The
smart stadium market is expected to grow by
USD 10.16 billion during 2020-2024, according to the latest market research
report by Technavio.
The implementation of smart stadium solutions has enabled
stadium management authorities to improve their operating efficiency, optimize
energy use, improve building management, increase automation, and improve crowd
control. It has also enabled the management to monitor temperature and lighting
throughout the games and change it as per requirement. The building management
system implemented in smart stadiums enables the monitoring of the entire
stadium from a single console, which maximizes efficiency and reduces operating
costs. Such advantages of smart stadium solutions will drive their demand
during the forecast period.
As per Technavio, the advent of smart seat-enabled stadiums will
have a positive impact on the market and contribute to its growth significantly
over the forecast period. This research report also analyzes other significant
trends and market drivers that will influence market growth over 2020-2024.
Smart Stadium Market : Advent of Smart Seat-Enabled Stadiums
Smart seats have attached tablets that help deliver a rich
visual experience to users and enhancing the overall experience in stadiums.
These interactive tablets enable spectators to watch the match live along with
action replays. They enable the streaming of live TV, which enables spectators
to watch the news, connect to social media platforms, and follow other sports.
In addition, these tablets are equipped with content targeted toward kids to
keep them engaged while their guardians watch the live match. In recent years
the Etihad Stadium in Melbourne has installed such seats. Thus, the adoption of
such technological advances in smart stadiums, will boost market growth over
the forecast period.
Smart Stadium Market: Segmentation Analysis
This market research report segments the smart stadium market by
software (digital content management, stadium and public security, building
automation, event management, network management and crowd management),
deployment (on-premise and hybrid), and geography (APAC, Europe, MEA, North
America and South America).
The European region led the smart stadium market in 2019,
followed by North America, APAC, South America and MEA. During the forecast
period, the European region is expected to register the highest incremental
growth due to factors such as the immense popularity of various sports leagues
and the increasing efforts of various club owners to keep their fans engaged
through the adoption of latest technology.
Technavio’s sample reports are free of charge and contain
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challenges, trends, and more. Request a free sample report
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