Press release
Global Hybrid Smart Parking Platform Market Analysis and Forecast of 2025 in terms of Value and Volume
The consumption of Hybrid Smart Parking Platform in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Streetline, Libelium, etc.
Smart parking solutions are a need for today owing to the increasing number of vehicles and the lack of parking spaces. Many companies are investing into the smart parking management market. Streetline has been recognized by Frost & Sullivan with the global product line strategy leadership award for the year 2016. Streetline uses machine learning techniques to deploy hybrid smart parking platform in order to merge data that is collected for real time parking guidance and analytics. Streetline is considered to be a world leader in smart parking solutions and management.
North America region holds the largest market share of global hybrid smart parking platform market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing number of vehicles on street and growing awareness about pollution measures in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies and better connectivity for real time data streaming.
Hybrid smart parking platform market has been segmented on the basis of component, parking type, solution and application. The parking type segment is further bifurcated into on street parking and off street parking. On street parking refers to parking of vehicles along the streets whereas off street parking refers to parking of vehicles in the garages and parking lots. This is owning to the growing demand for smart city solutions and increasing need for parking space management in order to avoid traffic congestion and maintain better air quality by reducing the traffic problems.
Hybrid smart parking platform helps in optimizing parking resources with continuous streaming of data from streets. It offers real time analysis of data and accurate results on parking occupancy based on multiple data sources.
Global Hybrid Smart Parking Platform market size will reach 2830 million US$ by 2025, from 790 million US$ in 2017, at a CAGR of 17.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018-2025 as the forecast period to estimate the market size for Hybrid Smart Parking Platform.
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The following manufacturers are covered in this report:
Streetline
Libelium
Tata Elxsi
IPS Group
Kapsch TrafficCom
NuPark
Siemens
Robert Bosch
Huawei Technologies
Acer
Hybrid Smart Parking Platform Breakdown Data by Type
Hardware
Software
Service
Hybrid Smart Parking Platform Breakdown Data by Application
Government
Residential
Commercial
Hybrid Smart Parking Platform Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
Hybrid Smart Parking Platform Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Hybrid Smart Parking Platform status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Hybrid Smart Parking Platform manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Hybrid Smart Parking Platform :
History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Hybrid Smart Parking Platform market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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