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Sports Analytics Market size is set to grow by USD 6.01 billion from 2024-2028, Increase in adoption of cloud-based deployment solutions to boost the market growth, Technavio

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NEW YORK, July 9, 2024 /PRNewswire/ — The global sports analytics market is estimated to grow by USD 6,.01 billion from 2024-2028, at a CAGR of 26.06%, according to Technavio. Analytics in sports marketing enhances team performance, fan engagement, and strategic decision-making. The rise in cloud-based deployment solutions and wearable devices drives market growth, though limited ROI potential poses a challenge. Key players include Blinkfire Analytics, Catapult Group, ChyronHego, Deltatre, and others. This technology revolutionizes sports marketing by providing actionable insights that optimize marketing strategies and boost revenue.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Football, Cricket, Hockey, Tennis, and Others), Solution (Player analysis, Team performance analysis, Health assessment, Fan engagement analysis, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Blinkfire Analytics Inc., Catapult Group International Ltd., ChyronHego Corp., Deltatre SpA, ExlService Holdings Inc., Experfy Inc., International Business Machines Corp., iSportsAnalysis Ltd., The Nielsen Co. US LLC, Oracle Corp., Qualitas Global Services B.V., Salesforce Inc., SAP SE, SAS Institute Inc., Sportcor, Sportradar Group AG, SportsSource Analytics, Stats Perform group of companies, TruMedia Networks Inc., and Zebra Technologies Corp.

Key Market Trends Fueling Growth

The global sports market and sports analytics market are experiencing notable growth due to technological advancements. Wearable devices, such as Fitbit trackers and smartwatches, are increasingly used in the sports industry. These devices, equipped with sensors, enable athletes and coaches to monitor and track fitness parameters, including heart rate and body chemistry. Specialized wearables cater to various sports, like boxing and basketball, providing real-time performance data and injury alerts. The collected data is analyzed using sports analytics platforms, offering valuable insights for optimizing training and performance. In popular sports, tracking systems and satellite technology may not always provide accurate data due to varying player speeds and endurance levels. Wearables, on the other hand, can calculate players’ fitness levels in relation to fatigue, providing accurate data to sports management. Prevent Biometrics’ smart MouthGuards and VEXATEC’s multifunctional T-shirt are innovative solutions that gather valuable data to prevent injuries and enhance performance. The growing availability of smartwatches and increasing consumer interest in developing markets further fuel the adoption of wearables, ultimately driving the growth of the global sports analytics market. 

The Sports Analytics Market is experiencing significant growth, particularly in the off-field segment. This includes video analytics, bio analytics, and smart wearable technology. The National Football League (NFL) and National Basketball Association (NBA) are leading the charge, using on-field data to enhance team performance and individual player analysis. Off-field data is also crucial for strategies like team selection processes, player lineups, and real-time data during training sessions. AI, ML, and Big Data are driving innovation, with applications in injury prediction, training curriculum optimization, and winning probabilities. Fans and sports betting industries are leveraging these sports analytics solutions. Coaches, management officials, athletes, and even teams’ data science and business knowledge are essential for effective implementation. The global industry’s future lies in real-time data, predictive modeling, and internet proliferation. 

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Market Challenges

The global sports analytics market faces challenges in generating significant revenue due to limited IT budgets among sports teams and organizations, leading to a preference for free models like open-source software. Although the freemium model boosts adoption, it does not ensure consistent revenue flow. Software prices are under pressure due to budget constraints, forcing vendors to re-evaluate their offerings and delivery models. Vendors are adopting term licensing, SaaS, and commercial open-source models to accommodate changing supplier demands. However, increasing software prices may negatively impact adoption and hinder vendors from achieving short-term ROI, which can limit business expansion in the sports analytics market.The Sports Analytics Market is experiencing significant growth due to the increasing adoption of AI-based technologies in the sports industry. Win-loss records and unique insights from sports dynamics are essential for clubs and teams to gain a competitive edge. However, market readiness and technology adoption present challenges. AI and machine learning technologies are transforming the fan experience, but scalability, cost, access, and uninterrupted service remain key concerns. The competitive nature of sports necessitates quick adoption of innovative technologies like IoT, cloud, mobility, and social media. However, small sports firms face challenges such as lack of awareness, data silos, and integration of data. Industry experts predict a rapid digital transformation in the sports analytics market, with football sports data leaders like Opta driving the trend. Football clubs and leagues are embracing big data analytics to stay ahead, but the changing sports dynamics and social media impact add complexity. On-field segment solutions require cloud deployment or on-premises deployment, depending on the specific needs of the organization.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This sports analytics market report extensively covers market segmentation by

