The Smart Stadium Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Smart Stadium Global Market Report 2024, The smart stadium market size has grown exponentially in recent years. It will grow from $11.19 billion in 2023 to $13.83 billion in 2024 at a compound annual growth rate (CAGR) of 23.6%. The growth in the historic period can be attributed to enhanced fan engagement, operational efficiency and cost reduction, safety and security measures, data monetization opportunities, sustainability initiatives.
The smart stadium market size is expected to see exponential growth in the next few years. It will grow to $31.24 billion in 2028 at a compound annual growth rate (CAGR) of 22.6%. The growth in the forecast period can be attributed to 5G connectivity and high-speed networks, contactless and cashless transactions, personalized fan experiences, smart venue management and analytics. Major trends in the forecast period include smart seating and viewing experiences, advanced security and surveillance, green and sustainable initiatives, real-time data analytics for operations, smart parking and transportation solutions.
The growing sports league culture is projected to propel the growth of the smart stadiums market in the coming years. A sports league is a group of clubs that play against one another with a set of rules and procedures. Smart stadiums provide fans and employees with a wealth of information about the game, parking options, seat upgrades, and the overall experience at their sports facility. For instance, in August 2023, construction management, a US-based magazine, the stadium's capacity will reach over 50,000 with the addition of 7,300 seats from the new stand, which will also have commercial space, better accessibility, and local transportation. Therefore, the growing sports league culture drives the smart stadiums market growth.
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The smart stadium market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: On-Premise, Cloud, Hybrid
3) By Application: Stadium And Public Security, Building Automation, Event Management, Crowd Management, Other Applications
Major companies operating in the smart stadiums market are forming partnerships to develop new products and strengthen their positions in the market. Collaborations and partnerships in the smart stadiums market foster innovation, leverage complementary expertise, and accelerate the development and commercialization of advanced therapies by combining resources and capabilities. For instance, in September 2023, JIG-SAW, a US-based provider of business information and data services partnered with Climatec LLC a US-based company that provides building technologies and energy solutions. This partnership is to provide the San Diego Padres (MLB) with Smart Stadium technology. Through this partnership, Petco Park will become an intelligent and connected venue through the integration of Climatec's building automation solutions and the deployment of JIG-SAW's IoT technology to develop and manage networks of smart equipment. The partnership between the two businesses, which will use IoT and building automation technology to improve the entire fan experience and streamline stadium operations, marks a significant step in the digital revolution of sporting stadiums.
The smart stadium market report table of contents includes:
- Executive Summary
- Smart Stadium Market Characteristics
- Smart Stadium Market Trends And Strategies
- Smart Stadium Market - Macro Economic Scenario
- Global Smart Stadium Market Size and Growth
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- Global Smart Stadium Market Competitive Benchmarking
- Global Smart Stadium Market Competitive Dashboard
- Key Mergers And Acquisitions In Smart Stadium Market
- Smart Stadium Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Nippon Telegraph and Telephone Corporation
- Huawei Technologies Co Ltd.
- Intel Corporation
- International Business Machines Corporation
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The global Smart Stadium Solution Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the smart stadium solution market include Cisco, IBM, Infosys, HUAWEI, Intel, Tech Mahindra, NEC, Johnson Controls, VIX Technology, Centurylink, Honeywell, Ucopia, Volteo, HPE.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Smart Stadium Solution Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/smart-stadium-solution-market/download-sampleMarket DynamicsThe global smart stadium solution market is anticipated to remain healthy and lucrative in the coming years.
Evolving digital age, upcoming national and international sports events, increasing focus on delighting and engaging fans at stadiums, stringent security regulations formulated by sports governing bodies collectively drive the global market.
This is because the COVID-19 pandemic caused accelerated changes in fan behavior and expectations, with new possibilities and opportunities enabled by increasing advancements in digital technology.
Market Research Future (MRFR), highlights that the global smart stadium market 2020 is expected to grow exponentially over the assessment period, securing a substantial market valuation of USD 17 Billion by 2022, and a healthy 26% CAGR over the review period.
Drivers and Restraints The demand for smart stadiums comprises mainly key factors such as digitized infrastructure, advanced network connectivity, an effective platform and proper fan control systems.
The technological advances in media and entertainment along with its integration with smart phones and tablets have resulted in a declining demand for sports sitting in a live stadium to experience.
Digital broadcasting techniques, unique advertising, attractive sponsorship offerings, and broadcasting discounts and merchandising solutions dominate the smart stadium market are the digital content management factor which contributes greatly to the smart stadium market.
Smart Stadium Market@ Smart Stadium Market 2021: Business Trends, COVID-19 Outbreak, Competitor Strategy, Global Segments, Industry Profit Growth, Landscape and Demand Competitive Analysis The major market players operating in the global market as acknowledged by MRFR are Intel Corporation (U.S.), GP Smart Stadium (Netherlands),International Business Machines Corporation (U.S.), Huawei Technologies Co. Ltd. (China), Cisco Systems, Inc. (U.S.), NEC Corporation (Japan), Johnson Controls (U.S.), Fujitsu Ltd. (Japan), Tech Mahindra Ltd. (India),Volteo (U.S.), among others.
Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/2673 Segmental Analysis The smart stadium market is segmented on the basis of deployment type, component, and platform.
