Global Crowd Analytics Market Overview:
Crowd Analytics uses different types of techniques for the analysis of the behavioural data gathered from large number of candidates, to understand complete psychological and behavioural pattern towards any product or services and this data is taken from social network and other platforms. Crowd analytics is necessary for almost every organization so as to understand perspective of their customer’s and make changes in the product or services accordingly. These helps organization to gain competitive edge and hence increasing demand for BI solution. It is basically tracking and interpreting the real time data that is gathered from the places like instance malls, airports, stadium, and others. According to AMA, the Global Crowd Analytics market is expected to see growth rate of 25.03% and may see market size of USD1.63 Billion by 2026.
Growth Drivers
- Emerging requirements of business intelligent solutions
- Growing necessity of Intelligent video systems for interpreting behavioral data
Market Trends
- Emergence of businesses digitization
- Strong Acceptability of cloud services
Roadblocks
- High cost
- Concerns related to data security
Opportunities
- Continuous increasing investments for analytical tools and solutions
- Increasing necessity of cost effective & time efficient smart solutions
Competitive Landscape:
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.
Some of the key players profiled in the report are NEC Corporation (Japan), Crowd Dynamics (United Kingdom), Sightcorp (Netherlands), Crowd ANALYTIX, Inc. (United States), Nokia (Finland), Spigit, Inc. (United States), Wavestore (United Kingdom) and AGT International (Switzerland). Additionally, following companies can also be profiled that are part of our coverage like Walkbase (Finland), Securion Systems (United States) and Nokia Corporation (Finland). Analyst at AMA Research see United states and European Players to retain maximum share of Global Crowd Analytics market by 2026.
What Can be Explored with the Crowd Analytics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Crowd Analytics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Crowd Analytics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Crowd Analytics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Crowd Analytics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Data Centers, Crowd Analytics Service Providers, Analytics Software Developers, Government and IT Service Providers.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.