Type 1.1 Football1.2 Cricket1.3 Hockey1.4 Tennis1.5 OthersSolution 2.1 Player analysis2.2 Team performance analysis2.3 Health assessment2.4 Fan engagement analysis2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Football-  The Sports Analytics Market is a growing industry that uses data and statistical analysis to enhance sports performance and fan engagement. Teams and leagues use advanced analytics to make informed decisions on player performance, injury prevention, and strategic planning. Sponsors and broadcasters leverage data to optimize marketing efforts and enhance viewer experience. The market’s value is expected to increase due to the rising popularity of sports and the availability of affordable data analytics tools.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Sports Analytics Market is experiencing exponential growth due to the integration of ML (Machine Learning), Big Data, and Predictive Modeling. These technologies are revolutionizing the sports industry by providing valuable insights to coaches, management officials, and athletes. With the proliferation of the internet and the availability of vast amounts of data, Data Analytics and Data Science have become essential tools for enhancing game skills, strategy, and team performance. ML algorithms analyze win-loss records, player statistics, and injury data to identify trends and patterns, enabling teams to make informed decisions. AI-based technologies are used to analyze off-field data, such as social media sentiment and fan behavior, to gain a competitive edge. Team managers use these insights to develop effective training curriculums and strategies, while players benefit from personalized performance analysis. Sports analytics solutions provide real-time data on player lineups, team performance, and injuries, enabling coaches to make strategic decisions during sporting events. The use of data-driven insights has become a game-changer in the sports industry, transforming the way teams approach strategy, training, and performance analysis.

Market Research Overview

The global sports analytics market is experiencing significant growth due to the integration of ML (Machine Learning) and Big Data in the industry. Predictive modeling is becoming increasingly popular among coaches, management officials, and athletes to gain unique insights into game skills, strategy, performance, and win-loss records. The proliferation of the internet and data analytics have made it possible to collect and analyze vast amounts of data in real-time, enabling teams to make informed decisions. AI-based technologies, such as machine learning and deep learning, are being adopted to gain a competitive edge in the sports industry. Core sports analytics involves analyzing sports dynamics using data science, business knowledge, and analytical skills. The market is also witnessing the adoption of cloud-based solutions for scalability, cost, access, and uninterrupted service. The competitive nature of sports has led to the use of innovative technologies like IoT, AI, and machine learning technologies to gain a better understanding of sports dynamics. Fans are also benefiting from these advancements with unique insights into their favorite teams and players. However, the industry faces challenges such as data capacity, integration of data, and data silos. Small sports firms may lack awareness and resources to adopt these technologies. The on-field segment of sports analytics involves analyzing player performance, injuries, and training curriculum, while the off-field segment focuses on team selection processes, player lineups, and strategies. The use of video analytics, bio analytics, and smart wearable technology is also gaining popularity. The National Football League (NFL) and National Basketball Association (NBA) are leading the way in the adoption of sports analytics, with football sports data providers like Opta providing valuable data to clubs and teams. The changing sports dynamics and rising technology adoption are driving the market readiness for sports analytics solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeFootballCricketHockeyTennisOthersSolutionPlayer AnalysisTeam Performance AnalysisHealth AssessmentFan Engagement AnalysisOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Infiniti Research, Inc.

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RED Digital Announces Z-Mount Versions of the V-RAPTOR [X] and KOMODO [X]; Price, Preorder and More Info at B&H

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Video News: RED Digital Cinema is bringing the Nikon Z-Mount to their V-RAPTOR [X] and KOMODO [X] cinema cameras, alongside Z-to-PL adapters with drop-in ND filters.

NEW YORK, Feb. 13, 2025 /PRNewswire/ — B&H is pleased to announce new iteration of RED’s popular V-RAPTOR [X] and KOMODO [X] cinema cameras, now with locking Nikon Z-mounts. Releasing alongside these models are new Z-to-PL mount adapters, some with electronic ND filters, as well as conversion kits for shooters who want to add a Z-mount to existing V-RAPTOR [X] or KOMODO bodies.

