Crowd Management and Event Security Market Size

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.