Sports Analytics Market to Reach $4.7 billion by 2021 Says a New Research Report at RnRMarketResearch.com
Dallas, TX (PRWEB) May 28, 2015 -- According to the market research study Sports Analytics: Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021, 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.
The 2015 study Sports Analytics: Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2021 has 472 pages, 177 tables and figures.
Worldwide markets are poised to achieve significant growth as the cloud computing for utility infrastructure and the tablets, and smart phone communications systems make the training information more cogent and more available, remaking all sporting everywhere.
Companies Profiled
Market Leaders: Stats / Prozone, Perform / Opta, TruMedia and Catapult
Market Participants: 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.
Information services will leverage automated process to leverage cloud computing: services.The value of sports analytics is the predictive capabilities provided. The best sports teams are the ones using the power of real-time information to their advantage. What to measure? What real time information is the best? Can the players game the analytics systems?
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.
Purchase a Copy of Report Sports Analytics: Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021 at http://www.rnrmarketresearch.com/contacts/purchase?rname=386872.
Sports analytics are 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.
Shift charts represent an image of changing data. In the chart above, the numbers along the top represent the shifts played during the game.. The black lines represent goals scored and show what line was on the ice offensively and defensively for each goal scored in each period, period one, period two, and period three.Sport analytics are about patterns, detecting patterns and attaching value to them by being able to predict better what players will succeed and what players will do well in a certain system. The patterns apply to teams, to players and to fans.
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.
Play of the Game is what makes sports entertainment, and the players entertainers. Hockey is a particularly appealing sport because it has so much player contact. It is a contact sport. Some of the better plyers play with finesse. Ovechkin for example, who had 27 even-strength goals this season (fifth in the league) and who scored a league-leading 24 power play goals is fun to watch. He is a premier player because of style and this makes him a fan favorite.
Explore other reports by WinterGreen Research at http://www.rnrmarketresearch.com/publisher/WinterGreen-Research.html.
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