Global Smart Stadium Market, By Component (Software, Services), Deployment Mode (On-Premises, Cloud), Platform (Application Management platform, Device Management Platform, Network Management Platform), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Smart Stadium Market
Smart stadium market size is valued at USD 33.00 billion by 2028 is expected to grow at a compound annual growth rate of 21.43% in the forecast period of 2021 to 2028. Data Bridge Market Research report on smart stadium provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Smart stadium is a type of a digitized infrastructure for sports. The stadium is outfitted with network connections along with the fan management system. The smart stadium comprises parking, crowd management system, emergency response, smart ticketing system, wifi network and integrated system for security.
The upcoming national and international sports event is expected to influence the growth of smart stadium market over the forecast period of 2021 to 2028. Also the increase in the focus on delighting and engaging fans at stadiums and strict security regulations formulated by sports governing bodies are also anticipated to flourish the growth of the smart stadium market. Furthermore, the high demand for data-driven operations and maintenance of stadium infrastructures to reduce CAPEX and OPEX is also likely to positively impact the growth of the market. Moreover, the high adoption of IoT technologies for efficient management of stadium infrastructure and the rapid technological advancements both in developed and emerging economies are also expected create a huge demand for smart stadium as well as lifting the growth of the smart stadium market.
However, the high initial investment and long wait for return on investment (ROI) are expected to act as the major limitations for the growth of smart stadium in the above mentioned forecasted period, whereas the increased risk of technology glitches and various complexities in upgrading and replacing legacy systems can challenge the smart stadium market growth in the forecast period of 2021 to 2028.
Likewise, the rise in the sports league culture in APAC, execution of green initiatives and location-based services and e-commerce potential are expected to create various new opportunities that will lead to the growth of the smart stadium market in the above mentioned forecasted period.
This smart stadium market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on smart stadium market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart Stadium Market Scope and Market Size
Smart stadium market is segmented on the basis of component, deployment mode and platform. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Smart stadium market is segmented on the basis of component into software and services. Software has further been segmented into digital content management, stadium and public security, building automation, event management, network management and crowd management. Digital content management has further been sub-segmented into audio and video management, digital signage and mobile and web content management. Stadium and public security has further been sub-segmented into access control, video surveillance, physical security information management, security scanning, imaging, and metal detection, emergency and disaster management, cyber security and others. Building automation has further been sub-segmented into parking management systems, energy management systems and facility management systems. Event management has further been sub-segmented into event marketing and registration, ticketing management and workforce management. Services have further been segmented into consulting, deployment and integration and support and maintenance.
- On the basis of deployment mode, the smart stadium market is segmented into on-premises and cloud.
- The platform segment of the smart stadium market is segmented into application management platform, device management platform and network management platform.
Smart Stadium Market Country Level Analysis
Smart stadium market is analyzed and market size, volume information is provided by country, component, deployment mode and platform as referenced above.
The countries covered in the smart stadium market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Europe leads the smart stadium market because of the stringent public safety regulations imposed by the governing bodies to guarantee the maximum safety of the public and the stadiums. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to rise in the focus on modernization of infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Stadium Market Share Analysis
Smart stadium market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart stadium market.
The major players covered in the smart stadium market report are IBM, Tech Mahindra Limited, NEC Technologies India Private Limited, Cisco Systems, Inc, Huawei Technologies Co., Ltd., Intel Corporation, FUJITSU, Johnson Controls, Telefonaktiebolaget LM Ericsson, GP Smart Stadium, CenturyLink, NXP Semiconductors, Vix Technology., Hawk-Eye Innovations Ltd, Honeywell International Inc, UCOPIA, Schneider Electric, Infosys Limited, Atos SE and Volteo LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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