Why the Stadium Security Market is set to explode? Top Companies: Honeywell, Avigilon, Bosch Security and Safety Systems, AxxonSoft, Intel Corporation, Genetec, Rapiscan Systems, Dallmeier electronic, Cisco
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o Bosch Security and Safety Systems
o Intel Corporation
o Rapiscan Systems
o Dallmeier electronic
This is compelling stadium owners to install a well-equipped solid security system such as metal detectors, intrusion alarm systems, access control systems, CCTV cameras, and fire alarm systems. Over the past few years, some unfortunate incidents have taken place in stadiums. Taking this into consideration, the stadium management decided to install facial recognition systems and restrict the entry of troublemakers.
According to the report, the global market was valued at US$ 6,236.9 Mn in the year 2017 and is expected to reach US$ 16,057.6 Mn by 2025. In addition to this, the global market is anticipated to exhibit a remarkable CAGR of 12.8% during the forecast period.
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Stadium Seating Capacity Ranging from 30000-50000 Exhibits 13.4% CAGR
As per seating capacity, stadiums with a capacity between 30000 and 50000 are anticipated to grow at a rapid pace. Furthermore, this range is expected to rise at a CAGR of 13.4% driven by rising number of events and concerts. On the other hand, stadiums with a capacity of fewer than 30000 seats are projected to account for the highest share in the global market. However, this segment is anticipated to exhibit a CAGR of 12.5% during the forecast period.
1. By Component
o Hardware (Access Control System, Video Surveillance System, Intrusion Alarm, Fire Alarm Systems, Others (Public Address System, Metal Detectors))
o Software & Services
2. By Seating Capacity
o Less than 30000
o 30000 - 50000
o More than 50000
3. By Geography
o North America (USA and Canada)
o Europe (UK, Germany, France, Scandinavia and Rest of Europe)
o Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
o Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
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North America with Rising Number of Terrorist Attacks to Emerge Dominant
North America is expected to lead the global stadium security market in the forecast years. Predominantly, Canada and the U.S are in the constant risk of terrorist attacks, which compels the stadium owners to adopt stadium security solutions. The market in this region was valued at US$ 2486.3 Mn as per revenue in 2017. Rapid technological advancements in stadium security systems and growing demand for maintaining stadium infrastructure are driving the market in North America.
The market in Asia Pacific is expected to gain an impressive share in the forecast years. The region is witnessing several national and international sports events, which is creating attractive growth opportunities for the market. In addition to this, stadium management is adopting stadium security technologies in order to engage their spectators at stadiums. With the emergence of advanced technology, the construction of smart stadiums is being carried out in this region. This is further expected to fuel demand for the public address system for effective crowd management.
Integration of IoT in Stadium Security Systems to Support Growth
A lead analyst at Fortune Business Insights said, "Technological advancements such as the adoption of internet of things (IoT) in stadium security systems is expected to enhance the spectator experience." He added, "Upgradation of stadium security plan can offer a convenient and personalized experience to spectators and simultaneously ensures complete security." Moreover, IoT adoption helps in the effective management of stadium infrastructure, contributing to the growth of the market.
Competitive Rivalry Among Players Spikes Installation of Advanced Stadium Security Tools
Increasing terrorist threats and pressing need for ensuring public safety are compelling companies to develop innovative and smart stadium security measures. To gain an edge over strong competition, several leading players are installing stadium security systems at some major stadiums to maintain their position in the global market. For instance, Vodafone is projected to design a smart stadium security system for FIFA World Cup 2022 in Qatar. The market position of companies is determined based on the number of tenders they receive from sports government agencies.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/stadium-security-market-100310
Table of Content
5. Global Stadium Security Market Analysis, Insights and Forecast, 2015-2026
5.2. Key Findings / Summary
5.3. Market Analysis, Insights and Forecast - By Components
5.3.1. Hardware (Biometrics, Smoke Detectors, Metal Detectors, Camera Systems, Others)
5.3.2. Software & Services
5.4. Market Analysis, Insights and Forecast - By Seating Capacity
5.4.1. Less Than 30000
5.4.2. 30000 - 50000
5.4.3. More Than 50000
5.5. Market Analysis, Insights and Forecast - By Region
5.5.1. North America
5.5.3. Asia Pacific
5.5.4. Middle East & Africa
5.5.5. Latin America
6. North America Stadium Security Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast - By Components
6.2.1. Hardware (Biometrics, Smoke Detectors, Metal Detectors, Camera Systems, Others)
6.2.2. Software & Services
6.3. Market Analysis, Insights and Forecast - By Seating Capacity
6.3.1. Less Than 30000
6.3.2. 30000 - 50000
6.3.3. More Than 50000
6.4. Market Analysis, Insights and Forecast - By Country
7. Europe Stadium Security Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast - By Components
7.2.1. Hardware (Biometrics, Smoke Detectors, Metal Detectors, Camera Systems, Others)
7.2.2. Software & Services
7.3. Market Analysis, Insights and Forecast - By Seating Capacity
7.3.1. Less Than 30000
7.3.2. 30000 - 50000
7.3.3. More Than 50000
7.4. Market Analysis, Insights and Forecast - By Country
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