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INSIGHTS

Stadiums become more intelligent with new technology

Stadiums become more intelligent with new technology
Although no technology can predict or prevent an outside attack from happening, stadiums can now use new technologies alongside traditional ones to maximize their efficiency when responding to such events.
The Internet of Things (IoT) has been a catalyst for new technologies. In fact, increasing adoption of the IoT is one of the major drivers for smart stadium growth globally. According to a report by MarketsandMarkets, the global smart stadium market is expected to increase from US$4.6 billion in 2016 to $17.3 billion by 2021, at a CAGR of 30.2 percent during the forecast period. Regionally, Europe is leading the smart stadium market in terms of market share.

Growth in the smart stadium market is being attributed to factors such as a rising focus on enhancing fan engagement and offering an unforgettable customer experience, the report stated. In order to reach such goals, however, there is a need for smart technologi...


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