RED DIGITAL CINEMA KOMODO-X Z Mount 6K Digital Cinema Camera (Nikon Z)
https://www.bhphotovideo.com/c/product/1878415-REG/red_digital_cinema_710_0420_komodo_x_nikon_z.html  

KOMODO-X Z Mount 6K Digital Cinema Camera:19.9MP Super 35 Global Shutter CMOSReinforced, Locking Nikon Z Lens MountAdjustable AF, Smooth Iris ControlCompact KOMODO Line DesignUp to 6K80p & 4K120p Video12G-SDI, USB-C, 5-Pin Audio Ports6K Streaming via RED Connect LicenseWireless Control, File Offload via Wi-FiIntegrated 2.9″ TouchscreenIncludes AC Adapter

The V-RAPTOR [X] 8K VV pairs a global shutter with a full-frame VistaVision-sized sensor. The camera originally came with a locking RF-mount, but will now be available with a locking Z-mount. This new version can be purchased by itself, in a Production Pack with Gold Mount or V-Mount batteries, or in a Starter Pack with a 7″ touchscreen and V-Mount batteries. Alternatively, you can purchase a Z-Mount Conversion Kit for existing V-RAPTOR [X] bodies, or a Z-Mount Upgrade Kit if you have older V-RAPTOR iterations like the V-RAPTOR 8K S35 or 6K S35.

RED DIGITAL CINEMA V-RAPTOR [X] 8K VV Camera (Nikon Z)
https://www.bhphotovideo.com/c/product/1878414-REG/red_digital_cinema_710_0419_v_raptor_x_z_mount.html 

V-RAPTOR [X] 8K VV Camera:Global Shutter Full-Frame VV SensorReinforced, Locking Nikon Z Lens MountAdjustable AF, Smooth Iris ControlGlobal Vision with Extended HighlightsPhantom Track for Ghost Frame, RemappingSupports up to 8K120, 800 MB/s Video17+ Stops of Dynamic RangeRight-Side Assistant’s User InterfaceREDCODE Raw HQ, MQ, LQ | ProRes OptionsDSMC3 Design, USB-C & Dual 12G-SDI Ports

The KOMODO-X 6K sports a global shutter as well, alongside a Super 35-sized sensor and a compact body. Like the V-RAPTOR [X], the KOMODO-X originally shipped with a locking RF-mount, but will now be available in a new Z-mount variation. The Z-mount body is available by itself, in a Production Pack with Gold Mount or V-Mount batteries, or in a Power Zoom Pack with the versatile Nikon NIKKOR Z 28-135mm f/4 PZ lens. This full-frame power zoom lens is custom-built for video work. There is also a Z-Mount Conversion Kit available for existing KOMODO-X owners.

Complementing these new cameras are four Z-to-PL adapters that support Cookie /i lens communication and record triggering. These V-RAPTOR [X] and KOMODO-X adapters are available in standard configurations or with a dial-in 2-7 stop electronic neutral density filter. You can adjust the ND by ¼, 1/3, or full stop increments via integrated buttons on the adapter or through existing RED control protocols on monitors and apps.

Learn More about the newest RED Z Mount Cinema Cameras                   
https://www.bhphotovideo.com/explora/video/news/red-announces-z-mount-versions-of-the-v-raptor-x-and-komodo-x

Red Digital Cinema
https://www.bhphotovideo.com/c/browse/red/ci/36678/N/3509699958 

Red V- Raptor X Cameras                                                 
https://www.bhphotovideo.com/c/browse/raptor-x-cameras/ci/59049 

RED KOMODO Cameras
https://www.bhphotovideo.com/c/browse/red-komodo-cameras/ci/59048 

RED V-RAPTOR Cameras
https://www.bhphotovideo.com/c/browse/red-dsmc3-cameras/ci/53954 

Tripods – Camera Tripods
https://www.bhphotovideo.com/c/browse/Tripods-Support/ci/8159/N/4075788743

Camera Bags
https://www.bhphotovideo.com/c/browse/Bags-Cases-Carrying-Equipment/ci/167/N/4075788798

More Categories

USB C Headphones
https://www.bhphotovideo.com/c/buy/usb-c-headphones/ci/59912

Curved Gaming Monitors
https://www.bhphotovideo.com/c/buy/curved-gaming-monitors/ci/59914

External Hard Drives
https://www.bhphotovideo.com/c/browse/external-drives/ci/30538

4K Monitors
https://www.bhphotovideo.com/c/buy/4k-monitors/ci/59915

About B&H Photo Video

As the world’s largest source of photography, video, and audio equipment, as well as computers, drones, and home and portable entertainment, B&H is known worldwide for its attentive, knowledgeable sales force and excellent customer service, including fast, reliable shipping. B&H has been satisfying customers worldwide for more than 50 years. 

