Artificial Intelligence Market in Sports by Type and Geography - Forecast and Analysis 2022-2026

Published: Aug 2022

Pages: 134

SKU: IRTNTR74109

Snapshot

The artificial intelligence market share in sports is expected to increase by USD 5.45 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 30.8%.

This artificial intelligence market in sports research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the artificial intelligence market in sports segmentation by type (football, cricket, tennis, basketball, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The artificial intelligence market in sports report also offers information on several market vendors, including Advanced Micro Devices inc., AIBrain inc., Amazon.com inc., Anodot Ltd., Appinventiv Technologies Pvt. Ltd., Apple inc., Arm Ltd., Catapult Group International Ltd., Cisco Systems inc., Fujitsu Ltd., International Business Machines Corp., Meta Platforms inc., Microsoft Corp., RacksonsIT Developers Pvt. Ltd., Salesforce.com inc., SAP SE, SAS institute inc., Sportradar AG, Stats Perform group of companies and V7 Ltd. among others.

What will the Artificial Intelligence Market Size in Sports be During the Forecast Period?

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Artificial Intelligence Market in Sports: Key Drivers, Trends, and Challenges

The increasing demand for data integration and visual analytics is notably driving the artificial intelligence market growth in sports, although factors such as the lack of a skilled workforce for the development of ai algorithms may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the artificial intelligence industry in sports. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Artificial Intelligence Market Driver in Sports

The increasing demand for data integration and visual analytics is one of the factors driving the artificial intelligence (AI) market growth in sports.
The increasing data proliferation and complexities have made the process of deploying and maintaining reliable data interfaces difficult. Therefore, enterprises across the world are adopting data integration solutions.
AI in construction allows real-time synthesizing of data to facilitate real-time analysis for effective decision-making, thereby enabling enterprises to monitor, transform, and deliver data, understand business processes, and bridge the gap between businesses and IT.
Vendors operating in the market are introducing AI-based software to increase the AI capabilities of analytics. These solutions analyze the visual track movement of players and balls.
The exponential increase in data volume has prioritized the need for analyzing, transforming, monitoring, and interpreting data for monitoring activity, thereby increasing the demand for AI.

Key Artificial Intelligence Market Trend in Sports

The increasing adoption of cloud-based solutions is one of the key artificial intelligence (AI) market trends fueling market growth.
The increasing application of robotics in repetitive and complex tasks such as monitoring the position of players is increasingly seeking avenues to ensure the elimination of limitations of technologies.
The emergence of AI-as-a-service (AIaaS) in sports is trending among users of AI, as it allows companies to access AI for various applications without heavy initial investment and lowers the risk of failure.
AIaaS in sports can allow companies to experiment on samples of multiple public cloud platforms to test various machine learning algorithms. It helps vendors operating in the market to increase their awareness regarding AI and its benefits, such as efficiency and maintenance of a company's sales and marketing department, and others. Such an increasing awareness will fuel the market growth in the coming years.

Key Artificial Intelligence Market Challenge in Sports

The lack of a skilled workforce for the development of AI algorithms is one of the key factors challenging the artificial intelligence (AI) market growth in sports.
End-user companies using AI on their IT platforms must have a thorough knowledge of the working of AI software platforms and periodically update specific information to ensure smooth operations.
The lack of technical knowledge often deters end-users from adopting AI in their IT platforms, particularly in developing countries, such as the US, Brazil, Japan, and India, where end-users are reluctant to learn and adopt new technologies.
The lack of skilled operators and proper training adversely affects the execution of wide-scale automation, as substantial time, training, and budget have to be allocated for the successful implementation of AI on IT platforms.
Successful analysis requires technical and functional expertise. Given this, end-users such as contractors and engineers use AI in their IT platforms for predictive maintenance and optimization of sales and marketing channels. However, the use of AI for analytics is challenging, requiring additional domain knowledge. Such challenges are challenging the market growth.

This artificial intelligence market in sports analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global artificial intelligence market in sports as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the artificial intelligence market in sports during the forecast period.

Who are the Major Artificial intelligence Market Vendors in Sports?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the artificial intelligence market in sports encompasses successful business strategies deployed by the key vendors. The artificial intelligence market in sports is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

catapultsports.com - The company offers artificial intelligence in sports such as Catapult pro video.
ibm.com - The company offers artificial intelligence in sports to automate, accelerate and validate data.
facebook.com - The company offers artificial intelligence in sports such as AISP for Facebook.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The artificial intelligence market in sports forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Artificial intelligence Market in Sports Value Chain Analysis

Our report provides extensive information on the value chain analysis for the artificial intelligence market in sports, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for the Artificial intelligence Market in Sports?

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34% of the market’s growth will originate from North America during the forecast period. The US is the key market for artificial intelligence in sports in North America. Market growth in this region will be slower than the growth of the market in other regions.

A growing emphasis on technological developments and an increase in the use of technology in sports will facilitate the artificial intelligence market in sports growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 negatively impacted the demand for AI in sports, primarily during the first half of 2020-2021. However, the initiation of vaccination drives in the second half of 2021 led to the lifting of lockdowns and the resumption of sporting events and tournaments in the region. Moreover, the increasing awareness of the benefits of sports and physical activities has accelerated the demand for AI in sports in North America.

What are the Revenue-generating Type Segments in the Artificial intelligence Market in Sports?

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The artificial intelligence market share growth in sports by the football segment will be significant during the forecast period. AI software standardizes the text analytics process by simplifying and streamlining management, site events, data capture, information, and players' status. AI software used in football includes sensors, GPS trackers, and computer vision algorithms to track the movement of players and balls features. Hence, the demand for AI in sports is likely to increase significantly during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the artificial intelligence market size in sports and actionable market insights on post COVID-19 impact on each segment.

