The People Counting System Global Market Report 2023, provides comprehensive information on the people counting system market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s People Counting System Global Market Report 2023, the global people counting system market size is expected to grow from $1.34 billion in 2022 to $1.59 billion in 2023 at a compound annual growth rate (CAGR) of 18.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global people counting system market size is expected to grow to $3.05 billion in 2027 at a CAGR of 17.8%.
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The development of video-based counting systems is a key trend gaining popularity in the people counting system market. Major companies in the market are introducing innovative video-based counting systems to sustain their position in the market. For instance, in December 2020, V-Count, a US-based visitor analytics technology manufacturer, launched new state-of-the-art Ultima-AI people counting sensor. The new product uses advanced 3D active stereo vision technology and AI-based target tracking and the highest counting accuracy in the industry. This approach is suitable for all the core solutions of queue management, gender and age recognition, people counting, zone counting and heatmap, and real-time occupancy with advanced features.
The people counting system market is segmented:
1) By Type: Unidirectional, Bidirectional
2) By Offering: Hardware, Software
3) By Mounting Platform: Ceiling, Wall, Floor
4) By Technology: Infrared Beam, Thermal Imaging, Video-based Technology, Other Technologies
5) By End User: Retail, Supermarkets, and Shopping Malls, Transportation, Hospitality, Corporate, Banking, Financial Services and Insurance (BFSI), Healthcare, Other End Users
North America was the largest region in the people counting system market in 2022.
The table of contents in TBRC’s people counting system market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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