DUBLIN--(BUSINESS WIRE)--The "Smart Stadium Market by Software, Service, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global smart stadium market size is estimated to be USD 4.60 billion in 2018 and is expected to reach USD 12.50 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22.1% during the forecast period.
The major factors driving the growth of the smart stadium market include the upcoming national and international sporting events, stringent security regulations by sports governing bodies and increasing adoption of IoT technologies for efficient management of stadium infrastructure. However, high initial investment and longer wait for RoI are anticipated to limit the market growth in the coming years.
The building automation software is expected to grow at the highest rate during the forecast period. Most stadium operators are shifting to smart Building Automation and are seeking solutions for space utilization, operational and cost efficiencies, sustainability, and building maintenance. The adoption of smart building automation software is being driven by the increasing demand for energy-efficient, integrated, and secured stadiums. Facility management, parking management, and energy management system are the major components of building automation.
The deployment and integration service segment is expected to have the larger market size, it is mainly due to the demand for managing and integrating technology solutions from various vendors. This service aims to streamlining business applications by integrating various modules of the day-to-day operations. Stadium infrastructure has to integrate various technologies such as network management, building automations, digital content management, and others. With deployment and integration services, stadium achieve integration between enterprise applications, partners, people, and able to complement the project at the fast pace.
- GP Smart Stadium
- Intechnology Wifi
- Johnson Controls
- NTT Corporation
- NXP Semiconductors
- Schneider Electric
- Tech Mahindra
- VIX Technology
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Smart Stadium Market, By Software
7 Market By Service
8 Smart Stadium Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/vrs68s/global_smart?w=4