Operational Efficiency Driving Smart Stadiums
NEW YORK, NY, December 18, 2023 /24-7PressRelease/ — Explore the Technavio Smart Stadium Market report, a valuable resource with ISO 9001:2015 certification. Having collaborated with 100+ Fortune 500 companies for over 16 years, Technavio predicts a potential growth of USD 50.70 billion in the smart stadium market from 2023 to 2028.
Enhanced operational efficiency fuels this growth, as smart stadium solutions empower management authorities to optimize energy usage, streamline building management, increase automation, and enhance crowd control. Integration with various departments, such as public transport and weather services, allows real-time display of weather updates, traffic information, and public transport schedules.
The smart stadium market faces challenges from the increasing popularity of household consumer electronic gadgets, affecting viewer preferences. Growing numbers opt for watching sports on electronic devices like TVs, smartphones, and laptops, reducing stadium attendance due to expensive ticketing and inadequate infrastructure. Learn more about key drivers, trends, and challenges in Technavio’s detailed report.
The smart stadium market is segmented by Software (Digital content management, Building automation, Stadium and public security, Event management, and Others), Deployment (On-premises and Cloud-based), and Geography (Europe, North America, APAC, South America, and Middle East and Africa).
Major Growth Driver:
The digital content management segment dominates the smart stadium market, addressing video management, digital signage, and mobile content management. Digital content management benefits include heightened spectator engagement and an enhanced spectator experience through signages, promotions, and personalized content, generating revenue for stadium management.
Europe is projected to contribute 38% to global market growth during the forecast period. Explore a sample report for insights into segment contributions and regional opportunities.
Discover key players driving smart stadium market innovation, including Avaya LLC, Cisco Systems Inc., Dell Technologies Inc., Huawei Technologies Co. Ltd., Intel Corp., and more.
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Historic Market Sizes
Five Forces Analysis
Market Segmentation by Software
Market Segmentation by Deployment
Market Segmentation by Geography
Drivers, Challenges, & Trends
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