Smart stadium is the key to attract more fans to the stadium to enhance their live event experience as well as improve stadium security, which will eventually increase the profitability of stadium operators. At-home experience provided by the high-tech consumer devices as well as comfort of being at home possess key challenge for stadium operators to lure their fans for stadium experience. Smart stadiums include features such as optimized energy usage, improved building management, and automated maintenance work order which results in cost-effective maintenance of the stadium.
Increase in focus on fan engagement experience at stadiums and rise in adoption of IoT technologies for efficient management of stadium infrastructures are some major factors, which drive the growth of the smart stadium market. Moreover, the stringent security regulations for safety of public by sports governing bodies and green initiatives by government of various countries drive the growth of the smart stadium market. However, high initial investment and longer wait for return on investment (ROI) are expected to hinder growth of the smart stadium market. In addition, security concerns associated with adoption of IoT technologies in smart stadiums, leading to the more number of cyber security lapses are a major restraint for the market growth. Furthermore, the increase in number of sports league culture across the globe and rise in live events such as Sunburn, VH1 supersonic and music concerts are expected to present major opportunities for the growth of the smart stadium market during the forecasted period.
The global smart stadium market is segmented based on component, application, deployment model, and region. Based on component, it is bifurcated into software and service. Based on application, it is segregated into digital content management, stadium & public security, building automation, event management, crowd management, and network management. Based on deployment type, it is bifurcated into on-premise and cloud based. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the market including Cisco Systems, Inc., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, NEC Corporation, Johnson Controls International plc, GP Smart Stadium, Ericsson, NXP Semiconductors N.V., and Schneider Electric SE.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
BY COMPONENT
BY Application
BY Deployment Model
BY REGION
o Canada
o Germany
o France
o Rest of Europe
o India
o Japan
o Rest of Asia-Pacific
o Middle East
o Africa
KEY MARKET PLAYERS
Increase in focus on fan engagement experience at stadiums and rise in adoption of IoT technologies for efficient management of stadium infrastructures are some major factors, which drive the growth of the smart stadium market. Moreover, the stringent security regulations for safety of public by sports governing bodies and green initiatives by government of various countries drive the growth of the smart stadium market. However, high initial investment and longer wait for return on investment (ROI) are expected to hinder growth of the smart stadium market. In addition, security concerns associated with adoption of IoT technologies in smart stadiums, leading to the more number of cyber security lapses are a major restraint for the market growth. Furthermore, the increase in number of sports league culture across the globe and rise in live events such as Sunburn, VH1 supersonic and music concerts are expected to present major opportunities for the growth of the smart stadium market during the forecasted period.
The global smart stadium market is segmented based on component, application, deployment model, and region. Based on component, it is bifurcated into software and service. Based on application, it is segregated into digital content management, stadium & public security, building automation, event management, crowd management, and network management. Based on deployment type, it is bifurcated into on-premise and cloud based. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the market including Cisco Systems, Inc., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, NEC Corporation, Johnson Controls International plc, GP Smart Stadium, Ericsson, NXP Semiconductors N.V., and Schneider Electric SE.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global smart stadium market along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analyses on the market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global smart stadium market for the period of 2017–2025 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY COMPONENT
- Software
- Service
BY Application
- Digital Content Management
- Stadium & Public Security
- Building Automation Management
- Event Management
- Crowd Management
- Network Management
- Others
BY Deployment Model
- On-premise
- Cloud
BY REGION
- North America
o Canada
- Europe
o Germany
o France
o Rest of Europe
- Asia-Pacific
o India
o Japan
o Rest of Asia-Pacific
- LAMEA
o Middle East
o Africa
KEY MARKET PLAYERS
- Cisco Systems, Inc.
- Ericsson, and
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Intel Corporation
- NEC Corporation
- Johnson Controls, International plc
- GP Smart Stadium
- NXP Semiconductors N.V.
- Schneider Electric SE.
Table of Contents
Chapter 1: INTRODUCTION
Chapter 2: EXECUTIVE SUMMARY
Chapter 3: MARKET OVERVIEW
Chapter 4: SMART STADIUM MARKET, BY COMPONENT
Chapter 5: SMART STADIUM MARKET, BY APPLICATION
Chapter 6: SMART STADIUM MARKET, BY DEPLOYMENT TYPE
Chapter 7: SMART STADIUM MARKET, BY REGION
Chapter 8: COMPANY PROFILE
Executive Summary
According to this report titled, 'Smart Stadium Market by Component, Application, and Deployment Type: Global Opportunity Analysis and Industry Forecast, 2018-2025,' the global smart stadium market size was valued at $4,192.1 million in 2017, and the market forecast is projected to reach $ 22,101.9 million by 2025, registering a CAGR of 23.1% from 2018 to 2025.Increased focus on fan engagement and ongoing efforts to enhance their experience among the sports arenas, initiatives for energy-efficient buildings, and government regulations of public safety & security in stadium majorly drive the growth of the global smart stadium market size. However, the high initial investment costs, longer wait for ROI and security concerns associated with connected devices restrain the growth of the smart stadium industry. Recently, Amsterdam Innovation Arena collaborated with several partners to innovate its infrastructure for enhanced fan experience. They have collaborated with giant companies such as Microsoft, Philips Lighting, Huawei, along with the municipality of Amsterdam. In addition, FIFA World Cup Russia used the MIFARE products of NXP Semiconductors N.V., one of the key players of smart stadium market to bring secure and contactless ticketing to the matches. Its chip less solution was embedded inside the match tickets aimed to provide fans with fast, safe, and hassle-free access to Russia's spectacular World Cup stadiums. This NFC technology solutions were equipped with a smart RFID chip, commonly known as NXPs MIFARE Ultralight EV1 contactless IC, which features an authenticity check with the help of a special originality signature to prevent illicit trading and ticket fraud. As a result, the smart stadium ticketing solutions provided the FIFA World Cup organizers a transparent view of these grey markets. Similarly, AT&T provided stadiums with cutting-edge technology in Arlington, Texas. The company provided a digital interactive experience for fans by high-speed internet connectivity and kiosk solutions and signage.
According to smart stadium market analysis, the on-premise based smart stadium solutions dominated the global market in 2017, as on premise solutions provide better and flexible maintenance of servers and continuous system. Furthermore, cloud-based segment is expected to grow at the highest CAGR during the forecast period, due to surge in demand for cloud-based analytics solutions and large storage solutions which can store terabytes of data, such as enormous 4K video files and many more which make it a major smart stadium market opportunity.
The global smart stadium industry was led by the public safety and security segment in 2017, and is projected to maintain its dominance during the forecast period. However, the building automation management segment is expected to witness the highest growth rate.
In 2017, the global smart stadium market was dominated by Europe, and is expected to maintain this trend during the forecast period. However, the Asia-Pacific segment is expected to witness the highest growth, owing to rise in sports league culture and increase ICT spending in sports infrastructure among developing countries in the region.
Key Findings Of The Study
By deployment type, the cloud-based segment is expected to exhibit significant growth in the global market during the forecast period.
In 2017, Europe accounted for the highest smart stadium market share among other regions.
Based on application, the public safety and security segment generated the highest revenue in 2017.
By region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.
The global smart stadium market include some of the key market players such as Cisco Systems, Inc., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, NEC Corporation, Johnson Controls International plc, GP Smart Stadium, Ericsson, NXP Semiconductors N.V., and Schneider Electric SE.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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