The People Counting System Market Size was valued at USD 1.0 billion in 2023 and is expected to reach USD 2.73 billion by 2031 and grow at a CAGR of 13.4 % over the forecast period 2024-2031.
The market for people counting systems is poised to grow significantly as these systems proliferate in various industries, particularly in the retail and transportation industries. The growth of retail, especially in the Asia-Pacific region, and the development of smart cities are creating a strong demand for People Counting System solutions. According to a data, smart city market size is projected to reached $2.09 trillion, by 2025. this showed the growth in people counting systems in upcoming future. Also, Technological advances such as artificial intelligence and the Internet of Things drive innovation and create new opportunities for People Counting System. for eg, ShopperTrak owned by Tyco Retail Solutions offers people counting systems that integrate with AI to provide retailers with real-time customer traffic data and analytics. This allows retailers to optimize staffing levels, product placement, and marketing campaigns based on actual customer behavior.
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KEY DRIVERS:
The development of smart cities creates a strong demand for crowd management solutions.
Advancements in technologies like AI and Internet of Things (IoT) are driving the market growth for people counting systems.
Advancements in technologies like Artificial Intelligence (AI) and Internet of Things (IoT) are creating new opportunities for people counting systems. AI can analyze data collected by these systems to provide deeper insights into customer behavior and optimize store operations. For example, AI might identify "hot zones" where customers linger and "cold zones" with minimal traffic. Wegmans, this supermarket chain utilizes AI-powered people counting systems to analyze customer flow and optimize checkout lane staffing. Cameras track customer movement, and AI predicts checkout wait times, prompting managers to open additional lanes when necessary.
RESTRAINTS:
High Cost of Advanced Systems This might deter smaller businesses with limited budgets.
Growing concerns about data privacy can hinder the adoption of people counting systems
A 2022 study by Pew Research Center found that 72% of Americans are concerned about the amount of data collected by companies about their activities. especially those that utilize facial recognition or other personal data collection methods.
OPPORTUNITIES:
Integration with Building Management Systems
Installation of human computer systems in workplaces is increasing.
Beyond traditional applications in retail and public spaces, people counting systems are making a big splash in the workplace. Office managers, owners, and developers are increasingly recognizing the value these systems bring to optimizing workspace utilization. Furthermore, people counting systems contribute to a more sustainable and productive work environment. They can help improve HVAC efficiency by adjusting heating and cooling based on real-time occupancy data. Additionally, the data can inform staffing adjustments, ensuring enough resources are available during peak times and avoiding unnecessary staffing during slow periods. Ultimately, people counting systems are a powerful tool for creating a cost-effective, efficient, and comfortable work environment.
CHALLENGES:
The upfront cost of purchasing, installing, and maintaining people counting systems can be high, especially for small and medium-sized businesses.
Accuracy and Reliability Issues can creates Challenges
The accuracy of people counting systems can be affected by various factors like lighting conditions, shadows, people moving in groups, or using carts. Inaccurate data can make the system less useful for businesses.
Many components for people counting systems are manufactured in Asia, but rely on raw materials or subcomponents from Russia or Ukraine. The war can disrupt these supply chains, leading to shortages and price hikes for these systems. For example, a retail chain planning to deploy people counting systems in Eastern Europe might delay the project due to the uncertain economic climate and potential supply chain disruptions. also, The war has heightened cybersecurity concerns globally. Businesses might be wary of implementing new technology, especially if it involves data collection, due to potential security risks.
Economic slowdowns often lead to reduced consumer spending. This leads to fewer people visiting stores, malls, and other locations that typically use people counting systems. With lower foot traffic, the perceived value of these systems might decrease. also, the Businesses become more cost-conscious during economic slowdown. This could lead to a shift in demand towards simpler and less expensive people counting solutions. The retail segment, especially brick-and-mortar stores, could be most affected by an economic slowdown. These businesses are highly reliant on foot traffic and might be less inclined to invest in people counting systems during tough times.
By Offering
Hardware
Thermal Cameras
Infrared Sensors
Fixed Cameras
Fixed Dome Cameras
Pan-tilt-zoom Cameras
Software
Based on Offering, the hardware component holds the largest share in the People Counting System Market, and this trend is expected to continue during the forecast period 2024-2031. and This ability to collect the more accurate data needed to provide the exact number of visitors plays an important role in expanding the hardware supply market. Companies are investing heavily in the development of additional technologies that can operate in complex environments without compromising the efficiency of census systems.
