Crowd Management Systems Market

Global Crowd Management Systems Market Size (2024 to 2032)

The size of the global crowd management systems market is expected to be valued at USD 8.39 billion by 2032 from USD 1.9 billion in 2024, growing at a CAGR of 20.4% during the foreseen period.

Current Scenario of the Global Crowd Management Systems Market

Cities are expanding quickly, demanding new strategies for managing crowded spaces. Crowd management refers to the actions and decisions made to monitor and regulate heavily populated areas. It is a commercial solution that offers an in-depth study of crowd movement at major gathering places such as stadiums, train stations, city malls, and retail stores. Robust artificial intelligence (AI) techniques are used to process data from a range of sources, including closed-circuit television cameras (CCTV), commercial off-the-shelf cameras and first- and third-party consumer data to provide prediction crowd flow models and preference patterns of customers. It entails several challenges, from awareness and evaluation to the implementation of activities that are appropriate for the present situation. It facilitates the distribution of data on crowd movement, public queues, long waits, asset usage, and occupancy, allowing retail and transit terminal authorities to boost operational efficiency by monitoring and regulating the crowds.

MARKET DRIVERS

The growth of the crowd management systems market is majorly driven by the rising demand for intelligent video systems that can offer real-time insights into consumer activity at various locations, including stadiums, shopping malls, and retail establishments.

The increase in popularity of efficient group conveyance thriving in urban areas, the rise in carriers and train passengers, the rise in safety and surveillance concerns, the high threat of cyber-attacks and the development of IoT appropriation across a few industry verticals are key factors fuelling the growth of the crowd management systems market.

Moreover, the higher usage of mobile phones makes ways to increase mobile applications for crowd management. The use of crowd analytics services enables important players to predict consumer behavior patterns by giving them access to real-time market intelligence. This fuels the increase in the demand for crowd management systems. Moreover, the higher usage of mobile phones makes ways to increase mobile applications for crowd management.

MARKET RESTRAINTS

The lack of suitable roadmaps for integrating this technology into the firms' existing systems is a significant barrier to the market’s expansion. Moreover, high initial outlay costs and high data security risks are the major constraints that hinder the crowd management systems market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Crowd Management Systems Market By Component

REGIONAL ANALYSIS 

North America’s crowd management systems market is expected to continue to dominate over the projection period due to the presence of significant important players in the region. Several leading companies are anticipated to hold a sizable market share in the United States, including Crowdanalytix, Spigit, and E2open. The increased interest in business intelligence solutions offering cutting-edge analytics software will enhance our comprehension of human movement patterns. Additionally, the leading players' increased R&D spending is anticipated to support the market's expansion in the area.

The European region is projected to expand significantly. To bring about numerous developments in the region, the companies have been working in partnerships and collaboration with the top essential players in the sector. Additionally, the main players have been able to enhance security and safety measures at public locations including malls, train stations, airports, and bus stops to prevent unpleasant actions caused by the surge in physical security breaches.

The Asia Pacific region is anticipated to witness a significant growth rate due to a rise in the number of startup companies providing novel solutions across various market sectors.

KEY PLAYERS IN THE GLOBAL CROWD MANAGEMENT SYSTEMS MARKET

Nokia Corporation, NEC Corporation, Savannah Simulations AG, Crowd Dynamics, Crowd Vision Limited, Spigit Inc., Securion Systems, Geodan Next, Walkbase, E2open, Mira, Wavestore, Gainsight and Munro are some of the major players in the global crowd management systems market.

RECENT HAPPENINGS IN THE GLOBAL CROWD MANAGEMENT SYSTEMS MARKET

• In Feb 2022, Nokia partnered with Atos to enhance the business’ digital applications with full private 4/5G wireless network services and to develop further innovative services. The novel Ipsotek' VISuite, an Atos Computer Vision Platform software layer that effectively and automatically provides real-time warnings, and Nokia's 4/5G private wireless networking solutions for industries will open the door to a wide range of new applications for businesses and industries in areas like energy, transportation, manufacturing, smart cities, gas stations, and even sporting events.

DETAILED SEGMENTATION OF THE GLOBAL CROWD MANAGEMENT SYSTEMS MARKET INCLUDED IN THIS REPORT

This research report on the global crowd management systems market has been segmented and sub-segmented based on component, application, deployment mode. organization size, industry and region.

By Component

• Service
• Solution

By Application

• Customer Management
• Market Forecasting
• Price Analytics
• Market Campaign Measurement
• Revenue Optimization
• Incident Response and Alerting

By Deployment Mode

• Cloud
• On-premises

By Organization Size

• Small and Medium Enterprises
• Large Enterprises

By Industry

• Consumer Packaged Goods (CPG) and retail
• Transportation
• Travel and Tourism
• Media and entertainment
• Public Safety
• Healthcare and life sciences
• Banking
• Financial Services and Insurance (BFSI)
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa