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People Counting System Market Growth Will be Fueled by High Adoption of These Systems in Entertainment & Hospitality Sector

Author : Ronak Bora | Published Date : 2019-03-13 

The global people counting system market witness remarkable growth in the years to come due to technological evolution, such as the development of 3D stereographic components, thermal imaging counters, and behavior analysis technologies, which is compelling the application industry players to adopt these advanced technologies.

In 2018, the video-based technology accounted for around 60% of the people counting system market share and is witnessing high adoption owing to increasing technological advancements and innovations in surveillance and monitoring systems. Manufacturers in the market are engaged in developing different types of camera technologies that provide enhanced and clear videos and images. Integration of the video-based technologies in these counting systems provides several advantages to the customers such as remote video capture, easy adjustment to lighting & temperature and effective software upgrades. These advantages are encouraging companies to implement video-based systems in their facilities, driving the people counting system market.

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In the people counting system market, entertainment & hospitality sector is witnessing high adoption of these systems due to the increase in customer crowd in restaurants, events, clubs and hotels. The adoption of these counting technologies in pubs, clubs and bars is growing rapidly with the increasing interest of the young generation to visit these places. These facilities have limited floor space which forces them to count the number of people entering the club, to avoid over crowded floor space. Moreover, with the increased adoption of the system, these clubs are benefited with the sales statistics that help them analyze the daily customer sales and number.

Software based people counting systems are witnessing high growth owing to the increased requirement for the effective tools for managing the hardware components and to offer an effective platform for providing inputs and receiving output from the system. These software tools are anticipated to grow at a CAGR of around 15% over the forecast timespan and allow the operators to manage the systems functions, operations and perform several statistical tasks to improve the system performance.

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Several manufacturers are engaged in developing software technologies that will offer easy connection and authorization to these counting systems. For instance, cloud-based storage tools are being incorporated in these systems for easy accessibility and storage of the counting data. Such factors are predicted to drive the adoption of software tools in the people counting system market.

Regionally speaking, North America has been touted to emerge as a viable growth ground for people counting system industry. Powered by the presence of numerous system developers in application industries and the robust adoption of technical advancements across the economies of U.S. and Canada, the North America people counting system market has been growing at an exceptionally rapid pace. The regional industry is touted to depict commendable gains in the years ahead, as the continent continues to witness the proliferation of technologically advanced transportation facilities incorporating automated management systems and the smart city projects.

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Considering the aforementioned efforts undertaken by prominent industry players, it is clear that the people counting system market would depict tremendous growth in the coming years. The competitive spectrum of this industry is quite diverse, and consists of renowned companies such as HELLA Aglaia Mobile Vision, RetailNext Inc., Iris-GmbH Infrared & Intelligent Sensors, InfraRed Integrated Systems Ltd., Infodev Electronic Designers International Inc., FLIR Systems Inc. and Eurotech, among others.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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