ARTIFICIAL INTELLIGENCE IN SPORTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The integration of artificial intelligence (AI) technologies is revolutionizing the sports industry. AI has wide applications in areas like analytics of player performances, personalized coaching, fan engagement, improving sponsorship outreach, and optimization of team strategies. AI players, predictive analysis, and automated sports broadcasts are some notable ways through which this technology is reshaping the sports experience for both athletes and spectators. With growing data generation in sports and increasing focus on analytics, AI is poised to transform the business of sports in the upcoming years.
Market Dynamics:
Growing data generation from wearable devices, sensors, cameras, and other sources is a key driver propelling the adoption of AI in sports. AI helps clubs and organizations make effective use of such data through predictive analytics. Meanwhile, the increasing demand for enhanced fan experiences is also augmenting investments into AI-powered solutions. However, concerns around data privacy and lack of resources are restricting complete utilization of AI capabilities in some cases. Ongoing innovations to develop smarter sporting technologies, personalized services, and immersive experiences will continue unlocking new opportunities in this space over the coming years.
Key Features of the Study:
- This report provides in-depth analysis of the global artificial intelligence in sports market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global artificial intelligence in sports market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Amazon Web Services, Inc., Apple Inc., Catapult Group International Ltd, Fujitsu Limited, Google LLC, IBM Corporation, Intel Corporation, Microsoft Corporation, Movella Holdings Inc., NEC Corporation, Oracle Corporation, Perform Group, Qualcomm Technologies, Inc., Salesforce.com Inc., and SAS Institute, Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global artificial intelligence in sports market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global artificial intelligence in sports market.
Detailed Segmentation:
Table of Contents
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