The global AI in Sports market is expected to reach $2.61 billion by 2030

From GlobeNewswire: 2024-12-18 09:00:00

The global AI in Sports Market is set to reach USD 2.61 billion by 2030, growing at a CAGR of 16.7%. AI tools enhance player performance, fan engagement, and injury prevention in sports. Major tech solutions like ML and IoT are driving this growth, transforming how sports organizations operate and engage with fans.

Innovations in AI are revolutionizing the sports industry, from enhancing player performance analytics to improving fan engagement through personalized experiences. Companies like Cisco, IBM, and Microsoft are leading the way in integrating AI technologies to create more engaging, efficient, and data-driven sporting ecosystems.

Generative AI is expected to see the highest growth rate in the AI in Sports Market, with applications in fan engagement, performance analysis, and content generation. By creating virtual commentators and enhancing predictive analytics, generative AI is reshaping how sports fans interact with the games they love.

North America is at the forefront of AI adoption in sports, with advanced technology and established sports leagues driving innovation. Major players like IBM and Microsoft are collaborating with sports organizations to provide customized AI solutions, enhancing player performance, fan engagement, and overall sports experiences.



Read more at GlobeNewswire: The Rise of AI in Sports Market: A $2.61 billion Industry