Smart Stadium Market by Software, Deployment, and Geography - Forecast and Analysis 2020-2024
- Published: Apr 2020
- Pages: 120
- SKU: IRTNTR41112
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The smart stadium market size has the potential to grow by USD 10.16 billion during 2020-2024. However, the market’s growth momentum will decelerate during the forecast period.
This smart stadium market research report provides a detailed analysis of the market by software (digital content management, stadium, and public security, building automation, event management, network management, and crowd management), deployment (on-premise and hybrid), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Avaya Holdings Corp., Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Investment & Holding Co. Ltd., Infosys Limited, Intel Corp., International Business Machines Corp., NEC Corp., and Tech Mahindra Limited.
Overview of Smart Stadium Market Statistics
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Market Competitive Analysis
The market is fragmented, with the presence of many large- and small-scale enterprises. The global smart stadium market is still in its innovation stage and provides an opportunity for vendors to develop their product offerings, reposition themselves in the value chain and, thereby, increase their market share as well as revenue. Infosys Limited, Intel Corp., International Business Machines Corp., NEC Corp., and Tech Mahindra Limited. are some of the major market participants. Although the improved operational efficiency will offer immense growth opportunities, data security issues will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this smart stadium market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this report also provides information on the upcoming smart stadium market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This smart stadium market analysis report provides information on the production, sustainability, and prospects of several leading companies, including:
- Avaya Holdings Corp.
- Cisco Systems, Inc.
- Dell Technologies Inc.
- Hewlett Packard Enterprise Co.
- Huawei Investment & Holding Co. Ltd.
- Infosys Limited
- Intel Corp.
- International Business Machines Corp.
- NEC Corp.
- Tech Mahindra Limited.
Smart Stadium Market: Segmentation by Region
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Europe was the largest smart stadium market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The immense popularity of various sports leagues and the increasing efforts of various club owners to keep their fans more engaged through technology will significantly influence smart stadium market growth in this region.
40% of the market’s growth will originate from Europe during the forecast period. The UK, Germany, and Spain are the key markets for smart stadiums in Europe. Market growth in this region will be faster than the growth of the market in North America and South America.
Smart Stadium Market: Segmentation by Software
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The digital content management segment deals with video management, digital signages, and mobile content management. The benefits offered by digital content management include higher spectator engagement and improved spectator experience through signages, promotional activities, and personalized content, thereby acting as a source of revenue for stadium management. These factors drive the growth of the digital content management market in the smart stadium market.
Market growth in the digital content management segment will be faster than the growth of the market in the stadium and public security segments. This report provides an accurate prediction of the contribution of all the smart stadium market segmentation.
Smart Stadium Market Dynamics
Smart stadium solutions are gaining immense popularity across the world as they significantly contribute to improving the overall experience of the spectator by providing real-time information, engaging them with interactive displays and automation. These solutions provide real-time information about the availability of parking slots and queue at concession stands. Such information aids spectators to make informed decisions, which improves their overall experience at stadiums. Similarly, interactive displays at various locations in stadiums are used to post messages from fans, which enhances the spectators' experience. Therefore, improved spectator experience will be one of the key factors driving the growth of the smart stadium market size.
The advent of smart seat-enabled stadiums will be one of the critical smart stadium market trends that will gain traction over the forecast period. Smart seats are equipped with tablets that deliver a rich visual experience for the user and enhance their overall experience in stadiums. Interactive tablets enable the streaming of live TV, which allows spectators to watch the match live along with action replays. Also, these smart tablets are also equipped with content for kids to keep them engaged while their guardians watch the live match. Such advantages of smart seats will propel their adoption during the forecast period. Such factors will drive smart stadium market growth at a CAGR of 23% during 2020-2024. However, the market’s growth momentum will decelerate during the forecast period because of the decline in year-over-year growth.
Key Highlights of the Smart Stadium Market Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive smart stadium market growth during the next five years
- Precise estimation of the smart stadium market size and its contribution to the parent market
- Accurate predictions on upcoming smart stadium market trends and changes in consumer behavior
- The growth of the smart stadium market industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart stadium market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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