By Technology
Infrared Beam
Video Based
2D
3D
4D
Others
Based on Technology, video-based demographics are expected to record the highest CAGR from 2023 to 2030. Growth can be attributed to a significant need for accuracy as these technologies are able to provide a more accurate number of visitors compared to other technologies. These systems are 95% accurate and can count on both indicators; they may be linked to modern analytics systems that help end users with store statistics, stay time, line management, etc.
Infrared is the second dominant segment in 2023. Infrared personal counters are the simplest systems available on the market. Numerical systems based on human infrared rays provide approx 80% accuracy. The growth of the segment is due to the widespread use of infrared people counting systems in small and medium-sized establishments such as retail stores, libraries and museums. In addition, the demand for infrared people counting systems is increasing due to their low cost, easy installation, flexibility and longer battery life.
By Type
Unidirectional
Bidirectional
Based on Type, the Bidirectional segment holds the largest share in this market, and a similar trend may be observed during forecasting year 2024-2031. this Growth is due to programs such as sales statistics, line management, staff improvement, and space utilization. These People Counting systems can detect when a person enters or exits the door. Allows end users to calculate the number of guests on the floor or in another location, as well as how they used to enter / exit. Sensors used in dual-directed human computation systems can scan areas 200 times / second, allowing them to operate at more than 92% accuracy.
By Mounting Platform
Ceiling
Wall
Floor
By End-Use
Transportation
Hospitality
Industrial
Retail
Others
In 2023, North America hold the largest market share in the people counting system market. This dominance can be attributed to a powerful combination of factors, such as, Early adoption of cutting-edge tech, North American retail stores and transportation facilities are at the forefront of adopting new technologies like AI and IoT. By providing real-time data, AI empowers stores to optimize customer experiences, make smarter business decisions, and manage inventory efficiently.also, A strong presence of Major players, along with their subsidiaries, distributors, and resellers, are all heavily concentrated in North America. This creates a robust ecosystem that drives market growth.
The growth of the people counting system market in Asia Pacific is expected to exceed that of other regions. Moreover, Rapid urbanization is fueling the development of smart cities throughout Asia Pacific. These smart cities require crowd management solutions, which people counting systems can effectively provide. also, Governments in this region are actively promoting digital transformation initiatives. This creates a favorable environment for the adoption of people counting systems, as they align with these digitalization goals. Also, Businesses are increasingly recognizing the advantages of people counting systems. These systems go beyond simply counting people. They offer valuable data that can be used to optimize store layouts, improve customer service, and gain insights into customer behavior. This awareness is further driving market expansion in Asia Pacific.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Axis Communications AB (Sweden), RETAILNEXT, INC. (US), Hangzhou Hikvision Digital Technology Co., Ltd. (China), iris-GmbH infrared & intelligent sensors (Germany), VIVOTEK Inc. (Taiwan), V-Count (UK), Eurotech (Italy), and Irisys (Infrared Integrated Systems) (UK). Hella Aglaia Mobile Vision, Shoppertrak, Dilax Intelcom, and other key players.
Axis Communications-Company Financial Analysis
In October 2022, Axis Communications AB announced the launch of the Axis P8815-2 3D People Counter. This device integrates 3D imaging software and hardware, allowing for real-time counting of people moving through a designated area.
