Smart Stadiums MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Smart Stadiums Market.
The global smart stadium market is all set to scale a staggering valuation of USD 17 billion all the while charting a stellar, CAGR of 26% during the forecast period (2015-2022), claims Market Research Future (MRFR) in a holistic report on the same topic.
With the growing popularity of sports, meeting the demands of fans and the implementation of better crowd management technology have become imperative.FREE PDF@ Read on marketresearchfuture.comOne of the major features of such stadiums is the incorporation of the digitization process from which broadcasting, advertisement, sponsorship offerings and merchandising benefit the most.
A series of connected devices such as mobiles, laptops, sensors, motion tracking device, screen scanners, audio devices, HVAC devices, cameras and remote surveillance devices are required in order to have a sound operation.However, its implementation cost is staggering that is barring the investors from investing in such stadiums.
An overwhelming transformation of the existing traditional stadium requires a lot of cash which most of the investors are not finding lucrative enough.
Hence, this slackening speed can soon find a fissure to gain momentum.Industry Trend:The market has a lot of potential in drawing in the latest innovations to constantly upgrade the system.