Overview of the Market
The concept of connected infrastructure has emerged as a result of technological advancements. Every day, more things are becoming connected, and daily developments and demands have led to the creation of the concept of a connected stadium solution. In order to provide users with next-generation sports and entertainment experiences, stadiums are using connected stadium solutions.
The high cost of match tickets, high food prices, and long lines have enticed a large number of tech-savvy people to stay at home and watch the game, posing a challenge for stadium owners to deploy a solution that can connect everything in the stadium. The connected stadium solutions combine all forms of communication, entertainment, and operations to deliver an advanced sports and entertainment experience. The connected stadium solutions also include secure ticketing and point-of-sale (POS) infrastructure, as well as wireless connectivity to enable interaction with the public. These factors are propelling the connected stadium solutions market forward.
To attract more fans to the stadium, vendors in the market are focusing on developing solutions that can provide fans in the stadiums with the same comfort and experience as they have at home.
Users can peek into restroom lines, order food over the phone, connect to the stadium’s Wi-Fi, and use all of the facilities with the connected stadium solutions. Vendors are also concentrating on incorporating social media features into the connected stadium solutions suite, allowing users to easily share their experiences on social media.
Market Drivers and Restraints for Connected Stadium Solutions
Users can access a converged, scalable, and secure platform through the connected stadium solution. The connected stadium solution bridges the gap between home comfort and stadium comfort, allowing stadium owners to attract more fans to a game or event. Such factors are propelling the connected stadium solutions market forward.
Because it necessitates the setup of new network infrastructure, the cost of implementing a connected stadium solution infrastructure is extremely high. As a result, the market for connected stadium solutions is being stifled by the high initial investment required.
Overview of the Region
North America, Latin America, Western Europe, Eastern Europe, China, SEA and other APAC, Japan, and the Middle East and Africa make up the Connected Stadium Solution market by geography.
Because the majority of Connected Stadium Solution vendors are based in North America, such as Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, and Johnson Controls International plc., North America is expected to be a large market for the Connected Stadium Solution.
The adoption of advanced technology for enhanced connectivity and mobility in various smart infrastructure segments, including connected stadium solution, is characterised by the Connected Stadium Solution market in developing regions such as APEJ, Latin America, and parts of Africa. In the near future, rising disposable incomes in countries in the above-mentioned regions are likely to increase the scope of penetration of connected stadium solutions in these regions.
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