Sports Tracking market report consists of the systematic and comprehensive market research study that provides the facts and figures in the field of marketing. The report provides market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios. For sound decision making and superior management of goods and services, these days businesses are adopting a market research report solution. An excellent Sports Tracking report has well interpreted and well categorized market research data that brings marketplace clearly into the focus.
Sports have evolved into a highly competitive arena in which individual fitness is paramount. Advanced technologies allow players to track their fitness levels as well as their performance and thus improve their performance. Tracking technologies can monitor athlete performance in real time and provide personalised individual feedback on the fitness goals of an individual session or the programme as a whole.
Data Bridge Market Research analyses that the sports tracking market was valued at USD 2.33 billion in 2021 and is expected to reach the value of USD 3.70 billion by 2029, at a CAGR of 5.95% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Sports Tracking market research report is mainly delivered to the users in the form of PDF or spreadsheet. However, PPT format can also be offered if the client has specified such requirement. The competitive landscape part of the report provides a clear insight into the market share analysis of key industry players. CAGR values for the market for an estimated forecast period of 2023 to 2029 are mentioned in the report which helps determine costing and investment values or strategies. By combining lot of efforts and leaving no stone unturned, this market report has been prepared. In addition, Sports Tracking document also offers top to bottom assessment of the market as far as income and developing business sector is concerned.
Product definition
Sports tracking employs camera or chip-based technologies to track and record the location of players, the ball, or sports equipment. It is also used to curate tactics and decisions and improve individual and team performance. It also provides basic information on significant events that occurred during a game, such as the players involved, the event time, and player substitution.
Some of the major players operating global Sports Tracking market are
- IBM Corporation (U.S.)
- Sportradar AG (Switzerland)
- Synergy Sports (U.S.)
- DataArt (U.S.)
- SAP SE (Germany)
- TABLEAU SOFTWARE, LLC (U.S.)
- SALESFORCE Inc. (U.S.)
- Oracle (U.S.)
- Qualitas Global (India)
- SAS Institute Inc (U.S.)
- HCL Technologies Limited (India)
- GlobalStep, LLC (U.S.)
- TruMedia Networks, Inc. (U.S.)
- ICEBERG Sports Analytics (Canada)
- SPORTSMECHANICS (India)
- Stats Perform (U.K.)
- Experfy, Inc. (U.S.)
- Catapult Group International Ltd. (U.S.)
- Orreco Limited (Ireland)
- Zebra Technologies Corp. (U.S.)
- Exasol (Germany)
Key Market Segments Covered in Sports Tracking Market Industry Research
Component
- Software
- Service
Application
- Player Analysis
- Team Analysis
- Health Assessment
- Video Analysis
- Others
Deployment type
- Cloud-Based
- On-Premises
Sports type
- Individual
- Team
Sports Tracking Market Regional Analysis/Insights
The sports tracking market is analysed and market size insights and trends are provided by country, component, application, deployment type and sports type as referenced above.
The countries covered in the sports tracking market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America held a largest market share. The growing demand for video analysis and AI technology in sports, as well as increased investments in cutting-edge technology by organisations such as the National Football League (NFL), Major League Baseball (MLB), and National Basketball Association (NBA) in the region, are expected to drive the market in the North American region. Tableau Software, LLC, SAP SE, and IBM Corporation are among the market leaders in sports analytics, investing heavily in research and development to meet client needs and gain a competitive advantage.
The Asia-Pacific region is expected to grow significantly during the forecast period. Countries such as Japan, India, and China are expected to see high demand due to their strong building sports cultures. The establishment of various sporting leagues, aggressive investments in sports, and digitalization are expected to play a significant role in market growth.
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Drivers
- growing competitive sporting events and tournaments
The growing number of sporting events and tournaments around the world, combined with the growing demand for real-time information to improve game decision-making, is one of the key factors driving market growth. Aside from that, sports organisations are implementing advanced technological solutions and services to analyse and monitor player performance and health and assist team management in keeping track of fraudulent activities during games. Furthermore, the increasing adoption of fitness tracking wearable devices, such as smartwatches and fitness bands, which can monitor professionals' fitness-related activities, is contributing to market growth.
- Innovations and advancements in tracking technologies
Leading industry players are launching customizable player tracking applications that incorporate radio frequency identification (RFID) technology. These devices also enable trainers to improve athletes' performance by utilising real-time data to develop training plans based on individual metrics and fatigue thresholds. Such innovations undertaken by market players are anticipated to offer lucrative opportunities for sports tracking market growth across the globe in the coming years.
Opportunity
The significant increase in investments in the sports industry for making data-driven decisions is primarily driving the growth of the global sports tracking market. The growing demand for improved wearable devices among athletes and other players to gain insights into their performance and fitness variables such as acceleration, heartbeat, and speed is driving market growth.
Restraints
However, increased investment and maintenance costs and a lack of awareness about sports technology will limit market growth and further challenge the sports tracking market during the forecast period.
This sports tracking market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sports tracking market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
How does this Sports Tracking Market Insights Help?
- Global Sports Tracking Market share (regional, product, application, end-user) both in terms of volume and revenue along with CAGR
- The Key parameters which are driving this market and restraining its growth
- What all challenges manufacturers will face as well as new opportunities and threats faced by them
- To learn about the market strategies that are being adopted by your competitors and leading organizations
- To Increase insightful analyses of the market and have a comprehensive understanding of the “Sports Tracking Market” and its commercial landscape
TABLE OF CONTENTS
- Part 01: Executive Summary
- Part 02: Scope of The Report
- Part 03: Research Methodology
- Part 04: Market Landscape
- Part 05: Pipeline Analysis
- Part 06: Market Sizing
- Part 07: Five Forces Analysis
- Part 08: Market Segmentation
- Part 09: Customer Landscape
- Part 10: Regional Landscape
- Part 11: Decision Framework
- Part 12: Drivers and Challenges
- Part 13: Market Trends
- Part 14: Vendor Landscape
- Part 15: Vendor Analysis
- Part 16: Appendix
For Detailed TOC | Follow @ https://www.databridgemarketresearch.com/toc/?dbmr=global-sports-tracking-market
Queries Resolved In This Report:
- Which will be the specialties at which Sports Tracking Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set nearness?
- Which will be the foreseen development rates for your own Sports Tracking economy out and out and furthermore for each portion inside?
- Which will be the Sports Tracking application and sorts and estimate joined intently by makers?
- Which will be the dangers which will attack growth?
- The length of the global Sports Tracking market opportunity?
- How Sports Tracking Market share advance vacillations their value from various assembling brands?
WHO SHOULD BUY THE GLOBAL SPORTS TRACKING REPORT?
People looking to enrich the decision-making capability by following points must buy the report:
- Breakdown of market share of the top Sports Tracking industry players
- Evaluations of market share for the regional and country level sectors
- Estimation of Sports Tracking market for the forecast period of all the aforementioned classes, sub classes, and the domestic markets
- Tactical recommendation for the newbies
- Tactical recommendation in primary business industries based on the Sports Tracking market forecast
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