What is Crowd Management System Market?
A crowd management system is a platform that allows state governments and municipal authorities, as well as event administrators and organizers, to handle crowds effectively and efficiently in real-time. Crowd management entails directing and organizing how people congregate at an event and travel through the event terrain. The number of cases is increasing. The adoption of the IoT platform has risen dramatically around the world. The adoption of IoT has been aided by an increase in demand for smart devices and a large connectivity infrastructure.
The market study is being classified by Type (Crowd Management Solutions and Services (Managed Services, Professional Services)) and major geographies with country level break-up.
AGT International GmbH (Switzerland), Wavestore (United Kingdom), Crowd Dynamics (United Kingdom), Regal Decision Systems (United States), NEC Corporation (Japan), Walkbase (Finland), Nokia Corporation (Finland), Dynamic Crowd Management (Australia) and Vision Technology Systems (Australia) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Ipsotek Ltd. (United Kingdom) and BriefCam (Israel).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Crowd Management System market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Crowd Management System market by Type, Application and Region.
On the basis of geography, the market of Crowd Management System 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
- Rising Adoption of the IoT platform
- Increased Number of Events and Functions
Market Trend
- Increased Adoption of Emerging Cloud-based Technology
Restraints
- High Threat of Security Breach and Cyber-attacks
Opportunities
- Strong Adoption of Advance Technology at Public Places and Public Events for Crowd Management
- Increasing Mobile Applications for Crowd Management
Challenges
- Lack of Awareness in the Developing Regions
In April 2019, Appen Limited announced the acquisition of Figure Eight. With the partnership, customers of Figure Eight will have access to Appen Limited’s extensive crowd resources directly through the Figure Eight platform.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Crowd Management System Provider, Venture Capitalists and Private Equity Firms and End-Use Industry