Smart Stadium Market Size to Reach US$ 23.3 Billion, Globally, by 2028 at 21.9% CAGR

The global smart stadium market size reached US$ 7.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.3 Billion by 2028, exhibiting a growth rate (CAGR) of 21.9% during 2023-2028.

Brooklyn, New York, United States, 23rd May 2023, King NewsWire IMARC Group, a leading market research company, has recently releases report titled, “Smart Stadium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global smart stadium market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the smart stadium market?

The global smart stadium market size reached US$ 7.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.3 Billion by 2028, exhibiting a growth rate (CAGR) of 21.9% during 2023-2028.

What is smart stadium?

A smart stadium refers to a modern sports arena that incorporates advanced technology and connectivity to increase safety and security and improve operational efficiency. It uses a variety of technologies, including wireless connectivity, mobile apps, sensors, and data analytics, to provide a seamless and immersive experience for fans, players, and venue operators. At present, the smart stadium is gaining immense popularity due to the usage of digital signage and displays to provide fans with real-time information on scores, weather, traffic, and other relevant information.

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What are the growth prospects and trends in the smart stadium industry?

The growing inclination towards immersive experience is catalyzing the demand for advanced technologies, such as augmented reality, virtual reality, and interactive displays, to provide a more engaging and memorable experience. This represents one of the key factors positively influencing the market. In addition, due to the rising concerns about safety and security at large events, smart stadiums are investing in facial recognition, thermal imaging, and drone surveillance. This, coupled with advancements in wireless connectivity and increasing usage of mobile applications and sensors that enable real-time data analytics and crowd control, is strengthening the growth of the market. Furthermore, the increasing popularity of sports around the world are stimulating the growth of the market worldwide.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

Software, Services

Breakup by Deployment Model:

On-premises, Cloud-based

Breakup by Application:

Digital Content Management, Stadium and Public Security, Building Automation Management, Event Management, Crowd Management, Network Management, Others

Breakup by Region:

North America, Asia-Pacific, Europe, Latin America, Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Cisco Systems Inc., GP Smart Stadium, Honeywell International Inc., Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Johnson Controls International, NEC Corporation, NXP Semiconductors N.V., Schneider Electric SE, Tech Mahindra Limited (Mahindra Group), Telefonaktiebolaget LM Ericsson.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact

Organization: IMARC Group

Contact Person: Kanika Sharma

Website: https://www.imarcgroup.com/

Email: sales@imarcgroup.com

City: Brooklyn

State: New York

Country: United States

Release Id: 2305233679

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