Increased focus on fan engagement and ongoing efforts to enhance their experience among the sports arenas, initiatives for energy-efficient buildings, and government regulations of public safety & security in stadium majorly drive the growth of the global smart stadium market size.
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The global smart stadium industry was led by the public safety and security segment in 2017, and is projected to maintain its dominance during the forecast period. However, the building automation management segment is expected to witness the highest growth rate.
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According to smart stadium market analysis, the on-premise based smart stadium solutions dominated the global market in 2017, as on premise solutions provide better and flexible maintenance of servers and continuous system. Furthermore, cloud-based segment is expected to grow at the highest CAGR during the forecast period, due to surge in demand for cloud-based analytics solutions and large storage solutions which can store terabytes of data, such as enormous 4K video files and many more which make it a major smart stadium market opportunity.
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In 2017, the global smart stadium market was dominated by Europe, and is expected to maintain this trend during the forecast period. However, the Asia-Pacific segment is expected to witness the highest growth, owing to rise in sports league culture and increase ICT spending in sports infrastructure among developing countries in the region.
The global smart stadium market include some of the key market players such as Cisco Systems, Inc., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, NEC Corporation, Johnson Controls International plc, GP Smart Stadium, Ericsson, NXP Semiconductors N.V., and Schneider Electric SE.
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Key Findings Of The Study
- By deployment type, the cloud-based segment is expected to exhibit significant growth in the global market during the forecast period.
- In 2017, Europe accounted for the highest smart stadium market share among other regions.
- Based on application, the public safety and security segment generated the highest revenue in 2017.
- By region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.
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