Automated Passenger Counting System Market is Likely to Grow at 20% CAGR to 2022

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Automated Passenger Counting System Market is
Poised to Register 20 Growth by the End of 2022
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2022
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Automated Passenger Counting System Market

Market Scenario Automated passenger counting
system uses electronic sensors for recording
boarding and alighting data of passengers. The
global automated passenger counting system market
is projected to grow at a CAGR of 20 during the
forecast period of 2016 to 2022. Market
Dynamics Explosive Growth And Growing Complexity
Of Travel And Tourism Is The Prime Driver Of The
Market The explosive growth of travel and
tourism, increasing concern of passenger
security, growing complexity, and means of
travel, demand for real-time information, and
customer satisfaction are the prime drivers of
the market. Effective management of crowd help to
mitigate concerns of security especially in
public transport systems is an essential paradigm
behind the adoption of passenger counting
system. Development Of Automation And Sensor
Technology, And Advent Of Analytics Is Expected
To Be The Future Of The Market Get Free Sample
Report _at_ https//www.marketresearchfuture.com/samp
le_request/2398 The developments in automation
and sensor technology, advent of analytics,
benefits of price discovery, cost-effectiveness
owing to automation, increasing necessity to
achieve fleet optimization, demand for smart
telematics solutions forecasting, business and
operations intelligence gained by the advantage
of the passenger counting systems are driving
greater adoption. Elimination of errors resulting
from manual paperwork, the convergence of
information at a single platform and others are
the technological drivers of the market. The
real-time information presented by systems which
help in forewarning about an untoward event,
thereby contributing to take corrective action is
another driver of the market. Development of
greater functionality such as surveillance,
capacity prediction, and others are also fuelling
the demand.
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Automated Passenger Counting System Market

The pricing of tickets and upgrading to real-time
passenger information systems are the most
extensive market opportunities for theautomated
passenger counting system market. The better
accuracy and generation of transit use patterns
by linking boarding and alighting data with stop
or station location is another market
opportunity. Lack Of Awareness Is The Prime
Deterrent Of The Market The high cost of
installation and maintenance, lack of awareness,
and concerns over data security are prime
deterrents of the market growth. The key drivers
for the growth of the automated passenger
counting system are and growing urbanization.
Also, government regulations supporting automated
supporting system installations in the
North-American region. However, the high initial
cost in the price-sensitive emerging economies
and relatively quick return on investment is
hindering the growth of the market. Geographically
, North America accounted for the most
significant market share in the global automated
passenger counting system market whereas
Asia-Pacific region is expected to grow at a fast
pace over the forecast period 2016-2022.      Domi
nant Players  The prominent players operating in
the global automated passenger counting system
market report include Ris-GmbH (Germany), HELLA
Aglaia Mobile Vision GmbH (Germany), Eurotech
S.p.A. (Italy), DILAX Intelcom GmbH (Germany),
Infodev Electronic Designers International Inc.
(Canada), Cisco Systems, Inc. (U.S.) Siemens AG
(Germany), Hitachi, Ltd. (Japan), Huawei
Technology Co., Ltd. (China), Clever Devices Ltd.
(U.S.), Retail Sensing Ltd. (U.K.), Syncromatics
Corp. (U.S.), and Trapeze Group (Canada) and
others.
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Automated Passenger Counting System Market

Segments The global automated passenger counting
system market is segmented by technology,
application, end-users, and region. By
technology, the market is segmented into
infrared, stereoscopic vision, time-of-flight, IP
cameras. Based on application, the market is
segmented as railways, roadways, airways.
Railways accounted for the most significant
market share owing to need for real-time
information related to train timetables, train
delays, current location, emergency
announcements, advertisements and infotainment
services. Based on end-users, the market is
segmented into buses, trains, ferry boats among
others. Based on regions, the market is segmented
into North America, Europe, Asia-Pacific and rest
of the World. Get Complete Report
_at_ https//www.marketresearchfuture.com/reports/aut
omated-passenger-counting-system-market-2398
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