Smart Parking Systems Market - Size Predicted to Create Revenue of USD 17.2 billion by 2027: Facts & Factors To Show Strong Growth & Trade | Alpek S.A.B. de C.V., Bombay Dyeing, Diyou Fibre (M) Sdn Bhd

Smart Parking Systems Market to reach USD 17.2 billion by 2027. Global Smart Parking Systems Market is valued approximately at USD 4.4 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 21.5% over the forecast period 2021-2027.

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The global Smart Parking Systems Market report is one of the most helpful resources for business leaders seeking guidance on transforming their companies. This transformation depends on these opportunities to gain insights. This report also provides an estimate of market size and revenue forecast in US dollars. Research into Smart Parking Systems Market trends is also beneficial to understanding future trends. Furthermore, the study will help companies considering entering the global Smart Parking Systems Market to make efficient business decisions, which will provide momentum for their companies and businesses as a whole.

There is a comprehensive analysis of the factors affecting the Smart Parking Systems Market in this report. In essence, they determine the direction of the market by identifying trends, restraints, and drivers. The report also examines restraints in detail, contrasting them with drivers and highlighting their potential in strategic planning. The expanding market offers numerous opportunities for deriving lucrative business opportunities despite its rapid growth. Taking these factors into account is essential in different strategies for capturing lucrative opportunities. The study also included an expert's opinion to provide a deeper understanding.

Covid-19 Impact on the Global Smart Parking Systems Market

• Coronavirus (Covid-19) and its impact on Smart Parking Systems Market appear in market reports.

• In response to the Covid-19 outbreak in December 2019, the virus has spread in a number of countries around the world, which has prompted the WHO to declare a public health emergency. Coronavirus has already begun to wreak havoc on the global market and the industry will be severely affected.

• The effects of this crisis have been many, including travel bans and quarantines, flight cancellations, indoor event restrictions, restaurant, and business closures, emergency declarations in many countries, falling business confidence, stock market volatility, escalating panic among residents, and an uncertain future.

Regional Analysis of the Smart Parking Systems Market

The report covers the following regions: North America, Asia Pacific, Europe, Middle East, and Africa, and South America. Additionally, the study includes country-specific analyses of 25+ leading countries, such as the US, Germany, UK, Japan, China, India, UAE, South Korea, South Africa, and Brazil. This segmentation provides regional and country-level information about the market, highlighting the market dynamics by various segments described in the report.

Key Players in the Smart Parking Systems Market

This study analyzes several prominent competitors in the Smart Parking Systems Market are:

Alpek S.A.B. de C.V.
Bombay Dyeing
Diyou Fibre (M) Sdn Bhd
Far Eastern Group
Indorama Ventures Public Company Limited
Nirmal Fibres (P) Ltd.
Reliance Industries Limited
Shubhalakshmi Polyesters Ltd
Tongkun Group Co., Ltd.
W. Barnet GmbH & Co. KG

Market Segment Analysis of the Smart Parking Systems Market

The global Smart Parking Systems Market segmentation focuses on:

By Hardware:
Pucks (Wireless Sensors)
Cameras & LPRs
Smart Meters
Signage
Parking Gates

By Software:
Parking Guidance System
Analytics Solutions

By Service:
Consulting Service
Engineering Service
Mobile App Parking Service

By Type:
On-street
Off-street

By Application:
Commercial
Government
Transport Transit

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