People Counting Systems Market Size, Share, Growth Analysis, By Type(Beam Counting Systems, Thermal Imaging Systems, and Video-Based Systems), By Application(Retail and Transportation), By Region - Industry Forecast 2024-2031

Global people counting system market is characterized by intense rivalry and a focus on innovation and product differentiation. The increasing number of product launches indicates the growing competition among market players. Companies are striving to develop advanced technologies and features to gain a competitive edge. Partnerships and collaborations are also observed, aiming to enhance product offerings and expand market reach. This dynamic environment fosters innovation, drives market growth, and provides customers with a wide range of options when choosing people counting system solutions.

People Counting Systems Market Top Player’s Company Profiles

• Axis Communications AB (Sweden)

• RetailNext Inc. (US)

• Hikvision Digital Technology Co., Ltd. (China)

• ShopperTrak (US)

• Countwise LLC (US)

• Irisys (UK)

• V-Count (Turkey)

• InfraRed Integrated Systems Ltd. (IRISYS) (UK)

• Xovis AG (Switzerland)

• Traf-Sys Inc. (US)

• Axiomatic Technology Limited (UK)

• Brickstream (US)

• HELLA Aglaia Mobile Vision GmbH (Germany)

• DILAX Intelcom GmbH (Germany)

• Eurotech S.p.A. (Italy)

• Sensormatic Solutions (US)

• Retail Sensing Ltd. (UK)

• Vectorform (US)

• CountWise (US)

• Iris-GmbH (Germany)

People Counting Systems Market Recent Development

• Sensmatic Solutions, a Johnson Controls company, purchased Euclid Analytics, a top supplier of analytics and people counting software, in January 2024 for about $152.1 million, expanding Sensormatic's retail analytics offering. 
• In May 2023, V-Count launched its latest people counting system, VC7, which features advanced AI algorithms for improved accuracy and real-time analytics capabilities. 
• In March 2023, SenSource, a provider of people counting and analytics solutions, acquired ShopperGauge, a retail analytics company, to enhance its offerings and provide deeper insights into customer behavior. 
• In January 2023, Density, a people counting and space analytics provider, raised $25 million in Series B funding led by Kleiner Perkins to expand its operations and develop new products. 
• Axis Communications AB stated in November 2022 that the AXIS P8815-2 3D People Counter would be receiving additional functionality. One component of the new capabilities is tailgating detection, which may identify and notify users if multiple people arrive within a predetermined window of time.