The Objective of the Smart Stadium Market report is to depict the trends and upcoming for Smart Stadium Industry over the forecast years. In Smart Stadium Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2018 to 2025 mulling over 2017 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.
The global smart stadium market accounted for $4.1 billion in 2017 and is expected to reach $22.1 billion by 2025, growing at a CAGR of 23.1% during the forecast period, 2018-2025. The report provides an in-depth analysis of the key winning strategies, drivers & opportunities, market share, key segments, and competitive landscape.
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The factors propelling the smart stadium market are an increased focus on fan engagement experiences at stadiums, growing adoption of IoT technologies to efficiently manage stadium infrastructure, and the advent of green initiatives & security regulations by sport governing bodies. Nevertheless, high initial investment & long wait for ROI along with security vulnerability of open Wi-Fi networks in stadiums restrict the market growth. On the other hand, growing sports league culture in emerging economies are expected to offer immense growth opportunities to emerging market players in the future.
The report analyzes the prominent players operating in the smart stadium market and they include Cisco Systems, Inc., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, NEC Corporation, Johnson Controls International plc, GP Smart Stadium, Ericsson, NXP Semiconductors N.V., and Schneider Electric SE. They have adopted various strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions and others to gain a strong position in the industry.
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The market in Europe is expected to continue its dominance, holding one-third of the market share through the forecast period. This is due to the presence of well-established sports infrastructure in countries such as the UK, Germany, and Russia.
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