Smart Stadium Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025 - Key Players | Cisco Systems, Inc., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, NEC Corporation, Johnson Controls International plc

The smart stadium includes a large number of surveillance solutions, digital signs, parking solutions, and sensors, among other solutions connected either through wireless or wired networks. These solutions provide real-time information, such as lines at concession stands, in-stadium merchandise pricing, parking availability, and thus enhancing the fan experience. Stadiums are being renovated significantly to offer a complete experience around the event, covering a range of aspects such as enhanced security, operational efficiency, and smart parking, among others.

The building automation management segment is expected to grow at the highest CAGR during the forecast period, owing to more number of stadiums turning to connected technologies to improve the management of their buildings.

Download Report Sample (150 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/5222

The global smart stadium market accounted for $4.1 billion in 2017 and is expected to reach $22.1 billion by 2025, growing at a CAGR of 23.1% during the forecast period, 2018-2025.

The growth of the smart stadium market is driven by a surge in focus on fan engagement experiences at stadiums, increasing adoption of IoT technologies to efficiently manage stadium infrastructure, and the advent of green initiatives & security regulations by sport governing bodies. However, high initial investment & long wait for ROI along with security vulnerability of open Wi-Fi networks in stadiums restrict market growth. Nonetheless, the rise of sports league culture in emerging economies would provide lucrative opportunities to emerging market players in the near future.

The key players analyzed in the report include Cisco Systems, Inc., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, NEC Corporation, Johnson Controls International plc, GP Smart Stadium, Ericsson, NXP Semiconductors N.V., and Schneider Electric SE. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5222

Europe is expected to continue its global market dominance and generate one-third of the overall revenue by 2025, due to the presence of well-established sports infrastructure in countries such as the UK, Germany, and Russia. Additionally, Europe is also the hub for a large number of soccer events that drive the adoption of connected solutions among stadium operators.

By deployment model, the cloud segment is projected to grow at the fastest CAGR of 25.2% during the forecast period and generate slightly more than half of the global revenue by 2025. This is due to increased adoption of cloud-based software to collect & analyze data, which eventually improves operational processes and amplifies fan engagement at stadiums.

By application, the building automation management segment is poised to encounter the highest growth rate from 2018 to 2025, a CAGR of 26.1%, on account of providing facilities managers with deeper insights which help them take faster judgment. In addition, these systems also reduce administrative workload, which has resulted in an increased adoption among end users.

Get detailed COVID-19 impact analysis on the smart stadium market: https://www.alliedmarketresearch.com/request-for-customization/5222

By component, the software segment occupied more than two-thirds of the overall market share in 2017 and is expected to continue its dominance through 2025. This is attributed to increased investment by stadium operators on software for cloud analytics, data security, and communication link management – which enhances operations and provides cost-effective solutions for stadium staffs.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

This release was published on openPR.