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"
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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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