The global Smart Stadium market worth $ 24.3 billion by 2030, growing at a CAGR of 23%
.jpg "The Global Smart Stadium Market 2020-2030 (USD Billion)")
For the past few years, the sports industry has gone through numerous developments and it is embracing new technologies to enhance players' performance, sports management, and overall sports experience. Under the umbrella term of smart city development, the smart stadium is also a new concept that is emerging globally. The growing culture of sports leagues and technological developments in developing as well as developed countries are creating substantial growth opportunities for the smart stadium market. The smart stadiums comprise numerous combined Applications that enhance the experience fans and fulfill the requirement of medical teams as well as players.
The global smart stadium market size is anticipated to reach nearly USD 19 Billion by 2025. This can be attributed to the increasing need to create an engaging experience for fans at stadiums. Also, the increasing need for enhanced security solutions for stadiums is the key factor boosting the global smart stadium market growth. Moreover, upcoming international and national sports events are also driving the demand for the market.
However, the high initial cost of implementation is expected to impede market growth. Furthermore, the increasing adoption of E-commerce and location-based services are expected to be opportunistic for the market in the forthcoming years.
Smart Stadium Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | $ 24.3 billion |
| Growth Rate | CAGR of 23% during 2020-2030 |
| Segment Covered | By Component ,By Deployment Type,By Platform,Application, Delivery Mode,Component,Regional , |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Cisco Systems, Intel, Huawei Technologies Co., IBM, Johnson Controls, Schneider Electric SE, Ericsson, NEC, GP Smart Stadium, and CenturyLink. Moreover, the other potential players in the smart stadium market are NXP Semiconductors, Hawk-Eye Innovations, Honeywell, Atos, and Honeywell. |
Key Segment Of The Smart Stadium Market
By Component (USD Billion)
• Software
• Service
By Deployment Type, (USD Billion)
• On Premise
• Software As A Service
By Platform, (USD Billion)
• Application Management Platform
• Device Management Platform
• Network Management Platform
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The smart stadium market is growing at a CAGR of 23% over the forecast period.
Asia-Pacific dominated the market for smart stadium market and accounted for the largest revenue share.
The major contenders in the global market are Cisco Systems, Intel, Huawei Technologies Co., IBM, Johnson Controls, Schneider Electric SE, Ericsson, NEC, GP Smart Stadium, and CenturyLink. Moreover,
From the recent past, sports stadiums have been experiencing less response from the people as people have become more technology savvy. With the technological developments, people can now experience live sports at their fingertips via tablets, smartphones, and smart TVs, which in turn has resulted in reduced demand for live sports experience at stadiums. On the contrary, it is creating an opportunity for sports stadiums as with the integration of smart & connected technologies and Application sports stadiums can be converted into smart stadiums. With technological advancements, people are looking for an appealing experience for live sports. Hence, such factors driving the demand for smart stadiums Application and services.
Services Segment
Based on the services segment, the market is divided into integration services, support and maintenance, and others. In 2019, the integration services segment gathered the highest market revenue and it is anticipated to govern the smart stadium market throughout the forecast period. The growth of this segment is primarily accredited to the growing need to integrate digital content management, building automation, and network management solutions in smart stadiums. However, the support and maintenance segment is projected to gather the highest growth rate over the forecast years.
Applications Segment
Based on the applications, the market is segmented into event management, stadium & public security, digital content management, building automation, crowd management, and others. The stadium & public security segment leads the market growth in 2019 and it is expected to do so throughout the forecast period. However, the building automation segment is anticipated to experience the highest market growth in the forthcoming years. The building automation segment comprises numerous sub-segments such as energy management systems, parking management systems, and facility management systems. The growth of this segment is mainly attributed to the growing demand for building automation solutions among stadium operators.
The European region dominated the overall market in 2019 and it is expected to maintain its position throughout the forecast period 2018-2025. The dominance of this region is mainly attributed to the strict policies about public safety and security in this region. However, the Asia-Pacific region is projected to experience the highest growth throughout the forecast period. Moreover, the North America region is projected to be the second-largest market during the forecast period.
.png "North America Smart Stadium Market, 2018-2025 (USD Billion)")
The major players of the global smart stadium market are Cisco Systems, Intel, Huawei Technologies Co., IBM, Johnson Controls, Schneider Electric SE, Ericsson, NEC, GP Smart Stadium, and CenturyLink. Moreover, the other potential players in the smart stadium market are NXP Semiconductors, Hawk-Eye Innovations, Honeywell, Atos, and Honeywell. The smart stadium market comprises well established local as well as global players. Also, the previously recognized market players are coming up with new and advanced strategic services to stay competitive in the global market.