Cisco (US) and NEC (Japan) are leading players in Smart Stadium Market
The Smart stadium market size is projected to grow from USD 14.3 billion in 2023 to USD 34.5 billion in 2028 at a Compound Annual Growth Rate (CAGR) of 19.2% during the forecast period. Technological advancements in the areas of the Internet of Things (IoT), cloud computing, artificial intelligence (AI), and data analytics will drive the smart stadium market.
Major Smart stadium vendors include IBM (US), Ericsson (Sweden), Intel (US), NTT (US), Tech Mahindra (India), Johnson Controls (US), Siemens (Germany), Honeywell (US), Cisco (US), NEC (Japan), Huawei (China), Schneider Electric (France), NXP Semiconductors (Netherlands), Atos (France), Verizon (US), AT&T (US), Vodafone (UK), T-Mobile (US), Telefonica (Spain), VIX Technology (Australia), Hawk Eye (UK), UCOPIA (France), AllGoVision (India), AiFi (US),Pixellot (Israel), Locbee (Hungary), Dignia (Israel), GP Smart Stadium (Netherlands). These market players have adopted various growth strategies, such as partnerships, collaborations, new product launches, and enhancements, to expand their presence in the Smart stadium market.
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Cisco is a technology company that offers various products and services related to networking, security, collaboration, and the Internet of Things (IoT). Cisco provides a range of networking products like routers, switches, wireless access points, and network management software. In terms of security, Cisco offers firewalls, intrusion prevention systems, and endpoint security solutions. The company also provides video conferencing, messaging, and contact center solutions as part of its collaboration products and services. Cisco has industrial networking, data analytics, and edge computing solutions for IoT. Additionally, Cisco offers consulting, implementation, technical support, and managed services to ensure efficient and secure network functioning. Cisco caters to organizations of all sizes and industries, including telecommunications, finance, healthcare, education, and government. They have a strong presence in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
NEC Corporation is a multinational technology company based in Japan that offers a variety of IT, telecommunication, and public safety solutions. Their IT services include system integration, consulting, cloud computing, data analytics, cybersecurity, and artificial intelligence. In addition, they provide telecommunication solutions such as mobile networks, wireless communication systems, submarine cables, and network infrastructure. For public safety, NEC offers biometrics, facial recognition, video surveillance, and disaster management systems to help government agencies and organizations ensure public safety, enhance security measures, and effectively manage emergencies. NEC also manufactures and sells electronic devices like semiconductors, displays, sensors, and other components in consumer electronics, automotive, industrial machinery, and healthcare. With a strong presence across North America, Europe, Asia Pacific, Middle East and Africa, and Latin America in more than 50 countries, NEC has provided IT solutions and infrastructure for stadium in Brazil, including Arena das Dunas, which hosted matches for the 2014 Football World Cup.
Related Reports:
Smart Stadium Market by Solution (Digital Content Management, Stadium & Public Security, Building Automation, Event Management, Network Management, Crowd Management), Service (Consulting, Deployment & Integration), and Region - Global Forecast to 2028
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