Global Crowd Analytics Market By Component (Solution and Services), Application (Safety and Security, Crowd Flow Management, Mobility and Tracking, Campaign Planning, Customer Management, Marketing Campaign Measurement, Market Forecasting, Pricing Analytics, Revenue Optimization, Incident Response and Alerting and Others), Deployment Mode (Cloud Based, Hybrid and On- Premises), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), End User Industry (Consumer Packaged Goods and Retail, Travel and Tourism, Transportation, Media and Entertainment, Public Safety, Healthcare and Life Sciences, Banking, Financial Services and Insurance and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Crowd Analytics Market
Data Bridge Market Research analyses that the crowd analytics market will exhibit a CAGR of 24.73% for the forecast period of 2021-2028. Rising demand for better crowd distribution planning in smart cities, rising need to understand the consumer buying behaviour and increased adoption of advanced technological solutions such as artificial intelligence and machine earning are the major factors attributable to the growth of crowd analytics market. This means that the market value would stand tall by USD 5460.40 million by 2028.
In simple terms, analytics is an examination or analysis of data. This done with the help of sophisticated techniques and tools such as artificial intelligence, data mining, machine learning, semantic analysis, neural networks and multivariate statistics. Analytics offers effective decision making and improves the efficiency of operations. Thus, crowd analytics can be defined as collection of information pertaining to the crowd’s behaviour in particular areas such as retail stores, airports, restaurants and others.
Rising expenditure for research and development activities on crowd analytics is generating lucrative growth opportunities for the market. Rising security threats and need for intelligent video systems will further induce growth in the crowd analytics market. Increased spending on analytics tools and solutions by small and medium scale enterprises is another factor fostering the growth of this market.
However, dearth of skilled professionals or trained personnel will pose a major challenge to the growth of crowd analytics market. Data security issues and privacy concerns will further create hurdles for the market growth. High initial investment will also derail the market growth rate.
This crowd analytics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on crowd analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Crowd Analytics Market Scope and Market Size
The crowd analytics market is segmented on the basis of component, application, deployment mode, organization size and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the crowd analytics market is segmented into solution and services. Services segment is sub-segmented into professional services and managed services. Professional services segment is further sub-segmented into system integration, training and education, support and maintenance and consulting.
- On the basis of application, the market is segmented into safety and security, crowd flow management, mobility and tracking, campaign planning, customer management, marketing campaign measurement, market forecasting, pricing analytics, revenue optimization, incident response and alerting and others.
- On the basis of deployment mode, the crowd analytics market is segmented into cloud based, hybrid and on- premises.
- On the basis of organization size, the crowd analytics market is segmented into small and medium-sized enterprises and large enterprises.
- On the basis of end user industry, the crowd analytics market is segmented into consumer packaged goods and retail, travel and tourism, transportation, media and entertainment, public safety, healthcare and life sciences, banking, financial services and insurance and others.
Global Crowd Analytics Market Country Level Analysis
The crowd analytics market is analysed and market size, volume information is provided by country, component, application, deployment mode, organization size and end user industry as referenced above.
The countries covered in the crowd analytics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America holds a prominent share in the global crowd analytics market owing to the earliest adoption of advanced technological solutions such as artificial intelligence and machine learning. Also, the dominance is a result of prevalence of major key players spread across countries in this region. USA and Canada have emerged to be the major contributors owing to the increased focus of the companies on innovations obtained from research and development and technological up gradations. Asia-Pacific on the other hand is projected to score the highest CAGR for the forecast period owing to increased need and demand for business intelligence solutions.
The country section of the crowd analytics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Crowd Analytics Market Share Analysis
The crowd analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to crowd analytics market.
The major players covered in the crowd analytics market report are AGT, Ltd., Nokia, NEC Corporation, Walkbase, Spigit, Inc., Wavestore, Savannah Simulations., CrowdANALYTIX, Securion Systems , Crowd Dynamics , Sightcorp., Crowd Vision Limited, GEODAN, DFRC, iOmniscient, HORIBA MIRA Ltd, Regal Decision Systems., Dynamic Crowd Measurement, Vision Technologies and Ipsotek Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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