The global Sports Analytics Market size is expected to reach USD 6,340.7 million by 2030, registering a CAGR of 25.1% from 2023 to 2030, as per a new report by Grand View Research, Inc. The increasing preference for data in decision-making by associations and organizations is expected to fuel market growth. Managers and coaches use sports analytics solutions to gain multiple parameters, in-depth analysis, and player performance, and design training sessions using collected insights. These solutions offer predictive analysis to study the physical parameters of players to prevent future injuries.
The sports industry produces large volumes of information in raw data that do not provide clear insights. However, if the data is processed further, it can provide valuable insights about the entire team and individual players. Sports analytics solutions analyze the raw data and provide essential insights in real time using graphical interfaces. Sports analytical tools help analyze data such as opponent history, player line-ups, win-loss records, and various player metrics such as distance covered, speed, stamina, acceleration, and energy levels.
These insights can be shared with managers, coaches, and fantasy gaming applications. Leading associations and teams have already implemented sports analytical solutions by hiring professional analysts to improve the team and individual performances by obtaining valuable insights and gaining a competitive edge over opponents on and off the field. Sports bodies such as National Basketball Association (NBA), Royal Spanish Football Federation, German Football Association, and many others have already deployed analytical tools to analyze the results of future game events.
Teams have adopted sports analytics solutions to analyze player fitness, overall performance, and fan engagement. For instance, in February 2023, Sports Info Solutions (SIS) and Gemini Sports Analytics partnered to develop sports analytics solutions for their clients. Gemini Sports Analytics has created a sports-specific AI and automated machine learning technology that enables sports organizations to make decisions using predictive analysis. Sports Info Solutions offers sports data & analytics services to teams across NBA, NFL, and MLB.
SIS plans to use Gemini's predictive analytics technology to help teams make effective game strategies and maximize player performance. Additionally, in October 2022, Veritone Inc., the creator of aiWARE, partnered with Stats Perform, a leading sports tech company that provides data and AI for real time game updates. The collaboration aims to combine Veritone’s synthetic voice AI technology and Stats Perform’s trusted Opta sports data and bring it to a global platform.
Related Press Release@ Sports Analytics Market Report
Sports Analytics Market Report Highlights
List of Key Players in the Sports Analytics Market
| Report Attribute | Details |
| Market size value in 2023 | USD 1,319.2 million |
| Revenue forecast in 2030 | USD 6,340.7 million |
| Growth rate | CAGR of 25.1% from 2023 to 2030 |
| Base year for estimation | 2022 |
| Historical data | 2018 - 2021 |
| Forecast period | 2023 - 2030 |
Related Reports@
Sports Analytics Market Segmentation
Grand View Research has segmented the global sports analytics market based on component, analysis type, sports, and region:
Sports Analytics Component Outlook (Revenue, USD Million, 2018 - 2030)
Sports Analytics Analysis Type Outlook (Revenue, USD Million, 2018 - 2030)
Sports Analytics Sports Outlook (Revenue, USD Million, 2018 - 2030)
Sports Analytics Regional Outlook (Revenue, USD Million, 2018 - 2030)