Crowd Management and Event Security Market Segmentation:
Application Segment Analysis
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 Segment Analysis
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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