Crowd Management and Event Security Market Size Forecasts 2035

Global Market Size, Forecast, and Trend Highlights Over 2023 – 2035

Crowd Management and Event Security Market size is projected to reach USD 10.02 Billion by the end of 2035, growing at a CAGR of 20.8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of crowd management and event security was over USD 1.23 Billion. As a result of the growing population in rural areas moving towards urban areas, cities are expanding rapidly, requiring new strategies for managing crowded spaces, which is expected to lead to significant growth in crowd management and event security. As per the estimates, more than half of the world's population will be living in cities and grow to two-thirds by 2050.

Apart from that, due to the real and perceived threat of crime and terrorism faced by people throughout the world, there is an increased demand for security services at various important places in the world. In 2020, an estimated 22,847 people died from terrorism globally. Traditionally, the primary activities covered by event safety management are related to protecting persons who have a considerable position in society and take part in events and meetings requiring the management of crowds when they take place.

Crowd Management and Event Security Sector: Growth Drivers and Challenges

Growth Drivers

Large-Scale Adoption of the Internet of Things (IoT) Platform- There has been a significant increase in the number of Internet of Things platforms adopted around the world. The use of the Internet of Things continues to grow as a consequence of increased demand for intelligent equipment and strong communication infrastructure. The benefits of digital transformation in terms of security and safety for individuals within a population can be effectively managed through crowd management systems. The number of current global IoT devices (7 billion) may seem staggering but thanks, 5G and other technologies, this figure is expected to grow by over 3x to 25.44 billion total IoT devices by 2030.
Increase in Investments- The growth of the market is due to increasing investment in crowd management and event security systems tools and solutions. 85% of marketers across the globe report that their companies treat sponsoring events as a priority. Owing to this people have started investing in crowd management and event security during any event organized by any organization for a smooth and successful event.
Development of Cloud-Based Technology- The adoption of emerging cloud-based technology through deployment of public cloud and on-premises cloud is anticipated to create major opportunities for the global crowd management and event security market. For instance, 60% of global corporate data is in the cloud. A multi-cloud infrastructure was adopted by 90 % of the world's largest companies.

Challenges

Ability to Communicate- The capacity to interact and exchange information with other stakeholders without experiencing network disruptions is one of the difficulties facing the crowd control and event security business. Due to the large number of parties participating, including the law enforcement agencies, communication is necessary not just inside the venue but also outside and throughout the city. Each of these groups may employ a different technology, which might result in a number of constraints when interacting with one another.
Large Upfront Costs and a Lack of Investment.
As a Result of the Covid19 Outbreak, a Large Number of Events were Cancelled

Crowd Management and Event Security Segmentation

Application (On-premise, Cloud)

The on-premise segment is anticipated to garner the maximum growth with 53% share in the crowd management and event security market. Large enterprises use on-premise applications because they entail substantial investment in the implementation and purchase of an integrated set of hardware, servers, and software to manage this system.

End User (Retail, Tourism, Transportation)

The transportation segment is anticipated to have the highest market share of 45% during the forecasted period. With an increasing number of individuals around the world choosing to travel by public transport that is considered to save them costs. At the same time helping passengers reach their destination in a more rapid manner, this segment of the end user segments is expected to hold the largest market share. In order to guarantee the safety of citizens, there should be a strengthening of infrastructure so that crowd management can take place safely and smoothly. Global demand for urban passenger transport is projected to grow by nearly 260 percent between 2020 and 2050 in a scenario where governments aim to economically recover from the COVID-19 pandemic. Passenger kilometers are projected to rise to 54.3 trillion passenger kilometers globally by 2050.

Our in-depth analysis of the global market includes the following segments:

Application	On-premise Cloud
Component	Solutions Services
End User	Retail Tourism Transportation

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Crowd Management and Event Security Industry - Regional Synopsis

North American Market Forecast

Out of all regions, the North America region is anticipated to garner the highest revenue with a 41% share in the market. The growth of the market in the region can be propelled by the strong adoption of advanced technologies in public places and public events. The market is expected to grow further, given the presence of a number of important regional players. In the United States, several major players are expected to have significant market shares. In addition, the major players have increased their research and development expenditure. In 2019, Americans took 9.9 billion trips on public transportation. 34 million times each weekday, people board public transportation.

European Market Statistics

The European crowd management and event security market is predicted to have a market revenue of 31% share by the end of 2035. Europe’s region is expected to become more and more dynamic by bringing about numerous developments in the region such as smart cities. Additionally, there has been an increasing installation of CCTV cameras in malls, airports, and other areas, which is predicted to boost the market’s growth in the Europe region.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the crowd management and event security market?

Ans: The major factors driving the growth of the crowd management and event security market are real and perceived threats of crime and terrorism faced by people throughout the world and increased demand for security services at various important places.

2) What would be the CAGR of the crowd management and event security market over the forecast period?

Ans: The market size of Crowd Management and Event Security is anticipated to attain a CAGR of 20.8% over the forecast period, i.e., 2023 – 2035.

3) Who are the major players dominating the crowd management and event security market?

Ans: The major players in the market are Wavestore, NEC Corporation, Crowd Dynamics, AGT International GmbH, Securion Systems, Nokia Corporation, Crowd Vision Limited, and others.

4) Which segment captures the largest market size in the end user segment in the crowd management and event security market?

Ans: The transportation segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

5) Which region will provide more business opportunities for the growth of the crowd management and event security market in the future?

Ans: The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Base Year	2022
Forecast Year	2023-2035
CAGR	~ 20.8%
Base Year Market Size (2022)	~ USD 1.23 Billion
Forecast Year Market Size (2035)	~ USD 10.02 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Crowd Management and Event Security Market Size & Share, by Application (On-premise, Cloud); Component (Solutions, Services); End-user (Retail, Tourism, Transportation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035