Market Scenario:
The global people counting system market is growing because of the high accuracy and reliability in monitoring and counting entrance and exit traffic separately, while excluding carts, children, and strollers. People counting system consists of people counter device that measures the number and direction of people traversing any entrance or a passage per unit time. This device is widely used in the entrances of buildings to record the total number of visitors. People counting systems have usage in different industry domains. Along with high adoption of cloud and internet of things the global people accounting system is growing explosively. The adoption of global People Counting System Market is used mostly in crowded places such as shopping malls and concerts, other than their conventional job of calculating footfall, they are used for crowd management and monitoring of high-traffic areas. Their additional uses include fire management and energy usage optimization.
The global people counting system is segmented on the basis of position, type, connectivity, product and application. The connectivity segment sub-segmented into wired and wireless connectivity. The wireless technology is low cost, reloadable bidirectional in or out movement detector. The key advantages of wireless technology simultaneous multiple target detection, smart passage recognition (e.g., detects stops, direction change and turning back).
Key Players
The prominent players in the global People Counting System Market are Iris GmbH, ShopperTrak, Retail Next, Inc., Axis Communication AB, FLIR Systems, HELLA Aglaia Mobile Vision GmbH, Infrared Integrated Systems Ltd, IEE S.A., Eurotech SpA and Traf-sys, Inc. among others.
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Key Findings:
- The global people counting system market is expected to reach USD ~1,100 million by 2022, growing with approximately 14% of CAGR during forecast period 2016-2022.
- By Type, unidirectional people counting system is dominating the market and is expected to reach USD 600 million by 2022.
- By Connectivity, Wireless is expected to grow with 14% CAGR during forecast period 2016-2022.
- North America is expected to dominate the market of people counting system market throughout the forecast period.
- By Application- Transportation sector is dominating the market and is expected to reach USD 300 million by the end of 2022.
Global People Counting System Market Segmentation
The global people counting system market has been segmented on the basis of type, connectivity, product, application and region. On the basis of type, the market is classified into unidirectional and bidirectional. By connectivity, the market is categorized into wired and wireless connectivity. Horizontal beam counting system and overhead counting system are the products manufactured to serve rising need of measurement of increasing customer traffic. On basis of application, the global people counting system consists of transportation, retail, banking & finance, hospitality, sports & entertainment, government and others.
Market Research Analysis:
Regional analysis for global people counting system market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. The study reveals that North America region would evolve as a leader in global people counting system market. The presence of large number of retail outlets in the country especially U.S. and Canada is driving high growth in the North America region. However, growing e-commerce industry and increasing market penetration of cloud technology is expected to hamper the people counting system market growth in coming future. Asia-Pacific is expected to witness high growth in the forecast period and projected to grow with approximately 16% CAGR during the forecast period.
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Intended Audience
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- Hardware manufacturers
- Entertainment Sector
- Sports Organization
The report for People Counting System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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