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
CAGR of over 20% 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.
Browse 7 market data Tables and 37 Figures spread through 80 Pages and an
in-depth TOC on "Europe Smart Stadium Market"
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can also request for 10% free customization on this report.
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. Digital content management is
anticipated to grow at the highest growth rate as the component would help the
stadium owners and the management in proper and efficient management of digital
equipment, bringing efficiency in customer satisfaction and crowd management
simultaneously. Building
automation segment is also likely to grow at a significant rate, as several stadium
operators are adopting building automation, so as to improve space utilization,
enhance operational and cost efficiency. On
the basis of service, the market can be segmented into support &
maintenance, deployment & integration and consulting. Of these categories,
support & maintenance 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.
Major players operating in Europe smart stadium market are Huawei Technology
Co. Ltd, NXP Semiconductors N.V., Johnson Controls International plc , NTT
Communications Corporation, Honeywell International Inc, Hawk-Eye Innovations
Ltd., Intechnology Plc., GP Smart Stadium, Schneider Electric SE, among others.
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
“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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