People Counting System Market: Global Industry Analysis and Forecast (2021-2027) by Type, Technology, Offering, End-Users and, Region

People Counting System Market size was valued at US$ 908 Million in 2020 and the total People Counting System revenue is expected to grow at 9.3% through 2021 to 2027, reaching nearly US$ 1692.1 Million.

People Counting System Market Overview:

A people counter is an electronic device that counts the number of people passing through a tunnel, entering a building, or passing through an exit. Simple clickers, smart-flooring techniques, infrared beams, thermal imaging systems, WiFi tracking systems, and video counts that use powerful machine learning algorithms are just a few examples of people counter applications. Retailers use them to assess the efficiency of marketing efforts, the design and layout of buildings, and the popularity of certain brands. People Counting System Market To know about the Research Methodology:- Request Free Sample Report

Market Applications of People Counters:

• Retail Stores: In the retail sector, people counting methods are used to compute the conversion rate, which is the proportion of total visits vs the number of people who make purchases. The success of a current marketing campaign is measured using visitor data by shopping mall marketing specialists. Shopping mall operators sometimes use the same conversion rate as retail establishments to assess marketing performance. People Counting System Market 1 • Shopping malls: People counters are used in shopping malls to count the number of visitors in a certain location. People counters can also be used to determine where people tend to gather. Higher rents are frequently paid in regions where people congregate. Only the most well-known businesses are allowed to lease space in shopping malls. By analyzing footfall patterns and traffic, people counters assist retail malls in gauging popularity. The flow of traffic per customer, as well as the regions and degrees of use of the various mall entrances, may be determined by shopping mall operators. In this report, the people counter market's growth reasons, as well as the market's many segments (Type, Technology, Offering, End-Users and, Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the people counter market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global people counter the market situation.

People Counting System Market Dynamics:

People counting, as well as in-store analytics in general, is a simple and effective technique to gain valuable insights from client activity data. A rising number of conventional retailers are attempting to use that data to increase the overall efficiency of their conventional stores, decrease costs by eliminating wasteful processes, enhance workplace safety, and increase employee and customer pleasure. Insights like this are likely to aid in the development of systems that lead to more meaningful shopping experiences. • Staff Planning and optimization in retail and manufacturing industries are one of the major drivers of the people counting system market. Different business variables may be used by retailers to decide their personnel allocation. Accurate visitor counts are also beneficial for staff shift optimization. Cleaning and maintenance services are often performed when tourist traffic is at its lowest, and staffing requirements are frequently directly proportional to the density of visitor flow. • The rapid growth of the E-commerce industry is one of the major restraints of the people counting system market. E-commerce had a huge impact on the global retail sector's growth. During the pandemic, the number of people visiting retail businesses, shopping malls, and supermarkets decreased, reducing the demand for people counting equipment. Because e-commerce poses a danger to conventional business establishments, many of them have closed throughout the world. • The key opportunity in the people counting system market is the rapid adoption of 4-D technology in video-based people counters. 2D and 3D people counting systems usually have an accuracy of 85 to 90%. People counters equipped with 3D technology are capable of maintaining accuracy of 93% even in high traffic situations. Staff exclusion, anonymity, dwell duration measurement, capacity to function in darkness, and ability to recognize youngsters are just a few of the advantages 4D systems have over 2D and 3D people counting systems. 4D people counters are also capable of tracking and differentiating between genders, monitoring people at night, and assessing the influence of weather in emergencies.

People Counting System Market Segment Analysis:

By Type, the bidirectional segment held the major share of over 65% of the people counting system market, in 2020. This segment is also expected to grow at the CAGR of 7.3% in the aforementioned forecast period. This is attributed to the retail analytics advantages of bidirectional people counting systems. Another growth factor is the factor that bidirectional people counting systems identify whether a person is walking in or exiting an outlet. Services offered by bidirectional people counting systems include footfall metrics, visit duration, staff optimization, high traffic monitoring, etc. People Counting System Market 2 By Technology, the Video-based segment is expected to grow at the highest CAGR of 8.8% during the forecast period. This can be attributed to the rising use of 3D technology in video-based people counters. Video-based 3D People counters keep track of how many consumers come into the shop every minute, hour, day, week, month, and even year. They are also capable of calculating the sales conversion ratio by linking the POS (Point of Sale) system and looking at how many customers purchased vs the total number of clients in a given time. With this data, retailers can forecast when consumers are most likely to visit their businesses and prepare ahead of time with more employees on the shift, a fully equipped inventory, focused marketing campaigns, and additional checkout spots.

People Counting System Market Regional Insights:

Asia Pacific : The Asia Pacific people counting system market accounted for over 30% of the market share in 2020 in terms of revenue, and it is rapidly growing due to technological advancements in regions such as India, China, and Vietnam. These countries have a large number of individuals counting manufacturers to meet demand from the transportation, retail, and government sectors. In addition, rising urbanization and the construction of smart residential and commercial buildings are driving demand for people counting solutions to track visitor counts and improve security solutions. Highly populous countries in the region, e.g. China and India, are concentrating on upgrading transportation facilities and providing residents with safe transit services, resulting in the widespread acceptance of people counting systems at Metro Stations, Airports, etc. North America: During the forecast period, North America is expected to lead the market for people counting systems. The presence of technologically modern retail outlets and shopping malls, stadiums, banks, and amusement parks in the region is credited to the rising adoption of people counting systems in countries like the USA and Canada. It is also expected to grow at a CAGR of 8.1% in the same forecast period, owing to the existence of a large number of airports (13513 in the USA alone) that require visitor counting and monitoring systems. Furthermore, North America is home to important people counting systems firms e.g. RetailNext, Axiomatic Technology, Countwise, etc. The objective of the report is to present a comprehensive analysis of the People Counting System market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the People Counting System market dynamics, structure by analyzing the market segments and projecting the People Counting System market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the People Counting System market make the report investor’s guide.

