Los Angeles, CA -- (SBWIRE) -- 05/15/2019 -- The global People Counting System market report offers a complete research study that includes accurate estimations of market growth rate and size for the forecast period 2019-2025. It offers a broad analysis of market competition, regional expansion, and market segmentation by type, application, and geography supported by exact market figures. The all-inclusive market research report also offers Porter's Five Forces Analysis and profiles some of the leading players of the global People Counting System market. It sheds light on changing market dynamics and discusses different growth drivers, market challenges and restraints, and trends and opportunities in detail. Interested parties are provided with market recommendations and business advice to ensure success in the global People Counting System market.

People counting systems are devices that are used to count the number of people traveling a certain entrance or passage. In retail stores, they are usually deployed to calculate conversion rate and marketing effectiveness and are used in staff planning.

The people counting system market is expected to be worth USD 1533.30 Million by 2022, at a CAGR of 18 % between 2016 and 2022. The growth of this market is propelled by the growing retail sector and increase in adoption rate of people counting systems, availability of economical and easy-to-install solutions, and increasing demand from transportation sector for people counting solutions. The advancements in people counting solutions such as availability of 3D people counting and the growing opportunity in emerging markets such as Latin America, Middle East and Africa would provide ample growth opportunities for the people counting system market in the coming years.

The video-based technology is expected to dominate the people counting system market during the forecast period. The video-based technology offers high accuracy during high-volume traffic, ability to detect the direction in which person or shopper is moving, remains unaffected in varying environments of light, heat, shadows, and it can easily distinguish people from objects and track continuously through a large area for an extended period of time.

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The global People Counting System market was 690 million US$ in 2018 and is expected to 2410 million US$ by the end of 2025, growing at a CAGR of 17.0% between 2019 and 2025.

This report studies the People Counting System market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of People Counting System in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

RetailNext
Brickstream
ShopperTrak
DILAX Intelcom GmbH
IRIS-GmbH
Eurotech S.p.A.
InfraRed Integrated Systems
Axiomatic Technology
Hikvision
Axis Communication AB
WINNER Technology
Countwise LLC
V-Count
Xovis AG
IEE S.A.
HELLA Aglaia Mobile Vision GmbH

By the product type, the market is primarily split into

IR Beam
Thermal Imaging
Video Based
Others

By the end users/application, this report covers the following segments

Retail
Transportation
Banking & Finance
Hospitality
Sports & Entertainment
Government
Others

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