Sports Analytics Market Worth $4.7 Billion by 2021

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Jun 25, 2015, 02:20 ET

DALLAS, June 25, 2015 /PRNewswire/ --

The Sports Analytics Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021 research report says value of sports analytics is the predictive capabilities provided and the best sports teams are the ones using the power of real-time information to their advantage.

Complete report on sports analytics market spread across 472 pages, talking about 25 companies and supported with 177 tables and figures is now available at http://www.reportsnreports.com/reports/401107-sports-analytics-market-shares-strategies-and-forecasts-worldwide-2015-to-2021.html .

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. The data about the sport is relevant in a lot of different ways; some teams are more able than others to harness the patterns to their benefit. Does it make a difference? Do the teams with better analytics win? Apparently so. The MIT sports analytics conference is a testament to the value of technology in sports. In hockey, analytics has been adopted big time, the trend this summer of 2015 has been for NHL clubs to hire bloggers and website operators so their content is proprietary.

Sports teams have discovered that with intelligent use of sports analytics they can dominate a league. As the early adopters prove that analytics makes the difference between winning and losing, all teams, mangers, and fantasy sports players need to adopt use of the solutions creating market growth opportunities. Sports analytics market size at $125 million in 2014 is anticipated to reach $4.7 billion by 2021. Significant growth is driven by the smart phone and social media in addition to cloud computing market penetration. With smart phones and tablets beginning to get significant uptake all over the world sports analytics play into that market expansion. Growth is a result of sports league and team department efforts.

Companies profiled and/or discussed in this sports analytics market report to 2021 include Stats / Prozone, Perform / Opta, TruMedia and Catapult as market leaders while other market participants' list covers Advanced Sports Analytics, Analytics Educational, Associated Press, Bodybuilding.com, Catapult: NHL Technology, Competitive Sports Analysis, IBM, Major League Baseball (MLB), Teams, Motor Sports Analytics, National Football League (NFL), Oracle, Perform / Opta Pro, Ramp Holdings, SmartSports, SmartSports / Sportvision, Sports Vision Technologies, Statistical Sports Consulting, Synergy Sports, TruMedia Networks and Vista Equity Partners / STATS. Order a copy of this sports analytics market 2015-2021 research report at http://www.reportsnreports.com/Purchase.aspx?name=401107 .

Worldwide sports analytics market is poised to achieve significant growth as the cloud computing for utility infrastructure and the tablets and smart phone communications systems make training information more cogent and more available, remaking all sporting everywhere. Sports become the model for predictive business decision making. Business has been reorganized among teams, inspired by sports. Analytics, developed by businesses are finding innovative use in sports, leading to models for business to organize and manage teams.

On a related note, another research titled Motion Simulation Market by Type (Hydraulic and Actuator), Degree of Freedom (Two DOF, Three DOF, and Six DOF), Application (Automotive, Defense, Entertainment, Healthcare, Mining, R&D, Sports, and Textile), and Region - Forecast to 2020 says human motion simulation is considered to have matured enough for commercial use, and thus its market is expected to grow at a CAGR of 9.46% between 2015 and 2020. This report includes human motion simulation market, also known as digital human modeling (DHM), which is separately, analyzed on the basis of its applications, namely, automotive, defense, research and development, sports, and textile and regions.

The factors driving the market include the stringent regulation in the aviation industry for stimulated training, huge opportunity for cost saving, growing emphasis on patient safety, and digitization of the human body structure. The high research and development requirement and the availability of limited funding for healthcare systems are the factor restraining the growth of the motion simulation market. The huge cost of implementation of motion simulation systems presents a major challenge for the market. On the basis of region, North America dominated the motion simulation market,and it is expected to grow at a CAGR of ~5% between 2015 and 2020. The motion simulation market in APAC is expected to grow at the highest CAGR of ~10% between 2015 and 2020. The rising demand forcost-effective training solutions would give an impetus for the growth of the APAC market. APAC represents a huge opportunity for motion simulation systems as companies in this region have started realizing the benefits of simulation-based training in applications including defense and automotive. The human motion simulation market in APAC is expected to grow at the highest CAGR of ~11% between 2015 and 2020.North America accounted for a high market share of ~40% in 2014, as most companies using motion simulation systems are located in this region.

The major players involved in the development of the motion simulation market include CAE Inc. (Canada), Moog Inc. (U.S.), Siemens AG (Germany), Dassault Systems SA (France), Laerdal Medical AS (Norway), Human solutions GmbH (Germany), Bosch Rexroth AG (Germany), Exponent Inc. (U.S.), Santos Human Inc. (U.S.), and Thoroughbred Technologies (Pty) Ltd. (South Africa). Order a copy of Motion Simulation Market by Type (Hydraulic and Actuator), Degree of Freedom (Two DOF, Three DOF, and Six DOF), Application (Automotive, Defense, Entertainment, Healthcare, Mining, R&D, Sports, and Textile), and Region - Forecast to 2020 research report at http://www.reportsnreports.com/Purchase.aspx?name=383453 .

Explore more reports on semiconductors and electronics market as well as the overall IT & Telecommunications industry at http://www.reportsnreports.com/market-research/information-technology/ .

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