New York, NY, May 08, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Smart Stadium Market by Software (Stadium & Public Security, Building Automation, Event Management, Network Management, Digital Content Management, and Crowd Management), Service (Consulting, Deployment, and Support) and Region - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023”. According to the report, the global smart stadium market was valued at USD 4.59 Billion in 2017 and is expected to reach USD 17.18 Billion by 2022, growing at a CAGR of around 24.6% between 2018 and 2023.
The smart stadium is a concept in which the stadium operators focus on providing home viewers and the visitors with special offers, a wealth of information on parking availability, seat upgrades, bathroom and concession lines, and many other such facilities to boost the experience of their fans and staffs. Video wall facilities, clear sound systems, and refrigerators nearby are also some of the factors that are essential to attracting the visitors or consumers.
Browse through 42 Tables & 30 Figures spread over 110 Pages and in-depth TOC on "Global Smart Stadium Market: Software, Services, Size, Share, Analysis and Industry Forecast, 2017 – 2023”.
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The rising popularity of sports and other activities have accelerated the development of the global smart stadium market. A recent trend of digital transformation is also one of the aspects propelling the growth of this market. Moreover, the factors such as enhanced customer management, and attracting the home viewers are some of the reasons for increasing the growth of this market. However, high investment cost along with traditional infrastructures of stadiums is anticipated to hamper the demand for the market.
The global smart stadium market is segmented on the basis of software, services, deployment, and regional segments. Based on the type, the smart stadium software market is bifurcated into stadium & public security, building automation, event management, network management, digital content management and crowd management. Consulting, deployment, and support are the major service segments of the global smart stadium market. Further, based on deployment the market is segmented into on-premises and on-cloud.
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The regional analysis of smart stadium market is being studied for regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Among these, Europe is expected to be the leader smart stadium market and North America holds the second largest share in this market.
In terms of revenue, Europe held the largest share of the global smart stadium market. Europe has several vendors leveraging on latest technology so as to serve their viewer and customers with better, efficient, and well-managed stadium with smart technologies. For instance, Vodafone announced the partnership with Intel in order to provide smart stadium services for 2022 FIFA world cup in Qatar. In addition, the factors fueling the demand for smart stadium market in Europe is increasing spending on smart technologies and the government products on implementing smart technology, smart cities, and trialing.
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North America is predicted to be the second largest player in the smart stadium market. Involvement of consumers more in sports and entertainment sectors are boosting the global smart stadium market. The Asia Pacific comprises of developing economies such as China and India, which have a significant potential for smart stadium application. The factors driving the growth of Asia Pacific markets are advantages such as operational efficiency, stadium security by the smart stadium and fan experience. Indian Premier League (IPL) in India is has attracted usage of many smart technologies and is anticipated to further drive the adoption of smart stadium solutions in the Indian market.
Major participant operative in the smart stadium market is Huawei Technology Co. Ltd., Intel Corp., NEC Corp., Cisco System Inc., International Business Machine Corporation, Fujitsu, Johnson Controls, Tech Mahindra Ltd., Volteo, and GP Smart Stadium among others.
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The report segments of global smart stadium market are as follows:
Global Smart Stadium Market: Software Segment Analysis
- Digital Content Management
- Stadium & Public Security
- Building Automation
- Network Management
- Event Management
- Crowd Management
Global Smart Stadium Market: Service Segment Analysis
- Consulting
- Deployment
- Support
Global Smart Stadium Market: Deployment Segment Analysis
- On-Premises
- On-Cloud
Global Smart Stadium Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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