Crowd Analytics Market - Overview
Market Research
Future (MRFR), in its latest report on the global Crowd
Analytics Market 2020 reveals
factors that can promote the market. As per MRFR study, the crowd analytics
market can rise at about 24% CAGR through the study period (2015 to 2022). In
2015, MRFR recorded the crowd analytics market value at USD 323 Mn. By 2025,
the world crowd analytics market can rise at USD 1.4 Bn.
The optimized
business solution offered by crowd analytics to deliver insightful analysis of
mass gathering places, such as, retail malls, metro & airport terminals,
community centers, sports stadium, city stores, and others can prompt the
expansion of the market. Crowd analytics solutions offer different statistical
and modelling capabilities.
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They include
behavioral model, microscopic model, conflict estimation, value engineering,
and complex network analysis. Crowd analytics improve business operations
threshold by leveraging customer behavioral and crowd tracking analysis. In
addition, the rise in cloud deployment model to support analytics solutions at
minimal price over on-premise installations can boost the rise of the world
cloud analytics market.
Segmental Study
MRFR’s segment
study on the crowd analytics global market is based on verticals, deployment,
and application.
The deployment
based segments of the crowd analytics market are on premise, on cloud, and
hybrid.
The application
based segment of the market are revenue forecasting, market forecasting,
customer management, incident analytics and others. The rise in surveillance
and security concerns can boost the expansion of the crowd analytics market in
the years to come. The vertical based segments of the crowd analytics market
are Retail, BFSI, Healthcare, Transportation, and Media & Entertainment
among others. The growing investment in the information and technology sector
can prompt the market growth. The increase in smart city projects and the rise
in the need for better crowd distribution planning in these smart cities can
boost the market growth. The upsurge in airlines count and train passengers can
cause the market to rise.
Impact of COVID-19 on the Crowd Analytics Market at: https://www.marketresearchfuture.com/report/covid-19-impact-crowd-analytics-market
Regional Study
Technological
advancements, following the rise in the utility of cloud analytics platform can
contributed largely to the growing adoption of crowd analytics in the North
America region. Urban developments in the Asia Pacific region are increasing
the need for smart public management solutions, especially at metro terminals,
railway stations, and other community places. MRFR study states that the crowd
analytics market in Asia Pacific is anticipated to rise registering the highest
CAGR in the years to come. Industry participants are highly deploying crowd
analytics solutions that are improving the strength of the market. The rise in
need for crowd analytics for public control management at airport gateways and
large retail malls can cause the crowd analytics market high growth rate. The
expansion of global brands and the rise in expenditures by them can cause the
crowd analytics market in APAC to rise, In Europe, The rise in visitors at
commercial malls can underpin the growth of the crowd analytics market.
Key Players
MRFR identified
reputed companies in the global crowd analytics market. They are; Crowd
Dynamics (U.K.), NEC Corporation (Japan), Crowd ANALYTIX, Inc. (U.S.),
Sightcorp (Netherlands), Spigit, Inc. (U.S.), Nokia (Finland), AGT
International (Switzerland), Wavestore (U.K.), and Walkbase (Finland) among
others.
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Report Details at: https://www.marketresearchfuture.com/reports/crowd-analytics-market-1850
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