The global smart stadium market is expected to register high growth in the coming future. Major factors owing to growth of the market are increased focus on attracting home viewers, government initiatives for smart building projects and demand for better customer engagement and experience are other factors fuelling the growth of the market.
The global smart stadium market is segmented on the basis of solutions, and region.
On the basis of solution, the global smart stadium market is segmented into software and services. The software segment is further segmented into network management, stadium & public safety, digital content management, building automation, event management and crowd management. The network management software sub-segment is expected to dominate with high market share in the software segment. Whereas, the building automation sub-segment is expected to register highest rate during the forecast period.
The service segment is further segmented into consulting, deployment & integration and support & maintenance. The support and maintenance service sub-segment is expected to register highest CAGR during the forecast period. Whereas, the deployment and integration service sub-segment is expected to dominate with largest market size during the forecast period.
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On the basis of region, the global smart stadium market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The Europe market is expected to dominate the global smart stadium market with the highest market share owing to presence of large number of stadiums. It also has the highest number of professional sports leagues and teams in this region. Europe market is expected to followed by North America market in the smart stadium market owing to increasing interest of the consumers in sports and entertainment.
Key players in the market are IBM Corporation, Tech Mahindra Ltd., Fujitsu Ltd., NTT Group, NEC Corporation, Cisco Systems, Huawei Technologies Co., Ltd., Intel Corporation, Johnson Controls International plc and Telefonaktiebolaget L. M. Ericsson.