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Surge In Airline And Train Passengers Fuels Growth In Crowd Analytics Market: A Significant Driver Propelling The Crowd Analytics Market In 2025
Crowd Analytics Market Size
What Is the Crowd Analytics Market Size and Projected Growth Rate?
Over the past few years, the crowd analytics market size has witnessed rapid expansion. It is anticipated to amplify from $1.57 billion in 2024, reaching $1.89 billion in 2025, reflecting a compound annual growth rate (CAGR) of 20.5%. The historical surge in growth is connected to an increase in urban populations, the emergence of smart cities, innovations in sensor technology, heightened concerns about safety, the requirement for personalized interactions, and the broadening of the event management industry.
The market size of crowd analytics is predicted to witness marked escalation over the upcoming years, expected to surge to $3.94 billion by 2029 with a compound annual growth rate (CAGR) of 20.2% . The surge during the projection period is chiefly attributed to factors such as the rising implementation of Artificial Intelligence and machine learning, amplified utilization of IoT gadgets, focus on public safety and security, requirement for data-guided decision making, increased spending on smart infrastructure, and improved analytics competencies. Forward-looking trends for the forecast period encompass the amalgamation of sophisticated analytics with AI, venturing into untapped sectors like retail and transportation, concentration on real-time data processing, upswing in mobile and cloud-based resolutions, greater stress on privacy and data safeguarding, coupled with the emergence of multi-sensor data fusion.
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What Are the Major Segments in the Crowd Analytics Market?
The crowd analytics market covered in this report is segmented -
1) By Component: Solution; Services
2) By Deployment Model: On-Premise; Cloud
3) By Application: Revenue Forecasting; Incident Analytics; Customer Management; Market Forecasting
4) By Vertical: Banking, Financial Services, And Insurance; Retail And Consumer Goods; Manufacturing; Information Technology (IT) And Telecommunications; Media And Entertainment; Other Verticals
Subsegments:
1) By Solution: Data Collection Tools; Data Analysis and Visualization Software; Real-Time Monitoring Solutions; Predictive Analytics Solutions; Reporting and Dashboard Tools
2) By Services: Consulting Services; Implementation Services; Training and Support Services; Maintenance and Upgrades; Managed Services
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What Are The Driving Crowd Analytics Market Evolution?
The crowd analytics market is poised for growth, driven by the increasing number of people traveling by air and train. Airline passengers are those who use air travel, counted during boarding and deboarding at an airport, while train passengers are counted at the station when they get on or off a train. The surge in airline and train passengers can be linked to the easing of pandemic-related travel restrictions, which led to a spike in the need for travel and better availability of services. Also, better transportation choices and fewer issues like strikes have resulted in an increase in passenger figures across both sectors. In the airline and rail industries, crowd analytics is employed to streamline passenger flow management, enhance safety measures, and boost operational efficiency by examining live data on crowd density and movement. For instance, the UK's Office of Road and Rail (ORR), reported a significant increase of 20% in rail passenger journeys in Great Britain, from 348 million to 417 million between October and December 2023, as compared to the previous year in the same quarter. From January 2022 to December 2023, the total annual journeys amounted to nearly 1.57 billion. Thus, it can be inferred that the upsurge in the number of airline and train passengers is fuelling the expansion of the crowd analytics market.
Which Firms Dominate The Crowd Analytics Market Segments?
Major companies operating in the crowd analytics market are Microsoft Corporation, Verizon Communications Inc., Amazon Web Services Inc. (AWS), International Business Machines Corporation (IBM), Nokia Corporation, NEC Corporation, Hikvision Digital Technology Co. Ltd., Axis Communications AB, INRIX Inc., CrowdFlower Inc., Crowd Dynamics International, Aeris Communications Inc., LÜLA Technologies Inc., Crowdanalytix Inc., Vivacity Labs, Cepton Technologies Inc., Securion Systems Inc., Wavestore Limited, NATIX Inc., Auquan, CircleUp Networks Inc., Sightcorp, Spigit Inc., Indoor Lab Inc.
What Trends Are Expected to Dominate the Acquired Autoimmune Hemolytic Anemia Market in the Next 5 Years?
In the crowd analytics market, top-notch companies are concentrating on amalgamating computer vision and machine learning technologies like crowd sense collector sensors to boost immediate insight into crowd behavior and sharpen decision-making methods. The crowd sense collector sensor, which relies on mobile Wi-Fi signals to identify, count, and analyze the behavior, density and movement of crowds, offers real-time data. For example, Visual Solutions UK Limited, a tech firm based in the United Kingdom, unveiled the advanced crowd sense collector sensor for live measurement and analysis of crowds in June 2023. This revolutionary gadget can seamlessly mesh with any setting using mobile Wi-Fi signals to detect and tally crowds, thereby delivering precious insights into crowd behaviors, densities and movements. Consequently, monitoring and managing crowd dynamics becomes more effective, supplying practical data to fine-tune safety and operational plans.
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Which Is The Largest Region In The Crowd Analytics Market?
North America was the largest region in the crowd analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the crowd analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Crowd Analytics Market?
2. What is the CAGR expected in the Crowd Analytics Market?
3. What Are the Key Innovations Transforming the Crowd Analytics Industry?
4. Which Region Is Leading the Crowd Analytics Market?
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