Process of evaluating data on the natural movement of people or objects is known as crowd analytics. Crowd monitoring analytics looks at how a group of people travels and when that pattern changes. The data is used by researchers to forecast future population movement and density as well as prepare reactions to prospective incidents that necessitate evacuation routes. Crowd analytics consists various applications, including video game crowd simulation and security & surveillance.
There is increase in expenditure on analytics tools and solutions, owing to rise in need for business intelligence (BI) solutions, which, in turn, drives the growth of the market. It has many applications in supply chain & logistics, BFSI, manufacturing, and retail, which are changing market dynamics. In addition, increase in demand for crowd analytics solutions among small and medium enterprises and large businesses fuels the growth of the crowd analytics market. However, the market's expansion is hampered by the hefty initial outlay. Cloud analytics is the process of analyzing data in a private or public cloud using analytic algorithms and then delivering the desired output, which requires high upfront costs. On the contrary, the market's growth is likely to be aided by increase in demand for solutions in the retail and FMCG industries in upcoming years. In addition, governments and defense agencies are increasingly concerned about the protection and security of critical infrastructure, commercial buildings, and public safety as criminal activity, terrorist attacks, and other security threats have increased, which are expected to provide lucrative opportunities for the market growth in the coming years.
The crowd analytics market is segmented on the basis of solution, deployment model, application, end user, and region. By solution, it is differentiated into software and service. Depending on deployment model, it is fragmented into on-premise and cloud. As per the application, it is classified into safety & security, crowd flow management, mobility & tracking, and others. According to the end-user, it is categorized into transportation, retail, hospitality & tourism, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global crowd analytics market analysis includes top companies operating in the market such as AGT International GmbH, Crowd Dynamics, Crowd Vision Limited, GEODAN, MIRA, NEC Corporation, Nokia Corporation, Savannah Simulations, Spigit, Inc. (Planview), and Walkbase (STRATACACHE). These players have adopted various strategies to increase their market penetration and strengthen their position in the global crowd analytics industry.
There is increase in expenditure on analytics tools and solutions, owing to rise in need for business intelligence (BI) solutions, which, in turn, drives the growth of the market. It has many applications in supply chain & logistics, BFSI, manufacturing, and retail, which are changing market dynamics. In addition, increase in demand for crowd analytics solutions among small and medium enterprises and large businesses fuels the growth of the crowd analytics market. However, the market's expansion is hampered by the hefty initial outlay. Cloud analytics is the process of analyzing data in a private or public cloud using analytic algorithms and then delivering the desired output, which requires high upfront costs. On the contrary, the market's growth is likely to be aided by increase in demand for solutions in the retail and FMCG industries in upcoming years. In addition, governments and defense agencies are increasingly concerned about the protection and security of critical infrastructure, commercial buildings, and public safety as criminal activity, terrorist attacks, and other security threats have increased, which are expected to provide lucrative opportunities for the market growth in the coming years.
The crowd analytics market is segmented on the basis of solution, deployment model, application, end user, and region. By solution, it is differentiated into software and service. Depending on deployment model, it is fragmented into on-premise and cloud. As per the application, it is classified into safety & security, crowd flow management, mobility & tracking, and others. According to the end-user, it is categorized into transportation, retail, hospitality & tourism, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global crowd analytics market analysis includes top companies operating in the market such as AGT International GmbH, Crowd Dynamics, Crowd Vision Limited, GEODAN, MIRA, NEC Corporation, Nokia Corporation, Savannah Simulations, Spigit, Inc. (Planview), and Walkbase (STRATACACHE). These players have adopted various strategies to increase their market penetration and strengthen their position in the global crowd analytics industry.
Key Benefits For Stakeholders
- The study provides in-depth analysis of the global crowd analytics market share along with current trends and future estimations to illustrate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the global crowd analytics market size are provided in the report.
- The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the global crowd analytics market.
- An extensive analysis of the key segments of the industry helps to understand the global crowd analytics market trends.
- The quantitative analysis of the global crowd analytics market forecast from 2021 to 2030 is provided to determine the market potential.
Key Market Segments
By Solutions
- Software
- Service
By Deployment Mode
- On-premise
- Cloud
By Application
- Mobility and Tracking
- Crowd Flow Management
- Safety and Security
- Others
By End User
- Retail
- Transportation
- Hospitality and Tourism
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- AGT INTERNATIONAL GMBH
- CROWD DYNAMICS INTERNATIONAL
- CROWD VISION LIMITED
- GEODAN NEXT
- MIRA
- NEC CORPORATION
- NOKIA CORPORATION
- SAVANNAH SIMULATIONS AG
- SPIGIT
- WALKBASE
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CROWD ANALYTICS MARKET, BY SOLUTIONS
CHAPTER 5: CROWD ANALYTICS MARKET, BY DEPLOYMENT MODE
CHAPTER 6: CROWD ANALYTICS MARKET, BY APPLICATION
CHAPTER 7: CROWD ANALYTICS MARKET, BY END USER
CHAPTER 8: CROWD ANALYTICS MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Crowd Analytics Market,' the crowd analytics market size was valued at $912.68 million in 2020, and is estimated to reach $5.7 billion by 2030, growing at a CAGR of 20.4% from 2021 to 2030.By deployment model, the cloud segment is expected to grow a fastest CAGR during the crowd analytics market forecast period. The cloud-based deployment model does not involve capital cost and is low on maintenance requirements. Hence, it is mostly preferred by SMEs. Direct IT control, internal data delivery & handling, faster data processing, efficient resource utilization, and cost effectiveness of cloud deployment are some of the advantages offered by this model, which are anticipated to boost the 0 market growth.
Region wise, North America dominated the market in 2020, and is expected to maintain this trend during the forecast period. The market is driven by factors, such as market developments, strong economic growth, ongoing commercialization, and increased in ICT spending by government on various projects including, home land security, tourism, and other people management programs.
The global economy has suffered as a result of COVID-19's resurgence. Crowd analytics market trends from a few industrial verticals have resulted in significant financial losses, owing to the lockdowns imposed by governments throughout the globe to prevent further spread of the contamination. Retail outlets; stores; shopping malls; workplaces & working environments; transportation frameworks such as aircraft, rail, street, ; motels; restaurants; bars & clubs; schools; universities; and colleges are significantly impacted. In addition, public gatherings have been kept to minimum. However, restrictions are gradually being relaxed to aid the recovery of the affected regions and to re-energize the global economy. This is expected to support the growth of crowd analytics industry in future.
Key findings of the Study
- By solution, the software segment led the highest crowd analytics market share, in terms of revenue in 2020.
- On the basis of end user, the transportation segment is expected to exhibit the fastest growth rate during the forecast period.
- Region wise, North-America generated the highest revenue in 2020.
Companies Mentioned
- AGT INTERNATIONAL GMBH
- CROWD DYNAMICS INTERNATIONAL
- CROWD VISION LIMITED
- GEODAN NEXT
- MIRA
- NEC CORPORATION
- NOKIA CORPORATION
- SAVANNAH SIMULATIONS AG
- SPIGIT
- WALKBASE
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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