In January 2021, RetailNext, INC. collaboration with Meiyume (China), which provides digital signage, consumer demographic analysis, display traffic analysis and product interaction tracking solutions. Meiyume is looking to expand its IoT capabilities. Using RetailNext's hardware and AI software, Meiyume should help its customers track each customer's entire journey through the store, the product categories they visit, etc., and help make better visual merchandising and store design decisions. The partnership is expected to mark RetailNext's strong position in the beauty industry and open up new opportunities in other segments and regions.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.0 Billion |
| Market Size by 2031 | US$ 2.73 Billion |
| CAGR | CAGR of 13.4 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Offering (Hardware(Thermal Cameras, Infrared Sensors, Fixed Cameras, Fixed Dome Cameras, Pan-tilt-zoom Cameras) And Software) • By Technology (Infrared Beam, Thermal Imaging, Video Based(2D, 3D, 4D), And Others) • By Type (Unidirectional, Bidirectional) • By Mounting Platform (Ceiling, Wall, Floor) • By End-Use (Transportation, Hospitality, Industrial, Retail, And Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Axis Communications AB (Sweden), RETAILNEXT, INC. (US), Hangzhou Hikvision Digital Technology Co., Ltd. (China), iris-GmbH infrared & intelligent sensors (Germany), VIVOTEK Inc. (Taiwan), V-Count (UK), Eurotech (Italy), and Irisys (Infrared Integrated Systems) (UK). Hella Aglaia Mobile Vision, Shoppertrak, Dilax Intelcom |
| Key Drivers | • The development of smart cities creates a strong demand for crowd management solutions. • Advancements in technologies like AI and Internet of Things (IoT) are driving the market growth for people counting systems. |
| Restraints | • High Cost of Advanced Systems This might deter smaller businesses with limited budgets. • Growing concerns about data privacy can hinder the adoption of people counting systems |
Ans: The expected CAGR of the People Counting System Market during the forecast period is 13.4 %.
Ans: The People Counting System Market size is forecasted to surpass USD 2.73 billion by 2031.
Ans: A people counting system is a technology that tracks the number of people entering and exiting a specific location. This data can be used to gain insights into customer behavior, optimize staffing levels, and improve space utilization.
Ans: Asia Pacific is expected to lead the worldwide People Counting System Market.
Ans: Common technologies include, Infrared sensors that Detect heat signatures to track movement. Second is Video analytics, in this Cameras analyze video footage to count people. And last is Wi-Fi tracking Tracks devices with Wi-Fi enabled. * Bluetooth beacons: Use low-energy Bluetooth signals to detect devices.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. People Counting System Market Segmentation, By Offering
9.1 Introduction
9.2 Trend Analysis
9.3 Hardware
9.3.1 Thermal Cameras
9.3.2 Infrared Sensors
9.3.3 Fixed Cameras
9.3.4 Fixed Dome Cameras
9.3.5 Pan-tilt-zoom Cameras
9.4 Software
10. People Counting System Market Segmentation, By Technology
10.1 Introduction
10.2 Trend Analysis
10.3 Infrared Beam
10.4 Thermal Imaging
10.5 Video Based
10.5.1 2D
10.5.2 3D
10.5.3 4D
10.6 Others
11. People Counting System Market Segmentation, By Type
11.1 Introduction
11.2 Trend Analysis
11.3 Unidirectional
11.4 Bidirectional
12. People Counting System Market Segmentation, By Mounting Platform
12.1 Introduction
12.2 Trend Analysis
12.3 Ceiling
12.4 Wall
12.5 Floor
13. People Counting System Market Segmentation, By End-Use
13.1 Introduction
13.2 Trend Analysis
13.3 Transportation
13.4 Hospitality
13.5 Industrial
13.6 Retail
13.7 Others
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 Trend Analysis
14.2.2 North America People Counting System Market By Country
14.2.3 North America People Counting System Market By Offering
14.2.4 North America People Counting System Market By Technology
14.2.5 North America People Counting System Market By Type
14.2.6 North America People Counting System Market, By Mounting Platform
14.2.7 North America People Counting System Market, By End-Use
