AI In Sports Market Size, Share, Trends, Opportunity, Key Drivers, Top Major Players And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's AI In Sports Global Market Report 2023 identifies increasing demand for wearable devices as the major driver for the AI in sports market's growth in the forecast period. Wearable devices refer to electronic devices that can be worn on the body and are designed to collect and monitor data related to health, fitness, and activity levels. AI in sports often uses wearable devices to track and monitor athletes' performance data and provide insights into an athlete's performance and identify areas for improvement.

The global AI in sports market size is expected to grow from $1.41 billion in 2022 to $1.85 billion in 2023 at a compound annual growth rate (CAGR) of 31.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global AI in sports market size is expected to reach $5.25 billion in 2027 at a CAGR of 29.7%.

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Major competitors in the AI in sports market are International Business Machines Corporation (IBM), SAP SE, SAS Institute Inc., Sportradar AG, Amazon Inc., Microsoft Corporation, Apple Inc.

A key trend in the AI in sports market includes technological advancement. Major companies operating in AI in the sports market are adopting new technologies to sustain their position in the market. For instance, in October 2022, Epoxy ai., a US-based AI-driven sports technology solutions company, launched its Audience Cloud technology. This cutting-edge sports technology gives critical information to gaming operators and sports media organizations, allowing them to understand better how their customers interact with their products over time as consumers change with the seasons and their fandoms evolve. This technology employs custom-built AI to provide a constant picture of sports fan behavior, allowing for improved sports gaming and media analysis. Furthermore, the audience cloud continuously collects user data from various sources, such as betting, viewing trends, and a range of other contextual indicators.

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The AI in sports market 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

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the AI in sports market.

The Business Research Company's "Global AI In Sports Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The AI In Sports Market Include:
1. Executive Summary
2. AI In Sports Market Characteristics
3. AI In Sports Market Trends And Strategies
4. AI In Sports Market - Macro Economic Scenario
5. AI In Sports Market Size And Growth
…….
26. Africa AI In Sports Market
27. AI In Sports Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The AI In Sports Market
29. AI In Sports Market Future Outlook and Potential Analysis
30. Appendix

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