Latest News- Artificial Intelligence (AI) In Sports Market: Football is expected to lead the Type segment during 2024-2028

The Artificial Intelligence (AI) In Sports Market is being driven by Increasing demand for data integration and visual analytics

The Artificial Intelligence (AI) In Sports Market is expected to grow at a CAGR of 33.13% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 6422.1 million. In the dynamic realm of sports, the integration of Artificial Intelligence (AI) through robotics is revolutionizing various aspects, particularly in monitoring player positions and executing repetitive and intricate tasks. However, the implementation of AI technology faces limitations due to factors such as cost, computational capacity, storage, size, power supply, and motion mode. To surmount these challenges, the adoption of cloud-based AI solutions is gaining traction in the sports industry. Furthermore, AI-as-a-Service (AIaaS) is an emerging trend, enabling companies to access advanced AI capabilities without substantial upfront investment and reduced risk of failure. AIaaS in sports offers the flexibility to test multiple machine learning algorithms on various public cloud platforms, thereby fostering innovation and growth. 

Get more information on Artificial Intelligence (AI) In Sports Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Football
  • Cricket
  • Tennis
  • Basketball
  • Other
• Geography
  • North America
    • US
  • Europe
    • UK
    • France
  • APAC
    • China
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for data integration and visual analytics
• Rising demand for monitoring and tracking data of players in sports
• Requirement of real-time data analytics to improve performance

However, the market also witnesses some limitations, which are as follows:

• Lack of skilled workforce for development of AI algorithms
• High cost of implementation
• Rise in network and connectivity issues

Benefits of Buying Global Artificial Intelligence (AI) In Sports Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Artificial Intelligence (AI) In Sports Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Artificial Intelligence (AI) is revolutionizing the sports industry with advanced solutions such as AI-Powered Sports Solutions, AI Sports Analytics, and Sports Data Analysis. AI adoption in sports is driving the development of Sports Machine Learning, Cloud AI Deployment, and AI-Based Prediction Models. These technologies provide AI-Driven Sports Insights, enhancing Performance Metrics and Real-Time Data Tracking. AI Coaching Tools, AI Sports Technologies, and AI Sports Monitoring offer Personalized Fan Experiences and Digital Sports Engagement. AI-Driven Game Strategy and AI-Powered Coaching Systems leverage Smart Sports Devices and AI Sports Applications for enhanced training and competition. Security of Sports Data is a priority, ensuring its protection with AI. Sports Technology Trends continue to evolve with AI integration, transforming the industry.

Market Research Overview

Artificial Intelligence (AI) is revolutionizing the sports industry by enabling advanced data analysis, game management, coaching, and fan engagement. Companies specializing in AI solutions for sports are key players in the global application software market. These businesses provide personalized experiences for fans, employing machine learning, natural language processing, and computer vision technologies. Data privacy and security are paramount, with cloud deployment and on-premise solutions ensuring data protection. Technavio's market analysis includes revenue generated by these AI software providers, encompassing both cloud-based and on-premise offerings.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/