14.2.8 USA
14.2.8.1 USA People Counting System Market By Offering
14.2.8.2 USA People Counting System Market By Technology
14.2.8.3 USA People Counting System Market By Type
14.2.8.4 USA People Counting System Market, By Mounting Platform
14.2.8.5 USA People Counting System Market, By End-Use
14.2.9 Canada
14.2.9.1 Canada People Counting System Market By Offering
14.2.9.2 Canada People Counting System Market By Technology
14.2.9.3 Canada People Counting System Market By Type
14.2.9.4 Canada People Counting System Market, By Mounting Platform
14.2.9.5 Canada People Counting System Market, By End-Use
14.2.10 Mexico
14.2.10.1 Mexico People Counting System Market By Offering
14.2.10.2 Mexico People Counting System Market By Technology
14.2.10.3 Mexico People Counting System Market By Type
14.2.10.4 Mexico People Counting System Market, By Mounting Platform
14.2.10.5 Mexico People Counting System Market, By End-Use
14.3 Europe
14.3.1 Trend Analysis
14.3.2 Eastern Europe
14.3.2.1 Eastern Europe People Counting System Market By Country
14.3.2.2 Eastern Europe People Counting System Market By Offering
14.3.2.3 Eastern Europe People Counting System Market By Technology
14.3.2.4 Eastern Europe People Counting System Market By Type
14.3.2.5 Eastern Europe People Counting System Market By Mounting Platform
14.3.2.6 Eastern Europe People Counting System Market, By End-Use
14.3.2.7 Poland
14.3.2.7.1 Poland People Counting System Market By Offering
14.3.2.7.2 Poland People Counting System Market By Technology
14.3.2.7.3 Poland People Counting System Market By Type
14.3.2.7.4 Poland People Counting System Market By Mounting Platform
14.3.2.7.5 Poland People Counting System Market, By End-Use
14.3.2.8 Romania
14.3.2.8.1 Romania People Counting System Market By Offering
14.3.2.8.2 Romania People Counting System Market By Technology
14.3.2.8.3 Romania People Counting System Market By Type
14.3.2.8.4 Romania People Counting System Market By Mounting Platform
14.3.2.8.5 Romania People Counting System Market, By End-Use
14.3.2.9 Hungary
14.3.2.9.1 Hungary People Counting System Market By Offering
14.3.2.9.2 Hungary People Counting System Market By Technology
14.3.2.9.3 Hungary People Counting System Market By Type
14.3.2.9.4 Hungary People Counting System Market By Mounting Platform
14.3.2.9.5 Hungary People Counting System Market, By End-Use
14.3.2.10 Turkey
14.3.2.10.1 Turkey People Counting System Market By Offering
14.3.2.10.2 Turkey People Counting System Market By Technology
14.3.2.10.3 Turkey People Counting System Market By Type
14.3.2.10.4 Turkey People Counting System Market By Mounting Platform
14.3.2.10.5 Turkey People Counting System Market, By End-Use
14.3.2.11 Rest of Eastern Europe
14.3.2.11.1 Rest of Eastern Europe People Counting System Market By Offering
14.3.2.11.2 Rest of Eastern Europe People Counting System Market By Technology
14.3.2.11.3 Rest of Eastern Europe People Counting System Market By Type
14.3.2.11.4 Rest of Eastern Europe People Counting System Market By Mounting Platform
14.3.2.11.5 Rest of Eastern Europe People Counting System Market, By End-Use
14.3.3 Western Europe
14.3.3.1 Western Europe People Counting System Market By Country
14.3.3.2 Western Europe People Counting System Market By Offering
14.3.3.3 Western Europe People Counting System Market By Technology
14.3.3.4 Western Europe People Counting System Market By Vehicle Type
14.3.3.5 Western Europe People Counting System Market By Mounting Platform
14.3.3.6 Western Europe People Counting System Market, By End-Use
14.3.3.7 Germany
14.3.3.7.1 Germany People Counting System Market By Offering
14.3.3.7.2 Germany People Counting System Market By Technology
14.3.3.7.3 Germany People Counting System Market By Type
14.3.3.7.4 Germany People Counting System Market By Mounting Platform
14.3.3.7.5 Germany People Counting System Market, By End-Use
14.3.3.8 France
14.3.3.8.1 France People Counting System Market By Offering
14.3.3.8.2 France People Counting System Market By Technology
14.3.3.8.3 France People Counting System Market By Type
14.3.3.8.4 France People Counting System Market By Mounting Platform
14.3.3.8.5 France People Counting System Market, By End-Use
14.3.3.9 UK
