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Sports Analytics Market will witness healthy CAGR to 2024, North America & Western Europe to capture a major portion of the global industry

Author : Ronak Bora | Published Date : 2019-03-20 

North America and Western Europe hold the majority of the share in sports analytics market and is expected to maintain the share due to the use of analytics in all sports academies and associations. However, lack of understanding regarding the use of analytics and technology in sports across the Middle East and APAC can be an impediment to the market. Moreover, budget constraints and high costs required to hire technical persons to analyze the sports data also hinder sports analytics market.

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 Sports Analytics Market demand is on the rise since the availability of a gamut of information enables strategy formulation and provides specific patterns, which are forecast to present opportunities for growth. Sports companies are also keenly adopting big data to formulate their business strategies. It helps in understanding their bodies better and focusing on delivering better performance.

With advancements in technology, coaches can now collect patterns of how a player performs on the field instantly to gain invaluable insights, which may help them in changing their style of play during a match. Coaches or the support staff use big data analytics to design training sessions for players specifically, where every player goes through a specialized fitness regime. There is a fine potential moving forward that sports analytics may change the way we look and experience sports globally.

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Sports Analytics Market is improving due to the need for valuable insights from both on and off the field to improve athletes’ games and monitor their health. This will help in making strategies from a collection of historical, relevant, and statistical data to help a team or an individual in a competition. The insight is used to ensure that the team players, coaches, and the support staff possess the appropriate information to make a feasible decision-making solution, which may improve players’ performance during the sport.
 
There is an estimation that the rise in the adoption of cloud-based solutions and analytics for complex data streaming is going to present avenues for future growth. Some of the players present in the sports analytics market include Tableau Software, IBM, SAS, Opta, SAP, STATS LLC, TruMedia, and Prozone.
 
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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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