People Counting System Market: Global Industry Analysis and Forecast (2024-2030)

People Counting System Market size was valued at US$ 1.18 Billion in 2023 and the total People Counting System revenue is expected to grow at 9.3% through 2024 to 2030, reaching nearly US$ 2.19 Billion.
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.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.

• 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 2023. 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.

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 2023 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.
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People Counting System Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1.18 Bn.


Forecast Period 2024 to 2030 CAGR:
9.3%
Market Size in 2030:
US $ 2.19 Bn.


 Segments Covered:
by Offering
1. Software
2. Hardware


by Type
1. Unidirectional
2. Bidirectional


by Technology
1. Infrared Beam
2. Thermal Imaging
3. Video-Based
4. Others


by End-User
1. Retail, Supermarkets and Shopping Malls
2. Transportation
3. Corporate
4. Hospitality
5. Banking and Financial Institutes
6. Healthcare
7. Sports and Entertainment
8. Others



People Counting System Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
People Counting System Market Key Players
1. RetailNext
2. ShopperTrak
3. Eurotech
4. Axiomatic Technology
5. CountWise
6. Dilax Intelcom GmbH
7. IEE S.A.
8. iris-GmbH
9. FLIR Integrated Imaging Solutions, Inc.
10. V-Count
11. XOVIS AG
12. Infodev Electronic Designers International Inc.
13. Axiomatic Technology
14. Traf-Sys Inc
15. Siemens AG

Frequently Asked Questions:

1. Which region has the largest share in Global People Counting System Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global People Counting System Market?
Ans: The Global People Counting System Market is growing at a CAGR of 9.3% during forecasting period 2024-2030.

3. What is scope of the Global People Counting System Market report?
Ans: Global People Counting System Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global People Counting System Market?
Ans: The important key players in the Global People Counting System Market are – 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

5. What is the study period of this Market?
Ans: The Global People Counting System Market is studied from 2023 to 2030.