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Global Real-time People Counting System Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of xx% over the forecast period 2020-2027.

Global Real-time People Counting System Market

 

Global Real-time People Counting System Market

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The report covers an in-depth analysis of COVID-19 pandemic impact on Global Real-time People Counting System Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Real-time People Counting System Market Dynamics:

Real-time people counting system consists of individual counter devices that calculate the number and position of individuals traversing any entrance or passage per unit time. This system is commonly used to monitor the total number of visitors at the entrances of buildings. It is useful for protection and human control purposes, such as measurement of tourist movement and control of pedestrian traffic. Precise information on tourists at particular locations such as market places, shopping malls and department stores should be collected. The primary drivers of the global market for people counting systems are growing security issues in public areas, high demand for people counting systems from the transport sector and increasing investment by key players in people counting systems to build advanced and creative people counting devices. However, in the coming years, the high costs involved in advanced people counting systems are expected to constitute a restriction on consumers' adoption of the people counting system. In the coming years, the technological limitation of the method of people counting is expected to serve as an obstacle for key market players.

Counting and reporting the number of individuals entering and leaving a given region helps to build ways to find opportunities for change. Real time people counting system will alert operators to potentially dangerous circumstances in crowded environments such as shopping malls airports and train stations without having to commit manpower for monitoring. The real-time counting system offers information that is useful for different purposes, including detailed outdoor and indoor analysis to minimise false data. Intelligent transportation solution (ITS) growth and the introduction of advanced technologies create profitable market opportunities for providers of real-time people-counting systems. There are different forms of person counting technologies available on the market. These can be divided generally into two categories: static systems and on-board systems. In cars, on-board systems are embedded, while static systems are built at stations. On-board systems consist functionally of sensors and on-board computers that translate and store the sensor-registered information into passenger counts. A common technique for counting in these systems is infra-red (IR) sensing. Cameras, pressure-sensitive pads, and horizontal beams are other methods employed.

Global Real-time People Counting System Market is segmented by type, by offering, industry vertical, and connectivity, technology and by region. By type, bidirectional is anticipated to account for a major share during the forecast period in 2019 and is expected to keep its dominance over the forecast period owing to the ability of an individual both on entering and exit along with the direction. In the upcoming years, the increasing need for bidirectional type to handle and further synchronise with several different channels using a single console is expected to boost the growth. By offering, hardware held the highest market share in 2019 due to the growth of the hardware component market is due to the ability to obtain more detailed data needed to have the exact count of visitors. The companies have invested heavily in designing more hardware that can work without losing the efficacy of people-counting systems in harsh environments. By industry vertical, retail segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period due to the retailers are widely deploying counter-based devices by counting and monitoring customers within the stores as they help in-store analytics. Person counting systems enable retailers to generate key performance indicators (KPIs) for employee optimization. By connectivity, video-based segment held the largest market share due to the wide acceptance of retailers such as retail stores, supermarkets, and shopping malls, transportation, corporate, hospitality, banking and financial institutions, and others, broad acceptance of video-based people counting systems. In addition, technical developments in video-based people counting systems are expected to generate tremendous opportunities for video-based people counting systems soon, such as 4D video-based people counting technology.

By geography, global real-time people counting system market is segmented into North America, APAC, Europe, ME & Africa, and South America. Among these, North America held the highest market share of xx% in 2019 and is expected to keep its dominance over the forecast period owing to the growing demand across various end-user industries for advanced technology in this region. The service in the market in APAC is forecasted to expand a significant pace on account of the growing penetration of internet as well as digitization in countries such as India, China, Korea, etc.

Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger & acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.

The objective of the report is to present a comprehensive analysis of the Global Real-time People Counting System Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Real-time People Counting System Market dynamics, structure by analyzing the market segments and project Global Real-time People Counting System Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Real-time People Counting System Market the report investor’s guide.

 

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Scope of Global Real-time People Counting System Market: Inquire before buying

Global Real-time People Counting System Market, by Type

• Unidirectional
• Bidirectional
Global Real-time People Counting System Market, by Offering

• Hardware
• Software
Global Real-time People Counting System Market, by Industry Vertical

• Education
• Gaming
• Transportation
• Government
• Aerospace & Defense
• Media & Entertainment
• Retail
• Banking Financial Services and Insurance
• Others
Global Real-time People Counting System Market, by Connectivity

• Wired
• Wireless
Global Real-time People Counting System Market, by Technology

• Infrared Beam
• Thermal Imaging
• Video-Based
• Others
Global Real-time People Counting System Market, by Region

• North America
• APAC
• Europe
• ME & Africa
• South Africa
Global Real-time People Counting System Market Major Players

• Traf-Sys Inc
• RetailNext, Inc
• Johnson Controls
• Infrared Integrated Systems Ltd
• Axis Communications AB
• FLIR Systems, Inc
• Siemens AG
• Eurotech SpA
• iris-GmbH infrared & intelligent sensors
• HELLA GmbH & Co. KGaA
• V-Count
• Axiomatic Technology
• CountWise
• Dilax Intelcom GmbH
• IEE S.A.
• Xovis AG

 

This Report Is Submitted By : Maximize Market Research Company

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