The history of telecommunications and networking was
not so developed and innovated but by the time the vendors of this market has
done attractive developments and advancements in the technology and make it a
prominent market which further is having an efficient impact on the economy.
Whereas, the category of smart technology is impacting almost every facet of
the people’s daily lives. It spreads even to leisurely activities such as
sports and entertainment. The stadiums are no more just a place where anyone
can go, sit and watch the respective favorite game or event. Whereas, in the
last past decades, stadiums have witnessed a growing demand for the employment
of the innovative technology from the sports and entertainment segments.
Furthermore, the key players of this market are analyzing the related aspects
of the market and doing effective developments in the technology for their
attractive implementation. This will also results in the fastest market growth
during the forecasted period.
According to the report analysis, ‘Smart Stadium Market -By Software(Integrated
Security System, Digital content management, Crowd Management, Building
automation system, Event management system, Command and control center, Command
and control center); By Service( Professional Service, Managed Service); By
Platform(Network Management Platform, Application Management Platform,
Application Management Platform); By Deployment(On-Premise, On-Cloud); By
Regions(Europe, America, APAC, MEA) Drivers, Opportunities, Restraints, Trends,
and Forecast to 2024’ states that there are several key players which
are recently functioning in this market more significantly for leading the
fastest market growth with the adoption of effective strategies and policies and
developing the techniques of doing work includes NEC Corporation, Intel
Corporation, and Cisco Systems. In addition, as there is a need for wide-ranging
and integrated solutions, the market will observe a rising number of strategic
partnerships for better and holistic offerings. The market is probable to
witness a rise in the number of mergers, acquisitions, and strategic
partnerships during the forecast period.
According to research, the Smart Stadium Market is
predictable to reach USD 19.79 billion by 2024, increasing at an effective CAGR
of around 22.28% during the forecast period. Moreover, internet of things
(IoT) is also being employed at these stadiums where fans and promoters can
associate their smart devices with the stadium network to attain timely
information and augmented participation in the event.The foremost factors
driving the growth of the smart stadium market involve the forthcoming highly
popular national and international sporting events, rigorous security
regulations by sports governing bodies and significant rise in the acceptance
of IoT technologies for efficient organization of stadium infrastructure.
However, extraordinary initial investment and longer wait for RoI are
anticipated to restrict the market growth in the coming years.
Although, Europe control the principal chunk of the
market share in 2017 and is predictable to account the Smart Stadium market
during the forecast period. The region has always been a pivot for wide
investments in research and development (R&D) activities, thus contributing
to the enlargement of new technologies. Therefore, in the near future, it is
expected that the market of smart stadium will increase across the globe more
efficiently over the recent few years.
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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
