Artificial Intelligence In Stadium Market
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What Is the Expected CAGR for the Artificial Intelligence In Stadium Market Through 2025?
The market size for artificial intelligence in stadiums has experienced significant expansion in the recent past. Predictions indicate a rise from $3.28 billion in 2024 to $5.07 billion in 2025, presenting a compound annual growth rate (CAGR) of 54.6%. This growth during the aforementioned period is thanks to factors such as improved fan engagement, security and surveillance enhancements, boosted operational efficiency, implementation of data analytics in sports, adoption of technology within sports venues and reduced costs.
What’s the Projected Size of the Global Artificial Intelligence In Stadium Market by 2029?
In the coming years, the market size of artificial intelligence in stadiums is anticipated to experience a significant surge, increasing to $26.63 billion by 2029 at a compound annual growth rate of 51.4%. This growth during the projected timeframe is mainly attributable to elements such as advanced stadium infrastructure, measures ensuring health and safety, initiatives towards energy efficiency, improved in-stadium services, innovative seating arrangements, integration with social media, and voice-controlled stadium facilities. The forecast period will witness major trends such as innovative ticketing systems, advancements in 5G connectivity, incorporation of augmented reality (AR) and virtual reality (VR), ai-enabled ecological procedures, and fan support through robotics.
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Top Growth Drivers in the Artificial Intelligence In Stadium Industry: What’s Accelerating the Market?
The rise in participant numbers in sports events is anticipated to fuel the expansion of the artificial intelligence in the stadium market in the future. Sports events are defined as organized contests or meetings where players or teams vie against each other across various sporting disciplines. AI technologies and systems are utilized in stadiums to heighten performance analysis, refine the fan experience, aid referees, offer predictive analytics, and streamline stadium functions. An example to highlight this trend is in October 2023, where Two Circles Ltd. (GB), a non-profit online news service based in the UK and registered in Massachusetts, reported that 80.2 million fans bought tickets to attend professional sports events in the UK in 2023. This surpassed the previous record of 76.2 million in 2022. Consequently, the surge in participant numbers in sports events is promoting the expansion of artificial intelligence in the stadium market.
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What Trends Will Shape the Artificial Intelligence In Stadium Market Through 2029 and Beyond?
Technological advancements are a significant emerging trend in the artificial intelligence in the stadium market. To maintain their market position, leading companies in this field are embracing new cutting-edge technologies. For example, SoFi Stadium, an American sports and entertainment venue, along with YouTube Theater, another American indoor entertainment venue, rolled out an AI-based security screening system by Evolv Technology in November 2022. A company based in the US, Evolv Technology, offers superior security screening solutions leveraging artificial intelligence (AI) and machine learning technologies. The newly launched AI-backed security screening is intended to enhance safety at event entrances and optimize threat detection. Evolv’s Express technology, utilized at SoFi Stadium and YouTube Theatre, enables the detection of danger with unrivaled volume and speed, merging advanced sensor technology with AI. Consequently, fans can avoid lengthy lines, proceed directly to each venue’s entrances, and pass by the sensors without the need to halt continually.
What Are the Main Segments in the Artificial Intelligence In Stadium Market?
The artificial intelligence in stadium market covered in this report is segmented –
1) By Product: Digital Content Management, Stadium And Public Security, Building Automation, Event Management, Network Management And Crowd Management
2) By Component: Software, Service
3) By Application: Government, School, Other Applications
Subsegments:
1) By Digital Content Management: Content Creation And Editing, Content Distribution And Publishing, Audience Engagement Tools, Analytics And Reporting
2) By Stadium And Public Security: Video Surveillance Systems, Access Control Systems, Threat Detection And Analysis, Incident Management Solutions
3) By Building Automation: HVAC Control Systems, Lighting Control Systems, Energy Management Solutions, Maintenance And Operations Management
4) By Event Management: Ticketing Systems, Attendee Engagement Tools, Scheduling And Logistics Management, Feedback And Survey Management
5) By Network Management And Crowd Management: Network Performance Monitoring, Cybersecurity Solutions, Bandwidth Management, Infrastructure Management, Crowd Monitoring And Analysis, Flow Management Solutions, Emergency Response Planning, Real-Time Communication Tools
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Which Top Companies are Driving Growth in the Artificial Intelligence In Stadium Market?
Major companies operating in the artificial intelligence in stadium market include Allgovision Technologies, Cisco Systems, Dignia Systems, Ericsson AB, Fujitsu, Gp Smart Stadium, Hawk-Eye, Huawei Enterprise, IBM Corporation, Intel Corporation, Tech Mahindra, NTT Data Corporation, Axis Communications AB, Bosch Security Systems, Verint Systems Inc., Evolv Technology, Juniper Networks, Microsoft Corporation, Siemens AG, Inspur Technologies Co Ltd., Alphabet Inc., SAS Institute Inc., Oracle Corporation, Amazon Web Services (AWS), Dell Technologies, accenture* PLC, ZTE Corporation, NEC Corporation
Which Regions Will Dominate the Artificial Intelligence In Stadium Market Through 2029?
North America was the largest region in the artificial intelligence in stadium market in 2024. The regions covered in the artificial intelligence in stadium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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