People Counting System Market 2019 Global Industry Trends, Sales Revenue, Emerging Technologies, Business Strategy, Competitive Landscape, Opportunities and Regional Forecast 2022
Market Research Future published a research report on “People Counting System Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Pune, India – May 31, 2019 /MarketersMedia/ —
People counting system Global Market – Overview
The world is going through an industrial revolution and computers and machines are overtaking the human vision. With global rise in criminal activities, illegal drug trafficking, burglary and even cyber theft, it has become a necessity for countries to adopt every suitable measure towards security of the people. Due to higher accuracy, and reliability in monitoring and counting entrance, and exit traffic separately, the market is expected to grow at a very fast rate. This growth includes various countries in Europe and Asia that require a huge level of monitoring towards security against the illegal activities.
The people counting system consists of the counter device integrated with a surveillance camera and facial recognition technology that measures the number of people and the direction in which they travel. The people counting system is widely used in the entrance and exist of shopping malls, retail stores, government buildings and many other public places, where there is a chance of high crowd. This system covers mostly every industrial sector, however, retail and Commercial spaces tend to dominate the market. One of the major factor that add to the growth of the market is high adoption of cloud and internet of things across various domains.
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Market Segmentation:
• By position, the global people counting system market has been segmented into overhead beam, horizontal beam.
• By type, the people counting system market has been segmented into bidirectional, and unidirectional. Among these, the unidirectional segment is likely to exhibit a relatively higher growth rate and reach a valuation of USD 600 Mn by the end of 2022.
• By technology, the global people counting system market has been segmented into wired, and wireless. The wireless segment is poised to have a larger customer base and strike a CAGR of 14% during the assessment period.
• By application, the people counting system market has been segmented into transportation, government, retail, hospitality, banking & finance, sports & entertainment, and others. Among these, the transportation sector occupies a dominant position in the global market. It is prognosticated to value at USD 300 Mn towards the end of 2022.
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.
Regional Analysis:
The global people counting system market, by region, has been segmented into Asia Pacific, Americas, Europe and the Rest of the World. North America is expected to exhibit substantial growth over the assessment period. The rise in the adoption of IoT technology is dictating the expansion of the people counting system market in the region. Furthermore, the technologically advanced infrastructure of the region coupled with the consolidation of key players is poised to push the market on the growth trajectory.
Asia Pacific is an important revenue pocket of the people counting system market owing to the presence of major country-level markets such as China, India, Japan, and Singapore. In addition, the rising count of retail stores is another major factor responsible for catalyzing the expansion of the people counting system market in the region as these systems are majorly used in retail stores, supermarkets, and shopping malls.
Industry News:
In August 2018, Tyco Retail Solutions, a provider of integrated retail performance, announced that JOANN Stores, LLC, which is one of the leading fabrics and craft retailer, has rolled out its ShopperTrak in-store traffic analytics solution.
In November 2018, Axis Communications, a Swedish manufacturer of network cameras for video surveillance, has partnered with Genetec, an automation company, for enhancing data encryption capabilities.
In November 2018, Tyco Retail Solutions, a leading global provider of integrated retail performance and security solutions, has launched a new ShopperTrak Market Intelligence solution. A set of indices have been designed to draw unparalleled insights into traffic trends.
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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
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Source: MarketersMedia
Release ID: 518868
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