The global smart parking market is anticipated to grow significantly at a CAGR of 16.5% during the forecast period. Rapid urbanization and population growth have resulted in city overcrowding, and both factors contribute to parking issues in populated areas. One of the major concerns is the inefficient use of land for parking. With the introduction of the smart parking system, all of the problems associated with parking have been solved. The Smart Parking system is a car parking system that allows the driver to search for available parking spaces, book that spot, and pay the bill for that space online in only a few clicks.
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With the help of apparent insights depicted here into a wide range of product and service releases by key competitors in the market, novice players are able to position themselves in the vast market. It is an indispensable need to get detailed idea to track future business growth and this Smart Parking Market research report is the best medium to get that vision. It also aims at providing market environment along with covering complete market information. Smart Parking Market research report also enables business owners to have firm grasp over what consumers exactly expect, their future demands, wants and preferences by offering detailed customer related data. It further discusses about key market players and ongoing latest trends.
This informative yet easy to understand Smart Parking Market study report covers wide-ranging product launch wise latest trends, regulatory shifts and other important factors, which are expected to affect the overall industry growth for the approaching time span 2022-2028. It aims at providing detailed knowledge about what customers exactly want from which key players can make sound decision making for the growth of business. It also aims at measuring marketing effectiveness. SWOT Analysis technique is also employed to form the market research report to cover helpful opportunities, possible challenges and threats. Impact of new corona virus on the global economy is also shared in this Smart Parking Market report. Collaborations, mergers and acquisitions like strategies are also covered in this market study report.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Smart Parking Market Report Segment
By Solution
- License/Registration Plate Recognition
- Parking Reservation Management
- Security And Surveillance
- Valet Parking Management
By Parking Site
- On-Street Parking
- Off-Street Parking
By Application
- Commercial
- Government
- Others (Airports, Personal)
By Components
- Display Units
- Parking Sensors
- Steering Angle Sensors
- Electronic Control Units
- Others (Parking Meters, Electronic Billing)
Global Smart Parking Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart parking market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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