People Counting System Market-Overview

The rise in population globally has necessitated the demand for control measures, especially at POS, motivating the people counting system market 2020. The SEM industry reports are produced by Market Research Future, which highlights market options for expansion. The market is estimated to be guided by an 18.2% CAGR in the forecast period.

The growing security concerns, coupled with the need to ensure lower wait times, are estimated to promote the growth of the people counting system industry. Moreover, as seen in the current pandemic situation of COVID -19, it is essential to enforce social distancing in essential facilities, and people counting systems can potentially reduce the possibility of infections.

Key Players

The key players operating in the global People Counting System Market are  RetailNext, Inc (US), Traf-Sys Inc (US), ShopperTrak RCT Corporation (US), Axis Communications AB (Sweden), Infrared Integrated Systems Ltd (UK),FLIR Systems, Inc (US), HELLA GmbH & Co. KGaA (Germany), Eurotech SpA (Italy), Siemens AG (Germany), iris-GmbH infrared & intelligent sensors (Germany), V-Count (US).

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Market Segmentation:

The segmental evaluation of the people counting system market is carried out on the basis of connectivity, type, product, application, and region. Based on the type, the people counting system market is divided into bidirectional and unidirectional. On the basis of connectivity, the people counting system market is divided into wireless and wired. The segmentation of the people counting system market on a product basis consists of overhead people counting system and horizontal beam counting system. Based on the application, the people counting system market consist of government, sports & entertainment, banking & finance, retail, transportation, hospitality, others. On the basis of regions, the people counting system market is segmented into Europe, the Middle East, North America, Africa, South America, and Asia-Pacific.

Regional Analysis:

The regional assessment of the people counting system market includes regions such as Europe, the Middle East, North America, Africa, South America, and Asia-Pacific. The regional market in North America was responsible for the principal market share in 2018, with a superior market value. The people counting system market in the North American region is likely to register an incremental CAGR during the forecast period. The European region was the second primary market in 2018, valued highly in terms of earning potential. The people counting system market is likely to exhibit a CAGR of 18.5% in the European regional market. However, the regional market in the Asia-Pacific is anticipated to record a peak CAGR of 21.1%. The expansion in the North American region is motivated by the significant presence of chief retail outlets in the region. Moreover, the quick adoption of people counting systems in hospitality, public transportation, and entertainment sector is estimated to spur the global market favorably.

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Intended Audience

Investors and consultants
System Integrators
Government Organizations
Research/Consultancy firms
Technology solution providers
Hardware manufacturers
Entertainment Sector
Sports Organization

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