In today’s world, where there have been various advancements in technology, Artificial Intelligence, also known as AI, is becoming very popular as it has various applications in all kinds of fields. Artificial Intelligence basically focuses on creating smart machines that can replicate the human mind’s capabilities. Nowadays, we have seen how smart assistants like Alexa and Siri are playing a major role in making our lives much easier. In this blog we will know every details of usage of Artificial Intelligence in sports and how AI has transformed the global sports.
Nowadays, AI is being applied a lot in domains like sports for various purposes. Increase in the use of AI technology in major sports is boosting the growth of Artificial Intelligence in sports market. AI technology is being implemented virtually in different sports such as football, cricket, baseball, American football, etc.
When it comes to creating training regimens for athletes and playing strategies, artificial intelligence inn sports can be applied in performance analysis and forecast modeling. Wearable sensors and AI-powered cameras make it feasible to gather a wide range of data, which is then processed by ML-based systems to provide coaches with insightful data. This can also be utilized to recognize the playing styles of rivals and comprehend their strong points and weaknesses, which may improve individual and group performance. The number of wearable devices in the sports business is growing as a result of the rising demand for monitoring and tracking player data. This in turn is producing detailed data on player fitness and performance characteristics including heart rate, speed, and acceleration.
Virtual assistants and chatbots are being introduced to enable a particular team engage with the fans about a range of subjects. In order to notify fans of ticket status, check-in locations, parking, and schedules, chatbots also interact with them. Additionally, AI algorithms aid in making Virtual assistant referees quicker and more precise in spotting game breaches. Moreover, AI can be applied to automated sports writing and ticketing, which will undoubtedly contribute to the market’s growth in the near future.
In 2020, the sports market for artificial intelligence was estimated to be worth $1.4 billion. By 2030, it is expected to have grown to $19.2 billion, with a CAGR of 30.3%. In terms of market share by sport, football accounted for more than one-fourth of the global artificial intelligence in the sports market in 2020.
