Market Forecast By Deployment (Cloud, On Premises), By End User (Residential, Commercial) And Competitive Landscape
Product Code: ETC433828 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Bangladesh Sports Analytics Market is anticipated to grow in the upcoming years owing to the increasing number of sports facilities, the increasing acceptance of cloud-based sports, and the growing popularity of sports. Moreover, the government initiatives to promote sports and the rising disposable incomes are also some of the key factors fueling the market growth. However, lack of awareness about sports analytics and data privacy concerns are hampering the market growth. Moreover, another restraining factor impeding the Bangladesh Sports Analytics Market Growth is limited infrastructure, and inadequate facilities such as proper stadiums and infrastructural support facilities.
Some key factors that are driving the market growth include Increasing popularity of sports analytics. The Sports analytics has gained a lot of popularity among people in recent years owing to its usefulness in helping athletes improve their performance and make better decisions. This trend is likely to continue as more and more people become interested in using this technology for their own benefit. Moreover, an increase in investment in sports infrastructure as numerous companies are now investing in sporting infrastructure across the country which is contributing to the Bangladesh Sports Analytics Market size. Furthermore, the government has long been focused on promoting sport and developing sporting facilities across the country.
According to 6Wresearch, Bangladesh Sports Analytics Market is expected to grow during 2022-2028. The Asia Pacific Sports Analytics Market is propelling growth during the forecast period attributed to the growing interest in harnessing sports data to gain insights that can help improve performance. The development of new technologies and analytic tools specifically designed for the sports industry to analyze past performances in order to predict future outcomes.
There are several factors driving the growth of the Sports Analytics Industry in Bangladesh such as the increasing availability of data, the increasing use of analytics in sports betting, and the increasing use of analytics by media companies. Moreover, with the legalization of sports betting in many states, there is a growing need for accurate predictions of game outcomes. Sports analytics can be used to develop models that accurately predict the outcome of games. The Media companies are using analytics to understand viewer behavior to crate more engaging content.
The COVID-19 pandemic impacted the Bangladesh Sports Analytics Market in a negative way due to the temporarily closure of various industries and manufacturing units. Also, the pandemic disrupted the supply chains of various products as government has announced restrictions on travel and banned the people movement which hindered the Bangladesh Sports Analytics Industry.
Based on Deployment, market is segmented into Cloud and On Premises. The Cloud segment is expected to dominate the Bangladesh Sports Analytics Market share on the account of high-end and cost-efficient computing solutions.
The Bangladesh Sports Analytics Market is segmented into Residential and Commercial. Both End-User sub segments are expected to grow in the forecast timeframe as sports are popular in both residential and commercial.
The report offers a comprehensive study of the subsequent market segments: