Press release
AI in Stadiums: Enhancing Fan Experiences and Operations
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=12688&type=smp
According to The Business Research Company's, The artificial intelligence in stadium market size has grown exponentially in recent years. It will grow from $2.14 billion in 2023 to $3.33 billion in 2024 at a compound annual growth rate (CAGR) of 56.0%. The growth in the historic period can be attributed to fan engagement enhancement, security and surveillance, operational efficiency, data analytics in sports, technology adoption in sports venues, cost reduction.
The artificial intelligence in stadium market size is expected to see exponential growth in the next few years. It will grow to $17.61 billion in 2028 at a compound annual growth rate (CAGR) of 51.6%. The growth in the forecast period can be attributed to smart stadium infrastructure, health and safety measures, energy efficiency initiatives, enhanced in-stadium services, smart seating arrangements, social media integration, voice-activated stadium controls. Major trends in the forecast period include ticketing innovations, advancements in 5g connectivity, integration with augmented reality (ar) and virtual reality (vr), ai-powered sustainability practices, robotics for fan assistance.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-in-stadium-global-market-report
Market Drivers and Trends:
The increase in the number of participants in sporting events is expected to propel the growth of artificial intelligence in the stadium market going forward. Sports events refer to organized competitions or gatherings where athletes or teams compete against each other in various sports disciplines. The application of artificial intelligence in stadiums implements AI technologies and systems to enhance performance analysis, improve the fan experience, assist referees, enable predictive analytics, and optimize stadium operations. For instance, in May 2022, according to Tourism Economics, a Philadelphia-based information services organization, there were 96 million travelers attending sporting events in the United States 2020. That number increased to 175 million travelers in 2021. Further, in February 2023, according to the Sports & Fitness Industry Association (SFIA), a US-based promoter of sports and fitness participation, around 77.6% of all Americans, or 236.9 million people, participated in at least one activity in 2022 across 124 different sports, fitness, and outdoor pursuits. Therefore, the increase in the number of participants in sporting events is driving the growth of artificial intelligence in the stadium market.
Advancements in technology are a key trend gaining popularity in artificial intelligence in the stadium market. Major companies operating in artificial intelligence in the stadium market are adopting new technological advancements to sustain their position in the market. For instance, in November 2022, SoFi Stadium, a US-based sports and entertainment venue, and YouTube Theater, a US-based indoor entertainment venue, launched AI-Based security screening by Evolv Technology. Evolv Technology is a US-based company that provides advanced security screening solutions using artificial intelligence (AI) and machine learning technologies. This new AI-based security screening is launched to make the entrances to the events safer and more effective in detecting threats. Evolv's Express technology is used in SoFi Stadium and YouTube Theatre to enable danger detection at an unprecedented volume and speed. It combines sophisticated sensor technology with AI. Fans can bypass long queues, go straight through each venue's entrances, and pass past the sensors without always stopping.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Inspur Technologies Co Ltd., Alphabet Inc., Microsoft Corporation, Siemens AG, General Electric Company, Intel Corporation, IBM Corporation, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., Fujitsu Ltd., Nvidia Corporation, Ericsson Ab, Johnson Controls International plc, Tyco International Ltd., NEC Corporation, Huawei Enterprise Business Group, Centurylink Inc., Telefonaktiebolaget LM Ericsson, Dahua Technology Co. Ltd., NTT Data Corporation, Axis Communications AB, Bosch Security Systems, Verint Systems Inc., Avigilon Corporation, Byrom Plc, Pelco Inc., Genetec Inc., Hawk-Eye Innovations Ltd., Hanwha Techwin Co. Ltd., Dignia Systems Ltd.
Artificial Intelligence In Stadium Market 2024 Key Insights:
• The artificial intelligence in stadium market size is expected to see exponential growth in the next few years. It will grow to $17.61 billion in 2028 at a compound annual growth rate (CAGR) of 51.6%.
