Smart stadiums market driven by rapid growth in IoT
Sheetal2322 Jul, 2024Technology
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 according to the latest data coming from researchers at Marketsandmarkets. This growth is primarily driven by rapid advancements in IoT, data analytics, cloud computing, and mobile applications. Also, analysts found that the need to optimise venue operations, crowd management, and security, leading to better resource utilisation and cost savings for stadium management will drive the market.
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