Press release
Stadium Security Market| Top Companies | Regional Scope, Segment Growth, Revenue Statistics | Industry Share Forecast
Global Stadium Security Market, valued at US$ 6,236.9 Mn in 2017, is projected to reach US$ 16,057.6 Mn by the end of 2025, exhibiting a CAGR of 12.8%.
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Stadium Seating Capacity Ranging from 30000-50000 Exhibits 13.4% CAGR
As per seating capacity, stadiums with 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 less 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.
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 on 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, construction of smart stadiums is being carriedout in this region. This is further expected to fuel demand for public address system for the 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 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 towards 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.
The top ten players covered two-third of the share in the global market in 2017.
Key Companies Covered in The Report
Avigilon Corporation
AxxonSoft
BOSCH Security Systems
Genetec Inc.
Dallmeier
Honeywell International Inc.
NEC Corporation
Rapiscan Systems
CISCO Systems Inc.
Intel Corporation among others.
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Major Table of Content:
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Global Market Overview
Key Market Indicators
Macro and Micro Economic Factors
Emerging Market Trends
Industry SWOT Analysis
Global Stadium Security Market Analysis, Insights and Forecast, 2015-2026
Definitions
Key Findings / Summary
Market Analysis, Insights and Forecast – By Components
Hardware (Biometrics, Smoke Detectors, Metal Detectors, Camera Systems, Others)
Software & Services
Market Analysis, Insightsand Forecast – By Seating Capacity
Less Than 30000
30000 – 50000
More Than 50000
Market Analysis, Insightsand Forecast – By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Competitive Landscape
Company Profile
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