Smart Stadium Market Size, Share, Trends, Growth Report and Forecast 2030

The global smart stadium market was valued at around USD 8529.5 million in 2021 and is expected to rise to nearly USD 27848.8 million by 2028, at a compound yearly growth rate (CAGR) of approximately 21.8 percent throughout the forecast period. The study examines the smart stadium market's drivers, restraints/challenges, and the impact on demand during the forecast period. Furthermore, the paper investigates new opportunities in the smart stadium sector.

Increased technological breakthroughs and increased acceptance of smart technologies are projected to have a significant impact on global demand for smart stadiums. These smart stadiums offer optimal stadium management and operation by utilising smart technologies to eliminate errors and improve operations in order to provide a better experience for spectators.


Further aspects driving the smart stadium market potential include increasing technical proliferation, expanding popularity of smart technology, and the stadium's high digital transformation.

The high costs of deploying these smart stadiums, on the other hand, are projected to act as a restricting factor for the global smart stadium market growth in the long run. To increase the smart stadium market potential until 2028, smart stadium companies are working on providing cheap solutions.

The 2020 pandemic had a negative impact on the smart stadium business since it forced the closure of all stadiums and venues due to the advent of coronavirus infections. The cancellation of many events, including the Olympics in Japan, affected the stadium sector landscape even more. Yet, while enhanced digital transformation during the pandemic helped the smart stadium industry, it was unable to lift it out of its negative growth pattern.

Once lockdown limits are eased, there will be a significant demand for smart stadiums in the post-pandemic age. The growing technical proliferation and global appeal of smart technologies will drive the expansion of the smart stadium market.

The global smart stadium market is divided into three segments: software, service, and region. The global market for software is divided into Digital Content Management, Audio and Video Management, Digital Signage, Mobile and Web Content Management, Stadium & Public Security, Access Control, Video Surveillance, Physical Security Information Management, Security Scanning, Imaging, and Metal Detection, Emergency and Disaster Management, Cybersecurity, Others, Building Automation, Parking Management Systems, Energy Management Systems, Facility Management, and Others. Over the predicted period, the tickets registration and security categories will lead the growth trend. The crowd control segment is projected to be in high demand as the demand for effective people management rises due to an increase in stampedes at various public events.

Browse the full "Smart stadium Market By Software (Digital Content Management, Audio and Video Management, Digital Signage, Mobile and Web Content Management, Stadium & Public Security, Access Control, Video Surveillance, Physical Security Information Management, Security Scanning, Imaging, and Metal Detection, Emergency and Disaster Management, Cybersecurity, Others, Building Automation, Parking Management Systems, Energy Management Systems, Facility Management Systems, Others, Building Automation, Parking Management Systems, Energy Management Systems, Facility Management Systems, Others, Building Automation, Parking Management Systems The report is available at https://www.zionmarketresearch.com/report/smart-stadium-market.

The Asia Pacific area will have the quickest development in the smart stadium market and is predicted to be a very advantageous region for smart stadium firms over the forecast period. Because of its growing emphasis on smart infrastructure and supported government initiatives, Japan will be the most prominent market in this region. Some factors impacting smart stadium market growth include high technical proliferation, expanding internet penetration, and increasing acceptance of smart technology.

Because of increased sporting events and the presence of important smart stadium providers in this area, the smart stadium market in Europe will hold a leading market share over the projection period.

Key players in the global 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-E (India).

Current developments include:

In January 2018, IBM (International Business Machines Corporation), a renowned technology company, announced the debut of a new platform that provides hybrid data management and integration, promoting the use of smart technology in infrastructure and thereby expanding the firm's customer base.

The global smart stadium market is divided into the following segments:

By means of software:

Digital Content Administration

Management of Audio and Video

Digital Advertising

Stadium and Public Security Mobile and Online Content Management

Access Management

Video Monitoring

Handling of Physical Security Information

Metal Detection, Imaging, and Security Scanning

Handling of Emergencies and Disasters

Cybersecurity

Others

Automation in Construction

Parking Management Software

Systems for Energy Management

Facilities Management Software

Event Planning, Marketing, and Registration

Ticketing Administration

Workforce Administration

Crowd Management via Service Network Management

Consultation, Deployment, and Integration, as well as Support and Maintenance

Region by Region

The continent of North America

Canada and the United States

Europe

France

The UK

Spain

Germany

Italy

The rest of Europe

Asia and the Pacific

China

Japan

India

Korea, South

Southeast Asia and the Pacific Rim

South America

Brazil

Mexico

The remainder of Latin America

Africa and the Middle East

GCC

South Africa with the rest of the Middle East and Africa

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