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.
Albany, NY -- (SBWIRE) -- 01/04/2018 -- 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 a high risk of terrorist attacks at the venue, which poses a serious threat to human life. Stadium is such kind of place, where huge events are organized, thus, the security of the stadium is a vital element. Recently, Market Research Hub (MRH) has publicized a study titled "Stadium Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025" to its online repository, which finds that the increasing frequency of the sports events taking place across the world is the primary driver for the stadium security market. The study provides a holistic perspective on global stadium security market growth in terms of revenue estimates (in US$ Mn) globally. Major regions covered in the study include Europe, Middle East and Africa (MEA), North America, APAC, and South America.
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As per the study key outcomes, the overall value of the global stadium security market in 2016 was at US$6.94 bn. While exhibiting an impressive CAGR of 12.74%, the global market is expected to reach US$20.20 bn by the end of 2025. In order to ascertain safety of visitors and help them enjoy improved spectator experience, the installation of security systems has expressively increased. Presently almost every big stadium around the world is equipped with state-of-art security systems, which consists of however is not limited to CCTV cameras, access control systems, fire alarms, metal detectors, intrusion alarms, and other advanced systems.
Rising Threat of Terrorist Attack Encourage Installation of Stadium Security
Another driver that is contributing to the growth of the market is the technical advancements relating to the stadium security. In order to gain edge over competition, the companies operating in the global stadium security market are toying with diverse growth strategies such as mergers and acquisitions, product development, collaborations and partnerships, and others.
In terms of geographical expansion, 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.
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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. Of these, Video surveillance segment is expected to hold the highest revenue share for the global stadium security market in 2025. By sales channel, the stadium security market is segmented into channel partner, direct sales, and others.
Later, the competitive scenario among different market players is assessed through market share analysis in the competitive landscape section of the report. This subsequent section profiles key players operating in the insulin pumps market which are Honeywell International Inc., Avigilon Corporation, AxxonSoft, Rapiscan Systems, BOSCH Security Systems, Genetec Inc., Dallmeier, NEC Corporation, CISCO Systems Inc., and Intel Corporation.
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