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. Digital transformation would provide immense benefits to all stadium owners and spectators. Starting from the availability of parking space, the smart stadium concept could integrate multiple technologies, such as ticket management, crowd management, seat upgradation, closet bathroom queue, Wi-Fi network, food ordering, merchandise purchasing, social media updates, incident and emergency response management, smart lighting, and integrated security system. Digital transformations also provide a new revenue generating opportunity for stadium owners.
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Top Key Players
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).
Scope of the Report
covers the smart stadium market by software, services, and regions. The software segment is further divided into digital content management, stadium and public safety, building automation, event management, network management, and crowd management. The service segment is further segmented into consulting service, deployment and integration services, and support and maintenance services
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. Hence, stadium owners are primarily investing in deploying hi density Wi-Fi and network management software. It ensures users receive IT services anywhere, anytime. 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.
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Support and maintenance service is expected to grow at a higher rate during the forecast period
The support and maintenance service segment is expected to grow at a higher rate during the forecast period. There are several connected devices that help in the operations of smart stadiums. A failure of any one of these devices can cause inefficiency, resulting in financial loss. Support and maintenance service ensures regular maintenance, 24/7 troubleshooting assistance, software upgrades, problem-solving, repair and replacement of failed components, emergency response management, and other vital services that help in uninterrupted operations of smart stadium.
Europe is expected to hold the largest market share during the forecast period
Europe is expected to hold the largest market share. Europe has a total of 1,335 stadiums, according to worldstadiums.com. The number of professional sports leagues and teams is the highest in this region. Furthermore, the franchise of sports league spends significant amount of their revenue on stadiums to create a memorable experience for their fans in the stadiums. 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.
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