Latest News

Back to Latest News back

 

Sports tracking and analytics market to reach US$15.5 billion by 2023

Sports tracking and analytics market to reach US$15.5 billion by 2023
September 17, 2017

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.”

Teams
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.

Predictive Capabilities
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.

Fantasy Sport
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

Decision Making
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 organising 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

14th September 2017 - VICTORIA UNIVERSITY SPORT SPECIALISTS JOIN FORCES WITH FIFA 

6th September 2017 - TEG ANALYTICS AND TEG REWARDS SHINE LIGHT ON GROWTH IN ESPORTS 

5th May 2017 - AFL LOOKS TO ESPORTS TO ENGAGE WITH NEW AUDIENCES 

4th May 2017 - MOST PROFESSIONAL SPORTS TEAMS TO SOON HAVE AN ESPORTS PRESENCE

28th April 2017 - ASIAN GAMES 2022 TO FEATURE ESPORTS EVENTS

7th March 2017 - AUSTRALIAN ACTIVE WEAR SALES PREDICTED TO SOAR 

6th February 2017 - LA TROBE UNIVERSITY LAUNCHES AUSTRALIA’S FIRST SPORTS ANALYTICS DEGREE

18th February 2015 - VICTORIA UNIVERSITY TEAMS UP WITH REAL MADRID TO DELIVER MASTERS PROGRAM IN SPORT MANAGEMENT 

11th November 2014 - FOOTBALL NSW SEES WINNING FORMULA WITH VISUAL ANALYTICS


Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?

As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Abel Sports

INTRODUCTION Abel Sports is Australia’s leading manufacturer and suppliers of Goal Posts, sports ground safety netting systems and coaches boxes for Stadiums ,Sports Clubs, Councils and…

read more

Recreation / Sport / Venues

 
 

SWIMPLEX AQUATICS

Swimplex Aquatics are a world-class company dedicated to the commercial pool, waterslide industry. We are Australian market leaders servicing all states Australia wide. Swimplex provide a full…

read more

Aquatics / Attractions / Design / Play / Waterparks

 
 

PlayRope

Playrope Aqua-Fun, are the Australian & New Zealand exclusive distributors for Vortex Aquatic Structures International, the world leader in aquatic playgrounds and urban water landscapes.…

read more

Aquatics / Attractions / Parks / Play / Recreation

 
 

Vivaticket

As of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as Vivaticket Pty Ltd.  Vivaticket is the ideal strategic partner for the organisation and management of your…

read more

Attractions / Entertainment / Sport / Ticketing / Venues

 
 

Riedel Communications Australia Pty Ltd

We live for media production and global events, providing real-time networks for video, audio, data and communications.

read more

Entertainment / Events / Technology / Venues

 
 

Sportybots

We are the leading providers of kids fun multi-sports programs for Sport and Recreation Centres. Programs cover twelve common sports as well as Gross Motor Skill Development and suit children from as…

read more

Fitness / Play / Recreation / Sport / Wellness

 
 

TJS Services

TJS Services is a leading national facility services provider. We deliver quality cleaning, maintenance, construction and facility management services to over 1,500 sites Australia wide.  Our…

read more

Hospitality / Retail / Venues

 
 

AUSTRALIAN WATERSLIDES AND LEISURE

A leading designer and manufacturer of innovative waterslides and attractions, Australian Waterslides and Leisure (AWL) is also able to advise clients in the areas of concept and design, feasibility…

read more

Aquatics / Attractions / Play / Waterparks

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business