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
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.
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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.
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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 End-user Industry
• Transport Facilities
• Governments & Municipalities
• Commercial Institutions
• Corporate Institutions
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Company: The Insight Partners
Contact: Sameer Joshi
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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