Visitors to the website can access a variety of educational videos and enlightening articles. The B&H YouTube Channel has an unmatched wealth of educational content. Our entertaining and informative videos feature product overviews from our in-house specialists. You can view the B&H Event Space presentations from many of the world’s foremost experts and interviews with some of technology’s most dynamic personalities. Tap into this exciting resource by subscribing to the B&H YouTube Channel here. In addition to videos, the B&H Explora blog presents new product announcements, gear reviews, helpful guides, and tech news written by product experts and industry professionals, as well as our award-winning podcasts.

When you’re in Manhattan, take a tour of the B&H Photo SuperStore, located at 420 Ninth Avenue. The techno-carousel spins all year round at the counters and kiosks at B&H. With hundreds of products on display, the B&H Photo SuperStore is the place to test-drive and compare all the latest gear.

The B&H Payboo Credit Card offers the industry’s best instant savings and special financing, subject to credit approval. Visit B&H’s Payboo Page to learn more and apply.

Contact Information
Geoffrey Ngai

B&H Photo Video

212-615-8820
https://www.bhphotovideo.com/ 

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SOURCE B&H Photo

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ION partners with Avalara to tackle tax compliance risks in energy trading

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LONDON, Feb. 13, 2025 /PRNewswire/ — ION Commodities, a global leader in energy and commodity management solutions, announces its strategic partnership with Avalara, a leading provider of cloud-based tax compliance automation for businesses of all sizes. As a technology partner in Avalara’s Partner Program, ION Commodities’ solutions will standardize integration with Avalara’s AvaTax for Energy tax engine solution to address the complexities of tax compliance in energy trading and logistics.

Tax compliance in energy markets requires navigating complex and dynamic tax rates and rules across multiple jurisdictions. This partnership between ION and Avalara will reduce the risk of incorrect or delayed tax calculations, thus helping firms to avoid financial penalties, audit risks, and increasing operational efficiency. 

The forthcoming integration will offer energy companies an automated, more accurate, and scalable tax compliance solution, enabling real-time tax calculation, reducing reliance on manual processes, and minimizing errors. Customers will also benefit from streamlined operations, enhanced decision-making, and reduced administrative overhead, allowing greater focus on core trading and operational objectives.

The combination of Avalara’s industry-standard expertise in compliance automation and ION Commodities’ industry-leading commodity management platforms will deliver an end-to-end solution for trading, risk, logistics, and tax management tailored to the evolving needs of the energy sector.

“Tax compliance is one of the most onerous factors impacting energy and commodities enterprises, and their ability to scale and operate efficiently,” said Steve Lacoff, Vice President and General Manager at Avalara. “Our partnership with ION gives mutual customers in these sectors a greatly simplified path to compliance automation, with reduced compliance risk, and greater operational efficiency.”

“Collaborating with Avalara aligns with our mission to deliver comprehensive, integrated solutions for the energy and commodities industry,” said Sunil Biswas, Chief Executive Officer at ION Corporates. “This partnership enhances our offering with advanced tax compliance capabilities, empowering our community to navigate the complexities of tax regulations with confidence.”

About ION
ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/.

About ION Commodities
ION Commodities delivers data-driven energy and commodities trading and risk management solutions across the supply chain. Our scalable ETRM and CTRM solutions equip clients with real-time risk analytics and reporting, minimize supply chain risks, automate critical business processes, and make faster, more informed decisions. We provide full support and transparency for procurement, supply, and trading to a global community of over 1,200 clients. For more information, visit https://iongroup.com/commodities/

About Avalara
Avalara makes tax compliance faster, easier, and more accurate, reliable, and valuable for 41,000+ business and government customers in over 75 countries. Tax compliance automation software solutions from Avalara leverage 1,200+ signed partner integrations across leading ecommerce, ERP, and other billing systems to power tax calculations, document management, tax return filing, and tax content access. Visit avalara.com to improve your compliance journey. https://www.avalara.com/us/en/index.html

All product and company names herein may be trademarks of their registered owners.

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SOURCE ION

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Newronika Closes €13.6 Million Series B Financing to Accelerate Development of Adaptive DBS Platform

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MILAN, Feb. 13, 2025 /PRNewswire/ — Newronika, a global leader in advanced deep brain stimulation, is pleased to announce the successful closing of its €13.6 million Series B funding round. The financing was led by a new investor, Fondazione ENEA Tech e Biomedical, with additional participation from existing investors Indaco Venture Partners SGR, Innogest SGR, Wille Finance, TNBT Capital, and F3F.

