Artificial Intelligence (AI) in Sports - Global Strategic Business Report

The global market for Artificial Intelligence (AI) in Sports was valued at US$4.7 Billion in 2024 and is projected to reach US$21 Billion by 2030, growing at a CAGR of 28.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Artificial Intelligence (AI) in Sports Market - Key Trends and Drivers Summarized

Artificial Intelligence (AI) is significantly transforming the sports industry by revolutionizing analytics, enhancing game strategies, and improving fan engagement. The integration of AI in sports extends beyond data collection to interpreting vast amounts of diverse data into actionable insights. Advanced technologies such as Radio Frequency Identification (RFID) for player tracking in the NFL, radar technology in golf to analyze ball trajectories, and GPS wearables for monitoring athletes' physiological data are enhancing the precision and scope of sports analytics. These innovations allow for more informed coaching strategies and better decision-making during games. AI's ability to analyze complex data sets reveals patterns and strategies that are not evident through traditional analysis, enabling coaches to optimize game tactics and improve team performance.

AI's impact on the sports industry is profound, affecting athletes, coaches, advertisers, and broadcasters by providing them with real-time statistics and insights. This technology enables predictive analytics, which assists referees and officials in making more accurate decisions during crucial moments of play. Wearable devices equipped with AI monitor athletes' health metrics in real-time, aiding in injury prevention and personalized training regimens. The capability of AI to process and analyze data swiftly ensures that the information is not only relevant but also timely, which is critical in sports where seconds can dictate the outcome of a game. Furthermore, AI-driven solutions are enhancing fan experiences by offering personalized content, predictive game analytics, and interactive engagement strategies, deepening fans' connections to their favorite teams and sports.

Despite these advancements, AI in sports also encounters challenges, particularly in the uneven coverage and depth of tracking data across various sports levels. Innovative solutions like AutoStats, which extracts data directly from broadcast footage, are broadening the accessibility and depth of analytics available, paving the way for richer and more granular insights. This expansion enhances the understanding and enjoyment of sports, pushing the boundaries of what analytics can achieve in professional athletics. As AI technologies continue to evolve and integrate within the sports industry, they promise to usher in a new era of strategic enhancements, operational efficiency, and fan-centric innovations, marking a cultural shift towards a more technologically integrated and enriched sports experience.

Report Scope

The report analyzes the Artificial Intelligence (AI) in Sports market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Component (Software, Services); Technology (Machine Learning, Computer Vision, Natural Language Processing (NLP), Data Analytics, Other Technologies).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Sports AI Software segment, which is expected to reach US$13.2 Billion by 2030 with a CAGR of a 26%. The Sports AI Services segment is also set to grow at 33.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $1.3 Billion in 2024, and China, forecasted to grow at an impressive 27.1% CAGR to reach $3.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as AIBrain, Inc., Appinventiv, Chetu, Inc., ChyronHego Corporation, DataRobot, Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Artificial Intelligence (AI) in Sports Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Artificial Intelligence (AI) in Sports Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Artificial Intelligence (AI) in Sports Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 23 major companies featured in this Artificial Intelligence (AI) in Sports market report include:

• AIBrain, Inc.
• Appinventiv
• Chetu, Inc.
• ChyronHego Corporation
• DataRobot, Inc.
• KINEXON
• Sportlogiq Inc.
• Stats Perform
• V7
• Zebra Technologies Corporation