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The global smart stadium market size reached US$ 5.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.3 Billion by 2027, exhibiting a growth rate (CAGR) of 22.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
A smart stadium utilizes digital and automated technological solutions to provide up-to-date information on parking availability, bathroom and concession lines, seat upgrades, and special offers. It relies on data analytics software to personalize the fan experience through loyalty programs and offer the convenience of navigating faster amongst the crowd. In addition, its networking sensors and existing systems depend on Internet of Things (IoT) technology to assist the staff in monitoring the venue and keeping people safe. Nowadays, the infrastructure of a smart stadium can be utilized to modernize and control building management systems, including lighting and heating, ventilation, and air conditioning (HVAC).
The growing popularity of live sports and entertainment events, coupled with the escalating demand for a hassle-free stadium experience, acts as a major driver positively influencing the market of smart stadium solutions across the globe. These solutions rely on digital technologies and fast internet connections to provide efficient customer services. They also enable stadium operators to increase profitability, enhance the overall fan experience, and improve stadium security. In addition, market players are offering technologically sophisticated services to compete with at-home experience or entertainment systems. They are also designing state-of-the-art stadiums with augmented reality (AR), interactive seats, and big screens to expand their consumer base. These stadiums are installed with monitors throughout the venue that allow fans to have real-time access to players’ profiles, statistical data, and fantasy performances of teams on their smartphones, tablets, and stadium kiosks. Apart from this, due to rising environmental concerns, these players are introducing smart stadium infrastructures that can be automated to conserve energy, reduce the number of operational staff required, and minimize maintenance costs.
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart stadium market report, along with forecasts at the global, regional and counrty level from 2022-2027. Our report has categorized the market based on component, deployment model and application.
Breakup by Component:
Breakup by Deployment Model:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Cisco Systems Inc., GP Smart Stadium, Honeywell International Inc., Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Johnson Controls International, NEC Corporation, NXP Semiconductors N.V., Schneider Electric SE, Tech Mahindra Limited (Mahindra Group) and Telefonaktiebolaget LM Ericsson.
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Deployment Model, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Cisco Systems Inc., GP Smart Stadium, Honeywell International Inc., Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Johnson Controls International, NEC Corporation, NXP Semiconductors N.V., Schneider Electric SE, Tech Mahindra Limited (Mahindra Group) and Telefonaktiebolaget LM Ericsson|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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