Smart Parking Market by Type, Technology, Key players and Forecast To 2025
At present, North America dominates the market, followed by Europe. In 2017, the U.S. is expected to remain dominant in the North America market, while France is expected to lead at a significant growth rate in Europe.
There are problems associated with vehicle parking due to growth in number of vehicles. This technology provides user a real-time information related to the parking space. Rise in population, increase in disposable income, and development of the cities with the slower pace has resulted in parking related problems.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2878
This technology helps solve problem associated with parking that leads to create air pollution. It includes components that consist of low-cost sensors, real-time data interference, and smart mobile applications that allow users to monitor available & unavailable parking spots. Facility to handle the parking of the vehicle suitably with the use of smart phones. Governments across the globe are taking initiative for the development of infrastructure which is projected to result in automated parking. Furthermore, some solutions facilitate the services such as online payments, parking time notifications, and car searching functionalities for very huge parking lots. In December 2017, the U.S.-based Blockchain technology firm Net-Objex has showcased a smart parking payment solution by using the IOTA decentralized network and cryptocurrency. This new solution is projected to help motorists to pay autonomously for parking through the integration of crypto wallets.
Furthermore, the market is expected to grow at a lucrative demand during the forecast period, owing to the advantages such as improved usage of parking space, reduced traffic congestion enhanced user interference due to real time data accessibility, and increased safety to human beings as well as other motor vehicles. The rise in development of urbanization leads to increase in demand for infrastructure including transportation and building. Smart cities also provide higher technology through mobile technology, thus optimizing existing infrastructure in an efficient way.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2878
Based on type, the off-street parking segment generated the highest revenue in the smart parking market in 2017, and is expected to remain dominant during the forecast period. In addition, based on technology, the ultrasonic sensor segment generated the highest revenue followed by IoT and RFID.
Key Findings of the Smart Parking Market:
The off-street parking type segment is estimated to generate the highest revenue in the global smart parking market in 2017.
In 2017, the commercial segment is projected to be the highest revenue contributor in the end-user segment.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
In 2017, North America contributes the highest market revenue, followed by, Asia-Pacific, Europe, and LAMEA.
The key players profiled in the report are Amano Mcgann, Inc., Urbiotica, Smart Parking Ltd., IEM SA, IPS Group Inc., Klaus Multiparking Systems, Swarco AG, PArklayer, Omnitec group, Dongyang Menics Co. Ltd., Skidata AG, and Mindteck.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Parking Market by Type, Technology, Key players and Forecast To 2025 here
News-ID: 1345384 • Views: 211
More Releases from Allied Market Research
Increasing Need for Automation in Process Industries Drives the Control Valve Ma …
Control Valve Market Outlook - 2022 The global control valves market expected to reach $13,674 Million by 2022 at a CAGR of 7.6% from 2016 to 2022. Pneumatic control valves market occupied a dominant share of about 80% in 2015 and is expected to maintain its lead throughout the forecast period. By application, electric powered control valve segment accounted for about 22% of the market share in 2015. North America
Thermal Energy Storage Market Expected to Reach $8,862 Million By 2023 at a CAGR …
Thermal Energy Storage Market Outlook – 2023 The Global Thermal Energy Storage Market was valued at $3,988 Million in 2016, and is estimated to reach $8,862 Million by 2023, registering a CAGR of 10.9% from 2017 to 2023. In 2016, the sensible heat storage segment accounted for more than half share of the total market. Thermal energy storage, also known as heat storage, is a highly efficient and simple method of
Overview Membrane Technology for Food and Beverage Processing Market Size, Share …
Membranes are natural or manufactured substances used for separation. They commonly serve the purpose of filter pads. Membranes, which are semi-permeable in nature (allow only selective compounds/substances to flow pass them) are easy to manufacture. These are gaining popularity in the process industry where purity of products is highly desired. Membranes are available in every shape and size and are required in numerous devices right from the water filter at
Cooking Appliances Market is Predicted to Grow High CAGR from 2019 to 2026
The cooking appliance include products such as microwaves, ovens, cook tops, and range hoods. Modern cooking appliance are used to provide ease to chefs. Also, with rapid depletion of natural resources such as LPG, and other petroleum products, there is an urgent need to use efficient and eco-friendly cooking appliances in kitchen. Key players are developing advance cooking appliances in order to increase their market share, and on the same
More Releases for Smart
Heidelberg, May 28, 2019 – The dental group Young Innovations presents new products that increase efficiency and safety in the practice: The high-quality Galaxie Cassettes simplify the cleaning, sterilization and classification of hand instruments. A stable case made of electropolished stainless steel protects the equipment, the unique design reduces the contact points. A laser-cut pattern maximizes water through flow and increases efficiency in the RDG / thermal disinfector. Smooth rounded corners
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
A smart mirror is an ordinary mirror with additional features and functionalities, incorporating capabilities that are otherwise done manually or in some computing system other than the mirror. For instance, a mirror that can connect to a smartphone or the internet and offer some measure of user comfort. The computing features in smart mirrors enable them to connect to the Internet and smartphones, categorizing them as connected devices. Connected devices
Powered Smart Cards
In terms of consumption, the global powered smart card market stood at 2,049.1 Mn units in 2015 and is expected to register a volume CAGR of 59.2% to reach 5,640.6 Mn units by 2024 end. In a new report titled “Powered Smart Card Market: Global Industry Analysis & Forecast, 2016–2024”, Persistence Market Research studies the performance of the global powered smart card market over an eight-year forecast period (2016 –
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency