The Smart Stadium Global Market Report 2023 by The Business Research Company, provides smart stadium market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Smart Stadium Global Market Report 2023, the global smart stadium market size will grow from $9.2 billion in 2022 to $11.71 billion in 2023 at a compound annual growth rate (CAGR) of 27.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the smart stadium is expected to grow to $26.39 billion in 2027 at a CAGR of 22.5%.
The growing sports league culture is projected to propel the growth of the smart stadiums market in the coming years. A sports league is a group of clubs that play against one another with a set of rules and procedures. Smart stadiums provide fans and employees with a wealth of information about the game, parking options, seat upgrades, and the overall experience at their sports facility.
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The smart stadium market is segmented:
1) By Component: Software, Services
2) By Deployment: On-Premise, Cloud, Hybrid
3) By Application: Stadium And Public Security, Building Automation, Event Management, Crowd Management, Other Applications
The integration of advanced technologies is shaping the smart stadiums market. Major players in the smart stadium sector are focusing on the integration of advanced technologies to provide an immersive experience to fans watching from around the world. For instance, in May 2022, Google LLC, a US-based multinational technology company, Accenture plc, an Ireland-based information technology, and services company, and Telstra Group Limited is an Australia-based telecommunication company collaborated to offer smart stadium features in an Australian football stadium, Marvel, by creating 5G-powered AR wayfinding. The 5G-powered AR wayfinding.5G-powered AR wayfinding is developed by combining Telstra’s 5G capabilities with Google’s Cloud platform, machine learning and ARCore Geospatial API will provide visitors with a virtual experience such as interactions with virtual brands and digital characters, as well as directions to their seats and other wayfinding featuresto enhance people’s interactions with the physical environment around them
The smart stadium market report table of contents includes:
1. Executive Summary
2. Smart Stadium Market Characteristics
3. Smart Stadium Market Trends And Strategies
4. Smart Stadium Market – Macro Economic Scenario
5. Smart Stadium Market Size And Growth
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26. Africa Smart Stadium Market
27. Smart Stadium Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Stadium Market
29. Smart Stadium Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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