Press release
Smart Parking Market, Future Scope, Demands and Projected Industry Growths to 2025 | Nedap AVI, Amco Corporation
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
The global smart parking market is segmented into component such as hardware and software. Among these segments, hardware smart parking segment is expected to grow at highest CAGR in overall smart parking market during the forecast period. Growing utilization of smart parking hardware in metro cities is driving the growth of the market. The market is witnessing the launch of new hardware smart parking components. Further, growing demand for advanced hardware such as enhanced sensors and cameras is believed to impetus the growth of the hardware smart parking components market.
Get Exclusive Sample Report Copy Of This Report @ https://www.researchnester.com/sample-request-592
Global smart parking market is expected to flourish at a significant CAGR of 17.8% during the forecast period. Increasing vehicle on the roads and rising adoption of advanced traffic management system by traffic authorities are some of the key factors driving the growth of the market of smart parking market. Moreover, the global smart parking market is expected to garner noteworthy revenue by the end of 2024.
North America dominated the overall smart parking market and is expected to continue its dominance over the forecast period. This can be attributed to spiked sale of vehicle in the region. Further, rising disposable income coupled with increasing living standard is expected to accelerate the growth of automotive market in the upcoming years which in turn is likely to propel the demand for smart parking system.
Asia Pacific smart parking market is anticipated to witness robust growth during the forecast period. Growing investment in smart cities is anticipated to result in substantial demand for smart parking solutions. Further, growing automotive industry in the region is anticipated to positively impact the growth of the smart parking in Asia Pacific.
Robust Growth of Automotive Industry
Increasing global population coupled with rising per capita income is expected to provide robust growth to the automotive industry in the upcoming years. Consequently, the demand for advanced intelligent transportation system is anticipated to witness significant growth in the upcoming years. These factors are believed to bolster the growth of the smart parking market.
Favorable Initiatives
Initiatives by government authorities to reduce the traffic congestion are anticipated to drive the growth of the smart parking market. Furthermore, government of various nations are setting up and increasing their spending on smart cities. For instance, in 2015, Indian �??Ministry of Urban Development launched smart cities program.
However, high cost of implementation is likely to dampen the growth of smart parking market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global smart parking market which includes company profiling of Altiux Innovations, Nedap AVI, Amco Corporation, Smart Parking Ltd., Robert Bosch GmbH, Cubic Corporation, Cisco Systems, Inc., CivicSmart, Inc., ParkHelp and Passport Parking, LLC.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart parking market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Contact for more Info:
AJ Daniel
Email: sales@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
About Research Nester:
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
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 Market, Future Scope, Demands and Projected Industry Growths to 2025 | Nedap AVI, Amco Corporation here
News-ID: 1862304 • Views: …
More Releases from Research Nester Pvt Ltd
Vegan Food Market: Size is Expected to Surpass USD 91.83 billion by 2035
Research Nester, the global vegan food market size is predicted to expand at a CAGR of 11.8% between 2026 and 2035, on account of the rising awareness of people about fitness globally.
Request Free Sample Report @ https://www.researchnester.com/sample-request-6172
The Increasing Demand for Vegan Food Globally Will Increase the Global Market Share of Vegan Food Market
By the end of 2035, the vegan food sector will have grown significantly and appear extremely promising. Several…
U.S. Cogeneration Equipment Market Forecast to Exhibit Robust Growth During 2026 …
The U.S. cogeneration equipment market is poised for robust advancement throughout the forecast period from 2026 to 2035, driven primarily by the nation's growing focus on energy efficiency and decarbonization. Increasing regulatory emphasis on sustainable energy use, coupled with corporate commitments to reduce carbon footprints, is stimulating widespread adoption of combined heat and power (CHP) systems across industrial, commercial, and institutional sectors. The integration of cogeneration technologies aligns with the…
U.S. Coal Gasification Market Size is Expected to Witness Accelerated Expansion …
The U.S. coal gasification market is expected to witness robust expansion during the forecast period from 2026 to 2035, driven primarily by the nation's push toward cleaner energy conversion technologies and carbon utilization strategies. The growing emphasis on decarbonizing heavy industries and enhancing domestic energy security has positioned coal gasification as a pivotal pathway for transforming coal into cleaner synthesis gas, hydrogen, and chemical feedstocks. Advancements in carbon capture and…
U.S. Nuclear Fusion Market Size is Projected to Record Sustained Growth Through …
The U.S. nuclear fusion market is expected to experience strong growth throughout the forecast period from 2026 to 2035, driven primarily by technological breakthroughs in plasma confinement and increasing public-private investment in next-generation energy systems. As the country accelerates its transition toward low-carbon and sustainable power solutions, fusion energy has emerged as a promising alternative to traditional nuclear fission. Innovations in superconducting magnets, laser systems, and artificial intelligence-driven plasma control…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
