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Smart Stadium Market Analysis,Demand,Trends and Forecast 2023-2032| IBM, Cisco Systems, Tech Mahindra, NEC, Intel Corporation
Smart Stadium Market Growth
The Business Research Company's Smart Stadium Global Market Report 2023 identifies The growing sports league culture as the major driver for the smart stadium market's growth in the forecast period. A sports league is a group of clubs that play against one another with a set of rules and procedures. Smart stadiums provide fans and employees with a wealth of information about the game, parking options, seat upgrades, and the overall experience at their sports facility.
The global smart stadium market size grew from $9.2 billion in 2022 to $11.71 billion in 2023 at a compound annual growth rate (CAGR) of 27.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart stadium market size is expected to grow to $26.39 billion in 2027 at a CAGR of 22.5%.
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Major competitors in the smart stadium market are IBM, Cisco Systems, Tech Mahindra, NEC, Intel Corporation, Huawei Technologies, Johnson Controls, Fujitsu, GP smart stadium, Schneider Electric, Honeywell International Inc., Hawk-Eye Innovations, and Infosys.
A key trend in the smart stadium market includes The integration of advanced technologies. Major players in the smart stadium sector are focusing on the integration of advanced technologies to provide an immersive experience to fans watching from around the world. For instance, in May 2022, Google LLC, a US-based multinational technology company an Ireland-based information technology, and services company, and Telstra Group Limited is an Australia-based telecommunication company collaborated to offer smart stadium features in an Australian football stadium, Marvel, by creating 5G-powered AR wayfinding. The 5G-powered AR wayfinding.5G-powered AR wayfinding is developed by combining Telstra's 5G capabilities with Google's Cloud platform, machine learning and ARCore Geospatial API will provide visitors with a virtual experience such as interactions with virtual brands and digital characters, as well as directions to their seats and other wayfinding featuresto enhance people's interactions with the physical environment around them.
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The smart stadium market is segmented -
• By Component: Software, Services
• By Deployment: On-Premise, Cloud, Hybrid
• By Application: Stadium And Public Security, Building Automation, Event Management, Crowd Management, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the smart stadium market.
The Business Research Company's "Global Smart Stadium Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Smart Stadium Market Include:
1. Executive Summary
2. Smart Stadium Market Characteristics
3. Smart Stadium Market Trends And Strategies
4. Smart Stadium Market - Macro Economic Scenario
5. Smart Stadium Market Size And Growth
……
26. Africa Smart Stadium Market
27. Smart Stadium Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Stadium Market
29. Smart Stadium Market Future Outlook and Potential Analysis
30. Appendix
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