Sports Analytics: Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021
LEXINGTON, Massachusetts (May 16, 2015) - WinterGreen Research announces that it has published a new study Sports Analytics: Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2021. The 2015 study has 472 pages, 177 tables and figures. Worldwide markets are poised to achieve significant growth as the cloud computing for utility infrastructure and the tablets and smart phone communications systems make training information more cogent and more available, remaking all sporting everywhere.
The value of sports analytics is the predictive capabilities provided. The best sports teams are the ones using the power of real-time information to their advantage. What to measure? What real time information is the best? Can the players game the analytics systems?
Lets start with the story of Babe Ruth. The âBabeâ used to come to every at bat with the desire to win the game. So early in the game, aware that at the end of the game it would fall on him to win the game, the âBabeâ would deliberately strike out on pitches that he really could hit. Later in the game, the pitcher would remember the pitches that had gotten the âBabeâ out and âBabe Ruthâ could hit with ease, winning the game defying the statisticians.
So, Babe Ruth used sports analytics in the 1930âs in reverse, hoping to entice the pitcher to throw that very pitch he could hit in a tight situation later in the game. His very success illustrates that in sports analytics sophistication is needed. For sports analytics to track Babe Ruth, it would have been necessary to look at the pitches he could hit at the end of the game, not just everything that came at him. How sophisticated is that? You have to know your players to do good sports analytics.
Babe Ruth is at the center of one of the sad stories of sporting in Boston. The Boston Red Sox baseball team, in 2003, had not won a world series since Babe Ruth was sold to New York, the so called âCurse of the Bambino.â John Henry, a financial analytics wizard came along and purchased the Boston Red Sox along with other partners and he took the team to three world series using sports analytics as the dominant force for running the team and building fan enthusiasm.
Sports become the model for predictive business decision making. Business has been reorganized among teams, inspired by sports. Analytics, developed by businesses are finding innovative use in sports, leading to models for business to organize and manage teams.
Sports analytics market driving forces relate to the ability to improve winning percentages and decrease the cost of paying players. By implementing metrics functions that describe how to put together a winning team without a very high payroll, sports analytics provide a winning edge to team management. Analytics are used to figure out how a team can improve fan appeal.
Sports analytics are used for creating fantasy leagues, giving sports fantasy players access to statistics that enhances their play of the game. It is used to improve scouting, to detect new player unusual talent and evaluate players competitive capability. Using the system, the agent gains competitive advantage with teams when they present analysis about the players they represent
Shift charts represent an image of changing data. In the chart above, the numbers along the top represent the shifts played during the game.. The black lines represent goals scored and show what line was on the ice offensively and defensively for each goal scored in each period, period one, period two, and period three.
Sport analytics are about patterns, detecting patterns and attaching value to them by being able to predict better what players will succeed and what players will do well in a certain system. The patterns apply to teams, to players and to fans.
The data about the sport is relevant in a lot of different ways, some teams are more able than others to harness the patterns to their benefit. Does it make a difference? Do the teams with better analytics win? Apparently so. The MIT sports analytics conference is a testament to the value of technology in sports.
In hockey, analytics has been adopted big time, the trend this summer of 2015 has been for NHL clubs to hire bloggers and website operators so their content is proprietary.
Play of the Game is what makes sports entertainment, and the players entertainers. Hockey is a particularly appealing sport because it has so much player contact. It is a contact sport. Some of the better plyers play with finesse. Ovechkin for example, who had 27 even-strength goals this season (fifth in the league) and who scored a league-leading 24 power play goals is fun to watch. He is a premier player because of style and this makes him a fan favorite.
According to Susan Eustis, principal author of the market research study, âSports teams have discovered that with intelligent use of sports analytics they can dominate a league. As the early adopters prove that analytics makes the difference between winning and losing, all teams, mangers, and fantasy sports players need to adopt use of the solutions creating market growth opportunities.â
Sports analytics market size at $125 million in 2014 is anticipated to reach $4.7 billion by 2021. Significant growth is driven by the smart phone and social media in addition to cloud computing market penetration. With smart phones and tablets beginning to get significant uptake all over the world sports analytics play into that market expansion.
Growth is a result of sports league and team department efforts.
WinterGreen Research is an independent research organization funded by the sale of market research studies all over the world and by the implementation of ROI models that are used to calculate the total cost of ownership of equipment, services, and software. The company has 35 distributors worldwide, including Global Information Info Shop, Market Research.com, Research and Markets, Electronics.CA, Bloomberg, and Thompson Financial.
WinterGreen Research is positioned to help customers face challenges that define the modern enterprises. The increasingly global nature of science, technology and engineering is a reflection of the implementation of the globally integrated enterprise. Customers trust WinterGreen Research to work alongside them to ensure the success of the participation in a particular market segment.
WinterGreen Research supports various market segment programs; provides trusted technical services to the marketing departments. It carries out accurate market share and forecast analysis services for a range of commercial and government customers globally. These are all vital market research support solutions requiring trust and integrity.