Installation of people counting systems in workspaces and integration of 4D technology in video-based people counters

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DUBLIN, December 24, 2021 / PRNewswire / – The “Global People Counting Systems Market by Type (One-way, Two-way), Technology (Thermal Imaging, Video-based), Supply, End User and Region – Forecast to 2026” the report was added to ResearchandMarkets.com offer.

The global people counting systems market is expected to reach $ 1.4 billion by 2026 based on an estimate $ 0.9 billion in 2021, at a CAGR of 9.4% from 2021 to 2026.

The incorporation of people counting systems for end users such as retail stores, supermarkets and shopping malls, and transportation are among the factors driving the growth of the people counting systems market.

The bidirectional segment market is expected to grow at the highest CAGR during the forecast period. Growth is attributed to benefits such as retail analytics, queue management, staff optimization, and space utilization. These people counting systems can identify whether a person is entering or exiting the entrance. They allow end users to count the number of visitors to a particular floor or area, as well as the direction they used to enter / exit. Sensors used in two-way people counting systems can scan areas 200 times / second, allowing them to work with over 95% accuracy.

In video people counters held the largest size of the people counting systems market, and a similar trend is expected to be observed during the forecast period. The growth can be attributed to a high demand for accuracy, as this technology is able to provide a more accurate count of visitors compared to other technologies. These systems have about 95% accuracy and can count in both directions; they can be linked to modern analytical systems that help end users to perform in-store analysis, dwell time measurement, queue management, etc.

The hardware segment of the people counting systems market is expected to register the highest CAGR during the forecast period. The ability to collect more precise data needed to give an accurate number of visitors plays a crucial role in expanding the market for hardware offerings. Companies have invested heavily in developing additional technologies that can operate in harsh environments without affecting the efficiency of people counting systems.

The end user of retail stores, supermarkets and shopping malls held the largest size of the people counting systems market in 2020 and a similar trend is expected to be seen during the forecast period. The increase in the number of shopping centers in emerging countries such as Brazil, India, and China contributes to the growth of the market for people counting systems. Retailers can also benefit from people counting systems by obtaining key performance indicators (KPIs) that characterize their current business scenarios. In addition, major companies have improved their product portfolios and made deals by signing deals with various retail stores, malls and supermarkets to improve customer loyalty by adopting people counting systems.

Premium previews

  • Attractive growth opportunities in the People Counting Systems Market – Growing economies and emerging applications to fuel the growth of the People Counting Systems Market during the forecast period
  • People Counting Systems Market, By Type and Technology – Two-way and video people counting systems to hold the largest market share, by type and technology, respectively, in 2026
  • People Counting Systems Market, By Offer – The hardware segment to account for a larger share of the People Counting Systems Market, by Offer, in 2021 and 2026
  • People Counting Systems Market, By End User – Retail stores, supermarkets and shopping malls united to represent largest size of people counting systems market in 2026
  • People Counting Systems Market, By Country – China will register the highest CAGR in the global people counting systems market during the forecast period


Market dynamics

Conductors

  • Growing deployment of people counting systems in retail stores and public places to maintain occupancy limits for social distancing due to the COVID-19 outbreak
  • Growing focus of retailers, libraries and transportation hubs on installing public counters due to their long term benefits
  • Growing adoption of people counting systems to measure marketing effectiveness

Constraints

  • Increased risks to confidentiality
  • Rapid growth of the e-commerce industry

Opportunities

  • Integration of 4D technology in video-based people counters
  • Installation of people counting systems in workspaces

Challenges

  • Differential store measures limiting the efficiency of video-based counters
  • Negative impact of COVID-19 on inventory management and manufacturing capacity of people counting devices

Trends / disruptions affecting customer activities

  • Change in revenue and new pockets of revenue for people counting systems market players

Company Profiles:

  • Axiomatic Technology Ltd.
  • Clever Devices Ltd.
  • TO DELETE
  • Density
  • DILAX Intelcom GmbH
  • Eurotech
  • FootfallCam
  • Hella Aglaia Mobile Vision GmbH
  • IEE SA
  • Infodev Electronic Designers International Inc.
  • Infrared Integrated Systems Ltd.
  • Inkryptis IA
  • Iris-GmbH infrared and intelligent sensors
  • RetailNext
  • SensMax Ltd.
  • Sensormatic Solutions
  • Sensource inc.
  • Teledyne Flir LLC
  • Traf-Sys
  • V-count
  • Vivotek Inc.
  • Xovis AG

For more information on this report, visit https://www.researchandmarkets.com/r/wb9q17

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