Stadium Security Market - Growth, Trends by 2024
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Although the advancements in security technologies has benefited the security management; however, certain challenges at larger events such as multiple locations that are farther apart and multiple entrances create logistical challenges. Stadium security efforts need to take into account the multiple access points at stadiums and the diverse areas inside a stadium which need to be addressed on very short notice in case of security emergency.
Security systems interoperability issues and privacy concerns are major challenges to the growth of stadium security market. At the same time, vulnerability of security systems to attack by hackers is another major challenge to stadium security market. As the security in stadiums needs to be upgraded after short intervals with new threats and ongoing risk assessments, the stadium security market presents large opportunities. The prominent trend that will shape the stadium security market during the coming years is convergence. During the coming years, almost all stadium’s physical security systems will rely on IT systems and networking protocols to support their operations. This growing convergence will bring flexibility in deployment of physical security in stadiums and drive the global stadium security market in the years to come.
The components of stadium security market include hardware, software and services. The key systems includes under hardware segment of the stadium security market are video surveillance, access control, intrusion detection and fire safety. Access control further includes radio frequency identification (RFID), biometrics, and card-based access control. Various services in stadium security market include security consulting, maintenance and operation, integration and installation and cloud based services.
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The key players operating in the stadium security market are Hikvision Digital Technology Co., Ltd., Axis Communications AB, Bosch Security Systems, Inc., Canon, Inc., Panasonic System Networks Co. Ltd., Pelco, Inc., Zhejiang Dahua Technology Co. Ltd. and Honeywell Security Group.
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