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Smart Stadium Market Growth & Trends 2019-2025 | Industry Report

Smart Stadium Market Analysis Report By Component, By Deployment Type, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17620083  |  Published: September 2020  |  No of Pages: 200
Format: Electronic (PDF)  |  Industry: Technology  |  Publisher: Grand View Research

Industry Insights

The global smart stadium market size was accounted for USD 5.62 billion in 2018. It is projected to grow at a CAGR of 20.9% over the forecast period, 2019 to 2025.  Growing number of sports events and leagues along with technological advancement especially in emerging countries is projected to create huge opportunities for market growth. Smart stadiums solution help to improve fans and players experience. 

Smart stadiums include parking solutions, digital signs, sensors and surveillance solutions using wired & wireless networks. These solutions provide benefits like real-time information with parking availability which enhances fans experience. Renovation of stadiums offer improved safety & security and operational efficiency.

U.S. smart stadium market

In addition, the increasing trend of connected devices and IoT solutions are boosting the stadium infrastructure, which is projected to spur market growth. Moreover, supportive government policies regarding developing new stadiums are also increasing the adoption of smart technologies. For example, UEFA has partnered with the UEFA stadium & security committee for safety & security regulations. However, growing terrorism and fire attacks have raised concerns regarding the security of fans & players. These factors are estimated to bolster the need for smart stadium solutions. 

Stadium owners focus on engaging with fans through mobile applications. This includes online merchandising, live streaming, and food ordering. In addition, stadiums provide fast speed internet service to its fans through digital signage. For example, Wanda metropolitan stadium in Europe offer over 1,500 Wi-Fi points and fans can get information about parking space and their seat status. 

Sports government authorities have set strict policies regarding building smart stadiums. This increases construction cost required for stadium.  Thus, high investment cost may restrain the market growth. 

Component Insights

In 2018, software component segment contributed to the highest smart stadium market share of over 61.6% in the overall market. Growing trend of digital transformation, online merchandising is expected to support the market growth. Smart stadium integrates ticket management, parking management and seat up-gradation. This includes Wi-Fi networks, smart security systems, lighting systems, and merchandise purchasing. The European market is expected to hold substantial market share owing to the presence of over 1,200 stadiums in the region.         

Stadium & public security type segment is projected to lead the market by 2025. Building automation type segment is anticipated to grow at a CAGR of around 21.4% during the forecasted period. Growing awareness for sustainable infrastructure is influencing stadium owners & investors to focus on building automation. 

Deployment Type Insights

In 2018, on-premise deployment segment accounted for largest market share of over 63.4% in the overall market. It is projected to register a CAGR of 20.6% from 2019 to 2025.  Smart stadiums are comprised of sensors, digital signs, cameras and wireless networks. These connected devices are deployed as on-premise with focus on developing software & hardware solutions.

Global smart stadium market

Cloud deployment segment is expected to grow at the highest CAGR of 21.4% during the forecasted period. Smart stadiums provide enhanced fans engagement with reduced stress on staff at stadium through mobile apps. This solution help to access live videos, and guiding fans to exit/entry gates and parking space direction. These solutions are enabled through cloud server system.

Regional Insights

In 2018, Europe led the smart stadium market with the highest share of over 31.2% in the overall market. It is projected to grow at a CAGR of around 20.7% during the forecasted period. In the region, stiff sports event regulations are expected to positively impact on market growth. Additionally, growing smart technologies development for greater viewing experience is projected to support market growth.

Asia Pacific is estimated to expand at a CAGR of over 23.7% from 2019 to 2025. It is projected to account for USD 6.31 billion by the end of 2025. Several sports organizations such as the Indian Premier League (IPL), Melbourne Cricket Association, New Zealand Cricket, and others utilize smart technology solutions in hosting tournaments. Moreover, the renovation of the sports stadium in countries like Australia, Singapore, China, India and Japan is projected to foster market growth in the region.

Impact of COVID-19

COVID-19 outbreak has negatively impacted the sports & entertainment industry.  Several sports events have been cancelled or postponed due to safety measures. Sports & entertainment industry thrives on smart technologies including smart stadium and digital signage.

However, the market is projected to grow at substantial rate over the forecast period. Various smart technologies such as growing usage of digital signage, venue-specific apps for tickets and accessing real-time information. During the coronavirus pandemic, the more focus will be on sanitization, cashless interactions and hygiene through touch-free. The market is expected to offer growth opportunities through facial recognition, disinfectant machines and fever detection via thermal cameras.

Smart Stadium Market Share Insights

Leading players in the market include, Apple, Inc.; Cisco Systems, Inc.; Tech Mahindra; Telefonaktiebolaget LM Ericsson; NXP Semiconductors; Fujitsu Ltd.; NEC Corporation; Fitbit, Inc.; IBM Corporation; Intel Corporation; and Johnson Controls.

The companies in the market focus on strategic collaborations & partnerships to expand their reach across the globe. For example, Vodafone Group have partnered with Intel Corporation for providing smart stadium solutions in FIFA world cup 2022, which is projected to be held in Qatar. Key players in the market invested on R&D activities to develop advanced & innovative products and to gain competitive edge over other players. 

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, South America, Europe, Asia Pacific, & Middle East & Africa

Country scope

U.S., Canada, Mexico, Brazil, Argentina, Germany, U.K., France, Italy, China, India, Japan, South Korea.

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global smart stadium market report on the basis of component, deployment type and region:

• Component Outlook (Revenue, USD Million, 2015 - 2025)
    • Software
        • Stadium & Public Security
        • Building Automation
        • Event Management
        • Others
    • Services

• Deployment Type Outlook (Revenue, USD Million, 2015 - 2025)
    • On-Premise
    • Cloud

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
        • Canada
        • Mexico
    • South America
        • Brazil
        • Argentina
        • Rest of South America
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
        • Rest of Europe
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Middle East & Africa (MEA)

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