The Latin America, Middle East and Africa People Counting System Market would witness market growth of 16.5% CAGR during the forecast period (2021-2027).
People counting is considered as the utilization of a device (conventionally known as nation counter or footfall counter) to know the number of people going through a specific entrance or passage. Irisys is the key market player in the people counting system market and the company has sold above 500,000 people counter across the globe.
Some of the main players of the people counting market include Infrared integrated systems Ltd, Axis Communications AB, and FLIR Systems. Axis communication AB, a company based in Sweden, the vendor of secure and smart network solutions that enhances security in businesses. It designed smart analytics that offers precise and trustworthy people counting, improves staff & store monitoring, and is embedded with a POS system that accumulates beneficial data, hence facilitating two-way counting of people going in and out of an entrance.
The untapped potential of this region is motivating many global players to invest heavily in the people counting systems market in the region. These players are adopting various strategies such as launching cost-effective and technologically upgraded solutions to cater to the changing requirement of different industries of the region.
The growing transportation sector like railway stations, airports, and other facilities that are the major end-users of people counting systems is offering lucrative growth opportunities for the regional market. These aspects would propel the regional people counting system market during the forecast period.
The Brazil market dominated the LAMEA Infrared Beam People Counting System Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7 million by 2027. The Argentina market would witness a CAGR of 17% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 16.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global People Counting System Market is Predict to reach 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.
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