Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.69 Billion | USD 8.08 Billion | 18.95% | 2023 |
Zion Market Research has published a report on the global Crowd Analytics Market, estimating its value at USD 1.69 Billion in 2023, with projections indicating that it will reach USD 8.08 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 18.95% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Crowd Analytics Market industry.
Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
The report gives a transparent view of the crowd analytics market. We have included a detailed competitive scenario and portfolio of leading vendors operative in the crowd analytics market. To understand the competitive landscape in the crowd analytics market, an analysis of Porter’s Five Forces model for the crowd analytics market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
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. The data can be generated through cameras, sensors, telecom operators, and mobile phones.
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. The development of cloud and cloud-based storage has facilitated the storage of video surveillance on the cloud, which will provide vast opportunities for the crowd analytics market in the years ahead.
The study provides a crucial view of the crowd analytics market by segmenting it based on component, deployment mode, application, industry vertical, and region.
By Component Analysis Segment includes Standalone Solution and Services.
By Application Analysis Segment includes Customer Management, Marketing Campaign Measurement, Market Forecasting, Pricing Analytics, Revenue Optimization, Incident Response and Alerting.
By Deployment Mode Analysis Segment includes Cloud and On-Premises.
By End-Use Industry Segment includes IT and Telecom, Aerospace and Defense, Healthcare and Life Sciences, Consumer Goods and Retail, Automotive, Others.
The Industry Vertical Analysis segment includes Consumer Packaged Goods and Retail, Travel and Tourism, Transportation, Media and Entertainment, Public Safety, Healthcare and Life Sciences, BFSI.
The Regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.
All the segments of the crowd analytics market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
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.
Report Attributes | Report Details |
---|---|
Report Name | Crowd Analytics Market |
Market Size in 2023 | USD 1.69 Billion |
Market Forecast in 2032 | USD 8.08 Billion |
Growth Rate | CAGR of 18.95% |
Number of Pages | 138 |
Key Companies Covered | Nokia, Walkbase, NEC Corporation, Spigit, Wavestore, CrowdANALYTIX, Securion Systems, Sightcorp, AGT International, Crowd Vision, Geodan Next, Crowd Dynamics International, Savannah Simulations, and Mira |
Segments Covered | By component, By deployment mode, By application, By industry vertical and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
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
FrequentlyAsked Questions
The report gives a transparent view of the crowd analytics market. We have included a detailed competitive scenario and portfolio of leading vendors operative in the crowd analytics market. To understand the competitive landscape in the crowd analytics market, an analysis of Porter’s Five Forces model for the crowd analytics market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The Crowd Analytics Market was valued at USD 1.69 Billion in 2023.
The Crowd Analytics Market is expected to reach USD 8.08 Billion by 2032, growing at a CAGR of 18.95% between 2024 to 2032.
Global Crowd Analytics Market players such as Nokia, Walkbase, NEC Corporation, Spigit, Wavestore, CrowdANALYTIX, Securion Systems, Sightcorp, AGT International, Crowd Vision, Geodan Next, Crowd Dynamics International, Savannah Simulations, and Mira.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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