The Stadium Security Market analysis report by Future Market Insights reveals that global sales of the Stadium Security Market in 2021 were held at USD 9.5 Billion. With a projected growth of 7.2%, the market is expected to reach a valuation of USD 21.3 Billion by 2032. Stadium Security Hardware is expected to be the highest revenue-grossing segment, projected to grow at a CAGR of around 6.7% from 2022 to 2032.
| Attributes | Details |
|---|---|
| Global Stadium Security Market Size (2022) | USD 10.6 Billion |
| Global Stadium Security Market Size (2032) | USD 21.3 Billion |
| Global Stadium Security Market CAGR (2022 to 2032) | 7.2% |
| USA Stadium Security Market Size (2032) | USD 7.3 Billion |
| Key Companies Covered | Cisco Systems Inc.; Intel Corporation; BOSCH Security Systems Inc.; Avigilon Corporation; Honeywell International Inc.; Axxonsoft; Genetec Inc.; Rapiscan Systems; NEC Corporation; Dallmeier |
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As per the Stadium Security Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2022, the market value of the Stadium Security Market increased at around 12.6% CAGR. In the forthcoming years, with a projected CAGR of 7.2%, the market is expected to gross an absolute dollar opportunity of USD 21.3 Billion from 2022 to 2032.
The growing number of sporting events and concerts held in stadiums is assisting the growth of the global Stadium Security Market. The importance of public security at stadiums is growing across the world. This compels stadium owners to build robust security systems such as intrusion alarm systems, metal detectors, CCTV cameras, access control systems, and fire alarm systems. Owing to some disastrous incidences in the past, stadium management has also been deploying facial recognition technology to restrict the troublemakers' access.
Terrorist attacks at an occasion or event at a stadium have been the key element driving the expansion of the stadium security industry in the coming years. The safety and security of the venues are critical for big events, such as shows, games, and other open social gatherings that take place in the arenas. Managing a large group of people is not an easy task, since group upheavals, misbehavior by some bystanders, and infractions are all too often.
Similarly, there is a strong risk of militant attacks at prime locations. In the past, the attacks including the 2017 Manchester attack and the 2015 Paris attack, posed a serious threat to human life. Numerous prominent players are implementing stadium surveillance systems at several large stadiums to get an advantage against tough competitors. Vodafone, for example, is expected to create a smart stadium safety and security system for the FIFA World Cup 2022 in Qatar.
The security of the stadium is a critical component in ensuring the safety of the spectators and providing a better observer experience. Each arena deployed with stadium security systems has a robust security framework that includes, but is not limited to, access CCTV Stadium Security Cameras, control frameworks, metal indications, interruption caution frameworks, and alarm frameworks, among others.
The growing occurrence of games organized in various parts of the world, as well as hordes of fans attending them, may continue to drive interest in arena security at an alarming rate. Short response times assured by security organizations during crises or unexpected events have been necessary to quickly flood the interest. According to arena experts, providing a unique experience and ensuring the security of attendees are of primary importance.
The growing use of Internet of Things (IoT) technology for efficient stadium infrastructure management, as well as a greater emphasis on engaging and pleasing people on the premises, are some of the reasons expected to drive the market for stadium security using technologies throughout the projected period. Several security standards for stadium construction have been enforced by sports governing organizations across the world.
For example, the Union of European Football Associations (UEFA) partnered with the UEFA Stadium and Security Council to develop the UEFA Stadium Facilities and Security and Safety Regulations. Its objective is to provide higher safety requirements for the seamless operation of events.
Intellect-based stadium security solutions provide efficient incident investigation and aid in the prevention of issues before they occur. These advantages are likely to enhance businesses to make an investment in stadium security management systems.
Anti-drone technology is also driving the market. Drones are increasingly being employed for business and recreational purposes. However, many individuals are apprehensive about the use of drones, not only for privacy, but also for safety.
Unauthorized drone usage near or within a stadium may not only be irritating or bothersome, but it may also endanger public safety if the drone crashes. Anti-drone technology is specialized by several businesses, including DroneShield in Australia and Anti-Drone in Denmark.
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During the projected period, North America is expected to continue dominating the global Stadium Security Market with a market size of nearly USD 8 Billion. The Carolina Panthers confirmed spending more than USD 3 Million to enhance the security system at Bank of America (BOA) Stadium in September 2017.
