09-Oct-2019 | Zion Market Research
Zion Market Research has published a new report titled “Crowd Analytics Market By Component (Standalone Solution and Services), By Application (Customer Management, Marketing Campaign Measurement, Market Forecasting, Pricing Analytics, Revenue Optimization, and Incident Response & Alerting), By Deployment Mode (Cloud and On-Premises), and By Industry Vertical (Consumer Packaged Goods & Retail, Travel & Tourism, Transportation, Media & Entertainment, Public Safety, Healthcare & Life Sciences, and BFSI): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global crowd analytics market was USD 591 million in 2018 and is expected to reach approximately USD 2,784 million by 2025, at a CAGR of slightly above 24.9% between 2019 and 2025.
Crowd analytics refers to the study of behavior and movement of the crowd in mass gatherings. Crowd analytics can be used in various premises, such as malls, railway stations, metros, and retail stores. The main aim of crowd analytics is to generate revenue for the business by studying the choices and needs of the masses.
Browse the full “Crowd Analytics Market By Component (Standalone Solution and Services), By Application (Customer Management, Marketing Campaign Measurement, Market Forecasting, Pricing Analytics, Revenue Optimization, and Incident Response & Alerting), By Deployment Mode (Cloud and On-Premises), and By Industry Vertical (Consumer Packaged Goods & Retail, Travel & Tourism, Transportation, Media & Entertainment, Public Safety, Healthcare & Life Sciences, and BFSI): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/crowd-analytics-market
The crowd analytics market is anticipated to grow substantially in the upcoming years, owing to the escalating security threats, rising terrorist attacks, and growing inflation in the crime rates has raised the concerns of defense bodies. Moreover, the implementation of smart city projects in North America, Asia Pacific, and Europe is also expected to support the crowd analytics market over the forecast timespan. The elevation in investments in the analytical tools and solutions across the globe will also propel the crowd analytics market in the future. However, the setup cost of video analytics that is an important element for the study of crowd analytics is relatively high, which may hinder the crowd analytics market over the forecast timespan. Moreover, intensive planning, installing, and configuration of software globally are also driving the crowd analytics market significantly.
By component, the crowd analytics market is bifurcated into standalone solution and services (professional and managed services). The services segment is estimated to grow exponentially in the future, owing to the elevating need for managing the gathered data. Customer management, market forecasting, marketing campaign measurement, pricing analytics, incident response and alerting, and revenue optimization constitutes the application segment of the market. Crowd analytics enables the study of customer response and alerts the organization about them, and the effects expected in the future. An early alerting process can enable organizations to take effective measures. If the content needs to be fixed, crowd analytics processes alert to the organization. Thus, the process of response and alerting as the application of crowd analytics is projected to propel this market in the upcoming years.
North America is projected to grow exponentially in the upcoming years, owing to the developed economies of the U.S. and Canada, which focus on innovations in the field of R&D and technology. Moreover, the elevating regional adoption of cloud analytics is further anticipated to boost the North American crowd analytics market in the upcoming years.
Some noticeable players of the crowd analytics market are Nokia, Walkbase, NEC Corporation, Spigit, Wavestore, CrowdANALYTIX, Securion Systems, Sightcorp, AGT International, Crowd Vision, Geodan Next, Crowd Dynamics International, Savannah Simulations, and Mira.
This report segments the global crowd analytics market into:
Global Crowd Analytics Market: Component Analysis
Global Crowd Analytics Market: Application Analysis
Global Crowd Analytics Market: Deployment Mode Analysis
Global Crowd Analytics Market: Industry Vertical Analysis
Global Crowd Analytics Market: Regional Analysis
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