According to a new market research report "Smart Stadium Market by Software (Digital Content
Management, Integrated Security System, Building Automation System, Event
Management System, Network Management, Crowd Management), Service, Platform,
Deployment Model - Global Forecast to 2021", published by
MarketsandMarkets, the market size is expected to grow from USD 4.62 Billion in 2016 to USD 17.32 Billion by 2021, at a Compound Annual Growth
Rate (CAGR) of 30.2% during the period 2016-2021.
Browse 96 market data Tables and 54 Figures spread
through 169 Pages and in-depth TOC on "Smart
Stadium Market"
Early buyers will receive 10% customization on this report.
The major drivers for the rise in demand for smart stadiums
include increased frequencies of upcoming national and international sport
events across the globe, increasing adoption of Internet of Things (IoT), need
for modernization of network and telecom infrastructure, and reduction in
Operational Expense (OpEx).
"Professional services segment is estimated to
dominate the Smart
Stadium Market share
during the forecast period."
The professional services segment is estimated to hold
the largest market share in the Smart Stadium Market. The organizations' focus
on offering specialized services to achieve greater customer experience and
attaining operation efficiency at a reduced cost and time are the factors
driving the demand for smart stadium services across the globe. The Smart
Stadium Market is growing at an exponential rate since most of the players are
focusing on providing specialized services for the Smart Stadium Market.
Rapidly growing demand for cloud services, data center services, network
services, and its reliable and efficient integration are some of the other
drivers impacting the services market.
"On-demand deployment model is expected to grow at
the highest CAGR during the forecast period."
The on-demand deployment model is witnessing a potential
growth in comparison to the on-premises deployment model owing to the benefits
it offers, such as reduced operational cost & improved efficiency, high
security & low maintenance, physical location independence, easy
installation, and much more.
The major players in this Smart Stadium Market are Huawei Technologies Co. Ltd. (China), Intel Corp. (U.S.), NEC Corp. (Japan), Cisco Systems, Inc. (U.S.), International
Business Machines Corporation (U.S.), Fujitsu (Japan),
Johnson Controls (U.S.), Tech Mahindra Ltd. (India),
Volteo (U.S.), and GP Smart Stadium (the Netherlands).
"Europe is the leading region in terms of
market share in the Smart Stadium Market"
Europe is expected to hold the largest market share and dominate
the Smart Stadium Market in 2016. The governments in this region have
undertaken many smart commitments. The European Technology Platform on Smart
Systems (EPoSS) Integration defines the Research and Development (R&D),
innovation needs, and policy requirements related to Smart Systems Integration
and integrated Micro and Nano systems. The Europe 2020
targets include investment of 3% of the European Union's GDP in R&D. The
Strategic Energy Technology Plan (SET-Plan) aims to reduce the cost and improve
performances of low carbon technologies. All this has pushed the Smart Stadium
Market toward the growth phase.
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