Smart Stadium Market Report to observe Potential Impact of Coronavirus (COVID19), Industry Dynamics and Future Growth, 2021-2025

 Technological Innovations Such as Biometrics-based Access Control Fuel Growth

Smart stadium market is one of the fastest growing industries as sports as a business vertical, scales indefinite heights, a new investigative research report by Adroit Market Research finds.

To induce large scale footfall of comfort loving sports fans and spectators who are gradually tilting towards home-based live viewing on advanced devices that support HD viewing experience and granular detailing, technological interventions have become integral and indispensable to reinforce humongous footfall into sport stadiums.

Technological innovations targeting high fan-engagement and ensure convenient, hassle-free viewing experience remain extremely necessary. Leading players in smart stadiums space are vying for efficiency and safety, inclusive of convenient transport facilities, parking, and access to on-demand refreshments to remain industry specific.

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The global smart stadium market size is anticipated to reach over USD 19 billion by 2025. In addition, it is expected to exhibit a CAGR of over 21% over the forecast years 2018-2025.

It is also anticipated that with advances in smart city projects globally, scope for highly potent smart stadiums, competent in features such as connectivity, security and resilience in terms of judicious resource consumption are underway, to further fuel advances in smart stadium ecosystem.

High end collaborative associations between industry giants also remain crucial in determining free-flow growth in global smart stadium space. Recently, Johnson Controls, best known for its dynamic smart architectural designs and buildings has paired up with Microsoft to empower digital transformation and IoT connectivity across smart buildings such as commercial spaces and sports stadiums.

A smart stadium is built across a resilient architecture comprising latest technologies such as sensors, cameras, wireless connectivity, servers, and digital signs to deliver real time information not only of the ongoing sports event but also about parking facilities waiting status and other stadium based data to ensure highest levels of safety and convenience, thus ensuring a rewarding fan experience.

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Market participants in smart stadium market are investing aggressively towards novel feature integration such as biometrics-based authentication to ensure hassle-free contactless transactions, identification, and access. Factors as such are poised to ensure optimistic growth ride in global smart stadiums market in the foreseeable future, though the industry still is fighting limitations such as high installation charges and cyber-crime probabilities that have persistently hindered growth.

The major players of the global smart stadium market are Cisco Systems, Intel, Huawei Technologies Co., IBM, Johnson Controls, Schneider Electric SE, Ericsson, NEC, GP Smart Stadium, and CenturyLink. Moreover, the other potential players in the smart stadium market are NXP Semiconductors, Hawk-Eye Innovations, Honeywell, Atos, and Honeywell. The smart stadium market comprises well established local as well as global players. In addition, the previously recognized market players are coming up with new and advanced strategic services to stay competitive in the global market.

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Segment Overview of Global Smart Stadium Market

Services Overview, 2018-2025 (USD Billion)

• Integration Services
• Support and Maintenance
• Others

Application Overview, 2018-2025 (USD Billion)

• Event Management

• Ticketing Management
• Event Marketing Management
• Workforce Management

• Stadium & Public Security

• Emergency & Disaster Management
• Cybersecurity
• Security Scanning, Metal Detection, and Imaging
• Video Surveillance
• Others

• Digital Content Management

• Audio & Video Management
• Digital Signage
• Others

• Building Automation

• Energy Management Systems
• Parking Management Systems
• Facility Management Systems

• Others

Regional Overview, 2018-2025 (USD Billion)

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Middle East and Africa
  • UAE
  • South Africa
  • Rest of Middle East and Africa

• South America
  • Brazil
  • Rest of South America

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code – Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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