This significant influx of capital will empower Newronika to expand the clinical validation and commercialization of its proprietary adaptive DBS system, its innovative platform designed to deliver precision therapy aimed to improve symptom relief and reduce side effects for Parkinson’s disease patients. The funds will also facilitate the advancement of product pipelines, recruiting top-tier talent, and establishing strategic collaborations that further strengthen the company’s position at the intersection of medical device engineering and neuroscience.

Newronika’s continued momentum – evidenced by recent The Michael J. Fox Foundation grant and IDE approval, and now a substantial funding round – underscores the company’s central mission: to champion a paradigm shift in neuromodulation. Adaptive DBS represents the future of personalized brain stimulation, and Newronika remains dedicated to leading that evolution.

“We are thrilled with the strong support from both new and existing investors,” said Dr. Lorenzo Rossi, Co-Founder and CEO of Newronika. “This Series B round validates our commitment to transform the way deep brain stimulation is delivered. We aim to seamlessly integrate real-time neural data and machine learning into our DBS systems to create truly personalized therapies that surpass the capabilities of existing devices on the market.”

“With Newronika and its adaptive DBS platform, we see extraordinary potential to revolutionize the treatment of movement disorders on a global scale,” said Maria Cristina Porta, ENEA Tech e Biomedical General Manager. “Their innovative approach, capable of real-time, personalized neuromodulation, perfectly aligns with our vision of supporting disruptive medical technologies. We are excited to partner with Newronika to deliver next-generation DBS solutions to patients in need. Investing in technologies like this means caring for people’s health while creating value and driving innovation within our Country’s ecosystem.”

Davide Turco, CEO of Indaco said: “Indaco is proud to continue supporting Newronika, also through its Indaco Venture I – Lombardia Parallel Fund, in the upcoming clinical and commercial phases. We strongly believe that Newronika’s adaptive DBS system will improve the quality of life for many Parkinson’s patients.”

“This successful Series B financing round further solidifies Newronika’s strategic vision and commitment to pushing the boundaries of DBS technology to benefit patients” said Claudio Giuliano, Chairman of Newronika.

About the Investors

ENEA Tech e Biomedical is an Italian foundation supporting high-impact projects in biotechnology, medical devices, and life sciences, focusing on transformative solutions for global healthcare challenges. (https://www.fondazioneneatechbiomedical.it)

Indaco Venture Partners SGR is one of Italy’s largest venture capital firms, investing equally through its Indaco Ventures I fund and Indaco Venture I – Lombardia Parallel Fund to support cutting-edge innovations in healthcare and technology. Indaco Venture I – Lombardia Parallel Fund is an investment fund managed by Indaco Venture SGR S.p.A., selected through a public procedure by Regione Lombardia as part of the regional initiative Lombardia Venture, a fund of funds financed by ERDF PR 21-27 (Action 1.3.2) and managed by Finlombarda, which aims to support access to risk capital by Lombardy companies and to attract risk capital investment in companies through a partnership approach with private investors. Indaco Venture I – Lombardia Parallel Fund systematically co-invests with the Indaco Venture I Fund in companies operating in the region with high potential for technological innovation. (www.indacosgr.com)

Innogest SGR is a venture capital firm specializing in med-tech and digital health, leveraging its extensive experience to foster innovative healthcare startups. (https://www.innogestcapital.com)

Wille Finance is a Swiss-based multi-family office committed to impactful investments in healthcare, technology, and other transformative sectors. (https://www.willefinance.com)

TNBT Capital is a Paris-based investor focused on pioneering technologies in neuromodulation and neurotechnology. (https://www.tnbtcapital.com)

F3F is an Italian venture capital firm investing in innovative med-tech companies that are redefining patient care.

About Newronika

Newronika is transforming deep brain stimulation (DBS) through its adaptive platform that uses real-time patient data to optimize therapy. Headquartered in Milan, Italy, the company is committed to advancing neuromodulation beyond conventional limitations. With ongoing research collaborations, a CE Mark for its technology, and now an Investigational Device Exemption from the FDA, Newronika stands at the forefront of next-generation therapeutic innovation for neurological disorders.

For more information, visit www.newronika.com or follow us on LinkedIn.

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