Stadium Security Market Registers an Impressive 12.8% CAGR; Bosch Security Systems, together with Other Three Companies, is Leading the Market, finds Fortune Business Insights


The increasing number of sports events and concerts in stadiums is aiding expansion of the global stadium security market.  Fortune Business Insights in a report, titled “Stadium Security: Global Market Analysis, Insights and Forecast, 2018-2025” published the above information. The report offers exclusive insights into the market. The rising importance on public safety and security in stadiums is gaining importance across the world. This is compelling stadium owners to install well-equipped solid security system such as metal detectors, intrusion alarm systems, access control systems, CCTV cameras, and fire alarm systems. Over the past few years some unfortunate incidents have taken place in stadiums. Taking this into consideration, the stadium management decided to install facial recognition systems and restrict entry of troublemakers.

Sample PDF Brochurehttps://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/stadium-security-market-100310

According to the report, the global market was valued at US$ 6,236.9 Mn in the year 2017 and is expected to reach US$ 16,057.6 Mn by 2025. In addition to this, the global market is anticipated to exhibit a remarkable CAGR of 12.8% during the forecast period.

Stadium Seating Capacity Ranging from 30000-50000 Exhibits 13.4% CAGR
As per seating capacity, stadiums with capacity between 30000 and 50000 are anticipated to grow at a rapid pace. Furthermore, this range is expected to rise at a CAGR of 13.4% driven by rising number of events and concerts. On the other hand, stadiums with a capacity of less than 30000 seats are projected to account for the highest share in the global market. However, this segment is anticipated to exhibit a CAGR of 12.5% during the forecast period
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North America with Rising Number of Terrorist Attacks to Emerge Dominant
North America is expected to lead the global stadium security market in the forecast years. Predominantly, Canada and the U.S are on constant risk of terrorist attacks, which compels the stadium owners to adopt stadium security solutions. The market in this region was valued at US$ 2486.3 Mn as per revenue in 2017. Rapid technological advancements in stadium security systems and growing demand for maintaining stadium infrastructure are driving the market in North America.

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