Smart Stadium Market Estimated to be Driven by Innovation and Industrialization | Huawei Technology Co. Ltd, Intel Corp., NEC Corp., Cisco System Inc.
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Smart Stadium Market: Drivers and Restraints
The growing popularity of sports and events around the world is expected to push the demand for stadiums, which in turn is anticipated to fuel the demand for the smart stadium over the forecast period. Moreover, benefits such as operational efficiency, fan experience, and stadium security are expected to drive the demand for the smart stadium over the forecast period. Furthermore, increasing trend of digital transformation, focus on attracting home viewers and growing demand for better customer management are some of the factors anticipated to escalate the market for smart stadium over the forecast period.
However, high investment cost along with traditional infrastructure of stadiums restrict the stadium owners from adopting the advanced technology and are expected to act as a restraining factor and is anticipated to hamper the demand for Smart Stadium over the forecast period.
Smart Stadium Market: Segmentation
The global Smart Stadium market can be segmented as follows:
Smart StadiumMarket, by Software
Digital Content Management
Integrates Security System
Building Automation System
Event Management System
Command & Control Center
Smart Stadium Market, byService
Smart Stadium Market, by Platform
Application Management platform
Device Management Platform
Network Management Platform
Smart Stadium Market, by Deployment Model
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Smart StadiumMarket: Regional Outlook
Geographically, the global Smart Stadium market can be divided in major regions which include North America, Latin America, Western and Eastern Europe, Asia Pacific excluding Japan (APEJ), Japanand the Middle East and Africa (MEA).In terms of demand, it is anticipated that Europe will dominate global Smart Stadium market. While Middle East and Africa is expected to show significant growth over the forecast period. Europe and MEA have several smart stadium vendors and are leveraging on advanced technology to provide better and connected stadium for their viewers. For instance, Vodafone will provide smart stadium service in collaboration with Intel for 2022 FIFA world cup in Qatar. Rest of the world (ROW) are projected to have moderate growth in Smart Stadium market in coming years.
Smart StadiumMarket: Key Players
The key players in the global Smart Stadium marketare
Huawei Technology Co. Ltd
Cisco System Inc.
International Business Machine Corporation
Tech Mahindra Ltd.
GP Smart Stadium
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