14.3.3.9.1 UK People Counting System Market By Offering
14.3.3.9.2 UK People Counting System Market By Technology
14.3.3.9.3 UK People Counting System Market By Type
14.3.3.9.4 UK People Counting System Market By Mounting Platform
14.3.3.9.5 UK People Counting System Market, By End-Use
14.3.3.10 Italy
14.3.3.10.1 Italy People Counting System Market By Offering
14.3.3.10.2 Italy People Counting System Market By Technology
14.3.3.10.3 Italy People Counting System Market By Type
14.3.3.10.4 Italy People Counting System Market By Mounting Platform
14.3.3.10.5 Italy People Counting System Market, By End-Use
14.3.3.11 Spain
14.3.3.11.1 Spain People Counting System Market By Offering
14.3.3.11.2 Spain People Counting System Market By Technology
14.3.3.11.3 Spain People Counting System Market By Type
14.3.3.11.4 Spain People Counting System Market By Mounting Platform
14.3.3.11.5 Spain People Counting System Market, By End-Use
14.3.3.12 Netherlands
14.3.3.12.1 Netherlands People Counting System Market By Offering
14.3.3.12.2 Netherlands People Counting System Market By Technology
14.3.3.12.3 Netherlands People Counting System Market By Type
14.3.3.12.4 Netherlands People Counting System Market By Mounting Platform
14.3.3.12.5 Netherlands People Counting System Market, By End-Use
14.3.3.13 Switzerland
14.3.3.13.1 Switzerland People Counting System Market By Offering
14.3.3.13.2 Switzerland People Counting System Market By Technology
14.3.3.13.3 Switzerland People Counting System Market By Type
14.3.3.13.4 Switzerland People Counting System Market By Mounting Platform
14.3.3.13.5 Switzerland People Counting System Market, By End-Use
14.3.3.14 Austria
14.3.3.14.1 Austria People Counting System Market By Offering
14.3.3.14.2 Austria People Counting System Market By Technology
14.3.3.14.3 Austria People Counting System Market By Type
14.3.3.14.4 Austria People Counting System Market By Mounting Platform
14.3.3.14.5 Austria People Counting System Market, By End-Use
14.3.3.15 Rest of Western Europe
14.3.3.15.1 Rest of Western Europe People Counting System Market By Offering
14.3.3.15.2 Rest of Western Europe People Counting System Market By Technology
14.3.3.15.3 Rest of Western Europe People Counting System Market By Type
14.3.3.15.4 Rest of Western Europe People Counting System Market By Mounting Platform
14.3.3.15.5 Rest of Western Europe People Counting System Market, By End-Use
14.4 Asia-Pacific
14.4.1 Trend Analysis
14.4.2 Asia-Pacific People Counting System Market By country
14.4.3 Asia-Pacific People Counting System Market By Offering
14.4.4 Asia-Pacific People Counting System Market By Technology
14.4.5 Asia-Pacific People Counting System Market By Type
14.4.6 Asia-Pacific People Counting System Market By Mounting Platform
14.4.7 Asia-Pacific People Counting System Market, By End-Use
14.4.8 China
14.4.8.1 China People Counting System Market By Offering
14.4.8.2 China People Counting System Market By Technology
14.4.8.3 China People Counting System Market By Type
14.4.8.4 China People Counting System Market By Mounting Platform
14.4.8.5 China People Counting System Market, By End-Use
14.4.9 India
14.4.9.1 India People Counting System Market By Offering
14.4.9.2 India People Counting System Market By Technology
14.4.9.3 India People Counting System Market By Type
14.4.9.4 India People Counting System Market By Mounting Platform
14.4.9.5 India People Counting System Market, By End-Use
14.4.10 Japan
14.4.10.1 Japan People Counting System Market By Offering
14.4.10.2 Japan People Counting System Market By Technology
14.4.10.3 Japan People Counting System Market By Type
14.4.10.4 Japan People Counting System Market By Mounting Platform
14.4.10.5 Japan People Counting System Market, By End-Use
14.4.11 South Korea
14.4.11.1 South Korea People Counting System Market By Offering
14.4.11.2 South Korea People Counting System Market By Technology
14.4.11.3 South Korea People Counting System Market By Type
14.4.11.4 South Korea People Counting System Market By Mounting Platform
14.4.11.5 South Korea People Counting System Market, By End-Use
14.4.12 Vietnam
14.4.12.1 Vietnam People Counting System Market By Offering
14.4.12.2 Vietnam People Counting System Market By Technology
