Future Forecast in Smart Stadium Market 2016-2021

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MarketsandMarkets Presents
Smart Stadium Market Worth 17.32 Billion USD by
2021 http//www.marketsandmarkets.com/Market-Repo
rts/smart-stadium-market-137092340.html  

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According to a new market research report "Smart
Stadium Market by Software (Digital Content
Management, Integrated Security System, Building
Automation System, Event Management System,
Network Management, Crowd Management), Service,
Platform, Deployment Model - Global Forecast to
2021", published by MarketsandMarkets, 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 Growth Rate (CAGR) of 30.2 during the
period 2016-2021.     Browse gtgt
96 Data Tables 54 Figures 169 Pages
and in-depth TOC on Smart Stadium
Market http//www.marketsandmarkets.com/Market-
Reports/smart-stadium-market-137092340.html   Ear
ly buyers will receive 10 customization on this
report.
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The major drivers for the rise in demand for
smart stadiums include increased frequencies of
upcoming national and international sport events
across the globe, increasing adoption of Internet
of Things (IoT), need for modernization of
network and telecom infrastructure, and reduction
in Operational Expense  "Professional services
segment is estimated to dominate the Smart
Stadium Market share during the forecast
period."  The professional services segment is
estimated to hold the largest market share in the
Smart Stadium Market. The organizations' focus on
offering specialized services to achieve greater
customer experience and attaining operation
efficiency at a reduced cost and time are the
factors driving the demand for smart stadium
services across the globe  "On-demand deployment
model is expected to grow at the highest CAGR
during the forecast period."  The on-demand
deployment model is witnessing a potential growth
in comparison to the on-premises deployment model
owing to the benefits it offers, such as reduced
operational cost improved efficiency, high
security low maintenance, physical location
independence, easy installation, and much more.
http//www.marketsandmarkets.com/Market-Reports/sm
art-stadium-market-137092340.html  
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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.), International Business
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 of market share in the Smart Stadium
Market"  Europe is expected to hold the largest
market share and dominate the Smart Stadium
Market in 2016. The governments in this region
have undertaken many smart commitments. The
European Technology Platform on Smart Systems
(EPoSS) Integration defines the Research and
Development (RD), innovation needs, and policy
requirements related to Smart Systems Integration
and integrated Micro and Nano systems.
The Europe 2020 targets include investment of 3
of the European Union's GDP in RD. The Strategic
Energy Technology Plan (SET-Plan) aims to reduce
the cost and improve performances of low carbon
technologies. All this has pushed the Smart
Stadium Market toward the growth phase.  
http//www.marketsandmarkets.com/Market-Reports/sm
art-stadium-market-137092340.html  
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