Press release
People Counting System Market Size, Share, Demands, Trends, Key Players Analysis and Forecasts to 2028
People Counting System Market
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The people counting system market is a growing market driven by the increasing need for accurate and reliable data about foot traffic in various public and commercial spaces. People counting systems are used to monitor the number of people entering and exiting a particular area, such as a retail store, shopping mall, airport, or museum.
Based on technology, the people counting system market is segmented into infrared beam, video-based, thermal imaging, and others. The video-based segment is expected to hold the largest market share during the forecast period, owing to the increasing adoption of IP cameras and advanced analytics software for real-time data analysis and reporting.
Geographically, the people counting system market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to hold the largest market share during the forecast period, owing to the increasing adoption of advanced technologies in the retail and transportation sectors. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period, owing to the increasing number of shopping malls, supermarkets, and other commercial spaces in emerging economies such as China and India.
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Major players operating in the people counting system market include Axis Communications AB (Sweden), iris-GmbH infrared & intelligent sensors (Germany), VIVOTEK Inc. (Taiwan), RETAILNEXT, INC. (US), Hangzhou Hikvision Digital Technology Co., Ltd. (China), V-Count (UK), Eurotech (Italy), and Irisys (InfraRed Integrated Systems Ltd) (UK), among others. These companies are focusing on expanding their product portfolios, investing in research and development activities, and entering into strategic partnerships to enhance their market presence and stay competitive in the market.
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