The global People Counting System markets has a total value of 286.07 M USD back in 2012, and increased to 685.53 M USD in 2017. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of People Counting System markets can be 1533.30 M USD by 2022.The CAGR of People Counting System is 17.47% from 2017 to 2022.
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Europe was the largest revenue market with a market share of 26.07% in 2012 and 24.61% in 2017 with a decrease of 1.46%. North America ranked the second market with the market share of 24.25% in 2016. The market in Asia-Pacific includes countries such as China, Japan, India, Australia, Singapore, Malaysia, Thailand, and so on. Healthy economic growth, changing demographic profile, increasing disposable incomes, growing urbanization, and changing consumer tastes and preferences are some of the driving factors for the growth of the retail stores, resulting in increased demand for people counter systems.
People Counting System companies are mainly from United States, and the top three companies are RetailNext, Brickstream, ShopperTrak, with the revenue market share of 6.01%, 5.91%, 5.51% in 2016.
The growing retail sector and the increased adoption rate of people counting technologies, availability of low-cost and easy set-up solutions, and the growing need for people counting solutions in transportation sector are some of the factors driving the growth of the people counting system market. However, the booming e-commerce industry and the increasing online sales channels restrain the growth of the market.
Although sales of People Counting System brought a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage and downstream support do not enter into the People Counting System field. As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. What is more, the company in this industry should pay attention to their R&D, innovation and services, then they may get the competition advantage, and get a bigger market share.
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