Smart Stadium Market Size, Future Growth and
Industry Forecast to 2028

The Smart Stadium
Market size is projected to grow from USD 14.3
billion in 2023 to USD 34.5 billion in 2028 at a Compound Annual Growth Rate
(CAGR) of 19.2% during the forecast period, according
to new research report by MarketsandMarkets™

The growth of the smart stadium market is primarily
driven by rapid advancements in IoT, data analytics, cloud computing, and
mobile applications. Also, the need to optimize venue operations, crowd
management, and security, leading to better resource utilization and cost
savings for stadium management will drive the market.

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Based on offering, the services segment to grow
at a higher CAGR during the forecast period

The services segment of the smart stadium market
comprises consulting services, deployment and integration, and support and
maintenance services. The need to increase operational efficiency, achieve
sustainability, and handle the changing business dynamics is driving the
increased adoption of smart stadium services across all regions.

Based on solutions, the network management segment
is expected to grow at the highest CAGR during the forecast period

Network management platforms facilitate
communication between the stadium, workforce, and fans. Network management
platforms ensure users receive IT services anywhere, anytime. With the help of
these platforms, network administrators can easily detect any failure in the
network and resolve issues in real-time by informing the support personnel. The
rapid growth in global sporting events is driving the demand for stable and
efficient data networks to ensure efficient day-to-day operations and
management of stadiums.

Based on services, the support and maintenance
segment is expected to grow at a higher CAGR during the forecast period

Support and maintenance service providers ensure
regular maintenance and offer continuous improvements to these devices. The
need to increase profitability, enhance the fan experience, empower
communications, and improve the stadium infrastructure. Also, the need for
technical expertise for high reliability and minimal downtime will drive the
segment’s growth.

Based on the digital content management solution
type area, the mobile and web content management  segment is expected
to grow at a higher CAGR during the forecast period

Mobile and web content management software store and
deliver content and services to mobile devices. The market segment is growing
rapidly due to the adoption of web-based digital solutions and services by
stadium operators. Also, the increasing use of the internet and sports
analytics drives stadium operators to use mobile apps and web services at
stadium venues.

Europe to hold the highest market size during the
forecast period

Europe is one of the most prominent regions in the
smart stadium market. The European smart stadium market is projected to
experience sustained growth due to funding policies at both the EU and
individual state levels. European sports organizations are increasingly
adopting smart stadium solutions. The UK, the birthplace of football and
cricket, generates significant revenue from these sports. Consequently, sports
organizations in the country are investing heavily to maintain a competitive
edge within the industry. Governments across Europe have already initiated
multiple research and development (R&D) ventures to convert traditional
stadiums into smart stadiums by integrating IoT solutions and 5G connectivity.

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Key Market Players

Major vendors operating in the smart stadium market
include IBM (US), Ericsson (Sweden), Intel (US), NTT (US), Tech Mahindra
(India), Johnson Controls (US), Siemens (Germany), Honeywell (US), Cisco (US),
NEC (Japan), Huawei (China), Schneider Electric (France), NXP 
Semiconductors (Netherlands), Atos (France), Verizon (US), AT&T (US),
Vodafone (UK), T-Mobile (US), Telefonica (Spain), VIX Technology (Australia),
Hawk Eye (UK), UCOPIA (France), AllGoVision (India), AiFi (US),Pixellot
(Israel), Locbee (Hungary), Dignia (Israel), GP Smart Stadium (Netherlands).

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