advancements in surveillance and security industries coupled with the growing
safety & security concerns to drive the growth of global people counting
According to TechSci Research report, “Global People Counting System Market By Type, By Offering, By Technology, By End User, By Region, Forecast & Opportunities, 2024”, the global people counting system market is expected to grow at a formidable rate of around 10% during the forecast period since transportation facility providers such as airports, railway stations and other transit segments are deploying passenger counting systems to provide increased security to passengers and manage the incoming traffic during the peak hours by accommodating accurate number of passengers. However, high costs involved in setting up of advanced people counting systems can hamper the growth of market during forecast period. Further, there are certain technological limitations associated with this system which can restrict the market growth.
Browse XX market data Tables and XX Figures spread throughXXX Pages and an in-depth TOC on“Global People Counting System Market”
people counting system market is segmented based on type, offering, technology,
end user, company and region. Based on offering, the market can be divided into
hardware and software. The hardware segment is expected to dominate the market
owing to the increasing investments by the key players in developing more robust
hardware that can work in harsh environments without compromising on the
efficiency of people counting systems. Based on technology, the market can be
categorized into infrared beam, thermal imaging, video-based and others. The
video-based technology segment is expected to register significant growth in
the market owing to the wide acceptance of video-based people counting systems
in various end-user industries, such as retail stores, supermarkets, and
shopping malls, transportation, corporate, hospitality, banking and financial
institutes, among others. Based on end user, the market can be fragmented into retail,
supermarkets and shopping malls, transportation, corporate, hospitality, BFSI
institutes, healthcare and others. The retail, supermarket and shopping malls
segment dominate the market since these systems are helpful in calculating the
conversion rates, staff planning, and hence enhance marketing effectiveness. Additionally,
they are also used for crowd management in crowded places such as shopping
malls and concerts.
HELLA Aglaia Mobile Vision GmbH, Infrared Integrated Solutions, RetailNext, ShopperTrak,
Eurotech, Axiomatic Technology, CountWise, Dilax Intelcom GmbH, IEE S.A. and others are some
of the leading players operating in global people counting system market. The companies
operating in the market are using organic strategies such as product launches,
mergers and collaborations to boost their share. For instance, in September 2018,
HELLA Aglaia Mobile Vision (GmbH) launched the APS-B light-weight people
detector for buses/transportation application.
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“Asia-Pacific is expected
to be the fastest growing market for people counting systems during the
forecast period, owing to the growing economies and emerging
opportunities in different sectors such as retail, transportation, and
hospitality. Additionally, the presence of many emerging players is creating
intense competition, which is directly benefiting customers in the region.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global People Counting System Market By Type,
By Offering, By Technology, By End User, By Region, Forecast &
Opportunities, 2024” has evaluated
the future growth potential of global people counting system market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global people counting system market.