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.
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. 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.
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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. 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.
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 passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.
In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.
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It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.
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.
Key players profiled in the report
AGT International GmbH
Crowd Dynamics International
Crowd Vision Limited
Geodan Next
Mira
NEC Corporation
Nokia Corporation
Savannah Simulations AG
Spigit, Inc.
Walkbase
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)
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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
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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