• AI Revolutionizing Stadium Experiences Enhancing Fan Engagement And Operations
• Transforming Stadium Security Ai-Powered Advancements For Safer And Efficient Event Experiences
• North America was the largest region in the artificial intelligence in stadium market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=12688&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release AI in Stadiums: Enhancing Fan Experiences and Operations here
News-ID: 3762497 • Views: …
More Releases from The Business Research Company
Global High-Resolution Anoscopy Market Outlook 2025-2034: Trends, Innovations, A …
The High-Resolution Anoscopy Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the High-Resolution Anoscopy Market Size and Projected Growth Rate?
The market size for high-resolution anoscopy has experienced significant growth over the past few years. The market is predicted to increase from $15.03 billion…
Condyloma Acuminata Treatment Market Size Projected To Reach $2.2 Billion By 203 …
"The Condyloma Acuminata Treatment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Condyloma Acuminata Treatment Market Size During the Forecast Period?
In the past few years, the condyloma acuminata treatment market has seen significant growth. The market value, which is anticipated to…
Household Type Fans Market Forecast 2025-2034: Comprehensive Analysis And Growth …
"The Household Type Fans Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Household Type Fans Market?
The market size for household fans has seen consistent expansion in recent years. The projections indicate an increase from $32.22 billion in 2024…
Grain Fumigants Industry Report 2025-2034: Market Dynamics, Trends, And Forecast …
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Grain Fumigants Market Size During the Forecast Period?
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This…
More Releases for Stadium
Global Smart Stadium Solution Market Size by Application, Type, and Geography: F …
According to Market Research Intellect, the global Smart Stadium Solution market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The Smart Stadium Solution market is witnessing robust growth, fueled by the increasing demand for enhanced fan…
Smart Stadium Market Enhancing the Sports Fan Experience 2023 to 2030 | Cisco Sy …
The Smart Stadium Market has witnessed substantial growth in recent years, driven by the increasing demand for enhanced fan experiences, improved safety and security measures, and the adoption of cutting-edge technologies. Smart stadiums integrate various digital solutions such as IoT sensors, Wi-Fi connectivity, mobile apps, and data analytics to enhance fan engagement, optimize stadium operations, and provide valuable insights to stadium owners and operators. The market has gained momentum due…
Stadium security Market - Fears of Terrorism Looming Over Public Events Necessit …
The security of the stadiums is of paramount importance in the times of major events such as sports events, concerts, and other such public gathering events taking place in the stadiums. Handling a huge crowd of people is not an easy task as crowd outbursts, misbehavior by some of the spectators, and crimes are a common sight. Also, there is high risk of terrorist attacks at the venue, as there…
Stadium Buildings
From ancient stadium construction to a design object of the twenty-first century, sports arenas have long been turned into places hosting a global media spectacle. For a few hours or days, colossuses made of steel and concrete transform into colourful festival locations. These spectacular creations make headlines every couple of years in the run-up to the World Cup and the Olympics.
With the volume Stadium Buildings from the Construction and Design…
CroppMetcalfe Secures Stadium Naming Rights
CROPPMETCALFE SECURES STADIUM NAMING RIGHTS
A Three-Year Partnership with Evergreen Sports Complex Benefits Youth Sports in Loudoun
LEESBURG, VA – Leadership development. Good sportsmanship. Athletic improvement. Each has a significant place in the overall experience and purpose in youth sports. Evergreen Sports Complex and its respective athletic teams, adventure courses, and athletic camps, takes the development of the overall athlete very seriously. Evergreen has four FIFA® Certified athletic fields and partnered with…
Jeddah stadium to lead the technology in football stadium in Saudi Arabia
On Thursday, September 24th, Jeddah’s Prince Abdullah Al-Faisal Stadium will not only host a routine football match in the Saudi Zain league, but it will go into history as the first stadium in the Kingdom of Saudi Arabia to pave the way for the future. Jeddah’s stadium was chosen to be the first within the league for state-of-the-art features which are planned to be enrolled out this season.
Although there was…
