A Comprehensive study of Sports Analytics Market

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A Comprehensive study of Sports Analytics Market

• https//datasportsgroup.com/

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First and foremost, the study calls for
understanding the sports market itself. The
market is segmented first on the basis of sports
thereafter geographically across continent for
better comparison. The Sports Analytics Market
was valued at USD 720 million in 2019 and will
grow with a CAGR of 30 and reach USD 3.51
billion in a short span of five years, 2025. THE
GROWTH FACTOR The predominant factor for growth
is the growing dependence on data which provides
an edge over competition, to those who have the
caliber to harness the knowledge to their
benefit. Many coaches and franchises are reliant
on such processed data which is made fit for
consumption. Such heavy reliance on data has
spearheaded the growth of the Sports Analytics
Industry. Using the data driven insights for
player selection, devising pregame and post-game
strategy, and roster. A solid database helps
devise a model for predictions thus helping us
predict future outcome of matches as well.
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Today, such analytics is used across many sports
like football, basketball, baseball and more.
Where machines are trained to assimilate real
time information of anything and everything
associated to the match. Building a reliable
database of information like, speed, ratings,
score, among other relevant information. The next
step in compiling the data of previous matches
which can be used to study strategy over a period
of time, the quantifiable data makes it possible
for coaches and teams to build a strategy and
even test it as well. The vast capabilities of
data have contributed significantly towards the
growth of the industry in the world.
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The technological advancements have served as a
reliable source of data for such analysis making
sure we have ample amount of data on the player,
and the team to build a model on, even the
wearable devices and health assessment solutions
have helped in data creation. The steady stream
of data automatically generates the need for
quality data analyst who can derive relevant
information from the noise and feed that
forward. MARKET TREND According to the current
market trend among the sports segment football
has the highest share in the sports analytics
industry. The credit for it goes to the growing
interest in football across the world. The sports
aficionados have a special place in their heart
for leagues like UEFA Champions League, MLS,
English Premier League, Bundesliga and more.
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The In-person attendance and online viewership of
football games continue to grow even today. For
example, the Bundesliga League of Germany in 2019
reported 42.7 thousand spectators. The
popularity of sports has driven up competition in
such leagues and thus ultimately the need for
Sports Analytics. Many teams and clubs today have
partnered with specific sports data providers, to
provide data on all the players at once even if
they possessed the ball or not. Thus, making sure
their strategy is full proof and minimize the
chances of failure. REGIONAL TREND Till now the
study has been more sports focused while
comparing the regional stats the market
adaptability, and technological adoption rate
points us towards North America region which has
been at the forefront for sports market analysis.
The low cost, scalable, easy solution of Cloud
based solutions are what the organization are
focused on. Leagues are heavily dependent on
sports analytics solution for squad selection
while other sports like Ice Hockey have also
joined the revolutionary path.
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FUTURE PROSPECTS While Sports Analytics Industry
currently in its baby stage the future prospects
of the industry has led to a lateral development
of fantasy gaming industry as well where the data
so generated for strategy making in the real
world, has an alternative use for running fantasy
games like fantasy football, fantasy basketball,
and fantasy cricket. The real time stats
generated are fed in the game which uses real
time data to run. The growth of both these
industries go hand in hand with one boosting the
other forward and driving the market.
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The growth potential in the Sports Analytics
Market has paved the way for sports data
providers like Data Sports Group, who are
evolving with time to provide sports data of 35
different sports and synthesis it in the form of
APIs to make it consumable.  They are able to
provide quality rich data which can be used
further either by Sports Website or Apps to power
their data driven applications. DSGs APIs are
noteworthy in their field, providing a complete
package of services to engage more audience.
Their wide coverage places them among the best of
the data providers out there.
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Contact US

• Emai -sales_at_datasportsgroup.com
• Phone - 1 [phone]
• Address - 2600 Kinmere Dr
• City Gastonia
• State - North Carolina
• PIN 28056
• Country - USA