In cities like Delhi, Mumbai, Bangalore, etc., the absence of ample parking spaces is rampant. This makes commuting in your personal vehicle too much of a hassle. People are often seen circling an area several times in order to find a parking space. This not only results in unnecessary wastage of time but resources too. Just like everything else, modern technology is here to rescue people from this challenging situation! Nowadays, smart parking apps have become essential for every individual who owns a vehicle. Without their assistance, finding a suitable parking space becomes close to impossible in urban areas. Here’s more on a few other reasons why every city dweller should use a smart parking app.
1. Saves Time and Money
The biggest advantage of a smart parking app is that it helps in saving a lot of time and money. With real time information on available parking spaces, people can save the time wasted in circling a particular place to find a suitable parking space. With the need to drive around completely eliminated, people can also save a lot of fuel and the associated costs. This way, these applications help in saving a lot of time and money.
2. Reduces Traffic Congestion
Without proper knowledge of available parking spaces, drivers keep circling the area; that too very slowly so they can spot a space. This slow moving vehicle further adds to the congestion on the roads. With prior knowledge of the available parking spaces, people can quickly get off the road and swiftly park the vehicle. These smart parking solutions are quite effective in reducing congestion on roads too.
3. Enhances Accessibility
Oftentimes, modern parking spaces have reserved parking areas for people with disabilities as well as for electric vehicles. However, in the absence of any prior information people usually fail to locate these spaces. These applications that showcase all information related to available parking spaces also help people identify these reserved areas, thus, making parking a lot more convenient for many.
4. Enhances User Experience
Finding a suitable parking space is always a big hassle in urban towns and cities. In fact, because of the lack of availability of adequate parking space, owners of four wheelers are quite reluctant to drive out on their own. However, with apps giving real time information on the availability of parking spaces, the whole process has become hassle free and convenient for owners of four wheelers.
5. New Business Opportunities
Businesses that are into renting out parking spaces can maximise their revenue opportunities by showcasing the available spaces via these parking apps. These businesses can also effectively market their presence with these revolutionary apps.
Therefore, in the busy and overcrowded area, smart parking solutions are certainly a boon for people driving four wheelers.
February 22, 2019: This report focuses on the global Smart Parking status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Smart Parking development in United States, Europe and China.In 2017, the global Smart Parking market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.The key players covered in this studyConduent, Inc.SKIDATA AG.Amano McGann.Streetline, Inc.Download sample Copy of This Report at: https://www.radiantinsights.com/research/global-smart-parking-market-size-status-and-forecast-2018-2025/request-sample Cisco Systems, Inc.ParkMe, Inc.Parkmobile LLCMarket segment by Type, the product can be split intoConsulting ServicesEngineering ServicesMobile App Parking ServicesClick For Report Details @ https://www.radiantinsights.com/research/global-smart-parking-market-size-status-and-forecast-2018-2025 Market segment by Application, split intoCommercialGovernmentTransport TransitMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Smart Parking status, future forecast, growth opportunity, key market and key players.To present the Smart Parking development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Smart Parking are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.For More Information, Visit Radiant Insights Contact:Michelle ThorasCorporate Sales Specialist, USARadiant Insights, IncPhone: 1-415-349-0054Toll Free: 1-888-202-9519Email: [email protected] Blog URL: http://ictmarketforecasts.wordpress.com
