As time passed, cricket changed continuously, incorporating new technologies into live matches to provide fans the greatest possible experience. This is undoubtedly the case, particularly in light of the introduction of the T20 format, which is the shortest. As a result, both cricket enthusiasts and experts witnessed several ground-breaking technologies that helped to facilitate the decision-making process and arrive at the best possible result for a match.
This makes sense given that modern athletes primarily rely on data-driven performance and analysis, which aids the team in continuously improving and evolving as they strive to become the greatest team in the world. It could involve everything from analyzing a batter’s or bowler’s strengths and weaknesses prior to any game to adhering to a fitness regimen to get the most out of the procedures athletes take to stay incredibly fit for their squad. The rivalry on the 22 yards has therefore intensified beyond what it was in the past. That being said, it is not often that the software that changed the modern game of cricket is discussed.
In addition, the income pattern or general marketing structure, which has the potential to create a “paradox of plenty,” stays distant from the people who put in countless hours of effort in the background to provide cricket enthusiasts with the greatest viewing experience. Cutting-edge precision and speedy decision-making have been made possible by the introduction of technologies such as the Decision Review System (DRS), which has drastically altered the nature of games in crucial occasions, and the Hotspot system, which is mostly used in Australia during matches. It’s interesting to note that cricket analysis software is predicted to continue growing quickly as the game spreads throughout the American continent.
According to a recently discovered estimate, the cricket analysis market made a whopping $181.5 million in 2022 and is predicted to soar to an incredible $1.2 billion by the close of 2032—nearly a decade—by the end of the year. Additionally, the emergence of Artificial Intelligence (AI) technology in the modern world has only prompted a number of internationally recognized cricket regulating boards to collaborate in search of more intrusive solutions, like weather forecasting. Additionally, scouts are using contemporary tools to identify and develop talent at a far faster pace than in the past, both domestically and at the grassroots levels in India and outside. All things considered, modern games are of higher quality thanks to the IT industry.
Report Coverage | Details |
Forecast Period | 2023–2032 |
Base Year | 2022 |
Market Size in 2022 | $181.5 Million |
Market Size in 2032 | $1.2 Billion |
CAGR | 20.9% |
No. of Pages in Report | 245 |
Segments Covered | Offering, deployment mode, end-user and region |
Drivers | Increase in demand for data-driven insights in cricket coaching and strategy
Rise in popularity of T20 and other short-format cricket |
Opportunities | Collaboration opportunities between software developers and cricket boards for tailored solutions
Integration of artificial intelligence (AI) and machine learning (ML) for more advanced predictive analysis Increase in the use of analysis software in grassroots and amateur cricket for talent identification and development |
Restraint
Resistance to technology adoption in traditional cricket setups and dependence on high-quality and consistent data for accurate analysis |
Cricket Analysis market share is led by North America, with Asia Pacific predicted to grow at the fastest rate by 2032.
Speaking about global regional growth, a report published by GlobeNewsWire in 2022 indicated that, in terms of market shares held in relation to revenue, North America dominated the world. Notably, this meant that, in comparison to the rest of the world, the entire shareholding in the cricket analytic software industry was less than two-fifths of the stake. The future of the sport, meanwhile, will depend on how quickly new fan bases in the area take to it after leagues like Major League Cricket (MLC) and newly formed T20 cricket leagues in the area have just emerged.
Additionally, the Asia Pacific region is predicted to expand at the greatest rate when it comes to growth, with a projected CAGR of 24.1% for the period between 2023 and 2032, respectively. As a result, considering how fans follow the game on the internet and through other digital media, the cricket analysis industry will continue to expand. Some customers do it out of pure love for the game, while others do it to gain knowledge that will help them in the future when they play cricket in different capacities.