The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing smart city projects around the world are likely to encourage innovation in the production of people counting systems, propelling the market during the forecast period.

The global people counting system market 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 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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Global People Counting System Market Segments Include:

• By Type: Unidirectional, Bidirectional
• By Offering: Hardware, Software
• By Mounting Platform: Ceiling, Wall, Floor
• By Technology: Infrared Beam, Thermal Imaging, Video-based Technology, Other Technologies
• By End User: Retail, Supermarkets, and Shoping Malls, Transportation, Hospitality, Corporate, Banking, Financial Services and Insurance (BFSI), Healthcare, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global people counting system market in 2021.

Major Market Players in the people counting system market include FLIR Systems Inc., Axis Communications AB, Iris-GmbH, HELLA GmbH & Co. KGaA, Eurotech SpA, V-Count Inc., Traf-Sys Inc., RetailNext Inc., ShopperTrak Rct Corp., InfraRed Integrated Systems Ltd.

The development of video-based counting systems is a crucial trend that is gaining traction in the market for people counting systems. To maintain their market position, major market players are introducing revolutionary video-based counting methods. V-Count, a US-based visitor analytics system vendor, for example, will unveil its new state-of-the-art Ultima-AI people counting sensor in December 2020. The new device employs powerful 3D active stereo vision technology, AI-based target tracking, and the industry’s highest counting accuracy. This technique is appropriate for all queue management, gender and age detection, people counting, zone counting and heatmap, and real-time occupancy with enhanced features core solutions.

The People Counting System Global Market Report 2023  provides a people counting system market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The people counting system market forecast analyzes people counting system market size, people counting system market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A people counting system is an electrical device that detects the number of people in a confined place, such as a store or office. This system is used by businesses to determine the number of employees at any particular time.

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