Global People Counting System Market Favored by Mushrooming Shopping Malls in Emerging Economies

Published On : 11 Aug 2017 announces the availability of a fresh report, titled “Global People Counting System Market by Manufacturers, Countries, Type and Application, Forecast to 2022.” The report offers comprehensive assessment of all factors that may influence the demand for people counting system in the near future, catches the latest trends, segments the market on the basis of type and application, gauges the potential for it in various regional and country-wide markets, and profiles some of the key vendors currently operating in the global people counting system market. The report has been developed by a group of experienced market research analysts, and aspires to serve as a credible business tool for the stockholders of the people counting system market, such as raw material vendors, product and accessories manufacturers, component providers, software providers, and end-users such as retailers, shopping malls, transportation, corporates, banking and financial institutions, hospitality, sports and entertainment facilities. 

As per the findings of the report, the demand in the global people counting system market will continue to increment at an impressive CAGR during the forecast period of 2017 to 2022, owing to various factors such as growing need for people counting solutions in the transportation sector, the prosperity of retail sector, increasing adoption rate of people counting technologies, and the availability of low-cost solutions that can be set up pretty swiftly. On the other hand, the rapid growth of the e-commerce in various developed and emerging economies, location inaccuracy, and privacy concerns are hindering the people counting system market from attaining its true potential. Nevertheless, the vendors operating in the global people counting system market are expected to gain new opportunities from the advancements in these solutions, such as the availability of 3D people counting, growing popularity in the emerging markets such as Latin America and the Middle East and Africa.

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Based on product-type, the report segments the global people counting system market into IR beam, video-based, thermal imaging, and others. The accuracy rate of video-based people counting technology, which is about 95%, is gaining adoptability, as this technology can be used for counting of people in wide area sections as well as is ideal for mall operators. Application-wise, the report segments the global people counting system market into transportation, corporate and education, and retail store, supermarkets, and shopping malls. In the near future, the retail stores, supermarkets, and shopping malls category is anticipated to emerge as highly profitable application, particularly in the emerging economies such as China, India, Japan, Hong Kong, Singapore, and Malaysia. Geographically, the report takes stock of the potential of people counting system market in the regions of North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

Some of the key companies profiled in this report that currently occupy a prestigious position in the global people counting system market are: RetailNext, DILAX Intelcom GmbH, Axis Communication AB, Eurotech S.p.A., InfraRed Integrated Systems, Brickstream, Axiomatic Technology, Hikvision, WINNER Technology, V-Count, Xovis AG, Countwise LLC, ShopperTrak, IRIS-GmbH, HELLA Aglaia, Mobile Vision GmbH, and IEE S.A.

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