Press release
Smart Parking Market Analysis 2018-2025 by Key Companies – Amano McGann, Cisco, Smart Parking, Urbiotica, SKIDATA AG, Nedap NV, Kapsch, Xerox Corp, Parkmobile, SWARCO AG
Smart Parking 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 Market (2017 - 2025) - Global Analysis and Forecasts by Parking Sites (Off-Street and On-Street), Components, End-user Industries (Transport Facilities, Government & Municipalities, Commercial Institutions, and Corporate Institutions)
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Smart parking systems market address critical parking issues, by making it easier for drivers to park their vehicles without wasting time and fuel. These 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 smart parking systems market. 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.
Some of the key players of smart parking systems market include
SWARCO AG.
Parkmobile, LLC
Xerox Corp.
Kapsch
Nedap NV
SKIDATA AG.
Urbiotica
Smart Parking Ltd.
Cisco Systems Inc.
Amano Mcgann, Inc.
The smart parking systems market report focuses on an in-depth segmentation of this 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 objectives of this report are as follows:
- To provide overview of the global Smart Parking Market
- To analyze and forecast the global Smart Parking Market on the basis of type, deployment type and industry verticals.
- To provide market size and forecast till 2025 for overall Smart Parking Market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM), which are later sub-segmented across respective major countries
- To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend
- To provide exhaustive PEST analysis for all five regions
- To profiles key Smart Parking players influencing the market along with their SWOT analysis and market strategies
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 report also provide porter’s five forces analysis and SWOT analysis for all company profiled in the 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. The region is expected to lead the market with highest CAGR during the forecast period.
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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 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 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.
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