Sellbyville, DE -- (SBWire) -- 03/27/2019 --The North America people counting system market is witnessing a high growth due to the increased adoption of smart technological solutions in the retail and transportation industry for enhancing business operations and serving the customers effectively. Countries including the U.S. and Canada have implemented these technologies in large transportation projects. For instance, PHX Sky Train is an automated train, which is integrated with 500-pixel IRMA Matrix sensors with Time of Flight (TOF) technology. The growing adoption of these advanced technological solutions in industrial sectors will drive the people counting system market.
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Increasing demand for the effective technologies to analyze, detect and convert potential customers, and for enhancing business sales and profitability is the major factor propelling the people counting system market. Several industrial sectors such as hospitals, restaurants, pubs and clubs are witnessing high adoption of the technology for tracking the number of customers entering or exiting the facility. These systems help companies to develop effective sales and marketing strategies for attracting the customers and analyzing the buying behavior. These strategies will further help them to compete with the major companies in terms of customer base and sales revenue. Such factors are predicted to boost the people counting system market growth.
The thermal imaging technology is witnessing a steady adoption in the people counting system market due to the increased effectiveness of the system with the integration of thermal sensors as compared to other technologies. The sensors offer more accurate foot traffic information than infrared, Bluetooth, and Wi-Fi technologies, encouraging application segments to adopt thermal sensing counters. Moreover, the increased efficiency of sensors in detecting customers even in variable lighting conditions is a major factor propelling people counting system market growth. Several large facilities such as libraries, museums, and retail businesses are the major application areas of these technologies for proper data analysis.
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The increased adoption of Automatic Passenger Counting (APC) technologies in railways, airports, and buses is allowing operators to manage the passenger crowd. These technologies allow railway or airport authorities to predict and analyze the seat availability that will help them to prevent overcrowded situations. Moreover, several transportation projects are being implemented with these solutions for smart monitoring and traffic analysis, driving people counting system market growth. For instance, Rhein-Neckar-Verkehr-GmbH (RNV) that operates streetcar, bus lines, and rails in Heidelberg, Mannheim, and Ludwigshafen incorporated IRMA sensors, offered by Iris GmbH.
Software based people counting systems are witnessing high growth owing to the increased requirement for the effective tools for managing the hardware components and to offer an effective platform for providing inputs and receiving output from the system. These software tools are anticipated to grow at a CAGR of around 15% over the forecast timespan and allow the operators to manage the systems functions, operations and perform several statistical tasks to improve the system performance. Several manufacturers are engaged in developing software technologies that will offer easy connection and authorization to these counting systems. For instance, cloud-based storage tools are being incorporated in these systems for easy accessibility and storage of the counting data. Such factors are predicted to drive the adoption of software tools in the people counting system market.
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Major companies in the people counting system market include Axis Communications AB, Eurotech, FLIR Systems, Inc, Infodev Electronic Designers International, Inc., InfraRed Integrated Systems Ltd., Iris-GmbH Infrared & Intelligent Sensors, RetailNext, Inc, HELLA Aglaia Mobile Vision GmbH and V-Count among others. These players are developing specialized passenger counting systems with varied capabilities that provide better management capabilities to different application segments.
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By 2024, People Counting System Market to Witness Substantial Growth via Implementation of These Solutions for Several Transportation Projects
The people counting system market is growing at a rapid pace owing to the adoption of digitized systems for supporting regular operations across several application industries