Press release
Smart Parking Market To Witness Massive Growth | Competitive Outlook By Amano McGann, Inc., Cisco, URBIOTICA, SKIDATA AG, Nedap France, Kapsch Group, Xerox , Parkmobile, LLC, Swarco Traffic Holding AG
Smart Parking Market To Witness Massive Growth
Amano McGann, Inc., Cisco, URBIOTICA, SKIDATA AG, Nedap France, Kapsch Group, Xerox are turning heads in the Smart Parking market because of their product launches, their researches, joint ventures, merges, and accusations. This report brings to you all the companies profiles needed to be in the competition for the Smart Parking market With the help of SWOT analysis the report tell you about all the market restrain and drivers to be followed in the forecast years 2020-2027 While also explaining what the Smart Parking market's definition, classifications, applications, and engagements are.
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Smart parking systems are gaining focus in terms of investments, adoption, and implementation across the globe. Major developments are seen in developed countries, but even developing countries have started implementing or are planning to implement smart technologies in their traditional parking systems. Germany, U.K., France, U.S., and Japan are few of the major countries which have successfully deployed smart parking systems and are relishing the benefits of easier and efficient parking systems.
Off-street parking site is a parking facility which does not interact with the traffic flow on the road. Off-street smart parking solutions are majorly utilized by governments and municipalities, corporate institutions, commercial institutions and transport facilities. Globally off-street parking is considered as a cost-effective and convenient parking solution. Off-street parking accounts for higher demand for smart parking systems due to rising concerns for secure and open walking space for pedestrians leading to increase in construction of parking lots and garages. The off-street segment for parking site segment for smart parking systems is expected to witness a lucrative CAGR growth of 16.3% in the forecast period.
Competitive Landscape: Smart Parking Market
•Amano McGann, Inc.
•Cisco
•URBIOTICA
•SKIDATA AG
•Nedap France
•Kapsch Group
•Xerox
•Parkmobile, LLC
•Swarco Traffic Holding AG
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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.
Chapter Details of Smart Parking Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Smart Parking Market Landscape
Part 04: Smart Parking Market Sizing
Part 05: Smart Parking Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Smart Parking Market
• Key market trends cracking up the growth of the Smart Parking Market
• Challenges to market growth.
• Key vendors of Smart Parking Market
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Smart Parking Market
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major region
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