Bomb-sniffing dogs and above 100 new metal detectors are part of the security system. Furthermore, in April 2017, Major League Soccer (MLS) committed to the deployment of improved security for all North American athletic league games. Innovative screening measures upon stadium admission at all matches are part of the new increased security.
The United States is expected to account for the largest market share of USD 7.3 Billion by the end of 2032 with a projected CAGR of 6.6% from 2022 to 2032.
Stadium management is implementing stadium security technology to engage its stadium attendees. With the advancement of technology, the region is witnessing the creation of smart stadiums. This is projected to increase the need for public address systems for enhanced crowd management.
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The hardware segment is forecasted to grow at the highest CAGR of around 11.7% from 2022 to 2032. During the projected period, the hardware sector is likely to dominate the worldwide stadium security market. In terms of security and safety, the digital transformation would provide substantial advantages to all stadium administrators and visitors.
An example can be stated with the use of Radio-frequency identification (RFID) tagged cards invented by Zebra Technologies, which allows a user to enter the stadium but will restrict the user to go into the locker room. These ID cards with ultrahigh-frequency RFID may be read from a wider distance, but a security guard is typically required to ensure that unauthorized individuals do not try to slip through a doorway when it allows for an approaching user or cardholder.
Also, the smart stadium idea might incorporate a variety of technologies, beginning with the accessibility of parking space. The increased usage of IoT technology for effective stadium infrastructure management has also benefited the stadium security industry.
The Channel Partner segment is forecasted to grow at the highest CAGR of around 12% from 2022 to 2032. Choosing the right sales channel may not only impact the company's marketing strategy but also its prospective income. During the projected period, the channel partner sector is predicted to have a considerable revenue share. Distributors and system integrators are among the players in the channel partner category.
Channel partners assist stadium security makers in a variety of ways, including maintenance services and installation, brand, sales, and marketing assistance. Furthermore, it aids in increasing income from existing clients by satisfying more of their security demands.
The Stadium Security Market is highly concentrated, with a few competitors accounting for the vast majority of the market share. The established firms are attempting to obtain supremacy in this sector. These firms are increasing their profits and market shares through smart joint projects. The key stadium security companies include Cisco Systems Inc., Intel Corporation, BOSCH Security Systems Inc., Avigilon Corporation, Honeywell International Inc., Axxonsoft, Genetec Inc., Rapiscan Systems, NEC Corporation, and Dallmeier.
Some of the recent developments in the Stadium Security market include:
Being a part of the SecureX system, Cisco Security will combine risk-based and threat vulnerability management, broadening the experience of the platform and offering full scorecards for security measures and threat response capabilities.
The purchase will be incorporated into Honeywell's Fire and Connected Life Safety systems division, expanding Honeywell's range of public safety communication services, and offering first responders increased situational awareness of building crises and improved life safety. USA Digital Designs' services, when integrated with Honeywell's solutions, will securely communicate precise data about the incident, such as the type of danger, severity, and position within the impacted structure, before when first responders arrive.
Similarly, recent developments related to companies in Stadium Security Market have been tracked by the team at Future Market Insights, which are available in the full report.
The global Stadium Security Market is worth more than USD 9.5 Billion at present.
The value of the Stadium Security Market is projected to increase at a CAGR of around 7.2% from 2022 to 2032.
The value of the Stadium Security Market increased at a CAGR of around 12.6% from 2015 to 2021.
Factors including AI technology, anti-drone technology, cloud-based solutions, and biometric access control are transforming the Stadium Security market. These characteristics are steadily attracting investors and government entities to participate in this area.
The market for Stadium Security Market in the USA is projected to expand at a CAGR of around 6.6% from 2022 to 2032.
1. Executive Summary | Stadium Security Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Component 5.1. Hardware 5.1.1. Access Control Systems 5.1.2. Video Surveillance Systems 5.1.3. Others 5.2. Software 5.2.1. On-premise Based 5.2.2. Cloud Based 5.3. Services 5.3.1. Installation and Maintenance 5.3.2. Direct Sales 5.3.3. Others 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 6.1. Channel Partners 6.2. Direct Sales 6.3. Others 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East and Africa 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Cisco Systems Inc. 15.2. Intel Corporation 15.3. BOSCH Security Systems Inc. 15.4. Avigilon Corporation 15.5. Honeywell International Inc. 15.6. Axxonsoft 15.7. Genetec Inc. 15.8. Rapiscan Systems 15.9. NEC Corporation 15.10. Dallmeier 16. Assumptions & Acronyms Used 17. Research Methodology
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