openPR Logo
Press release

Smart Parking Systems Market 2019-2025 Segmentation, Growth Overview, Regional Outlook & Forecast, top key players – Cisco Systems, Amano McGann, Smart Parking, Urbiotica, Skidata AG, Swarco AG, Parkmobile, Nedap

06-26-2019 10:38 PM CET | Logistics & Transport

Press release from: The Insight Partners

Smart Parking Systems Market 2019-2025 Segmentation, Growth

Global smart parking systems market is expected to grow from US$ 398.6 million in 2016 to US$ 1,462.3 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.

The Smart Parking Systems Market report is a complete overview of the market, covering various aspects product definition, segmentation based on various parameters, and the prevailing vendor landscape. The statistics are represented in graphical format for a clear understanding on facts and figures. The readers will find this report very helpful in understanding the Smart Parking Systems market in depth.

Get Sample Copy of this Report @ http://bit.ly/2X7403c

Top Key Players profiles in this report includes, 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 in the smart parking systems market.

Smart Parking Systems Market Boosted Owing to Continued Demand Growth in Asia Pacific:
Currently, smart parking systems have seen a significant adoption in the North American and European countries. Furthermore, with advancements in technology and infrastructure, in various developing economies of APAC and MEA that include the grand project in city of Wellington, pilot projects in Canberra, Singapore, Thailand, Dubai and Saudi Arabia are expected to witness significant adoption of smart parking solutions.

Technological advancements such as use of mobile applications for parking guidance systems, enhanced ticketing and payment solutions and significant growth in adoption of smart parking systems by commercial and corporate institutions are the factors expected to boost the demand for off-street parking management system market. This type of parking is beneficial to both short as well as long term parking users. However, high initial deployment cost of off-street parking systems is expected to restrict the growth of the market. The off-street parking segment leads the global smart parking systems market currently and is expected to continue its dominance during the forecast period.

Get Reasonable Discount on this Report @ http://bit.ly/2X2EU5t

Operational and functional aspects of the global Smart Parking Systems market are provided in the report, which is responsible for driving the market. The increasing popularity and rising requirements of the market sector are and will drive market growth. The global market has been elaborated by considering the impact of SWOT and Porter’s five analysis. This insightful research study serves as the best guide to various investors, business owners, decision makers, and policymakers.

Global Smart Parking Systems - Market Segmentation
By Parking Site

• Off-Street Parking
• On-Street Parking

By Components

• Hardware
• Software
• Service

By End-user Industry

• Transport Facilities
• Governments & Municipalities
• Commercial Institutions
• Corporate Institutions

Buy This Complete Report @ http://bit.ly/2X1nxCl

Contact Us:
Company: The Insight Partners
Contact: Sameer Joshi
Phone: +1-646-491-9876
Email: sam@theinsightpartners.com

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.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Systems Market 2019-2025 Segmentation, Growth Overview, Regional Outlook & Forecast, top key players – Cisco Systems, Amano McGann, Smart Parking, Urbiotica, Skidata AG, Swarco AG, Parkmobile, Nedap here

News-ID: 1789310 • Views: 457

More Releases from The Insight Partners

Industrial Fabrics Market Expected to Deliver Dynamic Progression until 2029 Wit …
The Industrial Fabrics market is an assessment of competitive landscape and current and future market trends concerning the Industrial Fabrics industry across the globe. The report evaluates market size and identifies new opportunities during the forecast period. The Industrial Fabrics market is anticipated to witness decent growth in the coming years. Fabric or textile is the product that is made after processing of threads or yarn. Since a long time it
Dairy Protein Market Explored In the Latest Research by Key Player AMCO Proteins …
The Dairy Protein Market to 2027 sheds light on the existing industry landscape and puts forward crucial market drivers and opportunities in the coming years. The Dairy Protein market is anticipated to witness decent growth in the coming years. The report offers an extensive pool of market data covering market sizes, revenue forecasts, value chain, product trends, and price trends that serve as a blueprint for businesses. Request a sample copy
Automotive Compact Camera Module Market to 2027 - Ability opto-Electronics, Amba …
MARKET INTRODUCTION The compact camera modules are being increasingly used in numerous vehicles for a range of applications, especially in passenger cars. The compact camera modules that are installed in front, rear, and inside the vehicle, provide safety to passengers and convey enhanced driving experience by the improved rear and front view of the driver. Automotive systems on the basis of compact camera module technology have undergone vast developments, and have
AI in Auto Insurance Market Outlook to 2027 - Ant Financial Services, Ccc Inform …
MARKET INTRODUCTION With the increasing adoption of AI in most of the industries, AI has significantly found its way in the automotive sector. AI enables car insurance companies to efficiently offer services to its customers that are looking for faster payouts, faster services, and customized policy prices. The AI in auto insurance market enables the insurance companies to reach out to its customers at the right time, offers the right set

All 5 Releases


More Releases for Parking

Global Smart Parking Market
Global Smart Parking Market size will grow from USD 2.71 Billion in 2017 to USD 7.32 Billion by 2023, at an estimated CAGR of 18%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023. The market is driven by factors such as limited parking space availability, a growing number of accidents caused by vehicles reversing out of parking spaces and growing
Car parking system Market May Witness Astonishing Growth | Skyline Parking, Mult …
United States Car parking system Market Report 2018 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing capital structure of the United States Car parking system Market. Car parking system Market Overview: If you are involved in the Car
SimplyGuest launched Parking Marketplace to solve Parking Woes of Bangaloreans
Need a safe place for your four-wheeled buddy? Find long-term parking in convenient locations here! Ten Second Takeaway If you don’t have a safe, covered parking space for your car at home, SimplyGuest is a platform through which you can find owners willing to rent out such spaces in several major locations. A Safe Place With the monsoon all set to roll into the city soon, you might be worried about not having a safe
Market Size : Automated Parking Management System Market in Global Industry | Sk …
Albany, NY, 6th June : Recent research and the current scenario as well as future market potential of "Automated Parking Management System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" globally. The automated parking management system is a method of automatically parking and retrieving cars or vehicles in order to cater to the increasing demand for safe and convenient parking, as the number of vehicles
Smart Parking Systems Market: Off-street Parking Demand Soars
The staggering amount of vehicles coming on to roads around the world calls for advanced methods for parking. Traffic and parking problems are on the rise and people are finding lesser space for either. This is creating a high level of discomfort, fuel wastage, and high levels of emissions. Urban and city parking has therefore become a major concern for both developed and emerging nations, forming the primary driver leading
Why Choose Sydney Airport Parking Instead Of Traditional Airport Parking
Nowadays, people are becoming increasingly involved in air travel. No matter if you're considering a family holiday or a business trip, Sydney airport parking affords way better options than traditional airport parking. Air travel is more popular than ever as more and more people are using airports to move from one place to another. Airports are busy places and they need to make some improvements. Due to the increased number of