The global smart stadium market size is anticipated to expand at a considerable CAGR, during the forecast period, 2021-2028. The growth of the market is attributed to growing need for fast and reliable sports decision making.
A smart stadium integrates a large number of cameras, digital signs, and sensors, which connect to servers as well as, wired and wireless networks. Sensors give real-time data on vacant parking spaces, long lineups, the amount of hot dogs available at concession stands, and other stadium statistics.
The pandemic have forced the governments around the world to impose lockdown and close down offices, schools, and colleges. This has resulted, in companies implementing work from home (WFH) policy. Also schools and colleges have been forced to continue education and regular classes by using online platforms. The global online retail market has therefore seen a boom due to the pandemic, not only because of WFH policies which are adopted by companies, but also increasing use of internet and mobile telecommunication platforms for daily business operations and many more stay-at-home activities.
This has ultimately led to increased online transactions, and people are preferring it more because of safety reasons. Most of the online e-commerce websites and healthcare systems have also seen a huge growth during this pandemic. This has led a growing need for data driven sports decision making.
Market Drivers, Restraints and Opportunities
- Cost-effectiveness of sports analytics and key benefits of the stadiums around the world, is a major factor driving the market.
- Increasing efficiency of IOT and related technologies is estimated to fuel the market during forecast period.
- Inaccuracy of predicting software act as a major restraint for market growth.
- Rising threat of cyber-attacks because of increased data manipulations and huge datasets, is expected to hamper the market growth.
- Increasing demand for fast and efficient off-field and on-field decision making services is expected to create lucrative opportunities for the market players.
Scope of Smart Stadium Market Report
The report on the global smart stadium market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Smart Stadium Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2020
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Forecast Period
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2021–2028
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Segmentation
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Components (Software [Event Management, Building Automation, Stadium & Public Security, and Others] and Services), Deployments (On-premise and Cloud)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cisco Systems, Inc.; IBM Corporation; Fujitsu Ltd.; Intel Corporation; Johnson Controls; NEC Corporation; Huawei Technologies Co.; Schneider Electric; Tech Mahindra Limited; NXP Semiconductors; and Telefonaktiebolaget LM Ericsson
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Smart Stadium Market Segment Insights
The services segment to hold major market share
Based on component, the market is bifurcated into software and services. The software segement is further segregated into event management, building automation, stadium & public security, and others. The software segment dominated the smart stadium market and accounted for a major revenue share of around 62.6% in 2018. Digital transformation offer advantages to all spectators and stadium owners. The smart stadium conception integrate varied technologies, like automobile parking space management, ticket management, seat up-gradation, and crowd management.
The cloud segment is estimated to grow at significantly CAGR
On the basis of deployment, the market is bifurcated into on-premise and cloud. The on-premise segment dominanted the market in 2018. Smart stadiums are furnished with varied sensors, digital signs, and cameras connected to wireless and wired networks. The cloud segment is projected to expand at the rapid CAGR of 22.3% during the forecast period. Smart stadium owners and operators provide access to stadium apps to reinforce spectators’ expertise. It also decreases the physical effort required of the employees to direct the crowd to the nearest entrances and exits.
Europe dominated the market in 2018
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe dominated the market and accounted for 32.2% of the total market share in 2018. It is projected to expand at a robust CAGR during the forecast period. The growth of the market in the region is attributed to stringent public safety laws imposed by the government to make sure the maximum safety of the stadiums and also general public.
Segments
The global smart stadium market has been segmented on the basis of
Components
- Software
- Event Management
- Building Automation
- Stadium & Public Security
- Others
- Services
Deployments
Regional
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Cisco Systems, Inc.
- IBM Corporation
- Fujitsu Ltd.
- Intel Corporation
- Johnson Controls
- NEC Corporation
- Huawei Technologies Co.
- Schneider Electric
- Tech Mahindra Limited
- NXP Semiconductors
- Telefonaktiebolaget LM Ericsson
Competitive Landscape
Key players competing in the application server market include IBM Corporation; Cisco Systems, Inc.; Fujitsu Ltd.; Huawei Technologies Co.;Johnson Controls; Intel Corporation; NEC Corporation; Tech Mahindra Limited; Telefonaktiebolaget LM Ericsson; NXP Semiconductors; and Schneider Electric. These companies are focusing on strategic partnerships, and collaborations, to expand their network across the untapped markets.