Worldwide Smart Parking Market Analysis Report 2021; Healthy 10.1% CAGR Rate, Rising Investments in Autonomous Vehicle Technology Are Anticipated to Bolster Market Growth Says StraitsResearch

Smart Parking Market Outlook 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.

Smart Parking market research report has been prepared with most up-to-date insight and analysis to give maximum key benefits to the Smart Parking industry. Besides, this professional report also contains historic data, present and future market key trends, environment, global technological innovation, upcoming trends and technologies and the technical progress in the associated industry.

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.

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The scope of Smart Parking market analysis report contains industry research, customer insights, industry sizing and forecast, competitive landscape, market entry strategy, sales and pricing trends, sustainability trends, innovation trends, technology evolution, and distribution channel valuation.

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. 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.

A report was released freshly that sheds lots of light on the Smart Parking Industry. The report covers an summary of the industry along with a exhaustive description that offers a lot of insight. The report also studies the production as well as management technology in numerous end-user industries. An in-depth study in some new and noticeable industry key trends, analysis of the rivalry and regional analysis that is very detailed have been encompassed in the report of the Smart Parking market for the assessment period of 2021 – 2029.

The Top Companies in this Report Include Act-On Software Inc. (U.S.), Adobe Systems Inc. (U.S.), Cognizant (U.S.), Hubspot, Inc. (U.S.), IBM Corporation (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.

Covid-19 Pandemic Impact on the Market:

1. The Covid-19 outbreak negatively affected the market. The strict guidelines of lockdown compulsory by numerous governments and ban on state and international travel to curb the spread of the virus occasioned in a sudden collapse in demand for Smart Parking market in 2020.
2. Moreover, the demand for business analytics is projected to upsurge post-pandemic.

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

Finally, researchers throw light on the identify analysis of Global Smart Parking Market dynamics. It also measures the maintainable key trends and industry platforms which are the basic origins behind the industry growth. The degree of rivalry is also measured in the updated research report. With the benefit of SWOT and Porter’s five analysis, the market has been tremendously analysed. It also helps to address the risk and challenges in front of the industries. Furthermore, it provides widespread research on sales approaches.

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Smart Parking Market 2021-2029: Key Highlights

CAGR of the market during the estimate period 2021-2029
Detailed information on key factors that will assist Smart Parking market development during the next five years
Estimation of the Smart Parking market size, share and its influence to the parent market
Calculations on upcoming industry trends and changes in consumer behaviour
The evolution of the Smart Parking market
Analysis of the market's reasonable landscape and detailed information on key vendors
Comprehensive details of key factors that will challenge the growth of Smart Parking market key players

StraitsResearch offers in-depth insights into the market. It presents
the study in a comprehensible chapter-wise format, interspersed with data and
applicable infographics. The report accepts an analytical approach to help our
clients get better considerate about the market. Our expert market research
analysts in the various industry domain carries out an widespread
primary and secondary research with the benefit of digital intelligence for
enhanced decision making.

Reasons for Buying this Smart Parking Market Report

* The analysis of market trends provides a forward-looking viewpoint on the numerous factors that are driving or hindering market growth.

* The market report contains a five-year outlook based on how the market is predictable to grow.

* It gives you a razor-sharp view of shifting modest dynamics and keeps you one step ahead of the rivalry.

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Geographic Analysis:

The global Smart Parking market has been spread across North America, Europe, Asia-Pacific, the Middle East and Africa, and the Rest of the World.

Note: All the reports that we list have been tracing the impact of COVID-19. Mutually upstream and downstream of the whole supply chain has been accounted for while doing this. Also, where likely, we will offer an additional COVID-19 update report to the report in Q3, please check for with the sales team.

What Does the Smart Parking Market Report Provides?

The report for Smart Parking market qualifies an communicative and proficient glance into this market. It examines the market’s present environment in order to have a full grasp of the market’s future ambitions. It gives a inclusive assessment of the universal market sector by leading an in-depth analysis of diverse elements of the industry, including recent industry trends, current conditions, and future prospects.

Click Here to Access the Toc of Smart Parking Market Report @ https://straitsresearch.com/report/smart-parking-market/toc

Browse More Updated Relevant Reports at:

Parking Management Market Research Report- Global Forecast to 2026
https://straitsresearch.com/report/parking-management-market/

Vehicle Camera Market Research Report- Global Forecast to 2029
https://straitsresearch.com/report/vehicle-camera-market/

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

https://www.openpr.com/news/2421330/worldwide-smart-parking-market-growth-rising-investments

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