What is the current Smart Stadium Market size?

The Smart Stadium Market is projected to register a CAGR of 21.53% during the forecast period (2024-2029) Read More

Who are the key players in Smart Stadium Market?

IBM Corporation, Honeywell International Inc., Intel Corporation, Johnson Controls International PLC and Cisco Systems Inc. are the major companies operating in the Smart Stadium Market. Read More

Which is the fastest growing region in Smart Stadium Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Stadium Market?

In 2024, the Europe accounts for the largest market share in Smart Stadium Market. Read More

What years does this Smart Stadium Market cover?

The report covers the Smart Stadium Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Stadium Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Stadium Market Trends

Statistics for the 2023 & 2024 Smart Stadium market trends, created by Mordor Intelligence™ Industry Reports. Smart Stadium trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Smart Stadium Industry

This section covers the major market trends shaping the Smart Stadium Market according to our research experts:

Increasing Number of Sports Events Globally Drive the Smart Stadium Market Growth

The demand for sporting events has increased over the past few years and primarily being encouraged owing to the rising number of sponsorships and low ticket pricing. With the high capacity stadiums, large numbers of sports enthusiast go to watch the game live at the stadium.
Earlier, the tickets were kept limited to the host and neighboring countries. Since the demand for live sporting events is increasing, stadium sponsors are making cheaper travel arrangements and easing overseas fans to attend their favorite match at a compelling cost.
For instance, Germany is famous for its sports activities, more precisely for football, the Bundesliga League, and others for which the stadiums are usually jam-packed. This is encouraging and bringing a high entry of attendees to the stadium, which is likely to boost the market growth over the forecast period.

Industry Revenue of Sport Activities, in USD million, Germany, 2013 - 2023

Understand The Key Trends Shaping This Market

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Europe to Dominate the Smart Stadium Market

Europe holds the maximum share in the smart stadium market. Therefore, the countries in the region are investing in adopting IoT solutions to manage the crowd better and enable effective network and connectivity. Technology and sports are the perfect combination of successful development in the sports industry. These two elements are the reason why the full stadiums are being transformed into digitalization for better spectator experience of the match.
The Wanda Metropolitan Stadium of Club Atlético de Madrid is one the smartest stadiums in Europe. The whole stadium has 1500 wifi points, 6000 network outlets, and the spectators can know about the parking spaces as well as their seats from the mobile itself. They can use their smartphones and access to cloud and watch the live video of the match then and there itself on their phone only.
The European government has undertaken smart projects to convert more and more stadiums into smart stadiums. R&D, innovation, and policy requirements related to smart stadiums integration are taking place, which will drive the smart stadium market in the forecast period.