Press Release

Europe Smart Stadium Market to Grow at Double Digit CAGR till 2024

Increasing adoption of IoT technologies for efficient management of stadium infrastructure to drive Europe smart stadium market through 2024

According to TechSci Research report, Europe Smart Stadium Market By Software, By Service, By Country, Competition, Forecast & Opportunities, 2024, Europe smart stadium market is expected to exhibit a double digit CAGR during 2019-2024, on account of increasing demand for entertainment and sports, boosting number of viewers in the stadium. Smart stadium offers enhanced experience to the spectators with benefits such as seat upgrades, directions so as to navigate faster through crowded stadium and special offers. Use of Internet of Things (IoT) would help stadium owners to digitally transform stadiums while improving fan experience.  

Smart stadium market in Europe can be segmented based on software, service and country. In terms of software, the market can be segmented into stadium & public security, building automation, event management, digital content management and others. Building automation segment is anticipated to grow at the highest rate during forecast period, as several stadium operators are adopting building automation, so as to improve space utilization, enhance operational and cost efficiencies and building automation. On the basis of service, the market can be segmented into support & maintenance, deployment & integration and consulting. Of these categories, support & integration segment is expected to register fastest growth rate in coming years, as it helps to ensure 24/7 troubleshooting assistance, emergency response management and software upgrades.

Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on "Europe Smart Stadium Market"

Major players operating in Europe smart stadium market are Hawk-Eye Innovations Ltd., Intechnology Plc., GP Smart Stadium, Huawei Technology Co. Ltd, NTT Communications Corporation, NXP Semiconductors N.V., Schneider Electric SE, Johnson Controls International plc, Fujitsu Ltd. and Honeywell International Inc. Companies operating in the market are adopting organic and inorganic strategies such as product launch, investments & expansions and agreements & contracts to ensure growth in the market.

Number of professional sports leagues is the highest in Europe. Moreover, region is the home to 1,235 stadiums, which is the highest, globally, thus Europe smart stadium market would register significant growth during the forecast period. Additionally, the region has strict public safety regulations forcing regulatory bodies to improve the safety and security of the stadium, which in turn would have a positive impact on the market over course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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Europe Smart Stadium Market By Software, By Service, By Country, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of Europe smart stadium market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Europe smart stadium market.

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