Market Share of Occupancy Tracking Industry
The occupancy tracking market is significantly competitive, with several major players performing in the market and taking steps to expand their market footprint by focusing on product diversification. The players strengthen their product portfolio by adopting several strategies, including new product developments, partnerships, mergers, additions, etc., to gain a competitive edge over other players.
In January 2023, indie Semiconductor, an Autotech solutions innovator, announced a partnership with Seeing Machines, one of the leading computer vision technology companies, to complement the development of advanced vision processors for driver and vehicle occupant monitoring.
In November 2022, Occupancy technology company Occuspace announced its expansion into several colleges and universities in the U.S. and Canada to report real-time and historical space usage data for campus buildings to anyone using their Waitz mobile app, which was especially useful to students seeking places to study.
In August 2022, Fusion92, a Chicago-based marketing innovation firm with offices in Chicago, Detroit, and Austin, partnered with Occuspace, a significant occupancy monitoring technology firm, to provide innovative analytics solutions that assist retailers in better understanding foot traffic data, closing the media attribution loop, uncovering new brick-and-mortar insights, and improving the customer experience.
Occupancy Tracking Market Leaders
Honeywell International
Eaton Corporation
Schneider Electric
Legrand Inc.
Leviton Manufacturing Company
*Disclaimer: Major Players sorted in no particular order
