According to the latest report published by Fact.MR, market research and competitive intelligence provider, the global stadium access control system market is estimated to surpass a market valuation of US$ 4.9 Bn in 2022.
Europe and North America have captured significant market shares of 23.6% and 35.8%, respectively, in 2022. These regions are expected to follow the same growth trajectory. Europe is estimated to gain 60 BPS and the North American market is likely to expand at a CAGR of 7.6% over the forecast period (2022-2032.
Football and other stadiums make extensive use of stadium access control systems. To attain perfect management of the stadium, companies are offering a wide range of software solely designed for stadiums. Growth in the number of football fans and rising participation in sports across stadiums have shaped market growth. This offers a great opportunity for foreign stadium access control system players to expand their business in the global market.
There are more than 4,500 stadiums across the world, wherein, up to 50,000 capacity stadiums are set to account for the highest growth rate of 9.2% over the decade.
Key Takeaways from Market Study
- The global stadium access control system market is projected to expand at a CAGR of 8.1% by value during the forecast period of 2022 – 2032.
- The market created an absolute $ opportunity of US$ 251.8 Mn during the historic period of 2017 – 2021.
- North America is projected to create the highest absolute $ opportunity of US$ 2 Bn over the forecast period.
- The services segment under solution is projected to surge ahead at a CAGR of 8.3% over the forecast period and account for a little over 1/5 of market share by 2032.
- Above 70,000 seating capacity stadiums accounted for 15% share of stadium access control system demand in 2021.
- Under solution, the software segment is projected to grow 2.2X during the forecast period and account for more than one-third of the market share by 2032.
“Rising infrastructure spending on development and renovation of stadiums is likely to create ample opportunities for market players over the forecast period,” says a Fact.MR analyst
Collaborative approach with stadiums has become a voguish strategy followed by various stadium access control system providers aiming to establish a strong customer base in the market. Few market players have strengthened their consumer base by streamlining their product lines as per end-user demand.
Sports stadiums are multipurpose venues, and every year, in such highly crowded places, there is high demand for security, safety, communication, and building automation. This will act as a winning strategy for stadium access control system solution providers.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global stadium access control system market, presenting historical demand data (2017-2021) and forecast statistics from 2022 to 2032.
The study divulges essential insights on the market based on solution (software (ticketing software (standalone), venue management software, dashboard and reporting software, ticketing, access, and venue management software, and all-in-one stadium management software), hardware (ticket printing systems, access validators/scanning devices, turnstile access systems, and controllers) and services (consulting services, installation & deployment services and support & maintenance services)) and seating capacity (below 30,000, up to 50,000, up to 70,000, and above 70,000), across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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