Smart Stadium Market to Reach USD 22,101.9 Billion At 23.1% CAGR | How Smart Stadiums Are Shaping the Future of Sports

"Connectivity advancements, fan engagement technologies, and IoT integration drive the Smart Stadium market's growth."

PORTLAND, ORIGON, UNITED STATES , November 15, 2023 /EINPresswire.com/ -- According to a recent report published by Allied Market Research, titled,"Smart Stadium Market by Component, Application, and Deployment Type: Global Opportunity Analysis and Industry Forecast, 2018-2025," the global smart stadium market size was valued at $4,192.1 million in 2017, and the market forecast is projected to reach $ 22,101.9 million by 2025, registering a CAGR of 23.1% from 2018 to 2025.

☛ Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5222

The global smart stadium market size is primarily driven by an increased emphasis on enhancing fan engagement and improving their overall experience within sports arenas. Furthermore, the growth of this market is fueled by initiatives to create energy-efficient stadium facilities and government regulations that focus on public safety and security within stadiums. Nevertheless, there are certain factors that impede the expansion of the smart stadium industry, including the substantial initial investment costs, extended timeframes required to achieve return on investment, and security concerns related to connected devices. Notably, the Amsterdam Innovation Arena has partnered with prominent companies such as Microsoft, Philips Lighting, Huawei, and the municipality of Amsterdam to revamp its infrastructure and elevate the fan experience.

Furthermore, during the FIFA World Cup in Russia, NXP Semiconductors N.V., a key player in the smart stadium market, employed MIFARE products to introduce secure and contactless ticketing to the matches. These chipless solutions were integrated into the match tickets, aiming to offer fans rapid, secure, and hassle-free access to the remarkable World Cup stadiums in Russia. These NFC technology solutions featured a smart RFID chip, specifically the NXPs MIFARE Ultralight EV1 contactless IC, which includes an authenticity check through a distinct originality signature to deter illicit ticket trading and fraud. Consequently, these smart stadium ticketing solutions provided FIFA World Cup organizers with a clear view of activities in the secondary ticket markets. Similarly, AT&T delivered state-of-the-art technology solutions to stadiums in Arlington, Texas, enhancing the fan experience through high-speed internet connectivity, kiosk solutions, and signage.

☛ For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/5222

Key Findings Of The Study:

1. By deployment type, the cloud-based segment is expected to exhibit significant growth in the global market during the forecast period.

2. In 2017, Europe accounted for the highest smart stadium market share among other regions.

3. Based on application, the public safety and security segment generated the highest revenue in 2017.

4. By region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.

According to the analysis of the smart stadium market, in 2017, on-premise-based smart stadium solutions held the leading position in the global market. This was due to the advantages they offer in terms of server maintenance and system continuity. Additionally, it is projected that the cloud-based segment will experience the highest Compound Annual Growth Rate (CAGR) in the coming years. This growth is driven by the increasing demand for cloud-based analytics solutions and the need for substantial storage capabilities, capable of storing vast amounts of data, including extensive 4K video files, among others. This presents a significant opportunity in the smart stadium market.

The global smart stadium industry was primarily led by the public safety and security segment in 2017 and is expected to maintain its dominant position in the foreseeable future. However, the building automation management segment is anticipated to exhibit the highest growth rate.

In 2017, Europe emerged as the dominant region in the global smart stadium market, and it is likely to maintain this position in the forecast period. Nevertheless, the Asia-Pacific segment is expected to experience the most substantial growth. This is attributed to the increasing sports league culture and a rise in Information and Communication Technology (ICT) investments in sports infrastructure within developing countries across the region.

☛ Buy Now & Get Exclusive Discount on this Report: https://www.alliedmarketresearch.com/smart-stadium-market/purchase-options

Leading Market Players:

➢ Cisco Systems

➢ Huawei Technologies Co., Ltd

➢ IBM Corporation

➢ Intel Corporation

➢ NEC Corporation

➢ Johnson Controls International plc

➢ GP Smart Stadium

➢ Ericsson

➢ NXP Semiconductors N.V

➢ Schneider Electric SE.

☛ Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/5222

Similar Report:

1. Smart Stadium Solution Market

2. Stadium Seating Market

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn