Dublin, May 07, 2019 (GLOBE NEWSWIRE) -- The "Player Tracking Market by Component, Solution, End User, Application, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
"Growing demand for real-time data access and rising demand for predictive insights into fan preferences in the arena of sports are some of the major factors driving the growth of player tracking market"
The global player tracking market is expected to grow from USD 2.1 billion in 2018 to USD 7.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 27.8% during the forecast period. The player tracking market is driven by various factors, such as growing demand for real-time data collection and analysis and availability of cost-effective and high-end computing solutions in the area of sports. However, lack of awareness of technology in sports and budget constraints among sports associations can hinder the growth of the market.
Optical solutions provide real-time live streaming in large areas, such as training field and stadium to monitor gameplay of all the players on the field/court of play. It helps in tracking player performance using HD cameras, software, and statistical algorithms in real-time. Furthermore, it provides recorded videos to coaches and team management for post-match discussion to understand and device game strategy in preceding matches. It helps in monitoring some of the key features, such as speed, distance run, stamina, acceleration, and team formations through the optical player tracking solutions. Some of the world's largest sports league, such as Ligue de Football Professional, Series A, Qatar Stars League have installed optical player tracking solutions in their stadiums. Organizations, such as STATS and Chyronhego are offering optical solutions in the player tracking market. Following increasing awareness among team management, associations, and league organizers, optical solution segment is likely to gain traction during the forecast period.
"Fitness application segment is expected to hold the highest market share during the forecast period"
Fitness tracking application is one of the areas where player tracking solution adoption is high. Player tracking devices or solutions are worn on the wrist, chest, or ears, and designed to monitor outdoor activities with accuracy and reliability for fitness application. These solutions are used to track and monitor different sports activities and analyze various fitness-related metrics, such as speed, distance, exhalation, sleeping habits, and pulse rates. Most of the organizations, such as Catapult sports, Chyronhego, Indiegogo, Stat Sports are offering player tracking solutions in fitness tracking. Thus, the fitness application segment is likely to dominate the player tracking market during the forecast period owing to increased awareness among athletes and team management to focus on individual fitness and avoid match day mishaps.
"Asia Pacific (APAC) is expected to record the highest growth rate during the forecast period"
The APAC region comprises key economies such as India, China, Australia, Pakistan, Sri Lanka, and Bangladesh which organize series of sports leagues, and participate in world sports events featuring cricket, hockey, badminton, athletics, and more. Continuous growth in internet penetration, cloud technology, and smart devices penetration among various sports organizations in the region are driving the adoption of player tracking solutions in the region. Domestic leagues in the region use extensive technology-based wearable and optical devices to track player performance and behavior on the field. Apart from league associations, team management leverage player tracking systems to track player health metrics, performance, and behavior on and off the field. Government across key economies are emphasizing on improving the performance of athletes playing individual sports on a national and international level. Owing to these factors, APAC is expected to witness a healthy growth rate during the forecast period. Meanwhile, North America is projected to hold the largest market size during the forecast period.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primary Profiles
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Microquadrant Methodology
2.6 Assumptions for the Study
2.7 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in the Player Tracking Market
4.2 Market By Component, 2018
4.3 Market By Solution, 2018 vs 2023
4.4 Market By End User, 2018 vs 2023
4.5 Market By Application, 2018 vs 2023
4.6 Market Investment Scenario, 2018-2023
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Amount of On-Field Data
5.2.1.2 Growing Demand for Real-Time Data Access
5.2.1.3 Rising Demand for Predictive Insights Into Fan Preferences
5.2.2 Restraints
5.2.2.1 Lack of Awareness of Technology in Sports
5.2.2.2 Budget Constraints May Reduce Adoption of Sports Analytics
5.2.3 Opportunities
5.2.3.1 Availability of Cost-Effective and High-End Computing Solutions
5.2.3.2 Streaming of Complex Data to Increase Demand for Analytics
5.2.4 Challenges
5.2.4.1 Low Optical Luminous and Game Speed
5.2.4.2 Lack of Professionals With Appropriate Analytical Skills
5.3 Use Cases
5.3.1 to Hone Real-Time Stadium Operations
5.3.2 to Measure and Improve Athlete Performance
5.4 Industry Trends
5.4.1 Introduction
5.4.2 Value-Chain Analysis
5.4.3 Strategic Benchmarking
6 Player Tracking Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Increasing Demand for User-Driven Automated Tracking Solutions to Drive the Growth of the Market
6.3 Services
6.3.1 Growing Demand for Optical Solutions Among Team Sports to Drive the Growth of Services in the Market
7 Player Tracking Market, By Solution
7.1 Introduction
7.2 Wearables
7.2.1 Smart Glasses
7.2.1.1 Deployment of New Solutions in Smart Glasses to Increase the Demand for Player Tracking Solutions
7.2.2 Smart Watches and Fitness Bands
7.2.2.1 Increasing Awareness of Fitness Monitoring Activities Among Players to Fuel the Demand for Smart Watches and Fitness Bands in the Market
7.2.3 Vests
7.2.3.1 Increasing Demand for Vests Tracking Solutions Among Team Sports to Drive the Growth of the Market
7.3 Optical
7.3.1 Growing Demand for Installing Real-Time Monitoring Optical Solutions in Stadiums to Drive the Growth of the Market
7.4 Application-Based
7.4.1 Increasing Adoption of Mobile-Based Applications to Monitor Fitness-Related Activities Driving the Growth of the Market
8 Player Tracking Market, By End User
9 Player Tracking Market, By Application
9.1 Introduction
9.2 Fitness
9.2.1 Increasing Adoption of Smart Watches and Fitness Bands to Monitor Fitness-Related Activities Driving the Growth of the Player Tracking Market
9.3 Performance
9.3.1 Need for Performance Monitoring Across Various Sports to Drive the Adoption of Player Tracking Solutions
9.4 Behavior
9.4.1 Need for Monitoring Real-Time Behavioral Issues Among Players to Drive the Adoption of Player Tracking Solutions
9.5 Player Safety
9.5.1 Increasing Popularity of Fast-Paced Sports Across Geographies to Increase the Adoption of Player Tracking Solutions
10 Player Tracking Market, By Region
11 Competitive Landscape
11.1 Microquadrant Overview
11.1.1 Visionary Leaders
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
11.2 Competitive Landscape Overview
11.3 Competitive Scenario
11.3.1 New Product Launches/Product Enhancements
11.3.2 Partnerships, Agreements, and Collaborations
11.3.3 Mergers and Acquisitions
12 Company Profiles
12.1 Introduction
12.2 Zebra Technologies
12.3 Catapult Sports
12.4 Statsports
12.5 Chyronhego
12.6 Stats
12.7 Kinexon
12.8 Polar
12.9 Playgineering
12.10 Sonda Sports
12.11 Johan Sports
12.12 Exelio
12.13 Q-Track
12.14 Advanced Sports Analytics
12.15 Xampion
12.16 Sports Performance Tracking
For more information about this report visit https://www.researchandmarkets.com/r/4oy09g
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.