People Counting System Market Share, Size, Trends, Industry Analysis Report, By End-Use (Retail, Transportation, Corporate, Hospitality, BFSI, Healthcare, Others); By Type; By Technology; By Offering; By Mounting Platforms; By Region; Segment Forecast, 20

People Counting System Market Share, Size, Trends, Industry Analysis Report, By End-Use (Retail, Transportation, Corporate, Hospitality, BFSI, Healthcare, Others); By Type; By Technology; By Offering; By Mounting Platforms; By Region; Segment Forecast, 2022 - 2030

The global people counting system market size is expected to reach USD 1,938.5 Million by 2030 according to a new study by Polaris Market Research. The report “People Counting System Market Share, Size, Trends, Industry Analysis Report, By End-Use (Retail, Transportation, Corporate, Hospitality, BFSI, Healthcare, Others); By Type; By Technology; By Offering; By Mounting Platforms; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The ongoing technical enhancements and the incorporation of innovative technologies such as Time-of-Flight (ToF), stereo vision, beacons, among others, will support the adoption and acceptance of the industry. With the progression of automated methods in a range of industries, the market is also gaining wide popularity in transportation & retail applications. Several manufacturers within the industry are launching 2D & 3D video-based solutions.

Based on the offering division, the hardware segment is witnessing a leading stake in the global market. This is due to the improving capacity to collect more accurate data essential for providing an exact visitor count. The hardware offering segment plays a prominent role in the demand for the market. However, the software segment is projected to grow at the fastest CAGR during the forecast period. North America is projected to lead the industry in terms of revenue share around the globe, owing to the rising government measures to promote digitalization strategies to provide better customer support. Whereas APAC is projected to register the highest growth rate over the study period, owing to smart retailing solutions adopted by the players in the region.