Blockchain Press Releases
Smart Stadium Market worth $34.5 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 27, 2023 /PRNewswire/ — Because of the rise of the IoT, 5G connection, AI, and fan involvement, the market for smart stadiums has a bright future. These venues’ progress will be further shaped by sustainability, data analytics, and interaction with smart cities, providing guests with immersive experiences and safer environs.
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 a new report by MarketsandMarkets™. The growth of the Smart Stadium Market is primarily driven by rapid advancements in IoT, data analytics, cloud computing, and mobile applications. Also, the need to optimize venue operations, crowd management, and security, leading to better resource utilization and cost savings for stadium management will drive the market.
Browse in-depth TOC on “Smart Stadium Market“
207 – Tables
37 – Figures
204 – Pages
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Scope of the Report
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Report Metrics |
Details |
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Market size available for years |
2018–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD Billion) |
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Segments covered |
Solutions, Services, and Regions. |
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Regions covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
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Companies covered |
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). |
Based on offering, the services segment to grow at a higher CAGR during the forecast period
The services segment of the Smart Stadium Market comprises consulting services, deployment and integration, and support and maintenance services. The need to increase operational efficiency, achieve sustainability, and handle the changing business dynamics is driving the increased adoption of smart stadium services across all regions.
Based on solutions, the network management segment is expected to grow at the highest CAGR during the forecast period
Network management platforms facilitate communication between the stadium, workforce, and fans. Network management platforms ensure users receive IT services anywhere, anytime. With the help of these platforms, network administrators can easily detect any failure in the network and resolve issues in real-time by informing the support personnel. The rapid growth in global sporting events is driving the demand for stable and efficient data networks to ensure efficient day-to-day operations and management of stadiums.
Based on services, the support and maintenance segment is expected to grow at a higher CAGR during the forecast period
Support and maintenance service providers ensure regular maintenance and offer continuous improvements to these devices. The need to increase profitability, enhance the fan experience, empower communications, and improve the stadium infrastructure. Also, the need for technical expertise for high reliability and minimal downtime will drive the segment’s growth.
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Based on the digital content management solution type area, the mobile and web content management segment is expected to grow at a higher CAGR during the forecast period
Mobile and web content management software store and deliver content and services to mobile devices. The market segment is growing rapidly due to the adoption of web-based digital solutions and services by stadium operators. Also, the increasing use of the internet and sports analytics drives stadium operators to use mobile apps and web services at stadium venues.
Europe to hold the highest market size during the forecast period
Europe is one of the most prominent regions in the Smart Stadium Market. The European Smart Stadium Market is projected to experience sustained growth due to funding policies at both the EU and individual state levels. European sports organizations are increasingly adopting smart stadium solutions. The UK, the birthplace of football and cricket, generates significant revenue from these sports. Consequently, sports organizations in the country are investing heavily to maintain a competitive edge within the industry. Governments across Europe have already initiated multiple research and development (R&D) ventures to convert traditional stadiums into smart stadiums by integrating IoT solutions and 5G connectivity.
Top Key Companies in Smart Stadium Market:
Major vendors operating in the Smart Stadium Market 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).
Recent Developments:
- In February 2023, Fujitsu and Eintracht partnered to develop sustainable solutions for stadium management, such as Iot T-based sensors, AI implementation, and queue management.
- In January 2023, Schneider Electric acquired AVEVA, a global leader in industrial software. Together, they enable a holistic approach to digital transformation across a customer’s operations.
- In December 2022, Cisco and Manchester City collaborated to deploy WaitTime’s real-time crowd management platform at the Etihad Stadium.
- In October 2022, Tech Mahindra acquired US-based Infostar LLC and London-based We Make Websites Limited (WMW) for USD 105 million and USD 13 million, respectively, to strengthen its digital portfolio..
- In March 2022, Real Madrid partnered with Cisco to provide Connected Stadium solutions across its stadium to enhance the fan experience and connectivity.
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Smart Stadium Market Advantages:
- Smart stadiums use cutting-edge technology to give visitors an immersive and engaging experience. This includes tools like interactive displays, augmented reality (AR) experiences, and mobile apps with real-time updates, all of which boost fan engagement and keep them connected throughout the event.
- Smart stadiums can gather and analyse fan data to provide individualised services and recommendations. In order to respond to individual interests and improve the overall fan experience, this can involve targeted offers for refreshments, merchandising, or even seat upgrades.
- There is a safer environment for everyone attending the event thanks to sophisticated security systems including facial recognition, video analytics, and IoT sensors. This makes the stadium experience safer and more pleasurable by assisting in preventing and countering security concerns effectively.
