Global Stadium Security Market to Rise to 16057 USD by 2025

Global Stadium Security Market to Rise to US$ 16057.6 Mn by 2025

A report by Fortune Business Insights projects the global stadium security to grow rapidly over the next few years. The analysis estimates that the United States and Canada will lead the charge, with the Asia Pacific experiencing high growth as well.

  • By Kaitlyn DeHaven
  • Jun 19, 2019

A report released by Fortune Business Insights this week anticipates the Stadium Security Market to grow rapidly during the next few years. The report, titled “Stadium Security Market: Global Market Analysis, Insights and Forecast, 2018-2025” stated that there is a rising importance associated with stadium security due to the multitude of sports events and concerts that are held in stadiums.

The growth will include the installation of some solid security systems such as metal detectors, intrusion alarm systems, access control systems, CCTV cameras, and fire alarm systems. These will be put in place to deter and hopefully halt the growth of security incidents that occur in stadiums.

In 2017, the global market for stadium security was valued at US$ 6,236.9 Mn, and by 2025, it is forecasted to reach US$ 16,057.6 Mn. During this period, the global market is expected to exhibit a CAGR of 12.8%.

While stadiums with a capacity of less than 30,000 seats are expected to take the highest share in the global market, stadiums with seating capacity ranging from 30,000 to 50,000 are anticipated to rise at the largest CAGR – 13.4%. Moreover, as they are currently at the highest risk for terrorist attacks, the United States and Canada are predicted to lead the global stadium security market in the next few years, with the Asia Pacific market following behind.

Furthermore, IoT integration is expected to be placed in more stadiums as this market grows. A lead analyst at Fortune Business Insights said that these upgrades will offer a more pleasant spectator stadium experience.

“Technological advancements such as adoption of internet of things (IoT) in stadium security systems is expected to enhance the spectator experience,” he said. “Upgradation of stadium security plan can offer a convenient and personalized experience to spectators and simultaneously ensures complete security.”

About the Author

Kaitlyn DeHaven is the Associate Content Editor for the Infrastructure Solutions Group at 1105 Media.

Featured

  • The Future is Happening Outside the Cloud

    For years, the cloud has captivated the physical security industry. And for good reason. Remote access, elastic scalability and simplified maintenance reshaped how we think about deploying and managing systems. But as the number of cameras grows and resolutions push from HD to 4K and beyond, the cloud’s limits are becoming unavoidable. Bandwidth bottlenecks. Latency lags. Rising storage costs. These are not abstract concerns. Read Now

  • The Impact of Convergence Between IT and Physical Security

    For years, the worlds of physical security and information technology (IT) remained separate. While they shared common goals and interests, they often worked in silos. Read Now

  • Unlocking Trustworthy AI: Building Transparency in Security Governance

    In situations where AI supports important security tasks like leading investigations and detecting threats and anomalies, transparency is essential. When an incident occurs, investigators must trace the logic behind each automated response to confirm its validity or spot errors. Demanding interpretable AI turns opaque “black boxes” into accountable partners that enhance, rather than compromise, organizational defense. Read Now

  • Seeking Innovative Solutions

    Denial, Anger, Bargaining, Depression and Acceptance. You may recognize these terms as the “5 Phases” of a grieving process, but they could easily describe the phases one goes through before adopting any new or emerging innovation or technology, especially in a highly risk-averse industry like security. However, the desire for convenience in all aspects of modern life is finally beginning to turn the tide from old school hardware as the go-to towards more user-friendly, yet still secure, door solutions. Read Now

  • Where AI Meets Human Judgment

    Artificial intelligence is everywhere these days. It is driving business growth, shaping consumer experiences, and showing up in places most of us never imagined just a few years ago. Read Now

Most   Popular

New Products

  • Camden CV-7600 High Security Card Readers

    Camden CV-7600 High Security Card Readers

    Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure.

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.

  • Unified VMS

    AxxonSoft introduces version 2.0 of the Axxon One VMS. The new release features integrations with various physical security systems, making Axxon One a unified VMS. Other enhancements include new AI video analytics and intelligent search functions, hardened cybersecurity, usability and performance improvements, and expanded cloud capabilities