According to the market research Smart Parking Market by System (Guided & Smart Park), Technology (Ultrasonic, Radar, Image), Component, Parking Management by Solution (Security & Surveillance, Valet & Parking Reservation, License Plate Recognition), and Vertical - Global Forecast to 2021. The
The smart parking market is projected to grow at a CAGR of 17.94% during the forecast period, to reach a market size of USD 5.25 billion by 2021 from USD 2.13 billion in 2015. The market for park assist system is driven by factors such as increased consumer preference towards comfort and luxury, and increased competition between OEMs to offer such driver assistance features.
Smart Parking Market by System (Guided & Smart Park), Technology (Ultrasonic, Radar, Image), Component, Parking Management by Solution (Security & Surveillance, Valet & Parking Reservation, License Plate Recognition), and Vertical - Global Forecast to 2021
The smart parking market is projected to grow at a CAGR of 17.94% during the forecast period, to reach a market size of USD 5.25 billion by 2021 from USD 2.13 billion in 2015.
The smart parking market is projected to grow at a CAGR of 17.94% during the forecast period, to reach a market size of USD 5.25 billion by 2021 from USD 2.13 billion in 2015. The market for park assist system is driven by factors such as increased consumer preference towards comfort and luxury, and increased competition between OEMs to offer such driver assistance features.
The global smart parking systems market was worth USD 4.5 billion in 2020 and is further projected to reach USD 17.2 billion by 2027, at a CAGR of 21.2% during the forecast period (2021-2027).
The smart parking market is projected to grow at a CAGR of 17.94% during the forecast period, to reach a market size of USD 5.25 billion by 2021 from USD 2.13 billion in 2015.
The Global Smart Parking Market size is expected to reach $7.8 billion by 2024, rising at a market growth of 10.5% CAGR during the forecast period. Growing parking concerns globally, growing adoption of Internet of Things (IoT), and rapidly growing number of f vehicles are the factors that drive the demand for smart parking market. However, high employment cost & configuration complexity would limit the market growth. Moreover, growing investments into building driverless vehicles, and growth of smart cities across different regions would create tremendous opportunities for the growth of the market. Full Report: https://www.kbvresearch.com/smart-parking-market/
Smart Parking offers a compelling solution to the challenge of limited parking space. If you own a parking lot and want to take advantage of your valuable space to increase your capacity and serve more customers, then Smart Parking is for you.
According to Renub Research report titled “Global Smart Parking Market By Type [Off-street & On-street], Application (Security & Surveillance, Smart Payment System, E-Parking & license Plate Recognition), End-User (Transport Facilities, Governments and Municipalities, Commercial Institutions & Corporate Institution), Regions (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Companies (ASSA ABLOY AB, Allegion Plc, Aisin Seiki Co. Ltd, Siemens AG & Bosch)” studies the Global Smart Parking Industry.
visit Here: https://www.grandresearchstore.com/machines/smart-parking-spot-lock-market-724 This report studies the global Smart Parking Spot Lock market status and forecast, categorizes the global Smart Parking Spot Lock market size value & volume by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions India, Southeast Asia, Central & South America, and Middle East & Africa.
Smart Parking Market by System (Guided & Smart Park), Technology (Ultrasonic, Radar, Image), Component, Parking Management by Solution (Security & Surveillance, Valet & Parking Reservation, License Plate Recognition), and Vertical - Global Forecast to 2021
Smart Parking Market by System (Guided & Smart Park), Technology (Ultrasonic, Radar, Image), Component, Parking Management by Solution (Security & Surveillance, Valet & Parking Reservation, License Plate Recognition), and Vertical - Global Forecast to 2021
The report "Smart Parking Market by System (Guided & Smart Park), Technology (Ultrasonic, Radar, Image), Component, Parking Management by Solution (Security & Surveillance, Valet & Parking Reservation, License Plate Recognition), and Vertical - Global Forecast to 2021", The passenger car smart parking market is projected to grow at a CAGR of 17.94% during the forecast period, to reach a market size of USD 5.25 Billion by 2021 from USD 2.13 Billion in 2015.
The Smart Parking System Market Report offers a complete picture of industry trends and factors along with quantitative data based on historical data and from various sources. Apart from this, the report also provides the market outlook, growth, share, size, opportunity and forecast during 2019-2025. Further, the report focuses on competitive landscape including company profiles of leading key players along with industry demand, future capacities, key mergers & acquisitions, financial overview in the global market of smart parking system.
