What is Stadium Security Market?
The stadiums can often be a target of violence, terrorist attacks, and other crimes. Thus the security plays an essential role to protect people from incidents. Changing preferences and increasing disposable income led people to attend sports events for entertainment and support their favorite players or teams in particular games. Technological advancements like a video surveillance systems, scanners, access control systems, and many more allow providing enhanced security in the crowded stadium.
The market study is being classified and major geographies with country level break-up.
NEC Corporation (Japan), Robert Bosch (Germany), Honeywell International (United States), Cisco Systems (United States), Genetec Inc. (Canada), Rapiscan Systems (United States), AxxonSoft (United States), Avigilon (Canada) and Dallmeier (Germany) are some of the key players profiled in the study.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Stadium Security market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Stadium Security market by Type, Application and Region.
On the basis of geography, the market of Stadium Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand to Improve Security at Stadiums Due to Growing Terrorist Attacks and Crimes
- Growing Trend to Attend Sports Events and Concerts for Entertainment Purpose
Market Trend
- High Adoption of Advanced Technologies for Mass Scanning and AI-Based Video Surveillance System
Restraints
- Inadequate Funding and Privacy Concerns Due to Biometric Tracking
Opportunities
- Developments and Construction of New & Smart Stadiums with More Seating Capacity
Challenges
- Technical Problem in Access Control System or Metal Detector Solution Can Lead Breach of Security Protocol
In June 2021, Motorola Solutions launched an artificially intelligent video security solution to provide enhanced stadium security and keep safe athletes and fans. The solution is used to detect a wide range of concealed weapons and threats, such as firearms, metallic weapons, and improvised explosive devices, on a visitor entering premises. It allows up to 3600 visitors to walk through one of the scanning systems per hour without having to conduct pat-downs or empty pockets.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Stadium Security Solution & Service Providers, Access Control Software Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others