Research Nester has released its report titled “Crowd Management and Event Security Market: Global Industry Analysis & Opportunity Outlook 2020-2028” that delivers detailed overview of the global crowd management and event security market in terms of market segmentation by application, component, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global crowd management and event security market comprises of three segments which are segmented by application, component and by end user. The market is predicted to register a significant CAGR over the forecast period (2020-2028). Transportation falling under end user segment is estimated to hold the highest market share, owing to a greater number of individuals opting to travel by public transport that is considered to save time and money for individuals.
The growth of the market is driven by various factors such as a steady growth in the global population and densely populated cities, as a result of shift in the population in large numbers from rural to urban areas in search of a better livelihood. Moreover, the demand for security services at various places across the globe has increased, owing to increasing threats of crimes and terrorism faced by the population across various regions of the world. Additionally, the advancements in technology taking place in the manufacture of security systems and equipment and growing number of IoT connections and smartphone users around the world are anticipated to drive the growth of the market over the forecast period.
The global crowd management and event security market is segmented into five major regions comprising of North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The market in North America is anticipated to hold the highest market share, owing to adoption of technology at a faster rate and increasing expenditure incurred towards ICT infrastructure. The market in Asia Pacific is anticipated to grow at a significant rate, owing to rise in expenditure incurred by individuals towards attending events especially in nations such as China and India. All these factors are estimated to drive the growth of the market over the forecast period.
However, the growth of the global crowd management and event security market is subject to limitations such as the difficulty faced in communication and sharing of information with other stakeholders without facing any network disturbances. Moreover, since the number of entities involved is several, communication with the other stakeholders inside and outside the venue as well as across the entire city must be smooth. As different technologies may be used by each group, there might be problems faced in communication between the groups. All these factors may operate as major restraints to the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global crowd management and event security market which includes company profiling of key companies such as Savannah Simulations AG, Wavestore, NEC Corporation (TYO: 6701), Crowd Dynamics, AGT International GmbH, Securion Systems, Nokia Corporation (HEL: NOKIA), Crowd Vision Limited, Geodan and Planview. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global crowd management and event security market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.