People counting systems refer to technological solutions designed to count and analyze the number of individuals passing through a particular area.
The people counting system market consists of sales, by entities (organizations, sole traders and partnerships), of people counting systems hardware and software solutions and related services that are widely utilized across various sectors to gather data on foot traffic, which is crucial for making informed business decisions.
The global people counting system market was valued at $994.08 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 9.0%.
Expanding Healthcare Sector
The expanding healthcare sector drove the people counting system market during the historic period. Hospitals and clinics use people counting systems to monitor the number of patients entering and exiting different departments, waiting areas and treatment rooms. This data helps healthcare providers optimize workflows, reduce wait times and improve patient satisfaction. People counting systems provide real-time data on occupancy levels in hospital wards, emergency rooms and outpatient facilities. For instance, according to the UK's Office for National Statistics, a government agency, between 2020 and 2021, healthcare spending in the UK increased by 9.4% nominally and 9.7% practically. The total cost of healthcare in the UK in 2021 was £280.7 billion ($367.25 billion), pharmaceutical costs were £39.6 billion ($51.84 billion) and spending on preventative care increased significantly from 2020 to 2021, reaching £35.1 billion ($45.93 billion). Therefore, the expanding healthcare sector drove the growth of the people counting system market.
Focus On Technologically Advanced People Counting Sensors
Technological advancements have emerged as a key trend gaining popularity in the people counting systems market. Companies operating in the people counting systems market are adopting technologically advanced sensors to enhance efficiency. For example, in January 2024, V-Count, a UK-based developer of artificial intelligence (AI)-powered people counters and retail analytics software, launched Nano, a people counting sensor that represents a significant leap in precision, efficiency and durability. Nano achieves up to 99% accuracy in people counting with its 3D stereo vision technology and AI tracking algorithms. With its Plug and Play design, Nano can be set up in under 5 minutes. It provides robust Wi-Fi connectivity up to 40 meters, allowing cost-effective access to real-time people counting data anytime, anywhere. Nano is designed to work for a decade, withstanding temperatures between 0°-45°C. It is water-leakage proof and features a splash-proof casing to protect against ceiling leakages. It sets a new benchmark in the field of people counting by embodying advanced technology to provide businesses with an accurate, efficient and cost-effective solution.
The global people counting system market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up 52.39% of the total market in 2023.
People Counting System Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global people counting system market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for people counting system? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The people counting system market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider people counting system market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by offering, by type, by mounting platform, by technology and by end-user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the people counting system market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by offering, by type, by mounting platform, by technology and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for people counting system providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Offering: Hardware; Software
- 2) By Type: Unidirectional; Bidirectional
- 3) By Mounting Platform: Ceiling; Wall; Floor
- 4) By Technology: Infrared Beam; Thermal Imaging; Video-Based Technology; Other Technologies
- 5) By End User: Retail; Supermarkets And Shopping Malls; Transportation; Hospitality; Corporate; Banking; Financial Services And Insurance (BFSI); Healthcare; Other End Users
- Companies Mentioned: Axis Communications AB; Teledyne Technologies Incorporated; Hangzhou Hikvision Digital Technology Co., Ltd.; HELLA GmbH and Co. KGaA; Johnsons Controls International plc.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; people counting system indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.