According to the research report titled ‘GLOBAL SPORTS ANALYTICS MARKET 2019-2027’, available with Market Study Report, global sports analytics market is projected to register a y-o-y growth rate of 21.4% over the projected timeline.
 

As per the report findings, growing necessity for efficient management of large volumes of on-field data, along with escalating demand for real-time data access, and predictive analysis across various sport activities are driving global sports analytics market growth. In addition, emergence of affordable high-end computing solutions and rising focus towards analytics for streaming complex data are expected to amplify industry revenue in the upcoming years.
 

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On the other hand, high initial investment expenses and maintenance charges of the systems are the key challenges for global sports analytics market size. Moreover, dearth of skilled professionals to handle these analytics software, along with poor knowledge regarding sports technology is negatively affecting product adoption.
 

Considering the geographical landscape, worldwide sports analytics market trends are defined by North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Trusted projections cite that Europe will emerge as a major revenue generator for the industry during the forecast period, attributable to increasing deployment of advanced technologies in various sports academies, and rising budget of sports organizations. Further, high popularity of football in tandem with substantial investments by sports clubs will continue to enhance business outlook in the region.
 

Key players influencing global sports analytics industry trends are Synergy Sports Technology, Catapult Group International Ltd., Nielsen Sports, Sportradar AG, TruMedia Networks, Opta, SAP SE, IBM Corp., SAS Institute Inc., Oracle Corp., and Stats Perform.