Sports Analytics Market Growing at 37.9% CAGR to 2021

May 09, 2016, 02:00 ET from ReportsnReports

PUNE, India, May 9, 2016 /PRNewswire/ --

The global sports analytics market is expected to grow from $123.7 million in 2016 to $616.7 million by 2021, at a Compound Annual Growth Rate (CAGR) of 37.9%, 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.

Complete report on global sports analytics market spread across 117 pages, profiling 9 companies and supported with 53 tables and 46 figures is now available at http://www.reportsnreports.com/reports/539529-sports-analytics-market-by-type-solutions-services-by-applications-player-analysis-team-performance-analysis-health-assessment-video-analysis-data-interpretation-analysis-fan-engagement-by-deployment-type-by-region-global-forecast-to-2021.html .

Player performance during matches, events, and practice and training sessions and team's 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, 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 such as IBM Corporation, SAP SE, SAS Institute, Tableau Software, Inc., Oracle Corporation, Sporting Mindz Pvt. Ltd., STATS LLC, Prozone (A STATS Company), TruMedia Networks Ltd. and Opta. Order a copy of Sports Analytics Market by Type (Solutions & Services), by Applications (Player Analysis, Team Performance Analysis, Health Assessment, Video Analysis, Data Interpretation & Analysis, Fan Engagement), by Deployment Type & by Region - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=539529 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (36%), Tier 2 (21%) and Tier 3 (43%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (75%), Director Level (15%) and others (10%) from various key organizations operating in the global wireless audio market. The primary interviews were conducted worldwide covering regions such as Americas (70%), Europe (15%) and APAC (15%)

On a related note, another research on Social Media Analytics Market Global Forecast to 2020 says, the massive surge in structured and unstructured social data is driving the growth. North America is expected to hold the largest market share. The global social media analytics market to grow from USD 1.60 billion in 2015 to USD 5.40billion by 2020, at a Compound Annual Growth Rate of 27.6%. Companies like Oracle Corporation, SAS Institute, IBM Corporation, SAP SE, Tableau Software, Good Data, NetBase Solutions, Salesforce.com, Adobe Systems and Hootsuite Media have been profiled in this 156 pages research report available at http://www.reportsnreports.com/reports/473878-social-media-analytics-market-by-type-applications-customer-segmentation-targeting-multichannel-campaign-management-competitor-benchmarking-customer-behavioral-analysis-marketing-measurement-vertical-region-global-forecast-to-2020.html .

 Explore more reports on the IT & Telecommunication market at http://www.reportsnreports.com/market-research/information-technology/.

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