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Sports tracking and analytics market to reach US$15.5 billion by 2023
The worldwide sport analytics market is predicted to reach an annual value of US$15.5 billion by 2023 according to a new report, Sports Player Tracking and Analytics: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023.
The massive anticipated growth of the sports analytics market, which was worth $764.3 million in 2016, is being driven by the ability to improve coaching, provide players with specific strategies for improving performance, preventing fraud in sports betting, and leveraging smart phone and social media to process information about performance improvement.
The Report focuses on key areas of growth in the sports tracking and analytics market, citing how teams that make intelligent use of sport analytics they can dominate a league.
It explains, that “as the early adopters prove that analytics make the difference between winning and losing, all teams, mangers, and fantasy sports players have adopted use of the solutions creating market growth opportunities.”
With elite teams around the world using analytics, coaches and players are leveraging information to realise significant competitive advantages.
Tablets and smart phone communications systems make training information more cogent and more available, remaking all sport management everywhere.
Video capability has been extended with analytics that provide automated capture of noteworthy player and team play events. Information services leverage automated process to make analytics more useful for fan sports enjoyment enhancement and to provide more useful information for fantasy players.
The value of sport analytics relates to the predictive capabilities provided. The best sports teams are the ones using the power of real-time information to their advantage. All teams use analytics, some are more able to integrate analytics into the decision-making process in a way that wins games. Real time information is a world of its own, some teams and players are able to integrate real time information.
Sport analytics are being used for creating fantasy leagues, giving sports fantasy players access to statistics that enhances their play of the game. It is used to improve scouting, to detect new player unusual talent and evaluate players competitive capability. Using the system, the agent gains competitive advantage with teams when they present analysis about the players they represent
Sports analytics has become the model for predictive sports business decision making. The sport business has been reorganised among teams, inspired by sports analytics. Analytics are finding innovative use in sports, leading to models for organizing and managing teams.
Sports analytics market driving forces relate to the ability to improve winning percentages and decrease the cost of paying players. By implementing metrics functions that describe how to put together a winning team without a very high payroll, sports analytics provide a winning edge to team management.
Analytics are used to figure out how a team can improve fan appeal.
A sample copy of the Report can be viewed at www.marketresearchreports.biz/sample/sample/1323388
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