People Counting System Market - Global Forecast to 2023

Dublin, April 24, 2018 -- The "People Counting System Market by Technology (IR Beam, Video-Based, Thermal Imaging), Hardware and Software, End User (Retail Stores, Supermarkets, and Shopping Malls, Transportation, Corporate, Hospitality), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The people counting system market is projected to grow from USD 694.7 Million in 2018 to USD 1,150.2 Million by 2023, at a CAGR of 10.6% between 2018 and 2023.

Factors such as the growing retail sector and increased adoption rate of people counting technologies, availability of low-cost and easy-to-set-up people counting solutions, and increasing need for people counting solutions in the transportation sector are expected to drive the growth of the people counting system market.

Among end users, the retail stores, supermarkets, and shopping malls segment held the largest share of the people counting system market in 2017. The main driver for the growth of this segment's market is the increasing importance and use of people counting technology in the constantly evolving retail market.

Based on technology, the video-based technology is estimated to hold the largest market share in 2018, and this trend is expected to continue during the forecast period. The large share is attributed to advanced features of the video-based technology, such as the ability to differentiate between a child and an adult and between a person and an object, allowing more accuracy in high-volume traffic, and the ability to withstand changing environmental conditions.

The people counting software market is expected to grow at a higher CAGR than the hardware market between 2018 and 2023. Software data helps business managers make knowledgeable business decisions. Software plays a crucial role in providing valuable insights and in helping businesses improve their offerings and accountabilities.

In terms of the different geographic regions, North America held the largest market share in 2017 and is expected to grow at a moderate CAGR during the forecast period. The presence of some of the world's largest retailers is one of the major factors driving the growth of the people counting system market in North America. In the APAC region, China accounted for the largest share of the people counting system market in 2017. Increasing urbanization, growing middle-class population, and changes in the spending habits of consumers have propelled the growth of the retail sector in APAC. This has led many players in the people counting system market to invest in this region as the retail sector is one of the major end users of people counting systems.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 People Counting System Market, 2018-2023 (USD Million)
4.2 People Counting System Market, By Technology, 2018-2023 (USD Million)
4.3 North America People Counting System Market, By Country and Technology
4.4 People Counting System Market, Geographical Snapshot

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Growing Retail Sector and Increased Adoption Rate of People Counting Technologies
5.1.1.2 Availability of Low-Cost and Easy to Set Up People Counting Solutions
5.1.1.3 Growing Need for People Counting Solutions in the Transportation Sector
5.1.2 Restraints
5.1.2.1 Booming E-Commerce Industry and Increasing Online Sales Channels
5.1.3 Opportunities
5.1.3.1 Advancements in People Counting Solutions Such as the Availability of 3d People Counting
5.1.3.2 Growing Opportunities in Emerging Markets Such as Latin America, the Middle East, and Africa
5.1.4 Challenges
5.1.4.1 Location Inaccuracy and Privacy Concerns in Wi-Fi- and Bluetooth-Based People Counting Technologies
5.2 Value Chain Analysis

6 People Counting System Market, By Technology
6.1 Introduction
6.2 Infrared Beam
6.3 Thermal Imaging
6.4 Video-Based
6.5 Other Technologies

7 People Counting System Market, By Hardware and Software
7.1 Introduction
7.2 Hardware
7.2.1 Thermal Cameras
7.2.2 Infrared
7.2.3 Fixed Camera
7.2.4 Fixed Dome Camera
7.2.5 Pan, Tilt, and Zoom (PTZ)
7.3 Software

8 People Counting System Market, By End User
8.1 Introduction
8.2 Retail Stores, Supermarkets, and Shopping Malls
8.2.1 Queue Management
8.3 Transportation
8.3.1 Fleet Management Optimization
8.4 Corporate
8.5 Hospitality
8.6 Banking and Financial Institutes
8.7 Healthcare
8.8 Sports and Entertainment
8.9 Other End Users

9 People Counting System Market, By Geography

10 Competitive Landscape
10.1 Overview
10.2 Ranking of Market Players
10.3 Competitive Scenario
10.3.1 Product Launches
10.3.2 Partnerships and Collaborations
10.3.3 Acquisitions and Expansions

11 Company Profiles
11.1 Key Players
11.1.1 Axis Communications
11.1.2 Hella Aglaia Mobile Vision
11.1.3 Infrared Integrated Systems (IRISYS)
11.1.4 Retailnext
11.1.5 Shoppertrak
11.1.6 Eurotech
11.1.7 Axiomatic Technology
11.1.8 Countwise
11.1.9 Dilax Intelcom
11.1.10 IEE S.A.
11.1.11 IRIS
11.1.12 Point Grey Research
11.1.13 V-Count
11.1.14 Xovis Ag
11.1.15 Infodev Electronic Designers International
11.2 Startup Ecosystem
11.2.1 Density
11.2.2 Innovation in Traffic Systems Ag
11.2.3 Clever Devices
11.2.4 Retail Sensing
11.2.5 Syncromatics

For more information about this report visit https://www.researchandmarkets.com/research/bpm3rt/people_counting?w=12

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