The global smart stadium market size reached US$ 7.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.3 Billion by 2028, exhibiting a growth rate (CAGR) of 21.9% during 2023-2028.
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).
Smart Stadium Market Trends:
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.
Key Market Segmentation:
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 2023-2028. Our report has categorized the market based on component, deployment model and application.
Breakup by Component:
Breakup by Deployment Model:
Breakup by Application:
Digital Content Management
Audio and Video Management
Stadium and Public Security
Emergency and Disaster Management
Physical Security Information Management
Security Scanning, Imaging and Metal Detection
Building Automation Management
Parking Management Systems
Energy Management Systems
Facility Management Systems
Event Marketing and Management
Breakup by Region:
Middle East and Africa
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
Component, Deployment Model, Application, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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
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Key Questions Answered in This Report
The global smart stadium market was valued at US$ 7.3 Billion in 2022.
We expect the global smart stadium market to exhibit a CAGR of 21.9% during 2023-2028.
The rising integration of smart stadiums with the Internet of Things (IoT) to enhance fan experience, provide real-time personalization, increase venue efficiency, etc., is primarily driving the global smart stadium market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in various live sports and entertainment activities, thereby negatively impacting the global market for smart stadiums.
Based on the component, the global smart stadium market can be categorized into software and services. Currently, software accounts for the majority of the global market share.
Based on the deployment model, the global smart stadium market has been segregated into on-premises and cloud-based, where on-premises currently exhibit a clear dominance in the market.
Based on the application, the global smart stadium market can be bifurcated into digital content management, stadium and public security, building automation management, event management, crowd management, network management, and others. Among these, building automation management holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global smart stadium market include 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.
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