data in decision-making by associations and organizations is expected to fuel market growth. Managers and coaches use sports analytics solutions to gain multiple parameters, in-depth analysis, and player performance, and design training sessions using collected insights. These solutions offer predictive analysis to study the physical parameters of players to prevent future injuries.

The sports industry produces large volumes of information in raw data that do not provide clear insights. However, if the data is processed further, it can provide valuable insights about the entire team and individual players. Sports analytics solutions analyze the raw data and provide essential insights in real time using graphical interfaces. Sports analytical tools help analyze data such as opponent history, player line-ups, win-loss records, and various player metrics such as distance covered, speed, stamina, acceleration, and energy levels.These insights can be shared with managers, coaches, and fantasy gaming applications.

Leading associations and teams have already implemented sports analytical solutions by hiring professional analysts to improve the team and individual performances by obtaining valuable insights and gaining a competitive edge over opponents on and off the field. Sports bodies such as National Basketball Association (NBA), Royal Spanish Football Federation, German Football Association, and many others have already deployed analytical tools to analyze the results of future game events.

Teams have adopted sports analytics solutions to analyze player fitness, overall performance, and fan engagement. For instance, in February 2023, Sports Info Solutions (SIS) and Gemini Sports Analytics partnered to develop sports analytics solutions for their clients. Gemini Sports Analytics has created a sports-specific AI and automated machine learning technology that enables sports organizations to make decisions using predictive analysis. Sports Info Solutions offers sports data & analytics services to teams across NBA, NFL, and MLB.

SIS plans to use Gemini's predictive analytics technology to help teams make effective game strategies and maximize player performance. Additionally, in October 2022, Veritone Inc., the creator of aiWARE, partnered with Stats Perform, a leading sports tech company that provides data and AI for real time game updates. The collaboration aims to combine Veritone’s synthetic voice AI technology and Stats Perform’s trusted Opta sports data and bring it to a global platform.

Related Press Release@ Sports Analytics Market Report

Sports Analytics Market Report Highlights

• Football is predicted to expand at the fastest CAGR of 27.7% in the sports category over the forecast period, owing to rapid adoption of the latest technologies and large expenditures made by teams and associations for sports analytics solutions
• Based on analysis, the on-field segment is anticipated to grow at the fastest rate of 26.5% over the projection period, owing to the increasing implementation of sports analytics solutions for health assessment, video analysis, and player & team analysis in the sports industry 
• The software segment is expected to experience the highest growth during the forecast period, owing to the increasing popularity of cloud-based sports analytics software, which provides flexibility and accessibility
• North America has traditionally been the largest market for sports analytics, with the U.S. being the primary market in the region. However, other regions such as Europe and the Asia Pacific are also seeing significant growth in this space

List of Key Players in the Sports Analytics Market

• Agile Sports Analytics, LLC
• Catapult Sports
• ChyronHego Corporation
• Deltatre
• Experfy Inc.
• Genius Sports Group
• IBM Corporation
• Oracle Corporation
• SAP SE
• SAS Institute Inc.
• Sportradar AG
• Stats Perform

Sports Analytics Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 1,319.2 million
Revenue forecast in 2030	USD 6,340.7 million
Growth rate	CAGR of 25.1% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

 

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Sports Analytics Market Segmentation

Grand View Research has segmented the global sports analytics market based on component, analysis type, sports, and region:

Sports Analytics Component Outlook (Revenue, USD Million, 2018 - 2030)

• Software
• Service

Sports Analytics Analysis Type Outlook (Revenue, USD Million, 2018 - 2030)

• On-field
• • Player & Team Analysis
  • Video Analysis
  • Health Assessment
• Off-field
• • Fan Engagement
  • Ticket Pricing

Sports Analytics Sports Outlook (Revenue, USD Million, 2018 - 2030)

• Football
• Cricket
• Baseball
• Basketball
• Rugby
• Others

Sports Analytics Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• • U.S.
  • Canada
•  Europe
• • UK
  • Germany
  • France
  • Spain
• Asia Pacific
• • China
  • India
  • Japan
• Latin America
• • Brazil
  • Mexico
• Middle East & Africa (MEA)