Threat of Sport Events Accelerate Stadium Security Market
May 25, 2012
Current security spending on global sports in US$2 billion from cities, teams and schools worldwide, according to ESPN. In emerging markets, more cities are hosting large sports events.
Sporting events are highly susceptible to volatility. One contributing factor is the emotional state of the crowds. People are highly invested in the victory of their preferred teams. These emotions are often further intensified by those around, and sometimes the influence of alcohol, as many an American football game attendee will attest to. Sometime these emotions can lead to destructive behavior. In 2010, the Canadian city of Vancouver saw rioting following the home team loss of a championship hockey game.
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