People Counting System Market Size

People Counting System Market Size

People Counting System Market size valued at USD 1.5 billion in 2021 and is projected to expand at over 20% CAGR from 2022 to 2028. The rising acceptance of the people counting system technology across different industries will boost the market growth.

The device supports company authorities to monitor the daily customer visits at a dedicated site. For instance, in banks, the system enables authorities to receive real-time occupancy of each branch, distribution of visitors in the branch, rate of effective operations to all visits, and the rate of visits per employee. The data helps them in allocating and managing resources based on the individual facility monthly/quarterly/half-yearly footfall. This allows them to enhance the customer experience, in turn, driving revenue generation. The overall benefits of the system will propel its utilization across the globe.
 

The COVID-19 pandemic negatively impacted the people counting system market in the first half of 2020. The imposition of strict lockdowns by government authorities to limit the spread of the virus led to the temporary closure of stores and transportation hubs, thus affecting the market revenue. However, the market witnessed a gradual recovery in 2021, which is driven by the rising emphasis on managing passenger flow effectively. Administrations in the transportation industry are focusing on installing advanced people counting technology at the entrance to supervise the total passenger count and ensure social distancing protocols. Bosch Security Systems, LLC and Philips PDS are offering a sensor-based system that tracks the number of customers entering & exiting the premises. The people counting system has a live information display for customer queue communications, informing them when it is safe to enter a particular area on the premise.