Smart Stadium Market To Report Impressive Growth, Revenue To Surge To US$17.18 Billion by 2023

With the presence of a large pool of participants, the Global smart stadium market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR).  Huawei Technology Co. Ltd., Intel Corporation, Cisco System Incorporation, International Business Machine Corporation, and Fujitsu are some of the key vendors of smart stadium across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the smart stadium market study.

Citing an instance, in August 2018, Elon Musk‘s Boring Company announced constructing a 3.6 mile hyper loop linking downtown Los Angeles to Dodger stadium via an underground tunnel. Reportedly, the firm predicts that loop can shift nearly 1,400 persons to the game at the stadium having an overall capacity of accommodating approximately 2, 50,000 persons each year. Analysts anticipate that the move can prove to be highly beneficial for the growth of smart stadium market size over the next few years.

As estimated in this report, the global smart stadium market stood at US$ 4.59 billion in 2017. Witnessing a tremendous rise during the period from 2017 to 2023, the revenue in this smart stadium market is expected to reach US$ 17.18 billion by the end of the forecast period.

Smart Stadium Market To Accrue Massive Gains With Growing Sports Popularity

“Enlarged popularity of sports and other related events across the globe is forecast to propel the development of smart stadium market over the ensuing years,” says the author of this study. Apart from this, current digital transformation witnessed in the hoisting of sports activities is likely to influence smart stadium market evolution. In addition, necessity for improving customer relationship management along with need for attracting visitors and viewers through special offers will further impact the growth of smart stadium business over the upcoming years.

Mounting investment costs coupled with conventional infrastructure facility of the sports stadiums, however, is projected to inhibit the progress of smart stadium market in the years ahead.

Browse the full "Smart Stadium Market by Software (Stadium & Public Security, Building Automation, Event Management, Network Management, Digital Content Management,and Crowd Management), Service (Consulting, Deployment, and Support) and Region - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023" report at   https://www.zionmarketresearch.com/report/smart-stadium-market

Mounting Presence Of Smart Sponsors To Boost Europe’s Regional Dominance

Regionally, Europe has been leading the worldwide smart stadium market and is anticipated to continue on the dominant position in the years to come, states the smart stadium market study. Humungous demand for smart stadiums along with huge presence of sports sponsors   witnessed across the region is the key factor behind the dominance of the Europe smart stadium market. The high number of market players being headquartered in Europe is another significant factor that is supporting the growth of this regional smart stadium market.

The global smart stadium market is segmented as follows:

By Software

• Digital Content Management
• Stadium & Public Security
• Building Automation
• Network Management
• Event Management
• Crowd Management

 By Service

• Consulting
• Deployment
• Support

By Deployment

• On-Premises
• On-Cloud

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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