Jordi Cruyff – former Man. United and Barcelona player – is investing in sports tech
London – Dec. 17, 2019 (PRNewswire) These days, Cruyff is looking at new challenges as he concludes his term as the manager of the Chinese Superleague club, Chongqing Lifan, as well as investing in start-ups.
HYPE Sports Innovation is the largest sports innovation platform in the world and the leading global platform for scouting and scaling up sports tech start-ups with its 12 accelerators worldwide and 250 alumni companies who have raised more than $180M during the past 3 years.
HYPE is reviewing various sectors in the world of sports that are seeking new technological solutions based on their experience and connections with leading brands and clubs such as PUMA, Adidas, Asics, and FC Koln. Setting up HYPE Capital was part of the scope to extend the investment activities towards new exciting vectors such as AI, big data, smart stadiums, and fan engagement.
Upon joining the fund, Cruyff said:
“It’s an inspiring opportunity for me to closely experience the tech transformation happening these days in sports both on the pitch and on the fan experience side. I am glad to join HYPE’s global activity and believe there are true opportunities to impact the future of sports along with unique business opportunities.”
The Founder and President of HYPE S.I., Amir Raveh, added: “We are proud and thrilled to have Jordi joining the fund. This will enable HYPE S.I to expand into additional international markets. A respected individual such as Jordi within the football world who played in MUTD and FCB and grew up in AFC Ajax, Jordi is the partner every sports VC dreams of having.”
HYPE Capital is in the process of securing a $75M fund which will be dedicated to investing in the best and most promising startups in the realm of sports tech. Among other key industry leaders and investors in HYPE Capital, you can find the former president of Reebok, Uli Becker, Yair Seroussi the former Chairman of Hapoalim Bank, Moran Meiri. Adv, Yossi Sela the managing partner of Gemini Ventures, among others.
Rise in demand for real-time data access, increase in amount of on-field data, and surge in demand for predictive insights into fan preferences boost the growth of the global sports analytics market
Portland, OR – Dec. 12, 2019 (PRNewswire) Allied Market Research published a report, titled, “Sports Analytics Market by Component (Solution and Services), Deployment Mode (On-Premise and Cloud), Application (Marketing/Sales, Video Analysis, Fan Engagement, Team Performance & Training Sports, Player Analysis & Health Assessment, and Other): Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global sports analytics market generated $425.76 million in 2018, and is estimated to reach $6.37 billion by 2026, registering a CAGR of 40.40% from 2019 to 2026.
Prime determinants of growth
Growing demand for real-time data access, rise in amount of on-field data, and surge in demand for predictive insights into fan preferences drive the growth of the global sports analytics market. However, high maintenance and investment costs and lack of awareness about technology in sports hinder the market growth. On the other hand, availability of cost-effective and high-end computing solutions and rise in demands of analytics for complex data streaming create new opportunities in the market.
The solution segment to maintain its leadership position throughout the forecast period
Based on component, the solution segment held the largest market share in 2018, accounting for nearly three-fourths of the global sports analytics market, and is estimated to maintain its leadership position throughout the forecast period. This is due to automation solutions are cheaper than solutions and are faster to deploy. However, the service segment is expected to register the fastest CAGR of 42.7% from 2019 to 2026. This is attributed to rise in need of various different services such as managed service and professional services.
The on-premise segment to maintain its highest share by 2026
Based on deployment, the on-premise segment contributed to the highest market share in 2018, contributing more than half of the global sports analytics market, and is estimated to maintain its highest share in terms of revenue by 2026. This is attributed to the increase in the adoption of these systems due to enhanced security features provided by the on-premise model. However, the cloud segment is expected to grow at the fastest CAGR of 42.6% during the forecast period. This is due to the different services provided by the cloud.
Europe to maintain its dominant position during the forecast period, North America to follow
Based on region, Europe held the major market share, contributing to nearly one-third of the total share of the global sports analytics market in 2018, and is estimated to maintain its dominant position during the forecast period. The region is expected to adopt sports analytics at a high rate to bring great improvements in players performance and the team performance. However, the Asia-Pacific region is estimated to grow at a CAGR of 42.7% from 2019 to 2026. This is due to the increase in sports organizations and emerging new clubs in the region. Moreover, North America contributed to the second-largest share in terms of revenue.
Market players grabbing the highest share
Opta Sports
Trumedia Networks
Sportradar AG
IBM Corporation
Oracle Corporation
SAP SE
Stats Perform
Nielson Sports
Tableau Software
SAS Institute
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