Crowd Management & Event Security Market

Crowd Management & Event Security Market Highlights

The global crowd management & event security market is expected to cross a value of USD 12.15 billion by the end of 2032. The market was valued at USD 1.49 billion in 2023 and is expected to expand at a CAGR of 21.3% between 2024-2032.

• Over the mid-term, the growing need for crowd evaluation to enhance safety and security is the primary factor anticipated to drive the global crowd management & event security market.
• The growing concern for budget constraints among the event organizers is a major factor to challenge the market growth.
• The North America crowd management & event security market is projected to dominate the global market.

Crowd Management & Event Security Market Outlook

Crowd management and event security solutions involve all the processes for ensuring the safety, security, and smooth operation of events. These solutions involve the planning, organization, and implementation of measures for events where large crowds gather.

As per our KD Market Insights analysts, the growing need for crowd evaluation to enhance safety and security of the crowd in an event is one of the major factors anticipated to drive the market growth during the forecast period. For the safety of the attendees of an event, it is necessary to understand and manage the crow dynamics. Event organizers and security professionals nowadays are aware of the complexities that are associated with handling of large crowds. This, as a result, has raised the need for crowd management and event security solutions. ArmForce Security Services, BriefCam Ltd., and Crowd Dynamics are some of the significant parties in the global market for crowd management & event security.

                               Get More Insights on This Report - Request Free Sample PDF

Crowd Management & Event Security Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global crowd management & event security market are:

• Growing Number of Events Organized Worldwide: The organizing of large-size events is not something new, and has been happening since ages. Events, such as concerts, sports events, festivals, and conferences, all raise the need for crowd management and event security solutions, in turn, contributing to the market growth. As per our researchers, about 98% of event organizers are planning to host at least one in-person event by the year 2024. Additionally, about 85% of these organizers plan to host 3 and 30% of these plan for 11 in-person events.
• Rise in Demand for Crowd Management Solutions in Sports Events and Mega Gatherings: Globally, several types of mega sports events or mega concerts are hosted almost every year. For instance, the organization of Olympics or the FIFA World Cup, and other international tournaments, require a strong crowd management and security solution as the footfall in these events are much more than any other small events. This, as a result, is raising the need for such solutions, in turn, contributing to the market growth.

Which Probable Factors Could Hamper the Growing Crowd Management & Event Security Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of crowd management & event security are:

• Concern for Budget Constraints: Small-scale events or those organized by non-profit entities often have less budget for their events. Although, these events may have a higher footfall, yet, due to budgetary constraints, the adoption of crowd management and event security solutions are highly impacted, thereby, limiting the market growth.
• Dynamic Nature of Security Threats: Event organizers while organizing any event, however big or small, always have a concern for the dynamic nature of security threats associated with it. Threats, such as terrorism, cyber threats, or other evolving risks, often poses a concern amongst the event organizers as well as the crowd management and event security solution service providers as different types of threats would require different levels of training and technology for mitigating the risks.

How is the Global Crowd Management & Event Security Market Segmented?

Our experts at KD Market Insights have segmented the global crowd management & event security market as:

What are the Probable Factors Influencing the North America Crowd Management & Event Security Market Forecast?

The North America crowd management & event security market is majorly driven by the presence of several service providers of crowd management and event security. Besides this, the region is also witnessing an increase in frequency of large-scale events, including concerts, festivals, sports events, and conventions among others. Further, the willingness of event organizers, venue owners, and public authorities to make strategic investments in security infrastructure is also expected to boost the market growth of crowd management and event security in North America.

As per our analysts at KD Market Insights, the following five players lead the North America crowd management & event security market growth:

• Contemporary Services Corporation (CSC)
• Staff Pro
• Securitas Security Services USA
• Whelan Event Services
• Event Security Services (ESS)

Which Key Players Top the Global Crowd Management & Event Security Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global crowd management & event security market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with crowd management & event security market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global crowd management & event security market share:

• ArmForce Security Services
• BriefCam Ltd.
• Crowd Dynamics
• Crowd Vision Ltd.
• Dynamic Crowd Management
• Flowity(AFRY Digital Solution)
• Ipsotek Ltd.
• Regal Decision Systems, Inc.
• Spigit,Inc.
• Vision Technology Systems

What are the Recent Developments Observed in the Crowd Management & Event Security Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global crowd management & event security market trends. our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, BEST Crowd Management shared that it has expanded its operations to Memphis, Tennessee. The organization also announced that it would provide event security at the FedEx Forum in the city.

Further, SES Group announced that it has opened a new office at Manchester after months of searching and planning. This strategic move of the organization aims at enhancing their service delivery to their clients in the North of England.