Smart Stadium Market - Overview
The technological
advancements in media and entertainment along with its integration with smart
phones and tablets has led to a declining demand for experiencing sports
sitting in a live stadium. This is leading to the need for developing smart stadiums
to give a more captivating experience to the fans along with higher returns
from the events. The global smart stadium market is expected to
witness robust growth during the forecast period.
Major
Key Players of the Smart Stadium Market are:
Intel Corporation (U.S.), Cisco Systems, Inc.
(U.S.), Fujitsu Ltd. (Japan), GP Smart Stadium (Netherlands), NEC Corporation
(Japan), Tech Mahindra Ltd. (India), IBM Corporation (U.S.) and Johnson
Controls International PLC (Ireland), among other emerging players.
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Smart Stadium
Market - Trends and Opportunities
The smart stadiums
provide a host of information ranging from parking availability, seat upgrades,
ongoing offers and concession lines among others to the fans and viewers. There
are several factors aiding to the demand for smart stadiums during the forecast
period. In a smart stadium, a fan gets a personalized experience along with
shorter waiting lines. Furthermore, the fans can also navigate faster through
the crowd with the help of GPS navigation available in the stadium. Moreover,
the concept of internet of things (IoT) is also being applied to these stadiums
where in the fans and the viewers can connect their smart phones with the
stadium network to receive important information. In addition, the governments
of various countries are taking initiatives towards automation of industries
and smart building projects in order increase the efficiency of operations and
participate in the green revolution. This factor is expected to drive the
demand for smart stadiums across the globe. Moreover, the smart stadiums are
equipped with display units which show the game along with giving score updates
to the views. This helps the fans to stay updated with the game even when they
are not in their seats. Furthermore, the ongoing modernization of telecom and
networking infrastructure is expected to drive the demand for smart stadiums in
regions such as Europe and North America.
However, certain
factors are expected to restrain the growth of the smart stadium market
during the forecast period. The idea of building a smart stadium involves huge
investment which is one of the primary factors hindering the growth. Moreover,
a smart stadium can face issues with unsecured Wi-Fi networks and major
technical complexities which can hamper the experience of the fans. Another
major factor pulling the growth is luring the fans from their homes to come and
watch a live game play in a stadium. Currently, the advancement of internet and
smart phones has led to viewers getting a rich experience of the game play
sitting at their homes. These are the primary factors hindering the demand for
smart stadiums during the forecast period.
The study is a
source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional
analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru,
Chile, and others)
- Western Europe (Germany, U.K., France,
Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN,
Australia, and New Zealand)
- Middle East and Africa (GCC, Southern
Africa, and North Africa)
The report has been
compiled through extensive primary research (through interviews, surveys, and
observations of seasoned analysts) and secondary research (which entails
reputable paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative assessment by
analyzing data gathered from industry analysts and market participants across
key points in the industry’s value chain.
A separate analysis of
prevailing trends in the parent market, macro- and micro-economic indicators,
and regulations and mandates is included under the purview of the study. By
doing so, the report projects the attractiveness of each major segment over the
forecast period.
Highlights of the
report:
- A complete backdrop analysis, which
includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or
third level
- Historical, current, and projected size of
the market from the standpoint of both value and volume
- Reporting and evaluation of recent
industry developments
- Market shares and strategies of key
players
- Emerging niche segments and regional
markets
- An objective assessment of the trajectory
of the market
- Recommendations to companies for
strengthening their foothold in the market
This study by TMR is
all-encompassing framework of the dynamics of the market. It mainly comprises
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The study strives to
evaluate the current and future growth prospects, untapped avenues, factors
shaping their revenue potential, and demand and consumption patterns in the
global market by breaking it into region-wise assessment.
The following regional
segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
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In the end, Smart Stadium industry report
specifics the major regions, market scenarios with the product price, volume,
supply, revenue, production, and market growth rate, demand, forecast and so
on. This report also presents SWOT analysis, investment feasibility analysis,
and investment return analysis.
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