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Parking Guidance System Market 2018-2025 | Major Key Players: Parking Guidance Systems, LLC., Google Inc, Cass Parking, Omnitec Group, SWARCO AG, Xerox Corporation, Robert Bosch GmbH, Expert Parking System Pvt Ltd and More

01-07-2019 12:22 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Reports Monitor

/ PR Agency: Reports Monitor
Parking Guidance System Market

Parking Guidance System Market

Parking Guidance System Market

The primary objective of parking guidance system is to reduce search time, which, in addition, reduces congestion on roads for other traffic; hence, ultimately enhances the traffic management in urban areas. This guidance system combines traffic monitoring, processing, communication, and variable message sign technologies to offer the service. It led to significant decrease in vehicle emissions, eliminating the wandering effect of searching for a parking space. The parking guidance systems are proficient enough to handle the parking challenges to the best satisfaction level of the esteemed customers.

A sample of this report is available upon request @ https://www.reportsmonitor.com/request_sample/6281

Key Manufacturers of Global Parking Guidance System Market:
Parking Guidance Systems, LLC., Google Inc, Cass Parking, Omnitec Group, SWARCO AG, Xerox Corporation, Robert Bosch GmbH, Expert Parking System Pvt Ltd., Eito & Global Inc., Park Assist, LLC, Kapsch TrafficCom (Austria) and others.

The parking guidance system reduces waiting time at car parking entrance and guides the individual to the nearest available parking space, hence aids in time-saving. Moreover, it saves fuel, resources, manual labor, and reduces tire wear. It also leads to increase in the car parking capacity, owing to the reduction of circulation space. The rising traffic congestion in the emerged and developing nations and increasing urbanization are the major drivers towards the market growth.

Market Segmentation:
The parking guidance system market is bifurcated on the following bases:
Product Type:
• Services
• Softwares
• Sensors
• Others

Application:
• Passenger Vehicles
• Commercial Vehicles

Regions:
North America – US and Canada
Europe – UK, Germany, Italy, and France
APAC – China, Japan, and India
LAMEA – GCC Countries, Mexico, and Africa

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Furthermore, it is well secured with sophisticated security provisions and vehicle users or owners are assured on grounds of security. The system prohibits unapproved entry or exit and is appropriate for single and multiple entry points. With such a system, public places like shopping malls, hospitals, cinema halls, stadiums, airports, railway stations, markets, and hotels can manage the entire parking system. Apart from this the rising demand for these systems due to the affordable maintenance cost and efficient functioning of these systems have made them quite user-friendly and are likely to boost the market growth.

In Jan, 2018 Clarion Co., Ltd (Tokyo) have been collaborating with Hitachi Automotive Systems to develop an autonomous-parking technology that uses a smartphone. They announced the development of Park-by-Memory, which is an advanced autonomous parking technology system that remembers the local Environment and surroundings around the home parking spaces.

Parking Guidance System Market highlights the following key factors:
A comprehensive analysis of the Global Parking Guidance SystemMarket, which includes an evaluation of the said market.
Rising trends by segments, sub-segments, and regional markets.
Crucial changes in market dynamics and overview.
Market analysis up to the second or third level.
Market shares and approaches of the leading competitors in the Parking Guidance System
Present and future market size, in terms of both value and volume.
Reporting and projection of the latest industry developments.

Avail complete report of this research with TOC and List of Figures @ https://www.reportsmonitor.com/report/6281/Parking-Guidance-System-Market

Reasons for Buying this Report:
This research study provides a detailed analysis of the changing competitive dynamics.
It also provides a forward-looking view on the various components responsible for driving or constraining the growth of the market.
It provides a technological growth map over time, so as to comprehend the industry growth rate.
It likewise provides a five to seven-year forecast evaluated on the basis of how the industry is forecasted to grow.
It helps in comprehending the key product segments and their future growth prospects.

Available Customization With the given market data, Reports Monitor offers customizations according to the company’s specific needs. The following customization options are available for the report:
The Regional and country-level analysis of the Parking Guidance System Market, by end-use.
The Detailed analysis and profiles of additional market players.

About Us:
Reports Monitor is a market intelligence and consulting firm with extensive experience and knowledge of the Market Research industry.

Our aim is to change the dynamics of the Market Research industry by providing quality intelligence backed by data. Your requirement for market forecasting is fulfilled by our exclusive quantitative and analytics-driven intelligence. Decision makers can now rely on our distinct data gathering methods to get factual market forecasting and detailed analysis.

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