Crowd Analytics Market Size, Share, Prominent Players, Analysis, and Forecast 2031

U.S (New York) – New research study titled “Crowd Analytics Market” for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential. By leveraging accurate statistical research data provided by Report Ocean 2023 to 2031, your business can experience accelerated growth. This report also delves into PESTLE & SWOT analysis, Porter’s Five Forces Analysis, and provides crucial information including expenditure, costs, revenue, and end-users. With over 150+ pages, the document offers a comprehensive table of contents, 180+ figures, tables, charts, and insightful analysis.

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.

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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

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.

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.

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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.

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

Market Dynamics:

Surging air traffic: As the global aviation industry continues to expand, there is a corresponding increase in market demand.

Heightened emphasis on safety and reliability: The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.

Growing commitment to environmental sustainability: The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.

Escalating globalization: The growth of international trade and travel propels the demand for market solutions.

Increasing desire for private air transportation: The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.

Expanding utilization of digital fuel management systems: The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.

Advancements in fuel cell technology: Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.

Mounting demand for air cargo transportation: The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.

Rising defense budgets: Governments worldwide are augmenting their defense spending, leading to heightened market demand.

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