Global Player Tracking System Market Size, Segment, Top players, Updates and Forecast 2028
Global Player
Tracking System Market Size was valued at USD 3.5 billion in 2021, and it
is expected to reach a value of USD 10.6 billion by 2028, at a CAGR of 19.7%
over the forecast period (2022-2028).
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The market's expansion can be linked to the persistence of
the focus on player tracking and real-time physical metric monitoring. The
coaching team has concluded that real-time on-field statistics can
significantly improve player performance. As a result, numerous teams are
quickly implementing various types of systems that can offer on-field data in
real-time, fueling the market's expansion during the projection period. The
primary goals for implementing a player tracking system are now known to be
evaluating team performance, improving the team training curriculum, and monitoring
individual player performance.
A player tracking system can offer video footage,
positioning data, and real-time player performance measurements. Making
informed decisions to improve player and team performance can be aided by the
information obtained in this way. For instance, GPS trackers may capture
significant data during association football, also known as soccer, including
speed, distance traveled, acceleration rate, pulse rate, and the force of
tackles. The coaching staff can make substitutions and design team strategies
based on this information while the game is in progress. They can even
recommend where players should be placed on the field.
A player tracking system is no longer viewed as an
extravagance. Contrarily, a player tracking system is becoming indispensable in
light of the increasing importance placed on assessing players' stats. As a
result, several top sporting leagues have begun implementing player tracking
systems in various other formats. During practices and games, it's normal to
practice to employ semi-automated cameras in conjunction with GPS trackers.
Additionally, top football clubs have their own data analytics divisions.
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Global
Player Tracking System Market Dynamics
Driver
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.
Restraint
The latest developments may have been essential in
analyzing an athlete's performance, but they may also reveal a lot about the
fitness and performance of elite athletes. Increased occurrences or
opportunities for competitors to use and craft their plans appropriately have
been made possible by the growing amount of data privacy-related problems and
data breaches, which have hampered the inventiveness of the game.
The large amount of data that has been accumulated
on different players at the majority of sporting events and stadiums have been
discovered to be susceptible to data breaches and other data-related issues
that have become increasingly popular among the teams. The industry leader in
fitness monitoring gadgets, Garmin, had to deal with a security compromise in
July 2021. Their servers were disrupted as a result, making their software more
susceptible to theft, among those drawn to athletic pursuits and favorably
affecting the market's expansion.
Top Player’s Company Profiles
·
Zebra Technologies (US)
·
Catapult Sports (Australia)
·
STATSports (UK)
·
ChyronHego (US)
·
STATS (US)
·
Kinexon (Germany)
·
Polar (Finland)
·
Playgineering (Latvia)
·
Sonda Sports (Poland)
·
JOHAN Sports (Netherlands)
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Recent Development
In
January 2021, The Socceroos, Australia's national soccer team, and STATSports
worked together. The Australian national soccer team would receive an Apex
monitoring device from STATSports as part of this arrangement, which would
measure heart rate, load, high-speed running, distance traveled, speed,
acceleration, and deceleration.
In April
2021, Federation Francaise de Football (FFF), the reigning FIFA world champion,
and Catapult Sports were teamed (France). The FFF national teams will deploy
100 Catapult athlete monitoring devices as a result of this agreement.
Global Player Tracking
System Key Market Trends
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.
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