Global Sports Analytics Market to See Tremendous Growth through 2022, Expects Infoholic Research in Its New Report Available at MarketPublishers.com
01 Feb 2017 • by Natalie Aster
LONDON – During the past three decades, overall revenues generated by different sporting events and sports clubs have witnessed incredible growth. This is attributed primarily to the uptake in the television broadcasting along with the increasing number of advertising and sponsorship sales. Today, the majority of professional sports leagues and clubs are searching for various opportunities to open new revenue streams. The usage of analytics in sports is emerging as a major business, and it is predicted to become a necessity for top sports clubs and leagues.
The global market for sports analytics is anticipated to increase at a tremendous CAGR of over 40% between 2017 and 2022. By the year 2022, this market is likely to reach revenues of USD 3.97 billion.
At present, leagues in the North American region are the key customers of sports analytics. The highest adoption rate in the region is registered in basketball and baseball leagues. Ice hockey clubs have recently started to make investments in analytics and also American Football remains a lucrative market. Europe ranks the second largest market for sports analytics worldwide.
New topical report “Worldwide Sports Analytics Market (2016-2022)” worked out by Infoholic Research gives in-depth insights into the rapidly evolving sports analytics market. It presents a detailed market analysis at different geographical scales, covers the market dynamics and examines the major factors influencing the market growth and development. The topical study uncovers info on the current demand and adoption rate across different sports, identifies top challenges and opportunities, discusses the prevailing and emerging trends. Besides, the report reviews the vendors’ business strategies, gives a look at products available in the market and outlines future possible changes and prospects. Forecasts through 2022 are also at hand.
For other insightful research studies prepared by this publisher, follow to the Infoholic Research page at MarketPublishers.com.