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People Counting Systems: Worldwide Market to Grow at a CAGR of 10.6% to Reach $1.15 Billion by 2023 - Drivers, Trends, Opportunities and Challenges - ResearchAndMarkets.comThe "People Counting System Market by Technology (IR Beam, Video-Based, Thermal Imaging), Hardware and Software, End User (Retail Stores, Supermarkets, and Shopping Malls, Transportation, Corporate, Hospitality), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The people counting system market is projected to grow from USD 694.7 Million in 2018 to USD 1,150.2 Million by 2023, at a CAGR of 10.6% between 2018 and 2023. Among end users, the retail stores, supermarkets, and shopping malls segment held the largest share of the people counting system market in 2017. The main driver for the growth of this segment's market is the increasing importance and use of people counting technology in the constantly evolving retail market. Based on technology, the video-based technology is estimated to hold the largest market share in 2018, and this trend is expected to continue during the forecast period. The large share is attributed to advanced features of the video-based technology, such as the ability to differentiate between a child and an adult and between a person and an object, allowing more accuracy in high-volume traffic, and the ability to withstand changing environmental conditions. The people counting software market is expected to grow at a higher CAGR tha the hardware market between 2018 and 2023. Software data helps business managers make knowledgeable business decisions. Software plays a crucial role in providing valuable insights and in helping businesses improve their offerings and accountabilities. Market Dynamics Drivers
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Key Topics Covered 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 People Counting System Market, By Technology 7 People Counting System Market, By Hardware and Software 8 People Counting System Market, By End User 9 People Counting System Market, By Geography 10 Competitive Landscape 11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/6lv2fs/people_counting?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20180706005333/en/ |