What is Artificial Intelligence in Sports Market?
Artificial intelligence technology in the sports industry used to strategize, train, advertise and many more applications. It can be used for tracking player performance and helps to improve the health of the player by suggestions on the injury. It is revolutionizing sports and elevating it to a whole new level. Increased Adoption of Artificial Intelligence in Sports and Gaining Popularity of Predictive Analytics in Sports are the driving factors for the Global Artificial Intelligence in Sports Market.
Highlights from Artificial Intelligence in Sports Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 24]7.ai (United States), Advanced Micro Devices, Inc. (United States), Amazon Inc. (United States), Anodot (United States), AOL Inc. (United States), Apple Inc. (United States), Arm Ltd. (United Kingdom), Atmel Corporation (United States), Baidu Inc. (China) and Cisco Systems, Inc. (United States) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Artificial Intelligence in Sports market throughout the forecasted period.
24]7.ai (United States), Advanced Micro Devices, Inc. (United States), Amazon Inc. (United States), Anodot (United States), AOL Inc. (United States), Apple Inc. (United States), Arm Ltd. (United Kingdom), Atmel Corporation (United States), Baidu Inc. (China) and Cisco Systems, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are DeepScale, Inc. (United States), Facebook Inc. (United States) and Fujitsu Ltd. (Japan). Artificial Intelligence in Sports Market Segmentation:
Scope | Sub-Segments |
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Application / End User | AI in Sports Recruitment, AI in Performance Improvement, AI in Game Planning, AI in Game Tactics and AI in Injury Prevention |
Type | Machine Learning, Data Analytics, Natural Language Processing, Cognitive Computing, Computer Vision, Data Solutions, Data Analytics and Others |
Sport Type | Baseball,Basketball,Boxing,Cricket,Football (American),Golf |
On the basis of geography, the market of Artificial Intelligence in Sports has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Artificial Intelligence
Market Growth Drivers:
Increased Adoption of Artificial Intelligence in Sports and Gaining Popularity of Predictive Analytics in Sports
Challenges:
Lack of Skilled Professionals
Restraints:
Less Awareness about Artificial Intelligence
Opportunities:
Growing Need for Sports Operations Improvement and Increasing Demand from End-users
Key Target Audience
Artificial Intelligence Providers, Emerging Companies, Research Professionals and End-users
Market Leaders & Development Strategies
In March 2023, Fujitsu acquired GK Software in a voluntary public offer. A leading global provider of international cloud services Retail business based in Schoeneck, Germany. Along with this, Fujitsu ND Solutions AG, a wholly-owned subsidiary of Fujitsu, Acquired all issued stocks of GK.
In April 2023, Quhuo Limited, a leading gig economy platform focused on local life services in China, will partner with Baidu to gain access to its recently unveiled ERNIE Bot, a next-generation large-scale language model (LLM). Quhuo had full access to the vast capabilities of the ERNIE Bot, which can interpret human language and provide accurate, logical, and fluent responses almost on par with humans. This strategic collaboration represents Quhuo's commitment to continue to innovate based on existing technology solutions while leveraging cutting-edge AI technologies that can power multiple business scenarios, including front, middle, and back office functions.