Crowd Analytics Market 2021: Top Players, Emerging Demand, Business Profit Analysis, Revenue and Expansion Strategies by 2026

- Crowd analytics is an optimized business solution, which delivers insightful analysis of crowd mobility at mass gathering places, such as airport & railway terminals, city malls, retail stores, convention centers, stadium, and others. The data obtained from various sources, including closed circuit television camera (CCTV), commercial off-the-shelf camera, and first & third party consumer data are channelized through sophisticated artificial intelligence methods to present predictive crowd flow models and customer preference patterns.

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It helps to deliver information about crowd mobility, public queues, wait time, asset utilization, and occupancies, which improve operational efficiencies of retail and transport terminal authorities by controlling and monitoring the mass. Several international airports, retail malls, and city authorities have opted for crowd analytics solutions for various applications including infrastructure planning, people tracking & management, project cost estimation, and other public arrangements. In February 2017, Stansted Airport, the fourth busiest airport of the UK, implemented the crowd analytics technology to optimize real-time experience of passengers.

The global crowd analytics market is expected to witness significant growth during the forecast period, owing to rise in ICT spending by the government of the several developed and the developing regions including North America, Europe, and Asia-Pacific.

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In addition, surge in international and domestic travelers fuel the need to adopt crowd analytics to facilitate passenger management at various travel gateways, such as airport, railway, and metro terminals. In 2016, the Indian railways implemented intelligent video analytics at Chennai Central and Egmore railway stations to enable passenger control and monitoring.

According to the Airport Councils International, a 6.78% rise in airlines passengers was observed in 2016, as compared to that of 2015, which is anticipated to augment the market growth in the near future. However, lack of awareness and slow infrastructure development in the regions including Africa and Latin America are expected to hamper the crowd analytics market growth.

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The global crowd analytics market is segmented based on solution, deployment model, application, industry vertical, and geography. On the basis of solution, it is categorized into software and services. Considering deployment model, it is bifurcated into on-premise and cloud models. The applications areas of the crowd analytics industry are safety & security, crowd flow management, mobility & tracking, and others (campaign planning and customer engagement). Based on the industry vertical, it is divided into transportation, retail, hospitality & tourism, and others (government, marketing agency, and finance). The market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global crowd analytics market include AGT International GmbH, Crowd Dynamics International, Crowd Vision Limited, Geodan Next, Mira, NEC Corporation, Nokia Corporation, Savannah Simulations AG, Spigit, Inc., Walkbase, and others. These players have adopted strategies, such as geographical expansion, mergers & acquisitions, product portfolio expansion, and collaborations, to enhance their crowd analytics market penetration.

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KEY BENEFITS

The report provides in-depth market analysis of the global crowd analytics market, outlining the current trends, key driving factors, and potential areas for investments.
The key players have been analyzed with respect to their primary offerings, recent investments, and future development strategies.
Holistic approach of segmentation is carried out through our in-depth market study and discussions with several industry expertise globally.
The report provides highlights of the top investment pockets, key impacting factors, and wining strategies for the industry.
The key players positioning is derived with thorough consideration of their industry penetration, product expansion, and strategic developments in the recent years.

According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.

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This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).

KEY MARKET SEGMENTS

BY SOLUTION

Software
Service

BY DEPLOYMENT MODEL

On-premise
Cloud

BY APPLICATION

Safety & Security
Crowd Flow Management
Mobility & Tracking
Others (Campaign Planning and Customer Engagement)

BY END USER

Transportation
Retail
Hospitality & Tourism
Others (Government, Marketing Agency, and Finance)

BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.

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