People Counting System Market share forecast to witness considerable growth from 2018 to 2024

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People Counting System market share research by
applications and regions for 2018-2024 Global
Market Insights, Inc.
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Overview of People Counting System Market

• The U.S. people counting system market is
  expected to witness a significant growth over the
  forecast timeline. The growth can be accredited
  to the presence of a large number of retail
  establishments coupled with the nature of early
  technological adoption among the end users. In
  the APAC region, China dominates the people
  counting system market due to the increasing
  middle-class population, growing urbanization,
  changes in the spending habits of customers, and
  the rapidly-evolving retail sector in the region.
• People Counting System Market size is expected to
  grow due to the growing organized retail sector
  in regions including Asia Pacific Latin
  America. The technology is currently witnessing
  an increasing implementation across the retail
  sector to measure the footfalls of the people.
  The data of a number of people helps store
  managers to draft strategies to increase the
  footfalls in the stores, thus helping companies
  remain competitive in the market. Rising
  utilization across events comprising a large
  audience, such as concerts, sports events, and
  public rallies to track individuals, is providing
  impetus to the people counting system market
  growth.

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• Rising deployment in airports and railway
  stations to monitor the crowd and manage the
  staff according to the peak hours is anticipated
  to drive the people counting system market over
  the forecast timeline. These systems are growing
  in popularity across various applications due to
  high reliability and accuracy offered by the
  utilization of these systems. Increasing demand
  for video-based people counting in public places
  such as museums, parks, and theaters for
  efficient workforce management is expected to
  have a positive impact on the industry demand.
• Growing online sales followed by the
  ever-increasing growth of e-commerce sector is
  significantly affecting the brick mortar
  businesses, which is anticipated to hinder the
  people counting system market growth. Moreover,
  factors such as location inaccuracy and privacy
  concerns in Wi-Fi-based systems are limiting the
  industry demand. These systems work by insertion
  of sensors at strategic points in a certain area
  and detect Wi-Fi enabled devices such as tablets
  and mobile phones. The information also helps to
  allocate staff to proper areas to maximize
  customer satisfaction, driving the people
  counting system market. Advanced features, high
  accuracy of these systems, and the availability
  of 3D counting techniques are the other factors
  that contribute to the industry growth.

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• People counting system market is segmented based
  on technology such as infrared, video-based,
  thermal imaging, and others. Thermal imaging
  technology is used in the thermal counting to
  note the temperature changes in individuals in
  comparison with the environment. The temperature
  of the customer is sensed by heat-sensing cameras
  that produce dependable data even when traffic
  volume is more. Rapid technological changes have
  made people acquire these systems with ease,
  helping the growth of the people counting system
  market.
• Based on the end user, the people counting system
  market is classified into retail, BFSI, sports
  entertainment, hospitality, corporate,
  transportation, and others. The retail industry
  that includes shopping malls and supermarkets is
  expected to witness a significant growth owing to
  the several advantages offered by these systems
  in formulating strategies for the businesses.
  However, in the transportation sector, the demand
  for these systems is on a rise to effectively
  manage large traffic.
• Key players in the people counting system market
  are Axis Communications AB, HELLA Aglaia Mobile
  Vision GmbH, RetailNext, Inc., InfraRed
  Integrated Systems Ltd., ShopperTrak, Axiomatic
  Technology Limited, DILAX Intelcom GmbH,
  Iris-GmbH, Xovis AG, Eurotech S.p.A., Countwise
  LLC, IEE S.A., and V-Count. Leading players are
  continuously bringing in innovations and
  technological changes in the systems, heavily
  investing in RD to stay competitive and gain
  eminence in the industry.

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Methodology

• Market
  research reports Key analytical components

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