Smart Parking Systems Market to 2020 is poised to value over US$ 1,462.3 Million by 2025 with Leading Key Players: Cisco, Amano McGann, Smart Parking, Urbiotica

Worldwide Smart Parking Systems Industry report aims to provide a 360-degree view of the market in terms of cutting-edge technology, 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.

Parking has been a challenging issue, especially in the urban landscape, where 30% – 40% of all traffic congestion is mainly caused by drivers struggling to find a parking space. Increasing number of vehicles running on road, surging sizes of vehicles in the luxurious segment, and decrease in the available parking space are influencing the traffic congestion, making it an alarming issue globally.

Top Leading Companies Mentioned in Smart Parking Systems Market are – Cisco Systems, Inc., Amano McGann, Inc., Smart Parking Ltd., Urbiotica, Skidata AG, Swarco AG, Parkmobile, LLC, Nedap N.V, Kapsch, Xerox Corp., Parkmobile, LLC, and SWARCO AG.

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Parking in itself is a huge industry comprising revenues of more than $100 billion globally, and smart parking systems market is emerging as an attractive potential market for flourished as well as new parking players. Smart parking systems market currently is experiencing significantly high growth in several developed geographical regions, and is expected to foresee exponential growth in other areas globally in the coming years.

The report provides study at global and regional level to provide comprehensive value market analysis for the years. The Smart Parking Systems Market research report is a wide-ranging study of current trends, market growth drivers, and restraints. Each market segment is broadly analyzed at a powdered level by region (North America, Europe, Asia Pacific, Middle East & Africa, and South& Central America) to provide thorough information on the global and regional level.

The global Smart Parking Systems market is segmented on the basis of type of parking sites (on-street and off-street parking), components (hardware, software, and service), end-users (transport facilities, government and municipalities, commercial institutions, and corporate institutions), and regions (North America, Europe, Asia-Pacific, Middle East and Africa, and South America).

Scope of the Report
The research on the Smart Parking Systems market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Smart Parking Systems market on the basis of end user, product type, application, and demography for the forecast period 2017–2025. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The research provides answers to the following key questions:
1.What is the estimated growth rate of the market for the forecast period 2017–2025? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Smart Parking Systems market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Smart Parking Systems market?
4. What are the prominent market trends influencing the development of the Smart Parking Systems market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Smart Parking Systems market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

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