The sports and entertainment sector has led to rising in the demand for stadiums in the last few years. But the main problem that is faced by the stadium authorities is the management of crowd. Hence, with the help of advanced technology, smart stadiums are built. These stadiums have various digital signs, cameras, and sensors that help to solve various issues that occur in the stadium.
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The rising popularity of events and sports around the world is propelling the development of the global market. In addition to this, advantages such as fan experience, operational efficiency, and stadium security by the smart stadiums are escalating the growth of the global market. Furthermore, increasing demand for enhanced customer management and focus on attracting home viewers is also fueling the global smart stadium market growth. In addition to this, rising trend of digital transformation is also escalating the growth of the global market.
On the other hand, traditional infrastructure of stadiums is hindering the global smart stadium market growth. In addition to this, high investment cost is also hampering the growth of the global market.
On the basis of software, the global smart stadium market is mainly classified as integrates security system, digital content management, event management system, building automation system, network management, crowd management, command and control center, and others.
Based on service, the global market is bifurcated into professional and managed.
On the basis of deployment model, the global smart stadium market is mainly divided as on-premises and on-demand.
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Based on platform, the global market is segmented into device management platform, application management platform, and network management platform.
Based on target audience, the global market is segmented into smart stadium technology vendors, sports authorities, IT firms, energy service providers, architects, owners and investors, clubs, builders, players, coaches, stadium consultants, sports associations, beneficiaries, and others.
The rising popularity of events and sports around the world is escalating the global market specifically in North America. Advantages such as fan experience, operational efficiency, and stadium security by the smart stadiums are boosting the global market in Asia Pacific. Growing demand for enhanced customer management and focus on attracting home viewers is also driving the global market in the Middle East and Africa. Contrary to this, Europe has not shown so much growth in the global market. The traditional infrastructure of stadiums has hampered the global market in France. On the other hand, Germany has also shown a steady decline in the growth of the global market due to high investment cost. Rising trend of digital transformation will propel the global market in rest of the world.
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Some of the key players in the global market for smart stadium are Intel Corp., Huawei Technology Co. Ltd, Cisco System Inc., NEC Corp., Fujitsu, International Business Machine Corporation, Tech Mahindra Ltd., Johnson Controls, GP Smart Stadium, Volteo, and others.