The North America People Counting System Market would witness market growth of 9.2% CAGR during the forecast period (2021-2027).
The people counting system comprises the counter device embedded with a surveillance camera and facial recognition technology that gauges the amount of people and the direction in which they go. The people counting system is broadly utilized in the entrance & exists in shopping malls, government buildings, retail stores, and other public spots, which there is a possibility of a huge crowd. Additionally, the demand for people counting systems has been increased with the incorporation of IoT and cloud services for facilitating the security of the building. Due to the increasing cases of terrorism and violence in events, malls, and clubs, the installation of these devices has fueled in the last couple of years because of the government norms and regulations.
The North American region is home to some of the leading market players that are constantly advancing their product offerings, thereby making the region highly conducive for the growth of the people counting system market. Moreover, the increase in the awareness regarding retail analytics to better understand customer behavior & preferences in retail, entertainment, and hospitality sectors are boosting the growth of the regional people counting system market.
Various counting technologies provide real-time traffic measurement with the help of software & hardware combinations like video-based sensors and systems that are helpful for the end-use industries. The real-time information of traffic is beneficial for security & people management operations, hence accelerating the demand for people counting systems in the regional market. Therefore, these factors are set to fuel the growth of the regional people counting system market during the forecasting period.
The US market dominated the North America People Counting System Software Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $170.9 million by 2027. The Canada market is experiencing a CAGR of 13.9% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 12.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global People Counting System Market is Estimated 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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