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ARTIFICIAL INTELLIGENCE IN SPORTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Artificial Intelligence in Sports Market, By Component (Software and Services), By Deployment (Cloud-based and On-Premises), By Application (Player Analysis, Fan Engagement, Data Interpretation & Analysis, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Regional Analysis

Artificial Intelligence in Sports Market Regional Insights

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North America has been dominating the global artificial intelligence in sports market with an estimated 35.7% share in 2024. The presence of major tech companies and sports organizations in the region is the primary reason behind its dominance. Countries like the U.S. and Canada have strong technology infrastructure and several top universities focused on AI research. As a result, they produce highly skilled workforce which is utilized by the tech giants for developing sophisticated AI products and solutions for sports.

Furthermore, top leagues of major sports like NFL, NBA, MLS, etc. based in North America are early adopters of AI technologies. They are investing heavily in implementing various AI platforms for improving player performance, enhancing fan engagement and gaining insights into the game. For example, NBA has partnered with SAP to develop customized analytics solution for coaches and players. Such active adoption of AI at professional level encourages amateur clubs and organizations to also incorporate AI-powered tools in their system.

Moving from the dominating region, Asia Pacific has emerged as the fastest growing regional market for artificial intelligence in sports. Countries like Indonesia, Thailand, Vietnam, Malaysia, and Philippines are witnessing rapid growth in their economy and sports industry. With increasing internet and smartphone penetration in the region, there is a surge in interest among amateur clubs and individual players to adopt AI-based solutions. They ensure accessibility of such tools for players at all levels to analyze their games and optimize performance.

Additionally, growing local manufacturing capabilities of hardware and availability of software developers in Southeast Asian countries is attracting global tech companies to establish R&D centers. This helps in the localized development of customized AI products as per the requirements of sports organizations and players in the region. Overall, a perfect mix of economic growth, rising sports engagement and improving local tech capabilities is fueling the fastest growth of Asia Pacific in the global artificial intelligence in sports market market.

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