The people counting system market is projected to grow from USD 1.2 billion in 2024 and is expected to reach USD 2.1 billion by 2029, growing at a CAGR of 11.6% from 2024 to 2029. Retailers are increasingly employing people counting systems to assess consumer traffic patterns and improve workforce levels. One major element fueling the demand for these systems in the market is the booming retail industry and the requirement for inventory management. Understanding peak shopping periods and product demand is another way that this data aids in better inventory management.
Major players in the people counting system market include Axis Communications AB. (Sweden), Axiomatic Technologies Ltd (UK), DILAX Intelcom GmbH (Germany), Eurotech S.p.A. (Italy), FootfallCam (UK), Intel Corporation (US), NVIDIA Corporation (US), IBM (US), Micron Technology, Inc. (US), and Hangzhou Hikvision Digital Technology Co., Ltd. (China) among others. New product launches, partnerships, and acquisitions were the key strategies adopted by the players in the people counting system market ecosystem to enhance their product portfolios, increase their market share, and expand their presence in the people counting system market.
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Major People Counting System companies include:
For instance, in April 2024, Axis Communications AB. (Sweden) announced the first-ever ruggedized stainless steel dome sensor for modular cameras. The sensor is certified for use in food processing and catering facilities. It is enclosed in a stainless-steel casing and is the latest addition to AXIS F Modular Cameras Series.
In January 2024, V-Count (UK) announced the launch of nano which provides unparalleled insights with the help of visitor analytics tools, boostbi, and mobile apps. This enables businesses to make data-driven decisions and increase their revenues by 15% to 30% within 60 days.
Axis Communications AB. Axis Communications AB. is one of the global manufacturer of network solutions for physical security and video surveillance.The company product offerrings also includes a range of network cameras, access control systems, and network audio devices. The company in its Video Management Software (VMS) provides solutions like Axis Camera Station, which provide comprehensive management, monitoring, and recording functionalities for surveillance systems.
The company has global presence in more than 50 countries and serves across regions such as Europe, Asia PAcific, Middle East and Africa with partners in 179 countries. This extensive global presence enables Axis to effectively serve a diverse range of markets and customers, ensuring comprehensive coverage and support.
DILAX Intelcom GmbH Dilax Intelcom GmbH provides various intelligent system solutions for capturing and managing people flows. The companys product offerings majorly includes Passenger Counting Systems and Visitor Counting Solutions, which includes advanced sensors and software solutions to accurately count passengers in public transportation vehicles, helping operators optimize capacity and improve service.
The company serves more than 350 customers across various end users which include, retail, airports and public mobility sectors among others. It has a global presence in various countries including Germany, Switzerland, Canada among others.
Related Reports:
People Counting System Market by Type (Unidirectional, Bidirectional), Technology (Infrared Beam, Thermal Imaging, Video-Based), Offering (Hardware, Software), End-use Application & Region( North America, Europe, APAC, ROW) - Global Forecast to 2029
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