Press release
Crowd Analytics Market Forecast to 2022 by Key Players - AGT International GmbH, Crowd Dynamics International, Crowd Vision Limited, Geodan Next, Mira, NEC Corporation, Nokia Corporation, Savannah Simulations AG, Spigit
Crowd Analytics Market was valued at $331 million in 2015 and is projected to reach $1,531 million by 2022, growing at a CAGR of 24.9% from 2016 to 2022.Retail and other industries segments are expected to exhibit healthy growth rate during the forecast period, owing to the high demand for customer engagement through behavioral modeling and predictive analysis.
Crowd analytics is an optimized business solution, which delivers an insightful analysis of crowd mobility at mass gathering places, such as airport & railway terminals, city malls, retail stores, convention centers, stadium, and others. The data obtained from various sources, including (CCTV) closed-circuit television camera, commercial off-the-shelf camera, and first & third party consumer data are channelized through sophisticated artificial intelligence methods to present predictive crowd flow models and customer preference patterns.
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Some of the key players in global Crowd Analytics market are
AGT International GmbH, Crowd Dynamics International, Crowd Vision Limited, Geodan Next, Mira, NEC Corporation, Nokia Corporation, Savannah Simulations AG, Spigit, Inc., and Walkbase.
The services segment including professional and managed services are on high demand in crowd analytics market, due to an increase in need to manage data from conception and analysis and to archive at the appropriate space and time. Moreover, comprehensive planning, installing, and configuration of the software have also augmented the service segment growth in the crowd analytics market.
North America was the largest market in crowd analytics industry in 2015, owing to healthy economic growth, ongoing commercialization, and increase in ICT expenditures by the government on various projects including, homeland security, tourism, and other people management programs. In addition, there is a growth in adoption of crowd analytics solutions in Europe due to an upsurge in urban population and increase in footfalls of customers at retail malls. The trend of strong adoption of analytics software in North America and Europe have accelerated the growth of the crowd analytics market.
The cloud deployment model is expected to grow at the highest CAGR during the forecast period, owing to direct IT control, internal data delivery & handling, faster data processing, efficient resource utilization, and cost-effectiveness. Furthermore, reduced IT staffs and standardized business environment for IT operation provide an advantage in the cloud deployment.
Based on geography, the market is segmented into four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue contributor in 2015, and accounted for around 37.5% share of the overall crowd analytics market. The Asia-Pacific market is projected to grow at the highest CAGR of 27.4% during the forecast period, owing to the upsurge in need of public management and crowd control in large retail malls and airport gateways.
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Key Findings of the Crowd Analytics Market
1. The cloud deployment model segment accounted for the highest share in the market in 2015, growing at a CAGR of 25.6%.
2. North America generated the highest revenue in 2015, and valued at $124 million.
3. Asia-Pacific dominated the market in terms of growth during the forecast period.
4. The U.S. was leading in terms of crowd analytics market, in 2015. In addition, Canada, UK, Germany, China, Australia, and the other emerging markets are anticipated to provide significant opportunities for major players.
TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 CROWD ANALYTICS MARKET, BY SOLUTION
CHAPTER 5 CROWD ANALYTICS MARKET, BY DEPLOYMENT MODEL
CHAPTER 6 CROWD ANALYTICS MARKET, BY APPLICATION
CHAPTER 7 CROWD ANALYTICS MARKET, BY END USER
CHAPTER 8 CROWD ANALYTICS MARKET, BY GEOGRAPHY
CHAPTER 9 COMPANY PROFILES
9.1. AGT INTERNATIONAL GMBH
9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Operating Business Segments
9.1.4. Business Performance
9.1.5. Key Strategic Moves and Developments
9.2. CROWD DYNAMICS INTERNATIONAL
9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Operating Business Segments
9.2.4. Business Performance
9.2.5. Key Strategic Moves and Developments
9.3. CROWD VISION LIMITED
9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Operating Business Segments
9.3.4. Business Performance
9.3.5. Key Strategic Moves and Developments
9.4. GEODAN NEXT
9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Operating Business Segments
9.4.4. Business Performance
9.4.5. Key Strategic Moves and Developments
Continue…
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