Press release
Retail, supermarkets and shopping malls end-user is expected to gain a significant share of people counting system market by 2025
Retail, supermarkets and shopping malls end-user is expected to gain a significant share of people counting system market by 2025The global people counting system market is expected to grow from USD 818 million in 2020 to USD 1,333 million by 2025; it is estimated to grow at a CAGR of 10.3% during 2020–2025. Key factors fueling the growth of this market include the ongoing technological advancements in the retail industry, rising concerns for safety and security at public places, growing need for people counting systems in hospitality, sports and entertainment applications, and the surging demand for people counting systems to ensure the safety of people in public places and retail stores in the midst of COVID-19.
The people counting system is a device that accurately measures the number of visitors in retail stores, shopping malls, corporate offices, event centers, banking and financial institutes, and other locations. The collected people count data helps end-users to predict visitor’s behavior in a physical space, determine visitor frequency and buying patterns, and measure the effectiveness of marketing campaigns. People counting devices work on several technologies such as infrared beam, thermal imaging, video based, and other technologies. A few of the major end-user include retail, supermarkets, and shopping malls, transportation, corporate, hospitality, banking and financial institutes, healthcare, sports and entertainment, and other end users.
https://www.marketsandmarkets.com/Market-Reports/people-counting-system-market-206905443.html
The market for video-based people counting system is expected to grow at a higher CAGR within the global people counting system market during the forecast period. The growth of the market for people counting systems using video-based technology can be attributed by their ability to offer a more accurate count of visitors or shoppers than any other technology. Video-based people counting systems operate based on 2D, 3D, and 4D video technologies. IRISYS (UK) offers 4D video people counting systems for both indoor and outdoor applications in several areas such as retail stores, supermarkets, shopping malls, museums and galleries, train stations and airports, and outdoors and city centers.
The bidirectional people counting system market is expected to grow at a higher CAGR than that of unidirectional people counting system during the forecast period. Bidirectional people counting systems are gaining pace in the people counting system market since the past few years due to their ability to get the direction of a person whether he/she is going in or out of an entrance. Establishments, which have common entry and exit doors and require the exact number of people entering or exiting a particular area are the major users of bidirectional people counting systems. Furthermore, bidirectional people counting systems’ ability to operate based on technologies including infrared beam, thermal imaging, video based, and others makes them suitable for many people counting applications. Video-based people counting systems offer high accuracy for low- as well as high-volume traffic.
The people counting system market in APAC is expected to grow at the highest CAGR during the forecast period. The growth in this region is attributed to high investments by people counting system manufacturers. The Asian countries, such as China, Japan, and India, have been involved in taking initiatives to encourage industries to set up manufacturing and R&D facilities in their countries. For instance, the Indian government has started the “Make in India” program to attract huge foreign investments and businesses in India, which is expected to fuel the growth of people counting systems manufacturers soon. Furthermore, the increasing population is also expected to create opportunities for several end-users, such as retail stores, supermarkets, and shopping malls, transportation, corporate, hospitality, banking and financial institutes, and others, which in turn will drive the market for people counting systems.
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Retail, supermarkets and shopping malls end-user is expected to gain a significant share of people counting system market by 2025 here
News-ID: 2080273 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…