Press Release / Technology / People Counting System Market Research Report 2025 - By Type, By Application, By Technology
People Counting System Market Research Report 2025 - By Type, By Application, By Technology
By rugvedpande on February 21 2019 | 396 Views
People Counting System Market is set to exceed USD 2 billion by 2025; according to a new research report by Global Market Insights, Inc.
The people counting system market is growing at a rapid pace owing to the adoption of digitized systems for supporting regular operations across several application industries. These systems provide several operational enhancement benefits to installers such as staff optimization and tracking the busiest time slots. Moreover, the increasing awareness of business intelligence platforms in various industries such retail, entertainment, and hospitality are generating high demand for the advanced customer tracking solutions. The in people counting system market is also witnessing technological evolution, such as the development of 3D stereographic components, thermal imaging counters, and behavior analysis technologies, which is compelling the application industry players to adopt these advanced technologies.
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Increasing demand for the effective technologies to analyze, detect and convert potential customers, and for enhancing business sales and profitability is the major factor propelling the people counting system market. Several industrial sectors such as hospitals, restaurants, pubs and clubs are witnessing high adoption of the technology for tracking the number of customers entering or exiting the facility. These systems help companies to develop effective sales and marketing strategies for attracting the customers and analyzing the buying behavior. These strategies will further help them to compete with the major companies in terms of customer base and sales revenue. Such factors are predicted to boost the people counting system market growth.
Software based people counting systems are witnessing high growth owing to the increased requirement for the effective tools for managing the hardware components and to offer an effective platform for providing inputs and receiving output from the system. These software tools are anticipated to grow at a CAGR of around 15% over the forecast timespan and allow the operators to manage the systems functions, operations and perform several statistical tasks to improve the system performance. Several manufacturers are engaged in developing software technologies that will offer easy connection and authorization to these counting systems.
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In the people counting system market, entertainment & hospitality sector is witnessing high adoption of these systems due to the increase in customer crowd in restaurants, events, clubs and hotels. The adoption of these counting technologies in pubs, clubs and bars is growing rapidly with the increasing interest of the young generation to visit these places. These facilities have limited floor space which forces them to count the number of people entering the club, to avoid over crowded floor space.
The North America people counting system market is growing at a rapid pace owing to the presence of several system developers and customers in application industries. The rapid increase in retail sector establishments and the adoption of early technical advancements in the U.S. are the major driving factors in the market. The region has advanced transportation facilities that deploy automated management systems for efficient passenger service provision and staff allocation, which is supporting industry expansion.
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Major companies in the people counting system market include Axis Communications AB, Eurotech, FLIR Systems, Inc, Infodev Electronic Designers International, Inc., InfraRed Integrated Systems Ltd., Iris-GmbH Infrared & Intelligent Sensors, RetailNext, Inc, HELLA Aglaia Mobile Vision GmbH and V-Count among others. These players are developing specialized passenger counting systems with varied capabilities that provide better management capabilities to different application segments.
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Global Market Insights, Inc., Headquartered In Delaware, U.S., Is A Global Market Research And Consulting Service Provider; Offering Syndicated And Custom Research Reports Along With Growth Consulting Services. Our Business Intelligence And Industry Research Reports Offer Clients With Penetrative Insights And Actionable Market Data Specially Designed And Presented To Aid Strategic Decision Making. These Exhaustive Reports Are Designed Via A Proprietary Research Methodology And Are Available For Key Industries Such As Chemicals, Advanced Materials, Technology, Renewable Energy And Biotechnology.
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