Worldwide Smart Parking Market Growth | Rising Investments in Autonomous Vehicle Technology, Top Growth Key Drivers, Market Growth Strategy By 2026 | StraitsResearch

Global Smart Parking Market Size, Status and Forecast 2021

Major cities in the world such as New York, San Francisco, Berlin, and London have commenced deployment of smart parking technology solutions since the last 5 years. While the penetration of this technology is quite low, it has been gaining prominence in major cities.

As per the latest research report published by StraitsResearch, the global Smart Parking Market Sales is on course to accomplish a highly eye-catching growth during the estimated period 2017 to 2029.

The global smart parking market accounted for over USD 2.8 billion in 2017 and is expected to grow at a CAGR of 10.1% during the forecast period, 2019–2026.

The Global Smart Parking market research Report 2021-2029 may be a valuable source of insightful data for business strategists. It offered the industry overview with growth study and historical & innovative cost, revenue, demand, and supply data.

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The research analysts offered an elaborate summary of the value chain and its distributor study. This market study provides complete data that improves the understanding, scope, and application of this research report.

On the basis of technology, the market has been segmented into IoT, Ultrasonic and RFID wherein the IoT segment account for the largest market share. 

COVID-19 Scenario-
• The work-from-home trend has led to a massive amount of opportunities for data analytics, thereby impacting the global Smart Parking market positively in the future also.
• This trend is prospective to continue post-pandemic as well since various firms have started incorporating business analytics solutions to expand data security and streamline business productivity altogether.

Growing demand for Internet of Things (IoT)-based technology and the high adoption rate in vehicles have collectively been driving the growth of the segment.

Smart Parking Market Competition by Top Manufacturers as Follow:

Act-On Software Inc. (U.S.), Adobe Systems Inc. (U.S.), Cognizant (U.S.), Hubspot, Inc. (U.S.), IBM Corporation (U.S.), Marketo, Inc. (U.S.), Oracle Corporation (U.S.), Salesforce.com, Inc. (U.S.), Teradata Corporation (U.S.), Infusion Software Inc. (U.S.) and SAS (U.S.), among others.

Scope of the Smart Parking Report:

This research estimates micro-markets and takes a similar look at the various growth trends, future prospects, and regulations that will regulate the industry in the upcoming years. Researchers have also added a few top performers in the sector to calculate their industry shares and core firms. The research describes technological developments in the sector along with upcoming areas of the industry that might hypothetically attract massive investments.

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Detailed Segmentation:

By Parking Site, On-street, Off-street
By Application, Government, Commercial
By Technology, IoT, Ultrasonic, RFID
By Solution, Security & Surveillance, Smart Payment System, E-parking, License Plate Recognition

A detailed evaluation of the highest industry key restrains added within the Smart Parking market report describes the contrast to key drivers and provides room for strategic planning. Key factors that dominate the market growth are crucial, as they can be understood to devise various bends for getting hold of the rewarding opportunities that are present in the ever-growing Smart Parking market. Additionally, insights into market specialist’s opinions have been taken to appreciate the market better.

Regions Are Covered By Smart Parking Market Report 2021 To 2029

For a comprehensive understanding of market dynamics, the global Smart Parking market is analyzed across key geographies namely: North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). Each of those regions is analyzed on the idea of market findings across main countries in these regions for a macro-level thoughtful of the market.

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Key Offerings:
• Market Size & Forecast by Revenue | 2021−2029
• Market Dynamics – Leading key trends, industry growth drivers, key restraints, and investment opportunities in the future.
• Market Segmentation Overview – A complete analysis by segmentation and geography
• Competitive Landscape

Strategic Facts Covered in Table of Content of Smart Parking Market:

Chapter 1: Market Introduction, market key driving force product Objective of Study and Research Scope the Smart Parking market
Chapter 2: Exclusive Overview– the basic information of the industry.
Chapter 3: Showing the Market Dynamics- Key Drivers, Industry Trends and Challenges of the Industry
Chapter 4: Presenting the Smart Parking Market Factor Outlook Porters Five Forces, Supply/Value Chain, PESTEL analysis, etc.
Chapter 5: Displaying the by Segments and Region
Chapter 6: Evaluating the Top vendors of the Smart Parking market which involves its Competitive Landscape, Peer Group Analysis & Company Profile
Chapter 7: To appraise the market by segments, by countries, and by key players with revenue share and sales by key countries in these numerous regions.
Chapter 8 & 9: Displaying the Appendix, Methodology, and Data Source

Browse Complete Table of Contents @ https://straitsresearch.com/report/smart-parking-market/toc

Note: If you have any special requirements, please let us know and we will provide you the report as you want.

Our research analysts will benefit you to get customized facts for your report, which can be adapted in terms of an explicit region, application, or any statistical details. In addition, we are always willing to comply with the study, which is triangulated with your own data to make the market research more inclusive in your viewpoint.

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