What is the Global market size of the Player Tracking System Market?

Global Player Tracking System Market Size was valued at USD 4.3 billion in 2021, and USD 5.1 Billion in 2022 and it is expected to reach a value of USD 10.6 billion by 2030, at a CAGR of 21.3% over the forecast period (2023-2030).

What is the key driver of the Global Player Tracking System Market?

With the pandemic shifting the focus to more engagement activities and player analytics than ever before, sporting events have seen a significant surge in funding, which has fueled the demand for monitoring devices on a global scale. The rising popularity of sports is boosting fitness-related regimens that fans follow their favorite athletes for, which is boosting the demand for player tracking devices.

What is the key market trend for the Global Player Tracking System Market?

The main drivers of the growth of the player tracking market are the desire for real-time data access and the need for improved analytics for on-field data to train athletes in a variety of sports. The industry is also expanding because of the popularity of broadcast sporting events rising and shifting audience preferences. Budgetary restrictions and a lack of technology awareness in sporting activities, however, limit the expansion of the global industry. Furthermore, it is expected that the market will experience significant growth due to the introduction of high-end computer solutions for player monitoring technology and complex data streaming to meet the growing need for analytics. Additionally, current developments in wearable technology and the persistent advancements being made in high-end computing systems will open up new opportunities in the player tracking sector.

Player Tracking System Market Size, Share, Growth Analysis, By Offerings(Solution, Services), By Technology(Optical, Wearables), By End Use(Individual, Team Sports), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45F2119 | Region: Global | Published Date: February, 2024
Pages: 270 | Tables: 87 | Figures: 76

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Player Tracking System Market Size was valued at USD 4.3 billion in 2019, and USD 5.1 Billion in 2019 and it is expected to reach a value of USD 10.6 billion by 2031, at a CAGR of 21.3% over the forecast period (2024-2031).

The consumer bases of all the players are diverse, and they all have greater regional reach. To maintain its market share, they are entering into several strategic collaborations, signing numerous agreements, and introducing new products and services. 'Zebra Technologies', 'Catapult Sports', 'STATSports', 'ChyronHego Corporation', 'Kinexon', 'SPT Sports Pty Ltd', 'PlayGineering Systems Pvt. Ltd.', 'JOHAN Sports B.V.', 'SIS Pitches', 'Second Spectrum, Inc.', 'Q-Track Corporation', 'Tracab A/S', 'Xampion', 'Exelio SRL', 'Sonda Sports', 'Polar Team Pro', 'TRACKTICS GmbH', 'Advanced Sports Analytics, Inc.', 'VOGO SAS', 'GPSports Systems Pty Ltd'

With the pandemic shifting the focus to more engagement activities and player analytics than ever before, sporting events have seen a significant surge in funding, which has fueled the demand for monitoring devices on a scale. The rising popularity of sports is boosting fitness-related regimens that fans follow their favorite athletes for, which is boosting the demand for player tracking devices.

The main drivers of the growth of the player tracking market are the desire for real-time data access and the need for improved analytics for on-field data to train athletes in a variety of sports. The industry is also expanding because of the popularity of broadcast sporting events rising and shifting audience preferences. Budgetary restrictions and a lack of technology awareness in sporting activities, however, limit the expansion of the industry. Furthermore, it is expected that the market will experience significant growth due to the introduction of high-end computer solutions for player monitoring technology and complex data streaming to meet the growing need for analytics. Additionally, current developments in wearable technology and the persistent advancements being made in high-end computing systems will open up new opportunities in the player tracking sector.

The first region to implement player tracking systems was North America. Numerous leagues have called North America home. For instance, the top four leagues in terms of revenue in the United States are the National Basketball Association (NBA), National Football League (NFL), Major League Baseball (MLB), and National Hockey League (NHL). These leagues, along with others, are aggressively implementing various player tracking systems. Significant usage of player tracking technologies has also been seen in Europe. Numerous football teams are based in Europe, and the majority of these teams use some sort of player tracking technology. The European regional market could develop into a potential player tracking system market throughout the projected period given the significant number of tier-2 and tier-3 football clubs that are currently active in Europe.

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Player Tracking System Market Size, Share, Growth Analysis, By Offerings(Solution, Services), By Technology(Optical, Wearables), By End Use(Individual, Team Sports), By Region - Industry Forecast 2024-2031

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