Global Smart Stadium Market 2023: Industry Analysis, Size and Forecast 2028

According to the latest report by IMARC Group, titled, “Smart Stadium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global smart stadium market size reached US$ 7.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.3 Billion by 2028, exhibiting a growth rate (CAGR) of 21.9% during 2023-2028.

A smart stadium refers to a modern sports arena that incorporates advanced technology and connectivity to increase safety and security and improve operational efficiency. It uses a variety of technologies, including wireless connectivity, mobile apps, sensors, and data analytics, to provide a seamless and immersive experience for fans, players, and venue operators. At present, the smart stadium is gaining immense popularity due to the usage of digital signage and displays to provide fans with real-time information on scores, weather, traffic, and other relevant information.

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Smart Stadium Market Trends and Drivers:

The growing inclination towards immersive experience is catalyzing the demand for advanced technologies, such as augmented reality, virtual reality, and interactive displays, to provide a more engaging and memorable experience. This represents one of the key factors positively influencing the market. In addition, due to the rising concerns about safety and security at large events, smart stadiums are investing in facial recognition, thermal imaging, and drone surveillance. This, coupled with advancements in wireless connectivity and increasing usage of mobile applications and sensors that enable real-time data analytics and crowd control, is strengthening the growth of the market. Furthermore, the increasing popularity of sports around the world are stimulating the growth of the market worldwide.

Smart Stadium Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• Cisco Systems Inc.
• GP Smart Stadium
• Honeywell International Inc.
• Huawei Technologies Co. Ltd.
• Intel Corporation
• International Business Machines Corporation
• Johnson Controls International
• NEC Corporation
• NXP Semiconductors N.V.
• Schneider Electric SE
• Tech Mahindra Limited (Mahindra Group)
• Telefonaktiebolaget LM Ericsson.

The report has segmented the market based on component, deployment model and application.

Breakup by Component:

• Software
• Services

Breakup by Deployment Model:

• On-premises
• Cloud-based

Breakup by Application:

• Digital Content Management
• Stadium and Public Security
• Building Automation Management
• Event Management
• Crowd Management
• Network Management
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

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Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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