openPR Logo
Press release

People Counting System Market worth $1,333 million by 2025

10-20-2020 10:48 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

According to the new research report, the "People Counting System Market by Type (Unidirectional, Bidirectional), Technology (Infrared Beam, Thermal Imaging, Video-Based), Offering, End-User (Retail Stores, Supermarkets, Shopping Malls, Transportation), Region - Global Forecast to 2025" is expected to grow from USD 818 million in 2020 to USD 1,333 million by 2025, 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.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=206905443

Retail, supermarkets and shopping malls end-user is expected to gain a significant share of people counting system market by 2025

The retail, supermarkets, and shopping malls end-user is expected to account for the largest share of the people counting system market by 2025. The growth of the market can be attributed to people counter ability to help retailers by providing KPIs that describe their current business scenario. On account of the ratio of traffic to sales, retailers can fairly and accurately compare stores with low sales volume to stores with high sales volume. Also, people counters help improve store operations by giving information about the number of people entering the store, passing by the store, duration of visitors, and the frequency of their visits.

Based on type, market for bidirectional people counting system to grow at the highest CAGR from 2020 to 2025

The market for bidirectional people counting systems is expected to grow at the highest CAGR from 2020 to 2025. The growth can be attributed to the ability of bidirectional people counting system for achieving several advantages such as more accuracy in conversion rate, easy installation, lesser human intervention, higher accuracy, direction detection, and more. Bidirectional people counting systems can count visitors through glass. Besides, by using video-based 3D technology, these people counting systems can offer capabilities such as filtering children from the total count in retail stores, as children don’t make any purchases. These systems have applications in retail stores, supermarkets, shopping malls, hotels, restaurants, museums, stadiums, libraries, corporate offices, and more.

People counting system market in APAC to grow at the highest CAGR during the forecast period

The people counting system market in APAC is expected to grow at the highest CAGR during the forecast period. The major factor driving the growth of the people counting system market in APAC is growing economies and emerging opportunities in different sectors such as retail, transportation, and hospitality. Also, the availability of a large number of emerging players is creating intense competition, which directly benefits customers. Hence, it is expected to spur the growth of the people counting system market in the near future.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=206905443

Key players in the market include HELLA Aglaia Mobile Vision GmbH (Germany), Infrared Integrated Systems (IRISYS) (UK), RetailNext (US), ShopperTrak (US), V-Count (Turkey), Eurotech (Italy), Axiomatic Technology (UK), CountWise (US), Dilax Intelcom GmbH (Germany), and IEE S.A. (Luxembourg). These players are increasingly undertaking product launches and developments, partnerships contracts, expansions, acquisitions, collaborations, mergers to increase their market shares.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

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 People Counting System Market worth $1,333 million by 2025 here

News-ID: 2164955 • Views:

More Releases from MarketsandMarkets

Transplant Diagnostics Market worth $6.8 million by 2028: Enabling Personalized Transplantation Approaches
Transplant Diagnostics Market worth $6.8 million by 2028: Enabling Personalized …
Transplant Diagnostics market was a rapidly growing sector within the healthcare industry. Transplant diagnostics involves a set of tests and procedures performed to assess the compatibility between a donor and recipient before organ or tissue transplantation. These tests are crucial to ensure successful transplant outcomes and minimize the risk of rejection. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=2531061&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral Transplant Diagnostics Market in terms of revenue was estimated to be worth $4.4 billion in 2022
Primary Cells Market worth $2.8 billion by 2028 | Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Lonza Group (Switzerland), Cell Biologics, Inc. (US)
Primary Cells Market worth $2.8 billion by 2028 | Thermo Fisher Scientific, Inc. …
Primary Cells Market in terms of revenue was estimated to be worth $1.7 billion in 2023 and is poised to reach $2.8 billion by 2028, growing at a CAGR of 10.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of this market can be attributed to factors such as the is government investments for cell-based research, rising growth in pharmaceutical & biotechnology industries, increasing cancer
Autoinjectors Market worth $104.9 billion by 2025 - Exclusive Report by MarketsandMarkets™
Autoinjectors Market worth $104.9 billion by 2025 - Exclusive Report by Marketsa …
Autoinjectors Market by Therapy (Rheumatoid Arthritis, Multiple Sclerosis, Anaphylaxis, Cardiovascular Diseases, Diabetes), Type (Disposable, Reusable), Route of administration (Subcutaneous, Intramuscular), End User (Hospital) - Global Forecast to 2025", published by MarketsandMarkets™, the Autoinjectors Market is projected to reach USD 104.9 billion by 2025 from USD 46.0 billion in 2020, at a CAGR of 17.9% from 2020 to 2025. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=173991724&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral Browse in-depth TOC on "Autoinjectors Market" 99 - Tables 55 - Figures 180
Cell Therapy Technologies Market Poised for Remarkable Growth, $7.8 Billion Expected by 2028
Cell Therapy Technologies Market Poised for Remarkable Growth, $7.8 Billion Expe …
Cell Therapy Overview: Cell therapy is a rapidly evolving field in regenerative medicine that involves the use of living cells to treat various medical conditions and diseases. These therapies can be categorized into two main types: autologous (using a patient's own cells) and allogeneic (using cells from a donor). Cell therapy holds great promise for treating a wide range of conditions, including cancer, autoimmune diseases, neurological disorders, and more. The cell therapy

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and