Detailed study on Smart Stadium Market by MarketsandMarkets™ provides broad analysis on the basis of Types, Applications and key players which is useful for better decision making.According to a new market research report "Smart Stadium Market by Software (Digital Content Management, Stadium & Public Security, Building Automation, Event Management, Network Management, and Crowd Management), Service (Consulting, Deployment, and Support), and Region - Global Forecast to 2022"published by MarketsandMarkets™, the Smart Stadium Market estimated to be $4.60 Billion in 2018 and expected to reach $12.50 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.1% during the forecast period.The major factors driving the growth of the Smart Stadium Market include the upcoming national and internatonal sporting events, stringent security regulations by sports governing bodies, and increasing adoption of IoT technologies for efficient management of stadium infrastructure.Browse in-depth TOC on "Smart Stadium Market”75- Tables 54- Figures 164- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=137092340Network management software is estimated to hold the largest market shareThe network management software is expected to have the largest market share in the Smart Stadium Market.
Network infrastructure is the backbone of any smart stadium, it plays an important role in managing stadium operations and enhancing the fan experience in stadium.
With the help of network management platforms, network administrators can easily detect any failure in the network and resolve issues in the real time by informing the support personnel.
They also help analyze the volume of data being transferred over the network and automatically route the data to avoid congestions that can result in network crashes.Support and maintenance service is expected to grow at a higher rate during the forecast periodThe support and maintenance service segment is expected to grow at a higher rate during the forecast period.
Apart from this, Europe has very strict public safety regulations that have forced regulatory and governing bodies to enhance the stadium and public security during events and games.The major vendors covered in the Smart Stadium Market include IBM (US), Tech Mahindra (India), NEC (Japan), Cisco (US), Huawei (China), Intel (US), Fujitsu (Japan), Johnson Controls (Ireland), NTT (Japan), Ericsson (Sweden), GP Smart Stadium (Netherlands), Centurlink (US), NXP Semiconductors (Netherlands), Vix Technology (Australia), Intechnology (UK), Hawk-Eye Innovations (UK), Locbee (Hungary), Insprid (UK), Byrom (UK), Volteo (US), Dignia (Israel), Atos (France), Honeywell (US), UCOPIA (France), Schneider Electric (France ), and AllGoVision (India).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.
According to a new market research report "Smart Stadium Market by Software (Digital Content Management, Stadium & Public Security, Building Automation, Event Management, Network Management, and Crowd Management), Service (Consulting, Deployment, and Support), and Region - Global Forecast to 2023"published by MarketsandMarkets™, The global Smart Stadium Market size is estimated to be USD 4.60 Billion in 2018 and is expected to reach USD 12.50 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22.1% during the forecast period.The major factors driving the growth of the Smart Stadium Market include the upcoming national and internatonal sporting events, stringent security regulations by sports governing bodies, and increasing adoption of IoT technologies for efficient management of stadium infrastructure.Browse in-depth TOC on "Smart Stadium Market” 75- Tables 54- Figures 164- PagesAsk for Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=137092340 Network management software is estimated to hold the largest market share The network management software is expected to have the largest market share in the Smart Stadium Market.
Network infrastructure is the backbone of any smart stadium, it plays an important role in managing stadium operations and enhancing the fan experience in stadium.
With the help of network management platforms, network administrators can easily detect any failure in the network and resolve issues in the real time by informing the support personnel.
Apart from this, Europe has very strict public safety regulations that have forced regulatory and governing bodies to enhance the stadium and public security during events and games.Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=137092340The major vendors covered in the Smart Stadium Market include IBM (US), Tech Mahindra (India), NEC (Japan), Cisco (US), Huawei (China), Intel (US), Fujitsu (Japan), Johnson Controls (Ireland), NTT (Japan), Ericsson (Sweden), GP Smart Stadium (Netherlands), Centurlink (US), NXP Semiconductors (Netherlands), Vix Technology (Australia), Intechnology (UK), Hawk-Eye Innovations (UK), Locbee (Hungary), Insprid (UK), Byrom (UK), Volteo (US), Dignia (Israel), Atos (France), Honeywell (US), UCOPIA (France), Schneider Electric (France ), and AllGoVision (India).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.
Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM".
Smart Stadium Market A new market study, titled “Smart Stadium Market ” has been featured on Market Research Future.In this technology driven environment with development in each and every sector, the smart stadium market is coming up with whole new innovation in experiencing the live sports and entertainment system.
The crowd management is a significant aspect of the smart stadium.
The application platform provides numerous benefits on premise handling of the operations while watching the sport and concert.
On basis of component type the smart stadium market consists software and service.
The study indicates that software service solutions would grow at a highest rate in the smart stadium market by the forecast period.
Whereas on the platform type network management platform is driving the market.The prominent players in the smart stadium market are Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), International Business Machines Corporation (U.S.), Huawei Technologies Co. Ltd. (China), NEC Corporation (Japan),Tech Mahindra Ltd. (India), Johnson Controls (U.S.), Fujitsu Ltd. (Japan), Volteo (U.S.), GP Smart Stadium (Netherlands), among others.Market Research Analysis:Market Research Future Analysis shows that new adoptions of cloud computing, evolution of wireless network and Internet of things (IoT) would result in sudden hike in Smart Stadium market.