The global Smart Parking System Market is highly fragmented due to the presence of a various large number of players which forms a competitive environment. The report entails all-inclusive information associated with the latest market updates such as new ideas, market size, opportunity, growth path and trends for the forecast period of 2019-2025 to gain competitive edge across the globe. This report also highlights various important strategic mergers and acquisitions, company overview, financial details, and the latest development undertaken.
Smart Parking Market in Western Europe 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The smart parking solutions market remains highly consolidated, with established and mid-sized companies accounting for 40-50% and 30-35% of the revenue share respectively.
Market Research Future published a research report on “Hybrid Smart Parking Platform Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Get Complete Report @ https://www.marketresearchfuture.com/reports/hybrid-smart-parking-platform-market-4241
According to a report by P&S Intelligence, the global smart parking systems market is projected to reach a value of $9.1 billion by 2024, rising from $3.4 billion in 2018, advancing at a 16.1% CAGR during the forecast period (2019–2024).
Smart parking is a vehicle parking system that helps drivers find a parking space at minimal cost. It consists of sensors, apps, smart parking meters, and mobile phone automated payment systems that allow drivers to reserve parking in advance and pay by credit card or cash.
... based on studies in suburban areas with high car dependency. ... Establish provisions for compact car spaces. Smart Growth / Smart Energy Toolkit Smart Parking ...
The Global Smart Parking Market size is expected to reach $7.8 billion by 2024, rising at a market growth of 10.5% CAGR during the forecast period. Full report: https://kbvresearch.com/smart-parking-market/
More Information @ http://bit.ly/2o7LFmz The smart parking systems market share will grow substantially owing to benefits, such as real-time information about the availability of spaces in desired locations, thus saving time, energy, and fuel. It eliminates the drivers’ need to search for a parking spot by going around the desired areas.
Smart Parking Market categorizes the Global Market by System (Guided & Smart Park), Technology (Ultrasonic, Radar, Image), Component, Parking Management by Solution (Security & Surveillance, Valet & Parking Reservation, License Plate Recognition), and Vertical.
Global smart parking was reached USD 2.0 Billion in 2016. The ever increasing traffic and the need to develop efficient parking solutions is expected to drive the market to grow at a CAGR of 18% over the forecast period i.e. 2016-2024 and reach a valuation of approximately USD 7.5 Billion by 2024.
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The passenger car smart parking market is projected to grow at a CAGR of 17.94% during the forecast period, to reach a market size of USD 5.25 Billion by 2021 from USD 2.13 Billion in 2015.
Smart Parking Market categorizes the Global Market by System (Guided & Smart Park), Technology (Ultrasonic, Radar, Image), Component, Parking Management by Solution (Security & Surveillance, Valet & Parking Reservation, License Plate Recognition), and Vertical
Smart Parking Market categorizes the Global Market by System (Guided & Smart Park), Technology (Ultrasonic, Radar, Image), Component, Parking Management by Solution (Security & Surveillance, Valet & Parking Reservation, License Plate Recognition), and Vertical .
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Brand Essence Market Research has recently developed a report on the’ Smart Parking Market ’ which presents substantial inputs about the market size, market share, regional trends, and profit projection of this business sphere. The report also enlightens users regarding the foremost challenges and existing growth tactics implemented by the leading organizations that constitute the dynamic competitive gamut of this industry.
Global Smart Parking Market Information by Parking site (On-street, Off-street), by Solutions (Security & Surveillance, Valet & Parking Reservation and other)By Application (Transport Transit, Government, Commercial) - Forecast to 2022
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In today’s time, implementing Smart City leveraging IoT and connected technology helps promote economic development, improve infrastructure & environment, enhance transportation systems and optimize costs of managing public assets. Read on to learn about the various components of Smart City and their impact in the IoT era.
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The global smart parking systems market is expected to witness a CAGR of 15.8% during the forecast period, to reach $4,800 million by 2023. The parking sensors have emerged as the largest segment in the global smart parking systems market. In 2016, Asia-Pacific was among the fastest growing markets, due to growing awareness of end-users about smart parking systems in the region.
In 2015, propelled by a number of favorable policies, the Chinese parking lot management system size was worth about RMB5.52 billion, up 47.2% from a year ago. It is expected the market will maintain a growth rate of over 30% over the next couple of years, arriving at RMB27.08 billion by 2020. Moreover, new sectors like parking data operation and Internet parking services will bring about new markets of RMB10 billion+. Smart parking industry enjoys a potential market of at least RMB100 billion, indicating broad prospects for development.
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