Smart Stadium Market

5/18/2017 Smart Stadium Market Worth 17.32 Billion USD by 2021 /PR Newswire India/
PUNE, India, November 30, 2016 /PRNewswire/ ­­
According to a new market research report "Smart Stadium Marketby 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 2016­2021.
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Browse 96 market data Tables and 54 Figures spread through 169 Pages and in­depth TOC on "Smart
Stadium Market"
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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 theSmart Stadium Marketshare 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.
"On­demand deployment model is expected to grow at the highest CAGR during the forecast
period."
The on­demand deployment model is witnessing a potential growth in comparison to the on­premises
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 stadium owners/investors are opting for this model keeping in mind the long term benefits
and achieving a competitive advantage in terms of technological advancements.
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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
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5/18/2017 Smart Stadium Market Worth 17.32 Billion USD by 2021 /PR Newswire India/
(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 (SET­Plan) 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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