According to a new market research report "Smart Stadium Market by Software (Digital Content Management, Stadium & Public Security, Building Automation, Event Management, Network Management, and Crowd Management), Service (Consulting, Deployment, and Support), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the smart stadium market size estimated to grow from USD 4.60 Billion in 2018 and expected to reach USD 12.50 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22.1% during the forecast period. The major factors driving the growth of the smart stadium market include the upcoming national and internatonal sporting events, stringent security regulations by sports governing bodies, and increasing adoption of IoT technologies for efficient management of stadium infrastructure.