What is Smart Parking?
Smart Parking is a parking strategy that combines technology and human innovation in an effort to use as few resources as possible, such as fuel, time and space—to achieve faster, easier and denser parking of vehicles for the majority of time they remain idle.
Smart Parking and its sister approach, Intelligent Transportation, are based on the fundamental ecological principle that we are all connected. Parking and transportation are both essential in the movement of people and goods. The Smart Parking and Intelligent Transportation vision and overlapping technologies are steadily melding into one integrated stream.
Smart Parking System Market Trends
The smart parking is a system which guides the driver in finding a vacant spot for vehicle parking. This type of parking system helps in detecting the parking space through the sensors along with directing the driver about the empty space. RFID, smartapp, ultrasonic are some of the technologies that are used in the smart parking system. The factors which are influencing the smart parking market include the higher demand for the smart cities solution. Also, growing urbanization is another reason for the growth of the smart parking market. The smart parking system is currently being highly adopted by the shopping centers, universities, airports and city garages. The ability for analyzing, connecting and automating data collected from the devices and powered by the Internet of Things (IoT) technology, is what makes the smart parking possible. The smart parking market is expected to grow at CAGR of 10.97% during the forecast period 2017 to 2023.
Market segmentation
The global smart parking market is classified on the basis of its technology, parking site, and regional demand. Based on its technology, the market is classified into ultrasonic, RFID, smartapp, in-ground vehicle detection sensor and others. On the basis of its parking site, the smart parking market is categorized as off-street and on-street.
Major players: The key players in the global smart parking market are -
IEM SA (Switzerland)
IPS Group Inc. (U.S.)
Klaus Multiparking Systems (Germany)
Amano McGann, Inc. (U.S.)
Smart Parking Limited (Australia)
PArklayer (India)
Robert Bosch GmbH (Germany)
Dongyang Menics Co., Ltd (South Korea)
Omnitec group (UAE)
Mindteck (India)
To know more on how the industry is trending, visit @ https://www.aarkstore.com/ict/1097438/global-residential-security-market-by-product-forecast-2023
Recently published a report entitled Smart Parking System Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad smart parking system market has been sub-grouped into component, parking site and vertical.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Smart Parking System Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/smart-parking-system-market/download-sampleBy ComponentHardwareSoftwareBy Parking SiteOff-StreetOn-StreetBy VerticalCommercialPersonalTransport & AviationGovernmentOthersThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the smart parking system market include 3M, Amano Corporation, BMW Group, Bosch, Cubic Corporation, Kapsch TrafficCom AG, Nortek Control Systems Ltd., Siemens, Swarco AG, and Xerox Corporation.
The new Smart Parking System Market report offers a comprehensive study of the present scenario of the market coupled with major market dynamic.
Also, it highlights the in-depth market analysis with the latest trends, drivers and its segments with respect to regional and country.
Further, this report profiles top key players and analyze their market share, strategic development and other development across the globe.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the smart parking system market include 3M, Amano Corporation, BMW Group, Bosch, Cubic Corporation, KapschTrafficCom AG, Nortek Control Systems Ltd., Siemens, Swarco AG, and Xerox Corporation.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Smart Parking System Market Research Report" by requesting FREE Sample Copy at:https://www.valuemarketresearch.com/contact/smart-parking-system-market/download-sampleMarket DynamicsRising trend of adoption of IoT and machine-to-machine (M2M) devices is driving the market growth.
Owing to quick and accurate data regarding parking availability has widened its application area in commercial infrastructures.
DecisionDatabases recently present the global Smart Parking Market research report 2020 which reveals an extensive analysis of the global industry by delivering detailed information about upcoming market growth, trends, customer expectations, technological improvements, competitive dynamics, top manufacturers' assessment, and working capital in the industry.
This is an in-depth study of the market enlightening key forecast to 2025.According to this study, over the next five years the Smart Parking market will register a CAGR in terms of revenue, the global market size will reach US$ million by 2024, from US$ million in 2019.
In particular, this report presents the global revenue market share of key companies in Smart Parking business, shared in Chapter 3.Browse the complete Smart Parking market Report and TOC @ https://www.decisiondatabases.com/ip/14449-smart-parking-system-market-analysis-reportThe key manufacturers covered in this report: BConduent, Inc.SKIDATA AG.Amano McGann.Streetline, Inc.Cisco Systems, Inc.ParkMe, Inc.Parkmobile LLCSegmentation by product type: Consulting ServicesEngineering ServicesSegmentation by application:CommercialGovernmentTransport TransitThis report also splits the market by region:• Americas• United States• Canada• Mexico• Brazil• APAC• China• Japan• …….Download Free Sample Report of Global Smart Parking Market Report @ https://www.decisiondatabases.com/contact/download-sample-14449Research objectivesTo study and analyze the global Smart Parking consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Smart Parking market by identifying its various subsegments.Focuses on the key global Smart Parking manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Smart Parking with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of Smart Parking submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Purchase the complete Global Smart Parking Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-14449Other Reports by DecisionDatabases.com:Global Electric Parking Brake Market Growth 2019-2024 @ https://www.decisiondatabases.com/ip/15252-electric-parking-brake-market-analysis-reportGlobal Autonomous Parking Systems Market Growth 2019-2024 @ https://www.decisiondatabases.com/ip/42469-autonomous-parking-systems-market-analysis-reportAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: www.decisiondatabases.com
The key contributing factors of smart parking management system market are fast increasing Sales Strategy, Revenue Generation, Valuable Growth Prospects, and Cost Structure Analysis.
Top-Vendor landscape of smart parking management system market report, which focuses on the major industry growth drivers, threats, opportunities and constraint for the top key players.
To begin with, the new business opportunities and investment research on smart parking management system market report covers market characteristics, industry structure and competitive landscape, the problems, desire concepts, along with business strategies market effectiveness.
The study includes competitive analysis, production information analysis, applications and regional analysis, competitor analysis, consumption and revenue analysis, cost structure analysis, price estimation and revenue analysis 2029.Get Sample with Latest Trends and Future Advancements (Use Company eMail ID to Get Higher Priority) at: https://market.us/report/smart-parking-management-system-market/request-sample/The following section focuses on market size, region-wise changing trends opening up new prospects for market production value ($) and growth rate estimation from 2019-2029.
The report forecasts the innovative applications of smart parking management system market on the basis of this evaluation.The Growth in Smart parking management system Market Description:The report begins from an overview of the business chain structure and describes the industry environment, then analyses market size and forecast of Steady by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
The scope of the report includes a detailed study of global and regional markets on smart parking management system market with the sense given for discrepancy in the growth of the industry in certain regions.There are four key segments covered in this Smart parking management system Market report: 1.
