Crowd Analytics Market Expected to Reach USD 5.7 Billion by 2030 | Top Players Such as - Crowd Dynamics, Crowd Vision Limited, GEODAN & MIRA

According to the report published by Allied Market Research, The Crowd Analytics Market Expected to Reach USD 5.7 Billion by 2030 | Top Players Such as - Crowd Dynamics, Crowd Vision Limited, GEODAN & MIRA. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.

Significant drivers for the growth of the crowd analytics market are rise in popularity for proficient group conveyance arranging in vibrant urban communities, increase in the number of carriers & train travelers, rise in concerns about safety & observation, and development in IoT appropriation across a few industry verticals. However, lack of IT infrastructure in developing nations restrains the growth of the global crowd analytics industry. On the contrary, the growth in market appeal of business intelligence solutions that examine behavioral patterns of any product or service helps organizations to plan for long-term success is expected to boost the crowd analytics market growth in future.

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The crowd analytics market is segmented on the basis of solution, deployment model, application, end user, and region. By solution, the market is differentiated into software and service. Depending on deployment model, it is fragmented into on-premise and cloud. According to application, it is classified into safety & security, crowd flow management, mobility & tracking, and others. As per end-user segment it is categorized into transportation, retail, hospitality & tourism, and others.

On-premise segment acquired the major share of crowd analytics market. The on-premises deployment mode is used by large enterprises, as it involves significant investment to implement and purchase interconnected hardware, servers, and software to manage the system. Hospitality and tourism segment is expected to exhibit fastest growth rate. Increase in national and multicultural tourists has led to need for smooth hospitality and people management in the tourism industry.

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Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The global crowd analytics 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.

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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.

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