People Counting System Market Expected to Witness a Sustainable Growth over 2030: Grand View Research Inc.Posted by Sona Kulkarni on August 30th, 2023 People Counting System Market Growth & Trends The global people counting system market size is expected to reach USD 2.65 billion by 2030, expanding at a CAGR of 12.2% from 2022 to 2030, according to the recent reports of Grand View Research, Inc., The significant market growth can be attributed to the rising public safety and security concerns, which act as a crucial factor in the industry growth. Ongoing technical developments in the retail sector will further drive the market. For instance, in April 2021, RetailNext Inc. partnered with Raydiant. Both companies aimed to eliminate manually monitoring the store occupancy process, freeing up staff and improving the customer experience by automating the process and displaying the current occupancy levels on the in-location screen. Several counting methods using hardware and software combinations, such as video-based systems and sensors, provide real-time traffic measurement, which is helpful for end-use industries. Retailers are adopting automated people counters due to the retail industry's rapid development and the uptake of digital technologies. Systems tailored for retail applications have been produced by several businesses to give retailers improved behavior analytics. STMicroelectronics announced a new partnership with Schneider Electric to develop an IoT sensor prototype. The “People-Counting Solution” aims to comprehend building usage and occupancy levels to enable new building management solutions and efficiency improvements. In addition, with the rising demand for occupancy monitoring, customer behavior analytics, and visitor footfall counting along with the production volume and demand is expected to drive the industry growth over the forecasted period. To strengthen passenger security and control incoming traffic during peak hours by accommodating an actual number of people based on seat availability, transportation facilities like airports, subway stations, and other transit facilities are installing passenger counting systems. For instance, in February 2021, Quanergy launched 3D LiDAR People Counting System. People Quanergy expands applications for counting in retail, smart buildings, airports, public transportation, and public areas. Thus, the benefits offered by people counting systems are propelling the growth of this market. Request a free sample copy or view the report summary: People Counting System Market Report People Counting System Market Report Highlights
Access Press Release@ https://www.grandviewresearch.com/press-release/global-people-counting-system-market People Counting System Market Segmentation Grand View Research has segmented the global people counting system market based on type, offering, hardware, technology, mounting platform, end-use, and region: People Counting System Type Outlook (Revenue, USD Million, 2017 - 2030)
People Counting System Offering Outlook (Revenue, USD Million, 2017 - 2030)
People Counting System Technology Outlook (Revenue, USD Million, 2017 - 2030)
People Counting System Mounting Platform Outlook (Revenue, USD Million, 2017 - 2030)
People Counting System End-use Outlook (Revenue, USD Million, 2017 - 2030)
People Counting System Regional Outlook (Revenue, USD Million, 2017 - 2030)
List of Key Players in People Counting System Market
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it!More by this author |