Smart Parking Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029 Modern smart parking systems allow users to reserve a parking slot in advance, locate available parking space with the help of real-time data and smartphoneenabled applications. The rise in a number of vehicle users, rise in the development of smart cities and increasing expansion of corporate hubs, malls, hospitals and academic institutions are fuelling the demand for parking space. Reduction in carbon foot, cost-effectiveness and ease of accessibility are certain benefits that encourage the use of smart parking system and in turn facilitating extensive growth in the global smart parking market. Reduced the costs of hardware-based solutions and sensors to gather detailed information on transportation patterns data is also catalysing the market. Additionally, government initiatives to manage traffic congestions, develop improved parking spaces and increased adoption of smart parking systems is causing radical expansion of the smart parking market. The global smart parking market is expected to value over US $ 9 Billion by the end of 2026 and forecasted to propagate at a CAGR of 10.87% from 2019 to 2026. Growth Restraints Hampering Global Smart Parking Market • Lack in the standardization of smart parking systems • The high set up cost involved in infrastructure investments for smart parking systems • Fragmented coordination between software developers and hardware providers Request a Sample Report @ https://www.futurewiseresearch.com/requestsample.aspx?id=173&page=requestsample Global Smart Parking Market, by Technology + Ultrasonic + IoT + RFID Global Smart Parking Market, by Application + Smart Payment System + Security & Surveillance + E-parking + License Plate Recognition Global Smart Parking Market, by Type + On-street Parking + Off-street Off-street parking in the form of garage and parking lots are gaining traction due to greater safety than the on-street parking spaces. Off-street parking is soon estimated to gain the largest market share over the next 6-7 years and grow at a lucrative CAGR. Global Smart Parking Market, by End User + Government + Commercial Global Smart Parking Market, by Region + North America + Latin America + Europe + Asia Pacific + Rest of the World Booming automobile industry, smart cities initiatives by government bodies and huge population in countries like Japan, India and China in the APAC region makes it the largest shareholder in terms of investment returns and market penetration. Due to growth in metropolitan cities and adoption of advanced technologies is fuelling a remarkable CAGR in the European region making it second largest market holder. Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/requestsample.aspx?id=173&page=askfordiscount Competitive Landscape: + Tier 1 players- established companies in the market with a major market share + Tier 2 players + Emerging players which are growing rapidly + New Entrants FutureWise Key Takeaways + Growth prospects + SWOT analysis + Key trends + Key data-points affecting market growth Objectives of the Study: + To provide an exhaustive analysis on Global Smart Parking Market by Technology, Application, by Type, End User and by Region + To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) + To evaluate and forecast micro-markets and the overall market + To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East + To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions + Profiling of companies to evaluate their market shares, strategies, financials and core competencies Table of Contents Introduction Report description Key benefits for stakeholders Key market segments Research methodology Primary research Secondary research Executive summary Market overview Market definition and scope Key findings Market share analysis, 2018 (%) Market dynamics Drivers Restraint Opportunities Smart Parking Market, By Type Overview On street Off street Smart Parking Market, By Technology Overview Internet of things (iot) Ultrasonic Rfid Smart Parking Market, By Application Overview Security & surveillance Smart Payment Systems Key market trends, growth factors and opportunities Market size and forecast, by region Market analysis by country E-Parking Key market trends, growth factors and opportunities Market size and forecast, by region Market analysis by country License Plate Recognition Key market trends, growth factors and opportunities Market size and forecast, by region Market analysis by country Smart Parking Market, By End User Overview Commercial Government Smart Parking Market, By Region Overview North america U.S. Canada Mexico Europe UK Germany France Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific LAMEA Company Profiles Amano mcgann, inc. Urbiotica Smart parking ltd. Iem sa Ips group inc. Klaus multiparking systems Swarco ag Robert bosch gmbh Continental ag Dongyang menics co.ltd Inquire further details about this report at: [email protected] About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future. Contact Us: Company Name: FutureWise Research Contact Person: Vinay Thaploo Email: [email protected] Phone: +44 141 628 9353 / +1 970 279 4295 City: Leeds Country: United Kingdom Website: www.futurewiseresearch.com
Modern smart parking systems allow users to reserve a parking slot in advance, locate available parking space with the help of real-time data and smartphone-enabled applications. The rise in a number of vehicle users, rise in the development of smart cities and increasing expansion of corporate hubs, malls, hospitals and academic institutions are fuelling the demand for parking space.
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