DUBLIN--(BUSINESS WIRE)--The "People Counting System Market by Technology (IR Beam, Video-Based, Thermal Imaging), Hardware and Software, End User (Retail Stores, Supermarkets, and Shopping Malls, Transportation, Corporate, Hospitality), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The people counting system market is in the growth phase and is estimated to be valued at US$694.7 million in 2018. The market is expected to be worth US$1,150.2 million by 2023, growing at a CAGR of 10.6% between 2018 and 2023.
The drivers for this market include the growing retail sector and increased adoption rate of people counting technologies, the availability of low-cost and easy-to-set-up people counting solutions, and increasing need for people counting solutions in the transportation sector. However, location inaccuracy and privacy concerns in Wi-Fi- and Bluetooth-based people counting technologies are expected to act as major challenges for this market.
The growing retail sector, increased adoption rate of people counting technologies, availability of low-cost and easy setup solutions, and increasing need for people counting in the transportation sector are some of the factors driving the growth of the people counting system market. Advancements in people counting solutions and growth of emerging markets (such as Latin America, the Middle East, and Africa) are some of the factors providing opportunities for the people counting system market.
The market in APAC is expected to grow at the highest CAGR owing to the increasing number of retail stores, supermarkets, and shopping malls in the region. In addition, government support to increase the presence of foreign retailers in India also helps in increasing the number of retail stores in APAC.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 People Counting System Market, By Technology
7 People Counting System Market, By Hardware and Software
8 People Counting System Market, By End User
9 People Counting System Market, By Geography
10 Competitive Landscape
11 Company Profiles
- Axiomatic Technology
- Axis Communications
- Clever Devices
- Dilax Intelcom
- Hella Aglaia Mobile Vision
- IEE S.A.
- Infodev Electronic Designers International
- Infrared Integrated Systems (IRISYS)
- Innovation in Traffic Systems Ag
- Point Grey Research
- Retail Sensing
- Startup Ecosystem
- Xovis Ag
For more information about this report visit https://www.researchandmarkets.com/research/w3jsw6/people_counting?w=4