People Counting System Market Share 2022 In-depth Insights by Industry Size, Growth Prospects, future Demand, and Opportunities Forecast to 2030

The "People Counting System Market" report 2022 provides in-depth information on the business overview, policy, regional market, production development, sales, regional trade, business operation data, market features, investment opportunity, investment calculation and other important aspect of the industry. People Counting System market research report gives an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the People Counting System market is based on company profiles and their efforts on increasing product value and production. It also covers analysis of global market including growth history, competitive background analysis, and major regions' development status.

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Market Overview:
The people counting system market is expected to grow at a CAGR of 12% during the forecast period. With the integration of IoT and cloud services for stimulating the building security is likely to augment the demand for people counting systems. The deployment of such devices has increased in recent years due to the government rules and mandates owing to the increase in acts of terrorism and violence in malls, events, and clubs.
- This system has gained market traction in almost all sectors; however, retail and commercial spaces tend to dominate the market. The rising number of supermarkets, shopping malls, and retail stores are boosting the adoption of people counting technologies worldwide.
- In retail stores, these systems are deployed to calculate the conversion rates, staff planning, and hence enhance marketing effectiveness. It is also used for crowd management in crowded places such as shopping malls and concerts, where other than crowd management it is also used for monitoring high-traffic areas.
- On the other hand, the massive growth in the e-commerce industry and the expanding online sales channel pose a significant threat to the brick and mortar stores, which in turn is adversely affecting the growth of the market.

Major key players are given in the report are:
FLIR Systems, Inc.
IEE SA
Axis Communications AB
RetailNext Inc.
Traf-Sys Inc.
HELLA Aglaia Mobile Vision GmbH
Iris GmbH
ShopperTrak
InfraRed Integrated Systems Ltd.
Eurotech SPA
SensMax.

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Report Scope:
The people counting system consists of the counter device integrated with a surveillance camera and facial recognition technology that measures the number of people and the direction in which they travel. The people counting system is widely used in the entrance and exist of shopping malls, retail stores, government buildings, and many other public places, where there is a chance of high crowd.

Key Market Trends:

Retail Sector to Dominate the Market
- As the retail sector is booming with the advent of advanced technologies, the retail stores are leveraging technological solutions to optimize operations, improve customer satisfaction, and boost profitability, hence driving the need for people counting systems.
- People counting devices helps retailers record the number of footfalls, conversion rates, lost sales opportunities. The managers can then compare these numbers and hence determine the pattern in consumer behavior. These features help them devise a new marketing campaign or plan a new product launch effectively.
- These devices also help the store managers to improve in-store operations like staffing, customer service, and product restocking. Apart from calculating footfall, the store managers are also able to manage the crowd effectively. These factors are the major factors expected to stimulate market growth in the retail sector in the forecast period.
- However, the massive growth in the e-commerce sector and the rise of various online shopping websites is expected to hinder the market growth as it is expected to slow down the adoption of the people counting devices.

Asia-Pacific Expected to Grow Significantly
- The Asia-Pacific region is expected to register the highest growth rate in terms of adoption of the people counting systems primarily due to the increasing number of retail stores, supermarkets, shopping malls, etc. Furthermore, government initiatives in favor of foreign retailers in India are also leading to the rising number of retail stores in the Asia-Pacific.
- Moreover, the presence of infrastructures such as bus stations, airports, and train stations, coupled with many upcoming projects, are triggering the deployment of people counting systems. Also, the expansion of the hospitality industry is facilitating the growth of the market in the region.
- Increasing urbanization, growing middle-class population, and changes in the spending habits of consumers have propelled the growth of the retail sector in APAC. This has led many players in the people counting system market to invest in this region as the retail sector is one of the major end-users of people counting systems.

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Key questions answered in the report include:
What will the market size and the growth rate be in 2030?
What are the key factors driving the global People Counting System market?
What are the key market trends impacting the growth of the global People Counting System market?
What are the challenges to market growth?
Who are the key vendors in the global People Counting System market?
What are the market opportunities and threats faced by the vendors in the global People Counting System market?
Trending factors influencing the market shares of the relevant regions.
What are the key outcomes of the five forces analysis of the global People Counting System market?

Highlights of People Counting System Market report:
Provides market definition and overview by studying objectives like market scope and market size estimation.
Provides research methods and logic based on historic data.
Analysis market competition, market performance worldwide, manufactures basic information, Sales, Value, Price and Gross Margin.
Analysis on segmentation of types, applications and regions based on historical Data and market forecasts.
People Counting System Market Overview and Trends includes Porter's Five Force Framework: Bargaining Power of Suppliers, Bargaining Power of Consumers, Threat of New Entrants, Threat of Substitute Products and Services, Competitive Rivalry within the Industry
Report includes People Counting System Market Dynamics comprises of Drivers, Restraints, Opportunities
People Counting System Market Key Vendor Analysis with (Overview, Products & Services, Strategies)
Competitive Landscape Analysis which includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches

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Some Main Points From TOC:

1 INTRODUCTION

1.1 Scope of the Study

1.2 Study Deliverables

2 RESEARCH METHODOLOGY

2.1 Study Assumptions

2.2 Analysis Methodology

2.3 Research Phases

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Increased Adoption of Automation Systems

4.3.2 Ease of Use and Familiarity with PLC Programming to Sustain Growth

4.4 Market Restraints

4.5 Industry Attractiveness- Porter's Five Forces Analysis

4.5.1 Threat of New Entrants

4.5.2 Bargaining Power of Buyers/Consumers

4.5.3 Bargaining Power of Suppliers

4.5.4 Threat of Substitute Products

4.5.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Type

5.2 By End-user Industry

5.3 Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.1.3 Mexico

5.3.2 Europe

5.3.2.1 United Kingdom

5.3.2.2 Germany

5.3.2.3 France

5.3.2.4 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 China

5.3.3.2 Japan

5.3.3.3 India

5.3.3.4 Rest of Asia-Pacific

5.3.4 Latin America

5.3.4.1 Brazil

5.3.4.2 Mexico

5.3.4.3 Rest of Latin America

5.3.5 Middle East & Africa

5.3.5.1 GCC

5.3.5.2 South Africa

5.3.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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