- In order to optimise seating arrangements, entry and departure locations, and traffic flow, smart stadiums deploy crowd management solutions that make use of data analytics. Fans who are attending the event will have a smoother experience as a result of less congestion and shorter wait times.
- Sensors and Internet of Things (IoT) devices installed at smart stadiums collect real-time data on a variety of topics, including crowd behaviour, weather, and player performance. With the help of analytics, this data can give stadium managers, coaches, and even broadcasters useful information.
- Strong Wi-Fi and cellular networks are available in smart stadiums, allowing visitors to stay connected and post about their experiences in real time on social media. Through smartphone apps and AR/VR technology, this connectivity also makes interactive in-stadium experiences possible.
- Smart stadiums’ incorporation of technology creates new opportunities for revenue generation. Smart stadiums can increase revenue for venue owners and operators through sponsorships, targeted advertising options, and premium seat packages.
Report Objectives
- To determine and forecast the global Smart Stadium Market by solution, service, and region from 2023 to 2028 and analyze various macroeconomic and microeconomic factors that affect the market growth
- To forecast the size of the market segments with respect to five main regions: North America, Europe, Latin America, Asia Pacific, and Middle East and Africa
- To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall Smart Stadium Market
- To provide detailed information regarding the major factors influencing the growth of the Smart Stadium Market (drivers, restraints, opportunities, and challenges)
- To profile the key market players; provide comparative analysis based on their business overviews, service offerings, regional presence, business strategies, and key financials; and provide companies in-house statistical tools to understand the competitive landscape
- To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities in the market
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Blockchain Press Releases
Lukka Acquires Coinfirm bringing Audited Data to Blockchain Analytics, Compliance, and Investigations
NEW YORK, May 21, 2024 /PRNewswire/ — Lukka, the global leader in enterprise digital asset data and software solutions, proudly announces its acquisition of Coinfirm, a top-tier European based blockchain analytics software company. This acquisition deepens Lukka’s existing capabilities to now support a comprehensive set of on-chain analytics of compliance, AML, sanction screening, entity due diligence, and investigations business needs. The new combined offering utilizes the industry’s only audited, institutional grade datasets at a time when trust in the quality and accuracy of data has become essential.
Since 2016, Coinfirm has been at the forefront of digital asset transaction analysis and monitoring, specializing in compliance, AML (Anti-Money Laundering) detection, and advanced blockchain analytics. Lukka’s enterprise focused approach integrates Coinfirm blockchain data into its platforms with conventional financial information, and maintains existing trusted standards in the form of an AICPA SOC Operational risk controls. Coinfirm was a natural addition to Lukka’s existing product suite due to their prior adherence to AICPA SOC 2 standards, audited by a Big 4 accounting firm.
“Our customers have stated very clearly that they want data that they can trust and that they have too many overlapping vendors, which creates inefficiency and unnecessary spending. We spent years of due diligence across hundreds of businesses and customer feedback discussions and very carefully selected Coinfirm.
Ultimately, the decision was easy – the team that they have built is incredibly talented and their data quality is best in class. At Lukka we know data and the data behind their on-chain analytics and investigative products was the most comprehensive and highest quality. Lukka is a single provider for all of your crypto data needs.” said Robert Materazzi, CEO at Lukka.
The integration of the Coinfirm team and products with Lukka is not just an expansion of services but a strategic move towards offering an unmatched range of on-chain and off-chain data solutions. In addition to Lukka’s commercial strategy, the story doesn’t end with this acquisition. Lukka is continuously assessing opportunities to partner and work with great teams across the world.
About Lukka
Founded in 2014, Lukka serves the most risk-mature businesses in the world with institutional data and software solutions. As a global company, headquartered in the United States, Lukka bridges the gap between the complexities of blockchain data in a global crypto ecosystem with traditional business and reporting requirements.
All of Lukka’s products are created with institutional standards, such as AICPA Service and Organization Controls (SOC), which focus on data quality, financial calculation accuracy & completeness, and managing technology operational risk. Lukka has obtained AICPA SOC 1 Type II and SOC 2 Type II Audits, an ISO/IEC-27001 certification, NIST Cybersecurity Assessment, and continues to lead the industry with best in class technology risk governance.
Our global team looks forward to partnering with you to solve your data challenges.
For information about Lukka, visit lukka.tech.
