Crowd Management and Event Security Market size was valued at USD 1.3 Billion in 2023 and is likely to cross USD 9.7 Billion by the end of 2036, registering more than 20% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of crowd management and event security is estimated at USD 1.57 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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
20% |
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Base Year Market Size (2023) |
USD 1.23 Billion |
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Forecast Year Market Size (2036) |
USD 10.02 Billion |
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Regional Scope |
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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:
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Application |
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Component |
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End User |
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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 2036. 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.
Author Credits: Abhishek Verma
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