People Counting System Market Scope: Inquire before buying

People Counting System Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 908 Mn.
Forecast Period 2021 to 2027 CAGR: 9.3% Market Size in 2027: US $ 1692.1 Mn.
Segments Covered: by Offering • Software • Hardware
by Type • Unidirectional • Bidirectional
by Technology • Infrared Beam • Thermal Imaging • Video-Based • Others
by End-Users • Retail, Supermarkets and Shopping Malls • Transportation • Corporate • Hospitality • Banking and Financial Institutes • Healthcare • Sports and Entertainment • Others

People Counting System Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

People Counting System Market Key Players

RetailNext • ShopperTrak • Eurotech • Axiomatic Technology • CountWise • Dilax Intelcom GmbH • IEE S.A. • iris-GmbH • FLIR Integrated Imaging Solutions, Inc. • V-Count • XOVIS AG • Infodev Electronic Designers International Inc. • Axiomatic Technology • Traf-Sys Inc • Siemens AG

FAQs:

1. Which is the potential market for the People Counting System in terms of the region? Ans. During the forecast period, North America is expected to lead the market for people counting systems 2. What are the opportunities for new market entrants? Ans. The key opportunity in the people counting system market is the rapid adoption of 4-D technology in video-based people counters. 3. What is expected to drive the growth of the People Counting System market in the forecast period? Ans. Staff Planning and optimization in retail and manufacturing industries are one of the major drivers of the people counting system market. 4. What is the projected market size & growth rate of the People Counting System Market? Ans. People Counting System Market size was valued at US$ 908 Million in 2020 and the total People Counting System revenue is expected to grow at 9.3% through 2021 to 2027, reaching nearly US$ 1692.1 Million. 5. What segments are covered in the People Counting System Market report? Ans. The segments covered are Type, Technology, Offering, End-Users and, Region.
1. Global People Counting System Market: Research Methodology 2. Global People Counting System Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global People Counting System Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global People Counting System Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global People Counting System Market Segmentation 4.1 Global People Counting System Market, by Offering (2020-2027) • Software • Hardware 4.2 Global People Counting System Market, by Type (2020-2027) • Unidirectional • Bidirectional 4.3 Global People Counting System Market, by Technology (2020-2027) • Infrared Beam • Thermal Imaging • Video-Based • Others 4.4 Global People Counting System Market, by End-users (2020-2027) • Retail, Supermarkets and Shopping Malls • Transportation • Corporate • Hospitality • Banking and Financial Institutes • Healthcare • Sports and Entertainment • Others 5. North America People Counting System Market(2020-2027) 5.1 Global People Counting System Market, by Offering (2020-2027) • Software • Hardware 5.2 Global People Counting System Market, by Type (2020-2027) • Unidirectional • Bidirectional 5.3 Global People Counting System Market, by Technology (2020-2027) • Infrared Beam • Thermal Imaging • Video-Based • Others 5.4 Global People Counting System Market, by End-users (2020-2027) • Retail, Supermarkets and Shopping Malls • Transportation • Corporate • Hospitality • Banking and Financial Institutes • Healthcare • Sports and Entertainment • Others 5.5 North America People Counting System Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific People Counting System Market (2020-2027) 6.1. Asia Pacific People Counting System Market, by Offering (2020-2027) 6.2. Asia Pacific People Counting System Market, by Type (2020-2027) 6.3. Asia Pacific People Counting System Market, by Technology (2020-2027) 6.4. Asia Pacific People Counting System Market, by End-users (2020-2027) 6.5. Asia Pacific People Counting System Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa People Counting System Market (2020-2027) 7.1 Middle East and Africa People Counting System Market, by Offering (2020-2027) 7.2. Middle East and Africa People Counting System Market, by Type (2020-2027) 7.3. Middle East and Africa People Counting System Market, by Technology (2020-2027) 7.4. Middle East and Africa People Counting System Market, by End-users (2020-2027) 7.5. Middle East and Africa People Counting System Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America People Counting System Market (2020-2027) 8.1. Latin America People Counting System Market, by Offering (2020-2027) 8.2. Latin America People Counting System Market, by Type (2020-2027) 8.3. Latin America People Counting System Market, by Technology (2020-2027) 8.4. Latin America People Counting System Market, by End-users (2020-2027) 8.5. Latin America People Counting System Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European People Counting System Market (2020-2027) 9.1. European People Counting System Market, by Offering (2020-2027) 9.2. European People Counting System Market, by Type (2020-2027) 9.3. European People Counting System Market, by Technology (2020-2027) 9.4. European People Counting System Market, by End-users (2020-2027) 9.5. European People Counting System Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1 RetailNext 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 ShopperTrak 10.3 Eurotech 10.4 Axiomatic Technology 10.5 CountWise 10.6 Dilax Intelcom GmbH 10.7 IEE S.A. 10.8 iris-GmbH 10.9 FLIR Integrated Imaging Solutions, Inc. 10.10 V-Count 10.11 XOVIS AG 10.12 Infodev Electronic Designers International Inc. 10.13 Axiomatic Technology 10.14 Traf-Sys Inc 10.15 Siemens AG

About This Report

Report ID 55032
Category Electronics
Published Date March 2020
Updated Date Jan 2022
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