North America Artificial Intelligence in Sports Market Size, Share & Industry Trends Analysis Report By Component, By Game Type, By Application, By Deployment model, By Technology, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The North America Artificial Intelligence in Sports Market would witness market growth of 29.0% CAGR during the forecast period (2021-2027).
In sports, success is always determined by one's ability to perform. Moreover, how companies might utilize AI to judge individual player performances is one of the most important ways AI is altering the sports sector. With the help of AI integrated systems, Coaches and analysts can assess a player's strengths and weaknesses, as well as track their progress over time. In addition, they may also utilise metrics to compare player statistics and find flaws in your play execution. Artificial intelligence can provide one side an advantage over another on defense by identifying trends in strategies and devising precise counter-measures.
An AI-powered virtual reality platform provides a realistic experience in a virtual setting that is comparable to watching the game live. Moreover, as 5G becomes more prevalent, such experiences will become more engaging, transforming the sports sector.
The domestic league system in the North American region is one of the most active in the globe. There is a large social and economic investment in sports at the university and league levels. The United States is one of the world's most successful sporting nations. According to Stanford University, the four major professional sports in the United States account for 0.1 percent of all economic activity in the country.
Furthermore, most American leagues and teams are sponsored by corporations, and the region has the world's most highly skilled workforce, assisting the rise of Artificial Intelligence in Sports. The revenue of sports teams and clubs in the United States is predicted to exceed USD 35 billion by the end of 2020, according to the US Census Bureau. Additionally, firms like as Argo Ai and Ford have been working with NASCAR to increase safety in the high-risk sport of auto racing. Deep learning is being used to assist in enhancing safety measures.
The US market dominated the North America Artificial Intelligence in Sports Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,873.3 million by 2027. The Canada market is estimated to witness a CAGR of 31.9% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 30.7% during (2021 - 2027).
Based on Component, the market is segmented into Software and Services. Based on Game Type, the market is segmented into Football, Cricket, Basketball, Tennis, Baseball, and Others. Based on Application, the market is segmented into Game Planning, Game Strategies, Performance Improvement, Injury Prevention Sports Recruitment, and Others. Based on Deployment model, the market is segmented into On-premise and Cloud. Based on Technology, the market is segmented into Machine Learning, Computer Vision, Data Analytics, Natural Language Processing, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Catapult Group International Ltd., Facebook (Meta Platforms, Inc.), IBM Corporation, Microsoft Corporation, Salesforce.com, Inc., SAP SE, SAS Institute, Inc., Sportradar AG, Stats Perform, and Trumedia Networks.
Scope of the Study
Market Segments Covered in the Report:
By Game Type
- Game Planning
- Game Strategies
- Performance Improvement
- Injury Prevention Sports Recruitment
By Deployment Model
- Machine Learning
- Computer Vision
- Data Analytics
- Natural Language Processing
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Catapult Group International Ltd.
- Facebook (Meta Platforms, Inc.)
- IBM Corporation
- Microsoft Corporation
- Salesforce.com, Inc.
- SAP SE
- SAS Institute, Inc.
- Sportradar AG
- Stats Perform
- Trumedia Networks
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