The Europe People Counting System Market would witness market growth of 9.7% CAGR during the forecast period (2021-2027).
A people counter refer to a device that is helpful in gauging the amount of people going through a specific passage or entrance. For instance, smart-flooring technologies, thermal imaging systems, simple manual clickers, WiFi trackers, infrared beams, and video counters with the help of sophisticated machine learning algorithms. They are generally adopted by retail owners to calculate the efficiency of selling campaigns, layout & design of the building, and hence the popularity of specific brands.
The growth of the people counting system market is expected to be fueled by the increased adoption of people counting system for various end-users like supermarkets, shopping malls, retail stores, and transportation. In addition, some of the major catalysts for the growth of the market is an increase in the concerns for safety and security at public places and constant technological up-gradations in the retail industry.
The European people counting system market would witness lucrative opportunities due to the booming retail sector and the deployment of digitized technologies are forcing retailers to accept sophisticated people counters. Various enterprises have designed retail systems based on the application that offers better behavior analytics to retailers. Some of the catalysts for the growth of the regional market include the constant technologically up-gradations and hence, the incorporation of advanced technologies like beacons, Time-of-Flight (ToF), stereo vision, and among others.
These systems have gained massive popularity in transportation & retail applications due to the emergence of automated systems in various industries. Various regional market vendors are rolling out 2D and 3D video-integrated counting systems that are capable of offering precise traffic measurement results because of the installation of cameras and stereo vision cameras. These factors are expected to create new growth avenues for the growth of the regional people counting system market in the years to come.
The Germany market dominated the Europe Healthcare & Pharmaceuticals People Counting System Market by Country 2020, thereby, achieving a market value of $7.8 million by 2027. The UK market is exhibiting a CAGR of 9.8% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 11.4% during (2021 - 2027).
Based on Component, the market is segmented into Hardware and Software. Based on Type, the market is segmented into Bidirectional and Unidirectional. Based on Technology, the market is segmented into Thermal Imaging, Infrared Beam, Video-based Technology and Others. Based on End User, the market is segmented into Retail Stores, Supermarkets, & Shopping Malls, Transportation, Healthcare & Pharmaceuticals, Corporate, Sports, BFSI, Hospitality, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global People Counting System Market Size will Hit USD 1.7 Billion by 2027, at a CAGR of 10.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Vivotek, Inc., Eurotech Group PLC, HELLA GmbH & Co. KGaA, V-Count, Inc., FootfallCam, Traf-Sys, Inc., IEE S.A. (Aerospace Hi-tech), Infodev Electronic Designers International, Inc., Sensormatic Electronics Corporation (Johnson Controls), and RetailNext Inc.
By Component
By Type
By Technology
By End User
By Country
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