Smart Parking Systems Market Global Trends, Growth Factors, Advance Technology, Scope, Opportunity, Industry Share, Size and Demand Forecast to 2025

Smart Parking Systems Market Overview:

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.

Get Sample Page @ https://www.theinsightpartners.com/sample/TIPTE100000102/?utm_source=OpenPR&utm_medium=10266

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.

The Smart Parking Systems Market report give a 360-degree holistic view of the market and highlights the key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. In addition, the report also provides profiles of major companies along with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

Market Key Players:

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

Strategic Insights:

Market initiative was observed as the most adopted strategy in global smart parking systems market. Few of the recent strategies by some of the players in smart parking systems market landscape are listed below-

2017: Amano Mcgann extended its partnership with one of its oldest dealers PSX to Colorado.

2017: Valeo and Cisco announced a cooperation agreement to develop strategic innovations in smart mobility services.

2017: Smart Parking announced that it won a new contract in New Zealand, chosen by Wilson Parking New Zealand as the preferred supplier of sensor and bay-finding technology at nine new sites.

2017: Smart Parking launched its newly designed SmartSpot IoT Gateway, with new and improved features adapted to meet the needs of smart city.

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. Although, North America and Europe dominate the global smart parking systems market, they are anticipated to lose their revenue share to Asia Pacific during the forecast period. Whereas, APAC is expected to register a growth rate of 18.9% during 2016 to 2025 in the global smart parking systems market.

Market Table Of Content to be Continue....,

Buy now @ https://www.theinsightpartners.com/buy/TIPTE100000102/?utm_source=OpenPR&utm_medium=10266

THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE

- The report provides qualitative and quantitative trends of global Smart Parking Systems Market across offerings, deployment type, industry vertical, and geography.

- The report starts with the key takeaways (chapter two), highlighting the key trends and outlook of the global Smart Parking Systems Market.

- Chapter five discusses the global Smart Parking Systems Market scenario, in terms of historical market revenues, and forecast till the year 2027.

- Chapter six to nine discuss Smart Parking Systems Market segments by offerings, deployment Type, and industry vertical across North America, Europe, Asia-Pacific, Middle East & Africa and South America. They cover market revenue forecast, and factors driving and governing growth.

- Chapter twelve provides the detailed profiles of the key companies operating in the global Smart Parking Systems Market. The companies have been profiled on the basis of their key facts, business description, financial overview, SWOT analysis, and key developments.

- Chapter thirteen, i.e. the appendix is inclusive of a brief overview of the company, glossary of terms, research methodology, contact information, and the disclaimer section.

Contact Us:
Call: +1-646-491-9876
Email: sales@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.