Global Stadium Security Market: Snapshot
The security of the stadiums is of paramount importance in the times of major events such as sports events, concerts, and other such public gathering events taking place in the stadiums. Handling a huge crowd of people is not an easy task as crowd outbursts, misbehavior by some of the spectators, and crimes are a common sight. Also, there is high risk of terrorist attacks at the venue, as there have been in the past including 2017 Manchester attack and 2015 Paris attack, which poses a serious threat to human life. In order to ensure the safety of the spectators and an enhanced spectator experience, the security of the stadium is a vital element. Every stadium is equipped with a solid security system which consists of and is not limited to access control systems, CCTV cameras, metal detectors, fire alarm systems, intrusion alarm systems, among others.
The increasing frequency of the sports events taking place across the world is the primary driver for the stadium security market. Such large scale events are attractive to the terrorists and extremists group of people. In order to ensure the safety of the citizens and give them an enhanced spectator experience, the safety and security of the stadiums is of pivotal importance. Another driver that is contributing to the growth of the market is the technological advancements pertaining to the stadium security. With the help of smart security systems, the safety agencies such as police and private security personnel can respond promptly and efficiently in cases of any emergency situations.
Channel Partner Segment to Contribute Significantly to the Market
The global stadium security market is segmented in terms of components into hardware, software, and services. The hardware segment is further categorized into access control systems, videos surveillance systems, and others. Others consist of staffing, stadium light poles, and bollards. The software segment is further segmented into on-premise based and cloud based software. Furthermore, the services segment is further classified into installation and maintenance services, and others. Others includes technical support, and training. Video surveillance segment from the hardware is expected to hold a highest revenue share for the global stadium security market in 2025, as majority of the stadiums across the globe deployed video surveillance systems for the comprehensive safety and security of the spectators and participants
By sales channel, the stadium security market is segmented into channel partner, direct sales, and others. Others segment includes retailors, online marketplaces, and outsourced sales. Deciding the correct sales channel can affect not only the company’s marketing strategies, but also the potential revenue of the businesses. The channel partner segment is expected to hold a significant revenue share of US$ 10,956.1 Mn during the forecast period. The channel partner segment consists of various participants including distributers and system integrators. Channel partner helps stadium security manufacturers in many way including providing installation and maintenance services, sales, brand and marketing support. Furthermore, it helps in gaining the additional revenues from current customers by meeting more of their related security needs. However, direct sales segment is expected to grow at a significant CAGR of 12.99 % during the forecasting period. This growth is mainly due to the growing trend of direct selling adopted by various stadium security products manufacturers. Direct sales provide many advantages to a company, for instance, a manufacturer can have a full control of the sales process and can manage the pipeline without any external party interference. Furthermore, direct selling means that the companies don’t have to share the revenues with a channel partner.
North America to Exhibit Lucrative Prospects during Forecast Period
North America is anticipated to grow at a significant CAGR of 13.65% over the forecast period as the major economies including the U.S. and Canada are predominantly on the target list of the terrorist. 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.
The key players profiled in this report include – Avigilon Corporation, AxxonSoft, BOSCH Security Systems, Genetec Inc., Dallmeier, Honeywell International Inc., NEC Corporation, Rapiscan Systems, CISCO Systems Inc., and Intel Corporation, among others.
Global Stadium Security Market: Overview
The “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”, report provides an in-depth analysis of the global stadium security market for the period 2017 – 2025, wherein 2016 is the base year, data for the year 2015 is considered as historical information and the years from 2015 to 2025 is the forecast period. The report also provides compound annual growth rate (CAGR %) from 2017 to 2025 for all the segments in the scope of study. The report covers key trends prevailing in the global stadium security market over the forecast period. The report also describes various factors impacting the global stadium security market growth during the forecast period including market drivers, restraints, and opportunities
Global Stadium Security Market: Scope of the Study
The study provides a holistic perspective on global stadium security market growth in terms of revenue estimates (in US$ Mn) globally. The market estimates have been analyzed by taking into account the impact of various economic, political, technological, social, and legal and the existing market dynamics influencing market growth. The report would also include executive summary, providing the overview of the global stadium security market. The report also provides industry development and key market indicators for the global stadium security market. Furthermore, report provides market attractiveness analysis, for each segment based on their CAGR and market share. The report also provide porter’s five forces analysis about the industry competition, market dynamics and the most profitable segments in the market. This research study on the global stadium security market provides a detailed cross segment and cross country analysis based on the different segments including components, and sales channels. Based on the components, the market is segmented into hardware, software, and services. The hardware segment is further bifurcated into video surveillance system, access control system, and others. Others consist of staffing, stadium light poles, and bollards. The software segment is further bifurcated into on-premise based and cloud based software. Furthermore, the services segment is bifurcated into installation & maintenance services, and others. Others include technical support, and training. Additionally, by sales channel, the stadium security market is segmented into channel partner, direct sales, and others. Others includes retailors, online marketplaces, and outsourced sales. The report also covers profiles of major players, their growth strategies and focuses on the recent developments under the competition matrix section and includes market positioning analysis of key players operating in the stadium security market.
Global Stadium Security Market: Competitive Outlook
The competition matrix for key players in the global stadium security market notes their capabilities and growth potential and also benchmarks the key companies in the global stadium security market on the basis of top line growth, market share, segment growth, infrastructure capabilities, market position, product offerings, R&D focus and future outlook.
Under the company profiles section, the report also includes an overview of the players operating in the market, the annual revenue generated by them in the past two or three years, SWOT analysis, regional breakdown and their relevant business segment revenue. The report also contains market share analysis of the key players in the stadium security market for the year 2016 based on their revenues generated for the same year.
The key players profiled in this report include – Avigilon Corporation, AxxonSoft, BOSCH Security Systems, Genetec Inc., Dallmeier, Honeywell International Inc., NEC Corporation, Rapiscan Systems, CISCO Systems Inc., and Intel Corporation
The global stadium security market has been segmented as follows:
Global Stadium Security Market, by Components
- Access Control Systems
- Video Surveillance Systems
- On-premise based
- Cloud based
- Installation and maintenance
Global Stadium Security Market, by Sales Channel
- Channel Partner
- Direct Sales
Global Stadium Security Market, By Geography
- North America
- The U.S.
- Rest of North America
- The U.K
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America