Global person counting system market accounted for USD 630.2 million in 2017 and is projected to grow at a CAGR of 11.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Competitors:
- Axis Communications AB,
- HELLA Aglaia Mobile Vision GmbH,
- InfraRed Integrated Systems Ltd.,
- RetailNext, Inc.,
- EUROTECH S.p.A.,
- Axiomatic Technologies Corporation,
- Countwise LLC,
- DILAX Intelcom GmbH,
- FLIR Integrated Imaging Solutions, Inc.,
- XOVIS AG,
- Infodev Electronic Designers International inc
- among others.
The global people counting system market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Major Market Drivers and Restraints:
- Increasing retails stores and advent of people counting technologies
- Low cost of people counting solutions
- Rising demand for people counting solutions in transportation sector
- Increasing online sales channel
- The people counting system market consists of technology, hardware and software, end-user and geography.
- Based on technology the market is segmented into infrared beam, thermal imaging, video-based and others.
- On the basis of hardware and software the market is segmented into hardware and software. The hardware segment is sub segmented into thermal cameras, infrared, fixed camera, fixed dome camera, pan, tilt, and zoom.
- On the basis of end-user the market is segmented into retail stores, supermarkets, and shopping malls, transportation, corporate, hospitality, banking and financial institutes, healthcare, sports and entertainment and others
- Based on geography the global people counting system market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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