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Smart Stadium Market Share

Report ID: GMI10340
Published Date: Jul 2024
Report Format: PDF

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Smart Stadium Market Share

IBM Corporation and Cisco Systems, Inc. hold a significant share of over 15%. The smart stadium industry is fiercely contested, with major tech firms like IBM, Cisco, Intel, and Huawei leading the way. They offer IoT integration, artificial intelligence, and robust connectivity solutions, enhancing fan experiences, optimizing operational efficiencies, and ensuring stringent security measures. Their global reach and expertise cater to diverse stadium operators' needs.

Smart stadium solutions are being developed by specialized companies like Ericsson, Schneider Electric, and Siemens. Ericsson focuses on 5G connectivity, while Schneider Electric and Siemens focus on energy management and building automation systems. The industry is also enriched by startups and niche players offering AI-driven video analytics and wireless network solutions. As demand for smart stadium solutions grows, competition intensifies, driving innovation and strategic partnerships across the industry.

Smart Stadium Market Companies

Major players operating in the smart stadium industry are:

Cisco Systems, Inc.
IBM Corporation
Intel Corporation
Huawei Technologies Co., Ltd.
NEC Corporation
Johnson Controls International plc
Honeywell International Inc.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of smart stadium reached USD 15.47 billion in 2023 and is set to register a CAGR of over 19.5% over 2024-2032, backed by the investments by the governments, sports organizations, and private investors in upgrading existing stadiums and constructing new ones with integrated smart technologies.

The on-premises segment accounted for the largest market share with over 55% in 2023, due to its ability to provide stadiums with greater control over their IT infrastructure and data management systems, as well as addressing security and compliance concerns.

North America market accounted for a revenue share of over 33% in 2023, owing to the strong sports culture, significant investments by major league teams and stadium operators, and the high disposable income of fans.

Cisco Systems, Inc., IBM Corporation, Intel Corporation, Huawei Technologies Co., Ltd., NEC Corporation, Johnson Controls International plc, and Honeywell International Inc. among others.