Global People Counting System Market Segments 2024, Forecast To 2033
5 Mar, 2024
The people counting system market has grown rapidly, advancing from $1.59 billion in 2023 to $1.88 billion in 2024, showcasing a compound annual growth rate (CAGR) of 18.4%. This growth is attributed to retail analytics demand, public safety needs, and the evolution of smart buildings. Looking ahead to 2028, the market is forecasted to achieve $3.6 billion, maintaining a 17.6% CAGR. Anticipated catalysts include retail analytics evolution, smart city initiatives, and integration with IoT and AI.
Global People Counting System Market Key Driver
People counting system market growth is propelled by increasing global smart city initiatives. Smart cities employ ICT for enhanced operational efficiency and infrastructure development. Governments worldwide allocate substantial funds, like the US investing $500 million in 2021. India's budget increased from $457 million to $868 million in FY 2021-22. Smart city projects fuel demand for people counting systems to gather data for infrastructure improvement.
Get A Free Sample Of The Global People Counting System Market ReportGlobal People Counting System Market Segments
The people counting system market covered in this report is segmented –
1) By Offering: Hardware, Software
2) By Type: Unidirectional, Bidirectional
3) By Mounting Platform: Ceiling, Wall, Floor
4) By Technology: Infrared Beam, Thermal Imaging, Video-based Technology, Other Technologies
5) By End User: Retail, Supermarkets, and Shopping Malls, Transportation, Hospitality, Corporate, Banking, Financial Services and Insurance (BFSI), Healthcare, Other End Users
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the people counting system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the people counting system market report during the forecast period. The regions covered in the people counting system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major People Counting System Industry Players
FLIR Systems Inc.; Axis Communications AB; Iris-GmbH; HELLA GmbH & Co KGaA; Eurotech SpA; V-Count Inc.; Traf-Sys Inc.; RetailNext Inc.; ShopperTrak Rct Corp; InfraRed Integrated Systems Ltd.; SensMax Ltd.; Axiomatic Technology Corporation; Xovis AG; Infodev Electronic Designers International Inc.; Sensormatic Electronics Corporation; iris intelligent sensing NA Inc.; Johnson Controls International plc; Koninklijke Philips NV; Brickstream Corporation; Countwise LLC; DILAX Intelcom GmbH; IEE SA; KLA Corporation; Mersive Technologies Inc.; NEC Corporation; Omron Corporation; Panasonic Corporation; Point Grey Research Inc.
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AIOps People Counting System Market Overview
The people counting system is an electronic device that detects how many people are there in a closed space such as a store or office. This system is used by enterprises for getting the headcount at a given time.
People Counting System Global Market Report 2023 provides data on the global people counting system market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The people counting system market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.