14.4.12.3 Vietnam People Counting System Market By Type
14.4.12.4 Vietnam People Counting System Market By Mounting Platform
14.4.12.5 Vietnam People Counting System Market, By End-Use
14.4.13 Singapore
14.4.13.1 Singapore People Counting System Market By Offering
14.4.13.2 Singapore People Counting System Market By Technology
14.4.13.3 Singapore People Counting System Market By Vehicle Type
14.4.13.4 Singapore People Counting System Market By Mounting Platform
14.4.13.5 Singapore People Counting System Market, By End-Use
14.4.14 Australia
14.4.14.1 Australia People Counting System Market By Offering
14.4.14.2 Australia People Counting System Market By Technology
14.4.14.3 Australia People Counting System Market By Type
14.4.14.4 Australia People Counting System Market By Mounting Platform
14.4.14.5 Australia People Counting System Market, By End-Use
14.4.15 Rest of Asia-Pacific
14.4.15.1 Rest of Asia-Pacific People Counting System Market By Offering
14.4.15.2 Rest of Asia-Pacific People Counting System Market By Technology
14.4.15.3 Rest of Asia-Pacific People Counting System Market By Type
14.4.15.4 Rest of Asia-Pacific People Counting System Market By Mounting Platform
14.4.15.5 Rest of Asia-Pacific People Counting System Market, By End-Use
14.5 Middle East & Africa
14.5.1 Trend Analysis
14.5.2 Middle East
14.5.2.1 Middle East People Counting System Market By Country
14.5.2.2 Middle East People Counting System Market By Offering
14.5.2.3 Middle East People Counting System Market By Technology
14.5.2.4 Middle East People Counting System Market By Type
14.5.2.5 Middle East People Counting System Market By Mounting Platform
14.5.2.6 Middle East People Counting System Market, By End-Use
14.5.2.7 UAE
14.5.2.7.1 UAE People Counting System Market By Offering
14.5.2.7.2 UAE People Counting System Market By Technology
14.5.2.7.3 UAE People Counting System Market By Type
14.5.2.7.4 UAE People Counting System Market By Mounting Platform
14.5.2.7.5 UAE People Counting System Market, By End-Use
14.5.2.8 Egypt
14.5.2.8.1 Egypt People Counting System Market By Offering
14.5.2.8.2 Egypt People Counting System Market By Technology
14.5.2.8.3 Egypt People Counting System Market By Type
14.5.2.8.4 Egypt People Counting System Market By Mounting Platform
14.5.2.8.5 Egypt People Counting System Market, By End-Use
14.5.2.9 Saudi Arabia
14.5.2.9.1 Saudi Arabia People Counting System Market By Offering
14.5.2.9.2 Saudi Arabia People Counting System Market By Technology
14.5.2.9.3 Saudi Arabia People Counting System Market By Type
14.5.2.9.4 Saudi Arabia People Counting System Market By Mounting Platform
14.5.2.9.5 Saudi Arabia People Counting System Market, By End-Use
14.5.2.10 Qatar
14.5.2.10.1 Qatar People Counting System Market By Offering
14.5.2.10.2 Qatar People Counting System Market By Technology
14.5.2.10.3 Qatar People Counting System Market By Type
14.5.2.10.4 Qatar People Counting System Market By Mounting Platform
14.5.2.10.5 Qatar People Counting System Market, By End-Use
14.5.2.11 Rest of Middle East
14.5.2.11.1 Rest of Middle East People Counting System Market By Offering
14.5.2.11.2 Rest of Middle East People Counting System Market By Technology
14.5.2.11.3 Rest of Middle East People Counting System Market By Type
14.5.2.11.4 Rest of Middle East People Counting System Market By Mounting Platform
14.5.2.11.5 Rest of Middle East People Counting System Market, By End-Use
14.5.3 Africa
14.5.3.1 Africa People Counting System Market By Country
14.5.3.2 Africa People Counting System Market By Offering
14.5.3.3 Africa People Counting System Market By Technology
14.5.3.4 Africa People Counting System Market By Type
14.5.3.5 Africa People Counting System Market By Mounting Platform
14.5.3.6 Africa People Counting System Market, By End-Use
14.5.3.7 Nigeria
14.5.3.7.1 Nigeria People Counting System Market By Offering
14.5.3.7.2 Nigeria People Counting System Market By Technology
14.5.3.7.3 Nigeria People Counting System Market By Type
14.5.3.7.4 Nigeria People Counting System Market By Mounting Platform
14.5.3.7.5 Nigeria People Counting System Market, By End-Use
14.5.3.8 South Africa
14.5.3.8.1 South Africa People Counting System Market By Offering
