According to a new report Global People Counting System Market, published by KBV research, The Global People Counting System Market size is expected to reach $1.7 billion by 2027, rising at a market growth of 10.5% CAGR during the forecast period.
The hardware segment obtained the maximum revenue share of the people counting system market in 2020. The segment is likely to exhibit a similar kind of trend even during the forecast period. The hardware segment would witness bright growth prospects due to its capability to obtain more accurate information that is essential for providing an exact visitor count.
The retail segment obtained the maximum revenue share of the people counting systems market in 2020 and would display a similar kind of trend even during the forecast period. The constantly growing number of shopping malls in developing countries is responsible for the development of the people counting system market.
The North America market dominated the Global People Counting System Market by Region 2020, and would continue to be a dominant market till 2027. The growth of the regional market would witness bright prospects due to the existence of a large number of airports that need visitor counting and monitoring solutions. Furthermore, the region is home to the HQs of some of the leading market players like RetailNext, InfraRed Integrated Systems Ltd, and Teledyne FLIR LLC. These players are adopting different growth strategies in order to remain competitive in the regional market.The Europe market is experiencing a CAGR of 9.7% during (2021 - 2027). Additionally, The Asia Pacific market is estimated to grow at a CAGR of 12.5% during the forecast period.
Full Report: https://www.kbvresearch.com/people-counting-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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