Market Size of Smart Stadium Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 21.53 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Smart Stadium Market Analysis
The smart stadium market was valued at USD 6.8 billion in 2020 and is expected to register a CAGR of 21.53% during the forecast period (2021 - 2026) to reach USD 18.23 billion by 2025. The trend of stadiums getting completely digital will drive the smart stadium market.
- Fans who visit the stadiums are expecting a more intuitive experience and the host countries are also looking for new ways to increase the return on investment (ROI) on their complex. Therefore, stadiums and arenas are now not only a house for athletic prowess, competition, and large audiences; they are a vehicle for showcasing technological advancements.
- Consumers with technological advancements prefer updates and stats on their mobile devices, leading stadiums to find newer ways to monetize, fill the stadium, and compel the fans to increase expenditure. They can watch the video from the cloud itself from the stadium, and can also broadcast the arena directly to social media.
- With the growing number of sports events happening around the world, people tend to watch the game live, then watch it on TV which is driving the smart stadium market.
- The major challenge for the smart stadium market would be the high initial investment to upgrade and the uncertainty in return of investments.
