Industry Background:
The smart stadium includes a large number of sensors, cameras, as well as digital signs that are being connected to wired & wireless networks & servers. These included sensors offer real-time information about vacant parking spots, waiting for lines, a number of empty seats and other valuable information. The technological developments in media and entertainment along with its addition with smartphones & tablets has led to decreasing demand for feeling sports sitting in a live stadium. This is important for the requirement of developing smart stadiums to provide a more captivating experience to the fans along with high returns from the events. With a growing focus on delighting & attracting fans at stadiums, the global market for smart stadiums is likely to observe healthy growth over the coming years.According to AMA, the market for Smart Stadium is expected to register a CAGR of 21.9% during the forecast period to 2026. This growth is primarily driven by Upcoming National And International Sports Events, Strict Security Rules Framed By Sports Governing Bodies, High Demand For Data-Driven Operations & Stadium Infrastructure Maintenance and Increasing Adoption Of IoT Technologies For Effective Stadium Infrastructure Management.
Globally, a noticeable market trend is evident A Growing Focus On Delighting & Attracting Fans At Stadiums. The Semiconductors sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as International Business Machines Corporation (United States), Tech Mahindra (India), NEC Corporation (Japan), Cisco Systems, Inc. (United States), Huawei Technologies Co., Ltd (China), Intel Corporation (United States), Fujitsu Ltd. (Japan), Johnson Controls (Ireland), NTT Data Corporation (Japan) and Ericsson (Sweden) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
Europe has stringent public safety regulations which have forced regulatory & governing bodies to improve the stadium and public security during events and games. this is likely to impact the growth of the global smart stadium market over the coming years.
Market Drivers
- Upcoming National And International Sports Events
- Strict Security Rules Framed By Sports Governing Bodies
- High Demand For Data-Driven Operations & Stadium Infrastructure Maintenance
- Increasing Adoption Of IoT Technologies For Effective Stadium Infrastructure Management
Market Trend
- A Growing Focus On Delighting & Attracting Fans At Stadiums
Restraints
Opportunities
Rising Sports League Culture In APAC and Ecommerce Potential & Location-Based Services
Challenges
Open Wi-Fi Networks Weakness To Cyber-Attacks and Growing Risk Of Technology Glitches
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smart Stadium Study Sheds Light on
The Smart Stadium Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Smart Stadium industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Stadium industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.