Recent advancements are driving the growth of the people counting systems' global market share. End users will be persuaded to spend money on cutting-edge people counting technology by these new developments. Additionally, when more new products hit the market, market sellers will face greater rivalry, which will spur innovation and uniqueness. These elements are estimated to drive the global market for people systems throughout the course of the forecasted timeframe. Retail businesses are utilising technology to streamline processes, increase client satisfaction, and increase profitability. The sector is expected to expand more quickly as a result of the advancement of 4D technology and its integration with video-based population counts. Due to their greater precision, 4D people counting technologies offer a lucrative opportunity for this sector. In comparison to 3D and 2D systems, these systems have a variety of benefits, including the capacity to detect minors, track dwell time, provide occupancy data, and improve visualisation. Additionally, the sector is predicted to expand over the forecasted time because to the increase in demand for occupancy monitoring, customer behaviour analytics, and visitor footfall counts. To enhance passenger security and control incoming traffic during peak hours, airports, subway stations, and other transit facilities must accommodate a real number of people based on the number of seats that are available.
Worldwide sales of people counting systems have been impacted by the COVID-19 outbreak. However, it has given the stakeholders in the ecosystem both opportunities and challenges. Due to their inability to assist end users in preserving social distance, firms who provide unidirectional people counting systems using Wi-Fi, Bluetooth, and pressure mat-based technologies, for instance, have been the most affected by COVID-19. On the other hand, end users, such as retailers, supermarkets, shopping centres, and transportation, among many others, are embracing visitor tracking and counting systems. These end users mostly employ bi-directional people counting systems based on thermal and video technologies, allowing them to gather visitor information in real-time and safeguard the security of customers and staff. By improving their products to promote public safety, market players are profiting from COVID-19. The market for people counting systems is expected to be fuelled by the e-commerce sector's rapid growth as well as the growing attention that businesses, libraries, and transportation hubs are giving to installing public counters. Additionally, it is anticipated that as these techniques are increasingly used to evaluate marketing performance, the market for people counting systems will grow more slowly. On the other hand, it is projected that the market for people counting systems will slowly grow during the forecast period due to the growth in privacy risks.
The Global People Counting System Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as: Axiomatic Technologies Corporation, Axis Communications AB, Countwise, , Dilax Intelcom GmbH, Eurotech, Flir Systems Inc, FootfallCam, Giga-Byte Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd, Hella Aglaia Mobile Vision Gmbh, Infodev Electronic Designers International inc, InfraRed Integrated Systems Ltd, Iris-GmbH infrared & intelligent sensors, Johnson Controls, RetailNext Inc, SensMax LTD, Sensormatic Solutions, Teledyne Flir LLC, Traf-Sys , V-Count, Xovis AG.
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2032. This report provides data for growth estimates and forecasts for product type segment – By Type (Unidirectional, Bidirectional), By Technology (Infrared Beam, Thermal Imaging, Video-based Technology, Others), By Mounting Platform (Ceiling, Wall, Floor), By End User (Retail, Supermarkets, & Shopping Malls, Transportation, Hospitality, Corporate, BFSI, Healthcare, Others), By Connectivity (Wireless, Wired), By Product (Horizontal beam counting system, Overhead people counting system), By Offering (Hardware, Software).
This report also provides the data for key regional segments of North America, Europe, Asia-Pacific and Rest of the World.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.