Growing Demand For Real-Time Data Analytics To Fuel AI

AI In Sports

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AI In Sports Market Size Growth Forecast: What to Expect by 2025?

In recent times, the market size of AI in sports has seen significant expansion. The market value is projected to rise from $2.39 billion in 2024 to $3.1 billion in 2025, ensuing a compound annual growth rate (CAGR) of 29.8%. Factors contributing to growth in the historic phase include the demand for performance optimization, enhancement of fan engagement, injury prevention and management, strategic decision-making, and enhancement of market competitiveness.

How Will the AI In Sports Market Size Evolve and Grow by 2029?

The AI in sports market is predicted to experience tremendous growth in the coming years, expanding to a size of “$8.7 billion by 2029 with a compound annual growth rate (CAGR) of 29.5%. Factors contributing to this projected growth during the forecast period include the advancement of sports analytics, improvements in athlete development programs, worldwide implementation of AI technologies, rising focus on data security, and the incorporation of wearable technologies. Key trends for the forecast period involve the spread of AI in esports, AI-powered sports betting and predictive analytics, issues related to ethical use and data privacy, partnerships with sports science and medical fields, and AI-enabled personalized fan experiences.

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What Drivers Are Propelling the Growth of AI In Sports Market Forward?

The growth of AI in the sports market is predicted to be driven by an increase in demand for real-time data analytics. This refers to the continuous analysis of data as it is produced or received, enabling organizations to make instant and informed choices based on the latest data. The necessity for quick, informed decisions based on current information is increasing the demand for real-time data analytics. In the world of sports, AI-powered real-time data analytics provide teams with the ability to pull out valuable insights, improve performance, and make strategic decisions during games by evaluating player and game statistics as they happen. For example, a report issued by the Bureau of Labor Statistics, a government agency in the US, predicted in August 2024 that the need for data analytics roles would increase by 23% from 2021 to 2031, greatly surpassing the 5% average growth rate across all industries. As a result, the increased demand for real-time data analytics is likely to catalyze the growth of AI in the sports market.

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Which Emerging Trends Are Transforming the AI In Sports Market in 2025?

The surge in technological innovation is a significant trend sweeping across the AI sports market. Major players within the AI sports market are embracing these advancements in technology to maintain their market dominance. For instance, Epoxy ai., an American company specializing in AI-centric sports technology solutions, introduced its Audience Cloud technology in October 2022. This state-of-the-art sports technology equips gaming operators and sports media organizations with pivotal data, enabling them to more accurately understand customer interactions with their products as consumer preferences fluctuate with the seasons and the evolution of their fandom. The specially designed AI technology presents a continual snapshot of the behavior of sports fans, enhancing the analysis of sports gaming and media. Additionally, the Audience Cloud continually amasses user data from varied sources, incorporating betting, viewing trends, and a myriad of other pertinent indicators.

What Are the Key Segments in the AI In Sports Market?

The AI in sports market covered in this report is segmented –

1) By Solution: Software, Hardware

2) By Game Type: Football, Cricket, Tennis, Basketball

3) By Deployment: Cloud, On-Premise

4) By Technology: Machine Learning, Natural Language Processing, Computer Vision, Data Analytics, Other Technologies

5) By Application: Game Planning, Game Strategies, Performance Improvement, Injury Prevention Sports Recruitment, Others Applications

Subsegments:

1) By Software: Analytics Software, Player Tracking Software, Performance Monitoring Software, Video Analysis Software, Game Strategy Software

2) By Hardware: Wearable Devices, Smart Cameras, Sensors, Drones, GPS Devices

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Who Are the Key Players Shaping the AI In Sports Market’s Competitive Landscape?

Major companies operating in the AI in sports market include International Business Machines Corporation, SAP SE, SAS Institute Inc., Sportradar AG, Amazon Inc., Microsoft Corporation, Apple Inc., Opta Sports company, Catapult Group International Ltd., Trumedia Networks, Salesforce.com Inc., Synergy Sports Technology, Krossover, The Chyron Corporation, FocusMotion, VeoRide Inc., Athos, Arccos Golf LLC, Square Off, Kitman Labs, Zone7 Technologies Inc, KINEXON Sports & Media GmbH, Second Spectrum Inc., Zebra Technologies India Pvt. Ltd., Facebook Inc., Stats Perform, ChyronHego Corporation, ShotTracker Inc., PlaySight Interactive Inc., Hawk-Eye Innovations Ltd.

What Geographic Markets Are Powering Growth in the AI In Sports Market?

North America was the largest region in the AI in sports market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global AI in sports market report during the forecast period. The regions covered in the AI in sports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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