14.5.3.8.2 South Africa People Counting System Market By Technology
14.5.3.8.3 South Africa People Counting System Market By Type
14.5.3.8.4 South Africa People Counting System Market By Mounting Platform
14.5.3.8.5 South Africa People Counting System Market, By End-Use
14.5.3.9 Rest of Africa
14.5.3.9.1 Rest of Africa People Counting System Market By Offering
14.5.3.9.2 Rest of Africa People Counting System Market By Technology
14.5.3.9.3 Rest of Africa People Counting System Market By Type
14.5.3.9.4 Rest of Africa People Counting System Market By Mounting Platform
14.5.3.9.5 Rest of Africa People Counting System Market, By End-Use
14.6 Latin America
14.6.1 Trend Analysis
14.6.2 Latin America People Counting System Market By country
14.6.3 Latin America People Counting System Market By Offering
14.6.4 Latin America People Counting System Market By Technology
14.6.5 Latin America People Counting System Market By Type
14.6.6 Latin America People Counting System Market By Mounting Platform
14.6.7 Latin America People Counting System Market, By End-Use
14.6.8 Brazil
14.6.8.1 Brazil People Counting System Market By Offering
14.6.8.2 Brazil People Counting System Market By Technology
14.6.8.3 Brazil People Counting System Market By Type
14.6.8.4 Brazil People Counting System Market By Mounting Platform
14.6.8.5 Brazil People Counting System Market, By End-Use
14.6.9 Argentina
14.6.9.1 Argentina People Counting System Market By Offering
14.6.9.2 Argentina People Counting System Market By Technology
14.6.9.3 Argentina People Counting System Market By Type
14.6.9.4 Argentina People Counting System Market By Mounting Platform
14.6.9.5 Argentina People Counting System Market, By End-Use
14.6.10 Colombia
14.6.10.1 Colombia People Counting System Market By Offering
14.6.10.2 Colombia People Counting System Market By Technology
14.6.10.3 Colombia People Counting System Market By Type
14.6.10.4 Colombia People Counting System Market By Mounting Platform
14.6.10.5 Colombia People Counting System Market, By End-Use
14.6.11 Rest of Latin America
14.6.11.1 Rest of Latin America People Counting System Market By Offering
14.6.11.2 Rest of Latin America People Counting System Market By Technology
14.6.11.3 Rest of Latin America People Counting System Market By Type
14.6.11.4 Rest of Latin America People Counting System Market By Mounting Platform
14.6.11.5 Rest of Latin America People Counting System Market, By End-Use
15. Company Profiles
15.1Axis Communications AB (Sweden)
15.1.1 Company Overview
15.1.2 Financial
15.1.3 Products/ Services Offered
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 RETAILNEXT, INC. (US)
15.2.1 Company Overview
15.2.2 Financial
15.2.3 Products/ Services Offered
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 Hangzhou Hikvision Digital Technology Co., Ltd. (China)
15.3.1 Company Overview
15.3.2 Financial
15.3.3 Products/ Services Offered
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 iris-GmbH infrared & intelligent sensors (Germany)
15.4.1 Company Overview
15.4.2 Financial
15.4.3 Products/ Services Offered
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 VIVOTEK Inc. (Taiwan)
15.5.1 Company Overview
15.5.2 Financial
15.5.3 Products/ Services Offered
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 V-Count (UK)
15.6.1 Company Overview
15.6.2 Financial
15.6.3 Products/ Services Offered
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7Eurotech (Italy)
15.7.1 Company Overview
15.7.2 Financial
15.7.3 Products/ Services Offered
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 Hella Aglaia Mobile Vision
15.8.1 Company Overview
15.8.2 Financial
15.8.3 Products/ Services Offered
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 Shoppertrak
15.9.1 Company Overview
15.9.2 Financial
15.9.3 Products/ Services Offered
15.9.4 SWOT Analysis
15.9.5 The SNS View
15.10 Dilax Intelcom
15.10.1 Company Overview
15.10.2 Financial
15.10.3 Products/ Services Offered
15.10.4 SWOT Analysis
15.10.5 The SNS View
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions
17. Use Case and Best Practices
18. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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