openPR Logo
Press release

Smart Parking Systems Market is to Rise at an Impressive Growth Rate of 20.2% CAGR

11-25-2019 02:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Smart Parking Systems Market is to Rise at an Impressive Growth

The staggering amount of vehicles that are coming on to roads around the world calls for better and advanced methods for parking. There has been a rise in the traffic and parking problems and people are finding lesser space for either of them. This is creating high levels of emissions, fuel wastage, and high level of discomfort. Urban and city parking has therefore become a major issue for both emerging and developed nations, thereby forming the primary driver that has been leading most entities towards seeking a better and smarter parking system solutions.

Eminent market players in the world smart parking systems market are Streetline, Inc., Nedap, N.V., Amano McGann, and Smart Parking Ltd., in accordance with a new publication by Transparency Market Research. These market players presently account for the most coverage and service and distribution strength across the globe, and it is complemented by a diverse portfolio of services, products, and marketing strategies.

Browse Report Details: https://www.transparencymarketresearch.com/smart-parking-systems-market.html

In accordance with a recent market research report that has been published by Transparency Market Research, the world market for Smart Parking Systems is forecasted to rise at a exceptional CAGR of 20.2% over the period between 2015 and 2022. The report also projects the international market for smart parking systems to reach a market valuation of around US$ 177.1 mn by the year 2022. The overall market was worth around US$ 59.7 mn in the year 2016.

Planning To Lay Down Future Strategy? Perfect Your Plan With Us https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5966

North America to Continue with its Regional Supremacy over the Period of Forecast

The world market for smart parking systems has been regionally segmented into the geographies of Latin America, North America, Asia Pacific, Middle East and Africa, and Europe. So far as geography is concerned, North America is expected to generate a revenue of around US$34.6 mn for the world market for smart parking systems by the year 2022, owing to the presence of dense traffic in various cities such as Los Angeles, New York, and many others. These cities are also exhibiting a higher level of awareness towards modern solutions for parking and traffic control, thereby fast becoming an optimized region for the large-scale adoption of smart parking systems.

Need to Better Public Welfare to Fuel Market Growth

As observed by the TMR analyst, there is a need for a sustainable transportation policy is extremely high in today’s world. The main goal for most governments today is to make an improvement of the welfare of the people in the present while at the same time ensuring a better future for the generations to come. High traffic levels are one of the core issues that need to be paid attention to and resolved with priority in a bid to achieve this, and citizens of all countries are demanding for the same.

To Obtain All-Inclusive Information On Forecast Analysis Of Market, Request A Custom Report https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=5966

The key reason for high levels of traffic congestion across the globe is the absence of city planning in terms of road transport levels. As such, with the increase in the number of vehicles that has been entering the system, the level of congestion increases even further. Smart parking systems make an employment of a solution that is not only flexible when it comes to fitting in to different types of infrastructure, but it also scales accordingly. This enables all the economies to make the most of smart parking systems in a bid to lessen traffic congestion levels.

Contact:
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada

About Us:
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports thrive to provide clients to serve their overall research requirement.

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 is to Rise at an Impressive Growth Rate of 20.2% CAGR here

News-ID: 1871943 • Views: 123

More Releases from Transparency Market Research

Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the

All 5 Releases


More Releases for Smart

Smart Solutions
Heidelberg, May 28, 2019 – The dental group Young Innovations presents new products that increase efficiency and safety in the practice: The high-quality Galaxie Cassettes simplify the cleaning, sterilization and classification of hand instruments. A stable case made of electropolished stainless steel protects the equipment, the unique design reduces the contact points. A laser-cut pattern maximizes water through flow and increases efficiency in the RDG / thermal disinfector. Smooth rounded corners
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
Smart Mirrors
A smart mirror is an ordinary mirror with additional features and functionalities, incorporating capabilities that are otherwise done manually or in some computing system other than the mirror. For instance, a mirror that can connect to a smartphone or the internet and offer some measure of user comfort. The computing features in smart mirrors enable them to connect to the Internet and smartphones, categorizing them as connected devices. Connected devices
Powered Smart Cards
In terms of consumption, the global powered smart card market stood at 2,049.1 Mn units in 2015 and is expected to register a volume CAGR of 59.2% to reach 5,640.6 Mn units by 2024 end. In a new report titled “Powered Smart Card Market: Global Industry Analysis & Forecast, 2016–2024”, Persistence Market Research studies the performance of the global powered smart card market over an eight-year forecast period (2016 –
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
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