What is Crowd Management Market?
Crowd management is a solution that conveys an insightful analysis of the crowd mobility at gathering places like the sports stadium, airport and metro terminals, malls, city stores, and others. The crowd management solution is provided so as to meet the client-specific needs during any kind of mass gatherings such as sports events, concerts, corporate events, entertainment programs, and other events. The important characteristics of crowd management are intelligence for managing the crowd, handling the exit routes, co-ordination with the government agencies and also abiding to the local law enforcement, and instantaneous connection with the fire stations nearby the event place and the medical personals. Most of the functions of crowd management also include planning of the event, evaluating the risk factors, monitoring the crowd, and planning regarding emergency situations and procedures. The use of crowd management has become highly prevalent and is transforming the industries and also enables improved levels of user experiences by providing appropriate and customized services.
The market study is being classified by Type (Service and Software), by Application (Customer Management, Marketing Campaign Measurement, Providing High-End Security, Providing Greater Customer Service and Others) and major geographies with country level break-up.
NEC Corporation (Japan), Crowd Dynamics (United Kingdom), Sightcorp (Netherlands), Crowd ANALYTIX, Inc. (United States), Nokia Corporation (Finland), Spigit, Inc. (United States), Wavestore (United Kingdom), AGT International GmbH (Switzerland), Dynamic Crowd Measurement.(Australia), Walkbase (Finland), Matrix Comsec (India), Securion Systems (United States) and Savannah Simulations AG (SIMWALK) (Switzerland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Crowd Vision Limited (United Kingdom), Trimax IT Infrastructure & Services Ltd. (India) and BriefCam (Israel).
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make up-gradations in the product. Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Crowd Management market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Crowd Management market by Type, Application and Region.
On the basis of geography, the market of Crowd Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Emerging Requirements of Business Intelligent Solutions
- Growing Necessity of Intelligent Video Systems for Interpreting Behavioral Data
- Crowd Management Offers Higher Probabilities of Success and Also Automates the Process
Market Trend
- The Emergence of Businesses Digitization and Acceptability of Cloud Services
- Growing Trend in the Requirement for Cost-Effective Software Development Process
- Increasing Demand for Crowd Evaluation to Enhance Safety & Security and Investments in Crowd Security Technology by Various Government Institutes
Restraints
- High costs Related to Crowd Management
- Concerns Regarding Data Security and Privacy
Opportunities
- Continuous Increase in the Investments for Analytical Tools and Solutions
- Increasing Necessity of Cost Effective & Time Efficient Smart Solutions
- Rising Demands from the End-User Industries
Challenges
- Lack of Awareness in the Developing Regions
- Absence of IT Infrastructure in Developing Nations
Key Target Audience
Crowd Management Providers, Research Professionals, Emerging Companies, Government Body & Associations and Others