According to a new report published by Reports Monitor titled, “People Counting System Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the People Counting System Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the People Counting System Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
People counting system is the electronic device which is used to measure the count of people crossing a passage or entrance. The example includes thermal imaging systems, Wi-Fi trackers, and others. These devices are commonly used by retail formation to judge the effectiveness of market campaigns, constructing design and layout, and the popularity of specific brands. This system is also used in the entrance of building to record the total count of visitors.
The system is used for crowd management and monitoring of high traffic areas in places such as shopping malls and concerts. Rising retails sectors and growing adoption rate of people counting technologies lead to the market growth. There is also demand for people counting solution in the transportation sector, this gives rise to the growth of the market.
The opportunities which can strengthen the growth of the market are the improvement in people counting solutions such as availability of people counting technologies. Location inaccuracy and privacy concerns in Wi-Fi– and Bluetooth-based people counting technologies are the challenges in the market growth. The restraining factors hampering the market growth include booming E-commerce industry and increasing online sales channels.
Key Question Answered:
- What will be the market size in 2025 and at what rate it will grow?
- Who are the major key players in global people counting system market and what are their strategies?
- Which vertical industry is expected to show major growth?
- What segment and region will lead the market and why?
The major companies profiled in the report include: Countwise LLC, Dilax Intelcom GmbH, Eurotech S.P.A, Hella Aglaia Mobile Vision GmbH, IEE S.A, Infrared Integrated Systems Ltd. (IRISys), IRIS-GmbH, Point Grey Research Inc, Retailnext Inc, Shoppertrak.
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