According to a new market report published by Transparency Market Research titled “Stadium security Market [Components – Hardware (Access Control Systems, Video Surveillance Systems, Others), Software (On-premise, Cloud), and Services (Installation and Maintenance services, Others); Sales Channel – Channel Partners, Direct Sales, Others] – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025”, the global stadium security market is expected to reach US$ 20,204.5 Mn by 2025. The market is projected to expand at a CAGR of 12.74% during the forecast period from 2017 to 2025. The research report has attributed this growth to be driven by the need of stadium security for the safety of the spectators, increased threats from the terrorist groups for the global sporting events, growing refurbishment of the various stadiums, and advancement in the technology pertaining the stadium security
Stadium safety and security are among the most important factors that needs to be considered when a new stadium is designed and constructed. Stadium security ensure the safety of patrons and fans from their arrival to their departure. Stadium security is very important to allow spectators to enjoy the event in a secure environment.
Stadium security is prominent in the European region, as it is the home for many global sporting events such as Union of European Football Associations (UEFA) tournament, premier league tournament, Euro football cup along with the upcoming Russia football world cup 2018. Number of football fans visit European stadiums to watch the game of football and they should be able to enjoy the game without any concerns about their safety. Terrorist attacks such as 2015 France terror attacks are growing across the European region, causing severe threat to the public security at the stadium. For instance, in May 2017, a suicide bombing at a crowded pop concert in Manchester killed and injured several people. To avoid such kind of severe terrorist attacks, government across the European region increased the security for international events. For instance, in September 2017, The English Football Association from Russia announced that, it will increase the cyber security for the 2018 World Cup in Russia after hacking attacks by a group suspected. Europe is projected to grow at a CAGR of 12.50% during the forecast period.
Stadium security market has gained popularity in Asia Pacific, largely due to the adoption of stadium security equipment by various stadiums across the countries such as China, India, and Australia. For instance, in October 2017, Assam Cricket Association (ACA) reported that they have increased the stadium security for the international match between India and Australia in Guwahati. Nearly 400 closed-circuit television (CCTV) cameras were installed at the Stadium to keep tabs on the entire stadium and its premises. Furthermore, it helps in monitoring the goons and provide emergency service in need. Australia is the growing market for stadium security domain, as the country beefed up the stadium security to combat any terror attack or any kind of contingencies. For instance, in September 2017, officials from the Perth Stadium revealed the new security measures for the stadiums. These measures consist of full body scans before arriving at the stadium, random metal detection checks at events using handheld wands, and the CCTV to monitor the crowd. Asia Pacific region is projected to grow at a CAGR of 13.03% during the forecast period.
Stadium security is growing in North America region, as the major economies including the U.S. and Canada are always on a target list of the terrorist. The U.S authorities are very stringent with the security of their stadiums. For instance, in September 2017, the security company Monterrey Security for the U.S. bank stadium, has been fired after the detailed investigation. The investigation done by the stadium authorities found that the firm failed to comply with requirements of the state licensing for its employees because of some regulatory and commercial hurdles. Furthermore, in September 2016, the Carolina panthers reported the spending of more than US$ 3 million to upgrade a Bank of America Stadium security system. The security system includes bomb-sniffing dogs, and more than 100 new metal detectors. Additionally in April 2016, major league soccer (MLS) announced the provision of enhanced security for all the sporting league events from North American. The new enhanced security includes, innovative screening methods upon stadium entry at all the matches. North America is expected to grow at a significant CAGR of 13.65% during the forecast period.
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Stadium security market is projected to grow at a CAGR of 11.80 % in the Middle East and Africa region. The demand for stadium security is expected to rise due to the increasing stadium security across the economies including GCC countries and South Africa. For instance, Qatar prepared robust security plans for the upcoming football world cup 2022. The stadium authorities installed various stadium alert system across the stadium, also the organizers of the event have agreed Britain to work with safety agencies for the security of stadiums during the tournament. Furthermore, rising terrorism and other security concerns due to the presence of large oil rigs and upcoming events such as football world cup 2022 is projected to boost the demand for the stadium security products. South Africa is also showing positive trend for the global stadium security market, as many stadiums are in a process of renovation to put the additional security measures. For instance, in June 2017, Cricket South Africa (CSA) announced plans to invest US$ 27 Million to renovate several stadiums for its planned high-profile Twenty20 league. This up gradation will include the new security system, artificial lighting systems, and among others.
Though South America is anticipated to experience a sluggish growth rate in global stadium security market, Brazil is expected to witness increased demand for stadium security in near future. This growth is attributable to the implementation of stadium security systems for the major international events. For instance, in August 2016, International Olympic Committee (IOC) appointed Chinese companies Zhejiang Dahua Technology and Nuctech to ensure the public safety for the Rio Olympic event by offering video surveillance equipment and X-ray inspection. The security for this Olympic game was more than double the security used in the previous Olympic game. Furthermore, in March 2016, government-owned stadium in Colombia deployed high resolution cameras and video management software as part of a security upgrade. This security upgrade would help to public safety agencies to combat vandalism and crime during any sporting events.
The key players profiled in this report include – Avigilon, AxxonSoft, BOSCH Security Systems, Genetec Inc., Dallmeier, Honeywell International Inc., NEC Corporation, Rapiscan Systems, CISCO Systems Inc., and Intel Corporation