According to a new market research report "Smart Stadium Market by Software (Digital ContentManagement, Integrated Security System, Building Automation System, EventManagement System, Network Management, Crowd Management), Service, Platform,Deployment Model - Global Forecast to 2021", published byMarketsandMarkets, the market size is expected to grow from USD 4.62 Billion in 2016 to USD 17.32 Billion by 2021, at a Compound Annual GrowthRate (CAGR) of 30.2% during the period 2016-2021.

Browse 96 market data Tables and 54 Figures spreadthrough 169 Pages and in-depth TOC on "SmartStadium Market"

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The major drivers for the rise in demand for smartstadiums include increased frequencies of upcoming national and internationalsport events across the globe, increasing adoption of Internet of Things (IoT),need for modernization of network and telecom infrastructure, and reduction inOperational Expense (OpEx).

"Professional services segment is estimated todominate the SmartStadium Market shareduring the forecast period."

The professional services segment is estimated to holdthe largest market share in the Smart Stadium Market. The organizations' focuson offering specialized services to achieve greater customer experience andattaining operation efficiency at a reduced cost and time are the factorsdriving the demand for smart stadium services across the globe. The SmartStadium Market is growing at an exponential rate since most of the players arefocusing on providing specialized services for the Smart Stadium Market.Rapidly growing demand for cloud services, data center services, networkservices, and its reliable and efficient integration are some of the otherdrivers impacting the services market.

"On-demand deployment model is expected to grow atthe highest CAGR during the forecast period."

The on-demand deployment model is witnessing a potentialgrowth in comparison to the on-premises deployment model owing to the benefitsit offers, such as reduced operational cost & improved efficiency, highsecurity & low maintenance, physical location independence, easyinstallation, and much more.

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The major players in this Smart Stadium Market are Huawei Technologies Co. Ltd. (China), Intel Corp. (U.S.), NEC Corp. (Japan), Cisco Systems, Inc. (U.S.), InternationalBusiness Machines Corporation (U.S.), Fujitsu (Japan),Johnson Controls (U.S.), Tech Mahindra Ltd. (India),Volteo (U.S.), and GP Smart Stadium (the Netherlands).

"Europe is the leading region in terms ofmarket share in the Smart Stadium Market"

Europe is expected to hold the largest market share and dominatethe Smart Stadium Market in 2016. The governments in this region haveundertaken many smart commitments. The European Technology Platform on SmartSystems (EPoSS) Integration defines the Research and Development (R&D),innovation needs, and policy requirements related to Smart Systems Integrationand integrated Micro and Nano systems. The Europe 2020targets include investment of 3% of the European Union's GDP in R&D. TheStrategic Energy Technology Plan (SET-Plan) aims to reduce the cost and improveperformances of low carbon technologies. All this has pushed the Smart StadiumMarket toward the growth phase.

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