By 2025, People Counting System Market Will be Boosted by Adoption of Digitized Systems for Supporting Regular Operations Across A Number of Application Domains

The global people counting system market is poised to witness remarkable growth in the years to come, owing to the robust adoption of digitized systems for supporting regular operations across a number of application domains. These systems provide installers with numerous operational enhancement benefits like tracking the busiest time slots as well as staff optimization. Further, the rising awareness of business intelligence platforms in a number of industries like hospitality, entertainment, and retail is creating huge demand as well, for enhanced customer tracking solutions.

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Increasing demand for the effective technologies to analyze, detect and convert potential customers, and for enhancing business sales and profitability is the major factor propelling the people counting system market. Several industrial sectors such as hospitals, restaurants, pubs and clubs are witnessing high adoption of the technology for tracking the number of customers entering or exiting the facility. These systems help companies to develop effective sales and marketing strategies for attracting the customers and analyzing the buying behavior. These strategies will further help them to compete with the major companies in terms of customer base and sales revenue. Such factors are predicted to boost the people counting system market growth.

Software based people counting systems are witnessing high growth owing to the increased requirement for the effective tools for managing the hardware components and to offer an effective platform for providing inputs and receiving output from the system. These software tools are anticipated to grow at a CAGR of around 15% over the forecast timespan and allow the operators to manage the systems functions, operations and perform several statistical tasks to improve the system performance. Several manufacturers are engaged in developing software technologies that will offer easy connection and authorization to these counting systems. For instance, cloud-based storage tools are being incorporated in these systems for easy accessibility and storage of the counting data. Such factors are predicted to drive the adoption of software tools in the people counting system market.

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The North America people counting system market is growing at a rapid pace owing to the presence of several system developers and customers in application industries. The rapid increase in retail sector establishments and the adoption of early technical advancements in the U.S. are the major driving factors in the people counting system market. The region has advanced transportation facilities that deploy automated management systems for efficient passenger service provision and staff allocation, which is supporting industry expansion. Moreover, rising smart city projects and smart buildings in developed economies is creating a high demand for systems to support building automation initiatives.

Considering the aforementioned efforts undertaken by prominent industry players, it is clear that the people counting system market would depict tremendous growth in the coming years. The competitive spectrum of this industry is quite diverse, and consists of renowned companies such as HELLA Aglaia Mobile Vision, RetailNext Inc., Iris-GmbH Infrared & Intelligent Sensors, InfraRed Integrated Systems Ltd., Infodev Electronic Designers International Inc., FLIR Systems Inc. and Eurotech, among others.

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