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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