Media Contact:
Rafal Janik
[email protected]
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Livepeer AI tackles one of the most pressing challenges of the AI boom: the exponential demand for AI compute capacity
NEW YORK, May 21, 2024 /PRNewswire/ — Open video infrastructure network Livepeer has announced the launch of its AI subnet. As the usage of generative AI increases, there’s a commensurate need for more adaptable, dynamic access to AI compute capabilities for builders, creators and developers, says Livepeer CEO Doug Petkanics:
“AI inference is one of the most costly and compute heavy challenges with generative AI,” says Livepeer CEO Doug Petkanics. “Our global network of decentralized nodes can serve the growing demand for AI compute – demand that will only grow exponentially as text-to-video models become embedded across entertainment, social media and gaming.”
The Livepeer AI subnet allows hardware providers to earn fees for contributing their GPUs for AI inference jobs such as text-to-image, text-to-video and image-to-video. The subnet is a fork of the main Livepeer network, which enables new AI capabilities while still using the Livepeer protocol for discovery and payments to nodes.
The goal of the subnet launch is to on-board nodes to support Livepeer’s new AI capabilities, perform testing and collect data from strategic test partners that benchmark the cost effectiveness of the Livepeer network for performing AI inference at scale, continues Petkanics:
“After validation, the team will merge these capabilities into the core Livepeer clients, add additional job types, and grow the ecosystem around leveraging additional forms of AI-based video compute. The goal is to enable AI developers to bring their own models, weights, fine-tunings, or deploy custom LoRAs on top of existing foundational models within the network. These will give the ultimate flexibility to developers, who can design bespoke workflows to support any type of AI media compute need imaginable.”
The team is currently targeting an August launch for the Livepeer AI mainnet, which will allow builders, creators and developers to leverage Livepeer’s cost-efficient, reliable and scalable infrastructure for all of their generative AI compute needs.
Livepeer joins the C2PA to fight deepfakes
Livepeer is the first open infrastructure network to join the Coalition for Content Provenance and Authenticity (C2PA), an open technical standard providing publishers, creators, and consumers the ability to trace the origin of different types of media. Other members include TikTok, Adobe, Google, Sony, Intel, BBC, Microsoft and OpenAI.
“When it comes to AI, content provenance is difficult,” says Petkanics. “The infrastructure layer is ideally positioned to be a crucial stopgap for misinformation, as it can seamlessly fingerprint content as it moves from creation to editing, distribution and consumption. We’re committed to supporting content authenticity wherever possible to rebuild trust and embed verifiable metadata that enables attribution at each stage of the content lifecycle.”
Learn more at livepeer.ai.
Media inquiries:
[email protected]
About Livepeer
Founded in 2017 by Doug Petkanics and Eric Tang, Livepeer is an open video infrastructure network for transcoding video and processing generative video. Learn more at livepeer.org.
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Virtualness is positioning itself as the Canva of the blockchain world, according to Kirthiga Reddy. Reddy, the former Managing Director of Facebook India, is now the CEO of Virtualness. She believes that the platform can empower users to create content and communities in the virtual space, similar to Canva’s success in the design world.
Virtualness aims to provide tools and resources that simplify the process of creating and managing virtual communities. Reddy envisions the platform as a one-stop destination for individuals and businesses looking to leverage the power of blockchain technology for community building.
The platform offers a range of features, including customizable templates, social media integration, and analytics tools, designed to streamline the creation and management of virtual communities. Reddy highlights the platform’s user-friendly interface and intuitive design as key factors in its appeal to users.
Virtualness is tapping into the growing demand for virtual experiences and communities, driven by the shift towards remote work and digital interaction. Reddy sees immense potential in the platform’s ability to democratize access to blockchain technology and empower users to create meaningful connections in the virtual world.
With Virtualness, Reddy aims to democratize access to blockchain technology and empower users to create meaningful connections in the virtual world. She believes that the platform has the potential to revolutionize the way people interact and collaborate online, much like Canva has transformed the design industry.
Virtualness has already garnered attention from investors and industry experts, positioning itself as a promising player in the burgeoning virtual community space. Reddy’s vision for the platform reflects her deep understanding of the digital landscape and her commitment to driving innovation in the blockchain industry.
Overall, Virtualness is poised to make a significant impact in the virtual community space, offering users a powerful tool to create, manage, and monetize their virtual experiences. With Reddy at the helm, the platform is well-positioned to become the go-to destination for virtual community building, much like Canva has become synonymous with design excellence.
Source: exchange4media.com
The post Virtualness want to be the Canva of Blockchain:Kirthiga Reddy appeared first on HIPTHER Alerts.
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