Popular Sports Apps Revenue and Growth

The global sports apps market was worth about $3.5 billion by the end of 2021. This market is likely to grow at an annual growth rate of 9.4% from 2022-2028. That’s attributable to the growing demand for video-streaming sports apps in the global market. Thus, the adoption of cloud-based technology is also growing to satisfy this demand. Additionally, the increasing demand for smartphones in Africa and Asia Pacific markets is aiding this growth.

Popular Sports Apps Market Revenue

The global sports apps market is currently worth over $3.8 billion and it’s expected to hit $6.5 billion by 2028. Propelling this growth is the tech revolution in emerging economies like India and China. Not to mention the increasing adoption of 5G technology.

App Store sports apps revenue grew by 23% in 2022 and this growth is likely to continue through 2023. In fact, net revenue is likely to hit $5230 million. The sports app revenue on Google’s Play Store is also expecting to register a similar growth rate at 22%. Thus, hitting $151 million by the end of the year. However, that shows a lower revenue growth rate per download considering that the Play Store has higher downloads compared to the App Store.

Interestingly, the Apple iOS store has dominated the sports app market since 2029, accounting for about 50% of the revenue share. That can be attributed to the rising demand for interface-based sports apps like the Betway sportbet app among consumers across Europe. Additionally, seamless connectivity and 3D features with added security are fueling this growth.

Popular Sports Apps & Market Share Insights

The most popular sports apps like Betway are mainly focusing on live-streaming games from popular leagues. This includes the Premier League, NBA, and Champions League, among others. These key players in the market are giving consumers easy-to-manage apps with interactive user interfaces.

Several leading companies are also offering highlights and replays for popular sports. These prominent players in the global sports apps market include companies like LiveScore, FuboTV, Betway, DAZN, Sony LIV, ESPN, SuperSport, and others. These brands are continually growing in 2023. Especially, as the increase in the demand for Android and iOS devices is creating rewarding opportunities for them.

Regional Insights

Since 2021, North America is dominating the global sports app market. In fact, they account for around 35% of the revenue share. That’s mainly due to the growing demand for Wrestling live streaming events by consumers in Canada and US. Additionally, the growing trend of adopting tech content management apps is influencing market growth.

The US market share is driven by the growing demand for AI-based sports streaming apps. Experts also believe that the ease of accessing sports apps paired with social media connectivity will continue refueling market growth in the next 5 years.

In the Asia Pacific market, experts project it will grow by a 12.3% CAGR from 2023-2028. That’s attributable to the rising demand for cloud apps from consumers in India and China. There’s also a growing trend in China to adopt subscription sports apps. Additionally, the adoption of regional language sports apps will escalate the market growth in the next five years.