NEW YORK, Dec. 15, 2021 /PRNewswire/ — The sports technology market has been segmented by technology into three segments, namely AI ML, IoT, and AR VR. By technology, the AI ML segment will have significant market share growth during the forecast period. AI can perform automated tasks, assist in performing tasks efficiently and quickly, help with better decision-making, and automate decision-making processes.

Technavio has announced its latest market research report titled Sports Technology Market by Technology and Geography – Forecast and Analysis 2022-2026

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Some of the primary growth drivers for the sports technology market are the rising number of sports technology events, launch of new platforms, and growing participation in sports tournaments, according to a senior analyst at Technavio. The market forecast reports by Technavio help organizations make confident business decisions with the help of thorough research and expert analysis.

The sports technology market size is expected to grow by USD 24.56 bn from 2021 to 2026. The market is expected to record a year-over-year growth rate of 21.48% in 2022.

Vendor Offerings

• Agile Sports Technologies Inc. – The company offers Volleymetrics that can record and upload analytics with automatic smart cameras and saves time.

• Athlete Intelligence – The company offers VECTOR MouthGuard that is a highly accurate head impact monitoring wearable device for team contact sports.

• Catapult Group International Ltd. – The company offers wearable technology such as Catapult Vision that brings pre- and post-match analysis and Catapult AMS that elevates the management and communication of data.

• Chetu Inc. – The company offers sports analytics and athlete performance solutions that build a suite of sports analytics tools designed for ultimate performance intelligence.

• Cisco Systems Inc. – The company offers sports technology such as Esports.

For more insights into the vendors operating in the sports technology market, View Our Free Sample Report Now

Regional Analysis

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• Based on geography, the sports technology market has been segmented into five regions, namely North America, Europe, APAC, South America, and MEA.

• 43% of the growth is expected to originate from North America.

• The US and Canada are the key countries for the sports technology market in North America.

• Market growth in this region will be faster than …….

  Source: https://finance.yahoo.com/news/sports-technology-market-size-grow-061500778.html