Sports Analytics Market Size- KBV Research

The Global Sports Analytics Market size is expected to reach $4.3 billion by 2025, rising at a market growth of 26.8% CAGR during the forecast period. 

Sports analytics is the process of applying data collected from a team performance under different circumstances to improve the team's performance and to help make better decisions. It is the compilation of historical statistics that provide an individual or team with a viable benefit if used appropriately. Sports analytics' main objective is to enhance player performance and preserve the fan base of various large sports organizations and sports clubs.

Traditionally, sports were a mere chance game where the result depended purely on players' ability. With the introduction of digitization and the subsequent increase in analytics adoption, sports have become number games where the chances of winning the game rely on the level of analytics being adopted to determine the in-game strategy. Sports analytics provide the sports associations, players, coaches, and other stakeholders with a platform to gain insight into the player's performance and thus the team performance as a whole, which can help drive market growth during the forecast period. In addition, the use of analytical tools in sports has established the industry of fantasy gaming. Data generated through sports analytics are used in fantasy games like fantasy baseball, fantasy football, and fantasy cricket where sports enthusiasts gain insight into players' actual statistics based on the last game's calculations. The person playing the fantasy sport selects players of his own choosing using that information, thereby increasing the involvement in the game. Growing adoption and involvement in fantasy gaming has led to the need for analytics in sports that will also act as a market driver in the years to come.

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