According to a recently released Future Market Insights report, the Stadium Security Market was valued at US$ 9.5 billion in 2021 and is expected to grow at a CAGR of 7.2% from 2022 to 2032. The market is expected to be valued at US$ 21.3 billion by the end of 2032. During the period 2022-2032, revenue from stadium security programming equipment is expected to grow at a CAGR of 6.7%.
Fear mongering assaults at a stadium event or occasion were the key component driving the development of the stadium security industry not long ago. The safety and security of the scenes are critical for large events such as shows, games, and other open parties held in the fields. Dealing with a large crowd is not an easy task, as crowd disturbances, bad behaviour by certain spectators, and infractions occur frequently.
Likewise, there are areas of strength for an assailant assault at strategic locations. Previously, attacks such as the 2017 Manchester attack and the 2015 Paris attack posed a serious threat to human survival.
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Various noticeable players are executing stadium reconnaissance frameworks at a few huge stadiums to get a benefit against intense contenders. Vodafone, for instance, is supposed to make a savvy stadium wellbeing and security framework for the FIFA World Cup 2022 in Qatar.
Key Takeaways from the Market Study
- Global Stadium Security Market is expected to reach a market size of US$ 13.9 Bn by 2022.
- In terms of Component, the Hardware segment is expected to account for the highest CAGR of 6.7% during the forecast period.
- In terms of Sales Channel, the Channel Partner segment is expected to account for the highest CAGR of 8.3% during the forecast period.
- United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 3.5 Bn during 2022 – 2032.
- The market in U.S is set to experience the highest CAGR of 6.6% during the 2022-2032 forecast period.
Competitive Landscape
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 Stadium Security market include:
- In May 2021, Cisco acquired Kenna Security, a risk-based vulnerability management platform provider. It will enable Cisco offer its customers to collaborate cross-functionally to quickly discover, prioritize, and remediate cyber hazards.
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.
- In September 2021, Dallmeier, a provider of video security equipment in Germany announced that their Panomera multifocal sensor cameras have been seamlessly integrated into the Breakthrough XProtect video management software (VMS). The connection adds new possibilities for seeing and monitoring broad areas and massive geographical contexts to XProtect users.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Stadium Security Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Stadium Security Market in terms of Components (Hardware, Software, Services), Sales Channel (Channel Partners, Direct Sales, Others), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).
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Market Segments Covered in Stadium Security Market Analysis
By Component:
- Hardware
- Access Control Systems
- Video Surveillance Systems
- Others
- Software
- On-Premise Based
- Cloud Based
- Services
- Installation and Maintenance
- Others
By Sales Channel:
- Channel Partners
- Direct Sales
- Others
By Region:
- North America Stadium Security Market
- Europe Stadium Security Market
- Asia Pacific Stadium Security Market
- Middle East and Africa Stadium Security Market
- Latin America Stadium Security Market
