Need for advanced metrics for on-field data to train various sports athletes and rise in demand for real-time data access with the aim to improve athlete performance are the major factors that drive the growth of the player tracking market.
In addition, growth in the popularity of televised sporting events and changing fan preferences fuels the growth of the market. However, lack of technology awareness in sports activities and budget constraints hamper the global market growth.
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Furthermore, the advent of high-end computing solutions for player tracking technology and complex data streaming to increase demand for analytics are anticipated to provide major opportunities for the market. New avenues in the player tracking market will also emerge from recent advancements in wearable technology and relentless advances being made in high-end computing solutions.
Key applications of this system include fitness tracking, performance tracking, fraud detection, and player safety. There are various wearable devices that are automated to get a precise understanding of the on-field data of the players and provide significant growth opportunities for the market.
The player tracking market is segmented into components, end users, applications, and regions. In terms of components, it is bifurcated into solutions and services. The solution segment is further sub-segmented into wearable, optical, and application. In terms of end users, it is categorized into individual sports and team sports.
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Individual sports are further bifurcated into golf, tennis, boxing, formula 1 sport, and others. Also, team sports are sub-segmented into soccer, hockey, basketball, rugby, cricket, and others. On the basis of application, it is divided into fitness, performance, behavior, and player safety. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the player tracking market analysis are STATS LLC, Zebra Technologies Corp., ChyronHego Corporation, Polar Electro, PlayGineering, Sonda Sports Ltd., JOHAN Sports., Q-Track, Xampion, and STATSports Group. Current and future smart space player tracking market trends are outlined to determine the overall attractiveness of the market.
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KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global player tracking market along with the current trends and future estimations to elucidate the imminent investment pockets.
- Information about the key drivers, restraints, and opportunities and their impact analysis on the player tracking market share is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the player tracking industry.
- The quantitative analysis of the market is provided to determine the market potential.
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