The increasing necessity of obtaining precise information related to the visitor visited in places such as shopping malls, hotels, and many more places. The people counting system provides various information such as outdoor and indoor analysis for reducing false alarms chances as well as traffic analysis too, which further lead towards the growth of the people counting system market in the forecast period.
MARKET SCOPE
The "Global People Counting System Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the people counting system market with detailed market segmentation by type, technology, offering, end user, and geography. The report provides key statistics on the market status of the leading people counting system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global people counting system market is segmented into unidirectional and bidirectional.
- On the basis of technology, the market is segmented into infrared beam, thermal imaging, video-based technology, and others.
- Based on offering, the market is segmented into hardware and software.
- Based on end user, the market is segmented into retail stores, transportation, corporate, hospitality, banking and financial institutes (BFSI), healthcare, and others.
MARKET DYNAMICS
Drivers:
- The rising concerns for safety and security at public places and increasing need for people counting systems in hospitality, sports, and entertainment applications are the primary drivers for the growth of the people counting system market.
- The mounting inclination toward deploying technologically advanced people counting systems, creating opportunities for the people counting system market in the coming years.
Restraints:
- Lack of awareness may hinder the growth of the people counting system market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The people counting system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the people counting system market in these regions.
IMPACT OF COVID-19 ON PEOPLE COUNTING SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the people counting system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from people counting system market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the people counting system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Axiomatic Technologies Corporation
- Axis Coummunications AB
- Countwise
- Dilax Intelcom GmbH
- Eurotech
- HELLA AGLAIA MOBILE VISION GMBH
- IEE Smart Sensing Solutions
- InfraRed Integrated Systems Ltd
- RETAILNEXT, INC.
- Shoppertrak (Johnson Controls)