Crowd Analytics Market Key Growth Factors and Opportunity Analysis by 2030

Rise in popularity for proficient group conveyance arranging in vibrant urban communities, increase in the number of carriers & train travelers, rise in concerns about safety & observation, and development in IoT appropriation across a few industry verticals. However, lack of IT infrastructure in developing nations restrains the growth of the global Crowd Analytics Market.

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The crowd analytics market is segmented on the basis of solution, deployment model, application, end user, and region. By solution, the market is differentiated into software and service. Depending on deployment model, it is fragmented into on-premise and cloud. According to application, it is classified into safety & security, crowd flow management, mobility & tracking, and others. As per end-user segment it is categorized into transportation, retail, hospitality & tourism, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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By deployment model, the cloud segment is expected to grow a fastest CAGR during the crowd analytics market forecast period. The cloud-based deployment model does not involve capital cost and is low on maintenance requirements. Hence, it is mostly preferred by SMEs. Direct IT control, internal data delivery & handling, faster data processing, efficient resource utilization, and cost effectiveness of cloud deployment are some of the advantages offered by this model, which are anticipated to boost the 0 market growth.

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Region wise, North America dominated the market in 2020, and is expected to maintain this trend during the forecast period. The market is driven by factors, such as market developments, strong economic growth, ongoing commercialization, and increased in ICT spending by government on various projects including, home land security, tourism, and other people management programs.The key players include AGT International GmbH, Crowd Dynamics, Crowd Vision Limited, GEODAN, MIRA, NEC Corporation, Nokia Corporation, Savannah Simulations, Spigit, Inc. (Planview), and Walkbase (STRATACACHE).

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Key findings of the study :

• By solution, the software segment led the highest crowd analytics market share, in terms of revenue in 2020.
• On the basis of end user, the transportation segment is expected to exhibit the fastest growth rate during the forecast period.
• Region wise, North-America generated the highest revenue in 2020.  

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