Artificial intelligence Market Scope in Sports
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 30.8%
Market growth 2022-2026	$ 5.45 billion
Market structure	Fragmented
YoY growth (%)	27.25
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 34%
Key consumer countries	US, China, Australia, UK, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Advanced Micro Devices inc., AIBrain inc., Amazon.com inc., Anodot Ltd., Appinventiv Technologies Pvt. Ltd., Apple inc., Arm Ltd., Catapult Group International Ltd., Cisco Systems inc., Fujitsu Ltd., International Business Machines Corp., Meta Platforms inc., Microsoft Corp., RacksonsIT Developers Pvt. Ltd., Salesforce.com inc., SAP SE, SAS institute inc., Sportradar AG, Stats Perform group of companies, and V7 Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Artificial intelligence Market in Sports Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive artificial intelligence market growth in sports during the next five years
Precise estimation of the artificial intelligence market size in sports and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the artificial intelligence industry in sports across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of artificial intelligence market vendors in sports

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type

5.3 Football - Market size and forecast 2021-2026
- Exhibit 28: Chart on Football - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Football - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Football - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Football - Year-over-year growth 2021-2026 (%)

5.4 Cricket - Market size and forecast 2021-2026
- Exhibit 32: Chart on Cricket - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Cricket - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Cricket - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Cricket - Year-over-year growth 2021-2026 (%)

5.5 Tennis - Market size and forecast 2021-2026
- Exhibit 36: Chart on Tennis - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Tennis - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Tennis - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Tennis - Year-over-year growth 2021-2026 (%)

5.6 Basketball - Market size and forecast 2021-2026
- Exhibit 40: Chart on Basketball - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Basketball - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Basketball - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Basketball - Year-over-year growth 2021-2026 (%)

5.7 Other - Market size and forecast 2021-2026
- Exhibit 44: Chart on Other - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Other - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Other - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Other - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by Type
- Exhibit 48: Market opportunity by Type ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026
- Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.10 France - Market size and forecast 2021-2026
- Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)

7.11 China - Market size and forecast 2021-2026
- Exhibit 86: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on China - Year-over-year growth 2021-2026 (%)

7.12 Australia - Market size and forecast 2021-2026
- Exhibit 90: Chart on Australia - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on Australia - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on Australia - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Australia - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption

9.4 Industry risks
- Exhibit 98: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 99: Vendors covered

10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification

10.3 Advanced Micro Devices Inc.
- Exhibit 101: Advanced Micro Devices Inc. - Overview
- Exhibit 102: Advanced Micro Devices Inc. - Business segments
- Exhibit 103: Advanced Micro Devices Inc. - Key news
- Exhibit 104: Advanced Micro Devices Inc. - Key offerings
- Exhibit 105: Advanced Micro Devices Inc. - Segment focus

10.4 Catapult Group International Ltd.
- Exhibit 106: Catapult Group International Ltd. - Overview
- Exhibit 107: Catapult Group International Ltd. - Business segments
- Exhibit 108: Catapult Group International Ltd. - Key offerings
- Exhibit 109: Catapult Group International Ltd. - Segment focus

10.5 International Business Machines Corp.
- Exhibit 110: International Business Machines Corp. - Overview
- Exhibit 111: International Business Machines Corp. - Business segments
- Exhibit 112: International Business Machines Corp. - Key offerings
- Exhibit 113: International Business Machines Corp. - Segment focus

10.6 Meta Platforms Inc.
- Exhibit 114: Meta Platforms Inc. - Overview
- Exhibit 115: Meta Platforms Inc. - Business segments
- Exhibit 116: Meta Platforms Inc. - Key news
- Exhibit 117: Meta Platforms Inc. - Key offerings
- Exhibit 118: Meta Platforms Inc. - Segment focus

10.7 Microsoft Corp.
- Exhibit 119: Microsoft Corp. - Overview
- Exhibit 120: Microsoft Corp. - Business segments
- Exhibit 121: Microsoft Corp. - Key news
- Exhibit 122: Microsoft Corp. - Key offerings
- Exhibit 123: Microsoft Corp. - Segment focus

10.8 Salesforce.com Inc.
- Exhibit 124: Salesforce.com Inc. - Overview
- Exhibit 125: Salesforce.com Inc. - Product / Service
- Exhibit 126: Salesforce.com Inc. - Key news
- Exhibit 127: Salesforce.com Inc. - Key offerings

10.9 SAP SE
- Exhibit 128: SAP SE - Overview
- Exhibit 129: SAP SE - Business segments
- Exhibit 130: SAP SE - Key news
- Exhibit 131: SAP SE - Key offerings
- Exhibit 132: SAP SE - Segment focus

10.10 SAS Institute Inc.
- Exhibit 133: SAS Institute Inc. - Overview
- Exhibit 134: SAS Institute Inc. - Product / Service
- Exhibit 135: SAS Institute Inc. - Key news
- Exhibit 136: SAS Institute Inc. - Key offerings

10.11 Sportradar AG
- Exhibit 137: Sportradar AG - Overview
- Exhibit 138: Sportradar AG - Business segments
- Exhibit 139: Sportradar AG - Key offerings
- Exhibit 140: Sportradar AG - Segment focus

10.12 Stats Perform group of companies
- Exhibit 141: Stats Perform group of companies - Overview
- Exhibit 142: Stats Perform group of companies - Product / Service
- Exhibit 143: Stats Perform group of companies - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 144: Inclusions checklist
- Exhibit 145: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 146: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 147: Research methodology
- Exhibit 148: Validation techniques employed for market sizing
- Exhibit 149: Information sources

11.5 List of abbreviations
- Exhibit 150: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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