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Smart Parking Systems Market Research Report 2018-2025 | Top Key Players – SWARCO AG., Parkmobile, LLC, Xerox Corp., Kapsch, Nedap NV, SKIDATA AG., Urbiotica, Smart Parking, Cisco Systems, and Amano Mcgann

12-18-2018 03:59 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Smart Parking Systems Market

Smart Parking Systems Market

Global Smart Parking Systems Market is expected to grow from US$ 398.6 million in 2016 to US$ 1462.3 million by 2025 at a CAGR of 15.7% between 2017 and 2025.

Smart parking systems address critical parking issues, by making it easier for drivers to park their vehicles without wasting time and fuel. Smart parking systems avail their users with real-time information regarding available parking spaces across the city, thereby reducing the traffic congestion caused due to mismanaged parking spaces. Amano Mcgann, Smart Parking Ltd., Xerox, Cisco and Urbiotica are among the major players operating in this market.

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Worldwide Smart Parking Systems Market Analysis to 2025 is a specialized and in-depth study of the Smart Parking Systems Market with a focus on the global market trend. The report aims to provide an overview of global Smart Parking Systems Market with detailed market segmentation by product/application and geography. The global Smart Parking Systems Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the Smart Parking Systems players and offers key trends and opportunities in the market.

Smart Parking Systems Market Report provides an overview of latest technologies and in-depth analysis that reflect top vendor’s portfolios and technology; examines the strategic planning, challenges of leading brands and market opportunities for newcomers.

The Major Key Market Players:

- Cisco Systems, Inc.
- Amano McGann, Inc.
- Smart Parking Ltd.
- Urbiotica
- Skidata AG
- Swarco AG
- Parkmobile, LLC
- Nedap N.V
- Kapsch
- Xerox Corp.
- Parkmobile, LLC
- SWARCO AG

North America, being a technologically advanced region along with high number vehicle population and congestion in cities, has witnessed highest adoptions of smart parking systems by government & municipalities of various cities. Europe is the second largest adopter of smart parking systems, while APAC region with growing urbanization and increasing technological trends is anticipated to be the fastest growing region globally.

The smart parking systems market report focuses on an in-depth segmentation of Smart parking market based by parking site, components and end-user industry. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By end-user vertical transport facilities sector accounted for the largest share of the smart parking systems market in 2016; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.

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The report aims to provide an overview of global smart parking systems market with detailed market segmentation. Also, it analyzes the current smart parking systems market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The smart parking systems market report also provide porter’s five forces analysis and SWOT analysis for all company profiled in the smart parking systems market report.

North America is one of the prominent regions in smart parking systems market which will contribute highest revenue globally due to technological developments and considerable implementation of smart parking technology in different end - users segment. Rapidly growing economies in Asia-Pacific (APAC) with significant growth in IT sector will pave the path for increasing adoption and propel the market for smart parking systems.

Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Smart Parking Systems Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Smart Parking Systems Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

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