Player Tracking Market Worth $7.3 Billion by 2023 - Exclusive Report by MarketsandMarkets
CHICAGO, April 22, 2019 /PRNewswire/ -- According to market research report on "Player Tracking Market by Component, Solution (Wearables, Opticals, Application-Based), End User (Individual Sports, Team Sports), Application (Fitness Tracking, Performance Tracking, Fraud Detection, Player Safety), and Region - Global Forecast to 2023", published by MarketsandMarkets, the Player Tracking Market is expected to grow from USD 2.1 billion in 2018 to USD 7.3 billion by 2023, at a CAGR of 27.8% during the forecast period. An increasing amount of on-field data and growing demand for real-time data access are some of the major factors driving the growth of the Player Tracking Market.
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45 – Tables
26 – Figures
112 – Pages
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Services segment is expected to grow at the fastest CAGR during the forecast period
Growing demand for optical solutions among team sports is expected to drive the growth of services in the Player Tracking Market. The number of player tracking solutions that are being used across different sports is rising day-by-day owing to which the demand for services, such as optical tracking and application-based monitoring has also increased in the Player Tracking Market. Most of the solution providers, such as Polar and Catapult are offering various player tracking services for both individual and team sports.
Optical segment is expected to grow at the fastest CAGR during the forecast period
Optical solutions are installed in large areas, such as training field and stadium to monitor gameplay of all the players on the field/court. These solutions deliver performance statistics of a player through HD cameras, software, and statistical algorithms in real-time. Additionally, these optical solutions produce game videos through installed cameras in stadiums for post-match discussions with players and coach. Some of the key features, such as speed, distance run, stamina, acceleration, and team formations can be monitored through an optical player tracking solutions. The world's largest sports league, such as Ligue de football professional, Serie A, and Qatar Stars League (QSL) have installed optical player tracking solutions in their stadiums. Organizations such as Stats and ChyronHego are offering optical solutions in the Player Tracking Market.