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The global sports analytics market is estimated to garner a revenue of USD 20 Billion by the end of 2033 by growing at a CAGR of ~40% over the forecast period, i.e., 2023 u2013 2033.
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Global Sports Analytics Market Growth to be Propelled by Growth in the DataIntegration byCAGR of~40%During 2023–2033 KennethResearchpublished areporttitled“SportsAnalytics Market:Global DemandAnalysis &OpportunityOutlook 2033”whichdelivers adetailed overview of the global sports analytics market in terms of market segmentation by components,application,deploymentmode, end-user,and by region. Further,for thein-depthanalysis, thereportencompasses theindustry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of currentand futuremarket trends thatareassociated withthegrowthofthemarket. The global sports analytics market is expected to grow at ~40% CAGR over the forecast period, i.e., 2023-2033. The market is segmented by components into solutions and services. Out of these, the solutions segment is anticipated to hold the largest share over theforecastperiodduetoitsstrongfocusonplayertrackingandadvancedanalysistools thatare used byteamsacrossalllevels. Theglobalsportsanalyticsmarketisestimatedtogrowonthebackofriseindemandfor newanalyticaltoolsthatcanidentifyplayerstrengthsandweaknessesonanindividual
level.Theincreaseindemandfromprofessionalathletes,growingdemandfrommachine learningapplications,increases insmartphonepenetration, andanincrease in investment into bigdatatechnologieswillsupport thegrowthofthis market. For more information’s@https://www.kennethresearch.com/report- details/worldwide-sports-analytics-market/10085208 Geographically, the global sports analytics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of them, the market in the North America region is projected to hold the largest market share by the end of 2033, owing to the increasing interest in sports performance analysis among organizations and individuals across this region. Including an increase in data availability and demand from businesses and athletes alike in the region. The research is global in nature and covers a detailed analysis of the market in North America(U.S.,Canada),Europe(U.K.,Germany,France,Italy,Spain,Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest ofLatinAmerica),Asia-Pacific(China,India,Japan,SouthKorea,Indonesia,Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth&opportunityanalysis,marketplayers’competitivestudy,investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report. Increase in Demand from Professional Athletes to Drive the Growth of the Market As per recent statistics, athletes’ and sports competitors' employment are expected to increaseby36%between2021and2031,whichissubstantiallyfasterthantheaverage
for all occupations. In May 2021, the average yearly salary for sportsmen and sports competitorswasUSD77,300. Since, eachmajorsport hasexperienced auniqueevolution inanalytics,with management hiring data scientists and looking for new ways to objectively evaluate athletesandgainacompetitiveadvantage.Forinstance,becausethree-pointersandfield goalsarethemosteffectiveshotsinthegameaccordingtoshotchartresearch,basketball teamsnowfocustheiroffensesonthem.Hence,itisprojectedtoboostthegrowthofthe globalcloud automation market. However, the lack of standardization across different leagues and teams around the world,lackofreliable andaccuratedata, andhighexpensesassociatedwithsuch solutions are expected to operate as key restraints to the growth of the global sports analytics marketovertheforecast period. This report also provides the existing competitive scenario of some of the key players of theglobalsportsanalyticsmarketwhichincludescompanyprofilingofIBMCorporation, Oracle Corporation, SAP SE, Stats Perform, Nielson Sports, Tableau Software, SAS Institute, Opta Sports, Trumedia Networks, Sportadar AG., and others. The profiling enfoldskeyinformationof thecompanieswhichencompassesbusinessoverview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global sports analytics market that will help industryconsultants,equipmentmanufacturers,existingplayerssearchingfor expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future. RequestReport Sample@https://www.kennethresearch.com/sample-request- 10085208 KennethResearch isaleadingserviceproviderfor strategicmarket researchand consulting. We aim to provide unbiased, unparalleled market insights and industry analysistohelpindustries,conglomerates,andexecutivestotakewisedecisionsfortheir
futuremarketingstrategy,expansionandinvestment,etc.Webelieveeverybusinesscan expandtoitsnewhorizon,providedtherightguidanceatarighttimeisavailablethrough strategicminds.Ourout-of-boxthinkinghelpsourclientstotakewisedecisionstoavoid future uncertainties. Contact formoreInfo: AJDaniel Email: sales@kennethresearch.com U.S.Phone: +1313462 0609
