Albany, NY -- (SBWIRE) -- 10/19/2016 -- The report titled "Sports Analytics: Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2021," illustrates the current global market for sports analytics and forecasts a significant growth as cloud computing and hybrid communication systems are making training information more readily available.
Almost all major sporting teams worldwide are now using sports analytics to their advantage. The global sports analytics market was merely $125 million in 2014 but it is expected to reach $4.7 billion by 2021. This steep growth is mainly driven by the evolution of smart phones and social media in addition to growing usefulness of cloud computing.
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With 472 pages and 177 tables as well as numerous figures, the report reveals that information services will gain immensely on automated processes of sports analytics in near future. With the help of tablets and smartphones, sports analytics are enabling the instant evaluation of the capabilities of a sportsperson and judge if they can get any better. For example, what to measure in a sportsperson and deciding what real-time information is reliable has always been a challenge in the sporting arena. The report unveils how these challenges are being made conveniently easy with the help of sports analytics.
The sports analytics market is driven by the ability of new apps and software to improve the winning percentage of teams and decrease the fees paid to players. These analytics provide an edge by implementing metrics functions that enable the management to compile a winning team without a very high payroll. Sports analytics also help in figuring out how a team can improve its fan following. It is also used to create fantasy leagues, giving fans access to player statistics with which they construct their squads. This in turn helps the scouts to detect a player with obscure talent.
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According to the report, the ability of sports analytics to detect patterns and attaching a value to them will be a high-impact driver for the market. These analytics focus on being able to predict which young players will succeed at the highest level and which players have the mental strength to handle critical situations. The pattern not only applies to individual players but also to the teams overall, as well as fans.
The report profiles some of the prominent names in the market for sports analytics, such as: Stats/Prozone, Perform/Opta, TruMedia, and Catapult. The report also features some of the other market participants such as Competitive Sports Analysis, Advanced Sports Analytics, Analytics Educational, Associated Press, Bodybuilding.com, Catapult: NHL Technology, IBM, Sports Vision Technologies, Major League Baseball (MLB), Teams, National Football League (NFL), Oracle, Motor Sports Analytics, Perform/Opta Pro, Synergy Sports, Ramp Holdings, SmartSports, Statistical Sports Consulting, TruMedia Networks, and Vista Equity Partners/STATS.
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