The Business Research Company’s Artificial Intelligence In Stadium Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Artificial Intelligence In Stadium Global Market Report 2023 evaluates artificial intelligence in stadium market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global market for artificial intelligence in stadiums is poised for significant expansion, with a projected growth from $1.37 billion in 2022 to $2.14 billion in 2023, demonstrating a remarkable compound annual growth rate (CAGR) of 56.1%. This promising trajectory, however, unfolds against the backdrop of complex global dynamics. The Russia-Ukraine conflict has introduced profound disruptions to the global economy, complicating the recovery efforts from the COVID-19 pandemic. Economic sanctions, surging commodity prices, and supply chain interruptions have collectively ushered in a period of inflation across goods and services, subsequently influencing increased interest rates and exerting far-reaching impacts on global markets. Despite these challenges, the artificial intelligence in stadium market is poised to attain a substantial valuation of $11.85 billion by 2027, propelled by a steady CAGR of 53.4%.
The burgeoning number of participants in sporting events is poised to serve as a substantial catalyst for the burgeoning growth of the artificial intelligence in the stadium market in the foreseeable future. Sporting events, encompassing organized competitions and gatherings where athletes or teams engage in various sports disciplines, represent a rich ecosystem ripe for AI integration. This infusion of artificial intelligence in stadium operations leverages advanced technologies and systems to amplify various facets of the sporting experience.
These applications encompass augmented performance analysis, the enhancement of the fan experience, aiding referees in their decision-making, enabling predictive analytics for strategical insights, and optimizing the overall orchestration of stadium operations. A notable illustration of this trend unfolded in 2020 when Tourism Economics, a reputable Philadelphia-based information services organization, reported a substantial increase in the number of attendees at sporting events in the United States, surging from 96 million in 2020 to an impressive 175 million in 2021.
Moreover, the figures from February 2023, as per the Sports & Fitness Industry Association (SFIA), a prominent U.S.-based promoter of sports and fitness participation, indicated that approximately 77.6% of the entire American populace, amounting to a staggering 236.9 million individuals, actively participated in at least one sporting activity in 2022 across 124 diverse sports, fitness, and outdoor pursuits.
Hence, this robust surge in the number of participants engaging in sporting events is undeniably steering the propulsion of the artificial intelligence in the stadium market, promising a future where AI seamlessly integrates into the very fabric of the sports landscape.
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The artificial intelligence in stadium market segments in the report are:
1) Artificial Intelligence In Stadium Market By Product: Digital Content Management, Stadium And Public Security, Building Automation, Event Management, Network Management And Crowd Management
2) Artificial Intelligence In Stadium Market By Component: Software, Service
3) Artificial Intelligence In Stadium Market By Application: Government, School, Other Applications
The table of contents in TBRC’s artificial intelligence in stadium market report includes:
1. Executive Summary
2. Artificial Intelligence In Stadium Market Characteristics
3. Artificial Intelligence In Stadium Market Trends And Strategies
4. Artificial Intelligence In Stadium Market - Macro Economic Scenario
......
32. Global Artificial Intelligence In Stadium Market Competitive Benchmarking
33. Global Artificial Intelligence In Stadium Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence In Stadium Market
35. Artificial Intelligence In Stadium Market Future Outlook and Potential Analysis
36. Appendix
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