"Smart Strategies, Giving Speed to your Growth Trajectory"
The global stadium security market size was 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%.
The security of the stadiums is of most importance in the times of major events such as sports events, concerts, and other public gathering events taking place in the stadiums. Stadium security solutions assist in handling a huge crowd of people, including crowd outbursts, misbehavior by some of the spectators, and crimes.
In order to ensure the safety of the spectators and to offer an enhanced spectator experience, every stadium is equipped with a solid security system that consists of access control systems, CCTV cameras, metal detectors, fire alarm systems, intrusion alarm systems, among others. Additionally, due to unfortunate incidents and repeated altercations involving aggressive fans, stadium management decided to install facial recognition in order to filter out known troublemakers.
Request a Free sample to learn more about this report.
"Software & Services to Emerge as the Fastest Growing Segment"
In terms of components, the global stadium security market is segmented into hardware, software, and services. The hardware segment is expected to dominate the global market during the forecast period. Digital transformation would provide immense benefits to all stadium owners and spectators in terms of safety and security. Starting from the availability of parking space, the smart stadium concept could integrate multiple technologies. Increasing the adoption of IoT technologies for efficient management of stadium infrastructure has also contributed positively towards the stadium security market.
To know how our report can help streamline your business, Speak to Analyst
In terms of seating capacity, the market is studied as less than 30000 seating capacity, 30000 – 50000 seating capacity, and more than 50000 seating capacity. The stadiums having a capacity between 30000 – 50000 are expected to grow rapidly with a CAGR of 13.4%. Furthermore, Stadiums having a capacity of less than 30000 have the highest market share but are expected to grow at a CAGR of 12.5%.
"The increasing frequency of large scale sports events and emphasis laid on ascertaining the security of visitors and the players in North America Ensures the Highest Market Share"
Among the five major geographic regions, North America dominates the global market since the major economies, including the U.S. and Canada, are predominantly on the target list of the terrorists. The region generated a huge revenue of US$ 2,486.3 Mn in 2017, and the growing demand for data-driven operations and maintenance of stadium infrastructures is expected to maintain its dominant position during the forecast period. In terms of growth rate, Asia Pacific is anticipated to exhibit the highest growth rate during the forecast period.
Upcoming national and international sports events in APAC due to growing sports league culture is likely to propel the growth of stadium security in the region. Increasing focus on delighting and engaging fans at stadiums is a significant trend observed in this region. Rapid construction of new and smart stadiums is also being carried out within the region, which would boost the stadium security market for the Asia Pacific.
North America Stadium Security Market, 2017
To get more information on the regional analysis of this market, Request a Free sample
"Avigilon Corporation, AxxonSoft, BOSCH Security Systems, and Honeywell International Inc. Leading the Global Stadium Security Market in Terms of Revenue"
Currently, the global market is dominated by large market players who lead the global market. The top ten players of the market held approximately two-thirds of the market revenue share in 2017. The market is likely to witness the entry of new market players having specialization in a particular security component such as video surveillance, intrusion alarms, etc. Market positioning of key players is likely to be determined by their security systems being installed at major stadiums of significant capacity and tenders received from sports governing bodies. Among the global market leaders are Avigilon Corporation, AxxonSoft, BOSCH Security Systems, and Honeywell International Inc.
Intellect-based security systems enable efficient incident investigation and help to prevent incidents before they even happen. These benefits are expected to encourage companies to invest in stadium security systems. factors are during 2018-2025. Other prominent players functioning in the global stadium security market are Genetec Inc., Dallmeier, Rapiscan Systems, Cisco Systems Inc., Intel Corporation, and others.
It is very crucial for stadium management authorities to ensure the security of stadiums and venues while hosting major sports events. International and national sports events generally attract huge public gatherings as well as VIP personnel. This makes sudden handling outbursts within spectators crowd a difficult task. In order to ensure the safety of visitors and enhance the spectator experience, the installation of advanced security systems has significantly increased. At present, almost every big stadium is equipped with high-tech and reliable security systems. Thus, by utilizing these smart security systems, security agencies can respond quickly in case of an emergency or troublesome behavior by opponent groups.
The report provides qualitative and quantitative insights on stadium security and the detailed analysis of market size & growth rate for all possible segments in the market. The market is segmented by component, seating capacity, and geographically. On the basis of components, the market is categorized into hardware, software, and services. The hardware segment is further bifurcated into- access control system, video surveillance system, intrusion alarm, fire alarm systems, others (public address system, metal detectors.
By seating capacity, the stadium security market is classified as less than 30000 seating capacity, 30000 – 50000 seating capacity and more than 50000 seating capacity. Geographically, the market is segmented into five major regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. These regions are further categorized into countries.
To gain extensive insights into the market, Request for Customization
Along with this, the report provides an elaborative analysis of market dynamics and competitive landscape. The report offers key insights on the latest technology adoption trends for stadium security, security management software up-gradation analysis, recent industry developments such as partnerships, mergers & acquisitions, industry SWOT analysis, business strategies of leading market players, macro and micro-economic indicators, and key industry trends.
By Seating Capacity
The global stadium security market, valued at US$ 6,236.9 Mn in 2017. Stadium security solutions assist in handling a huge crowd of people including crowd outbursts, misbehavior by some of the spectators, and crimes.
The global stadium security market is projected to reach US$ 16,057.6 Mn by the end of 2025, exhibiting a CAGR of 12.8%.
The major factors driving the growth of stadium security market include, increasing dangers and threats to players and sports events from terrorists etc. and Rapid construction of new and smart stadiums globally.
Market positioning of key players is likely to be determined by their security systems being installed at major stadiums of significant capacity and tenders received from sports governing bodies. The top or major players in the stadium security market include, Genetec Inc., Dallmeier, Rapiscan Systems, CISCO Systems Inc., Intel Corporation, etc.
North America held the highest market share of 2,486.3 Mn in 2017 owing since the major economies, including the U.S. and Canada, are predominantly on the target list of the terrorists. Additionally, demand for data-driven operations and maintenance of stadium infrastructures is expected to maintain its dominant position during the forecast period.
The hardware segment is expected to dominate the global stadium security market during the forecast period. However software & services are expected to emerge as the fastest growing segment owing to the emergence of smart stadiums. Also the digital transformation of stadiums coupled with increasing IoT technology for stadium management would contribute to the growth of software and services segment.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry