Press release
Global Smart Parking Solutions Market Size And Revenue Are Expected To Increase US$ 30.84 Billion By 2032
Global Smart Parking Solutions market study sheds light on the important growth dynamics expected to prevail across the assessment period. (Insert forecast period). The study offers statistics of key segments across prominent geographies, along with a detailed mapping of the global competitive landscape.
The market report tracks the global sales of Smart Parking Solutions in 20+ high growth markets, along with analysing the impact of COVID-19 has had on information & communication technology (ICT) industry and Smart Parking Solutions sector in particular.
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How will Sales of Smart Parking Solutions will foster in 2021 and beyond?
In its latest report, Fact.MR offers an exhaustive overview of the global Smart Parking Solutions market with focus on key dynamics, including drivers, restraints, opportunities, trends and detailed information about the global Smart Parking Solutions market structure.
Smart Parking Solutions market sales across the world will rise with the increasing adoption of wireless technology and penetration of digital media. With the outbreak of COVID-19, companies have become heavily reliant on digital platforms for the survival.
In the post-digital world, digital realities and advanced technologies such as artificial intelligence and internet of thinking & related products/services will be in trend. Technological adoption rate is increasing exponentially, which will bolster the industry growth.
ICT companies. are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.
China's ICT industry will register high growth opportunities, especially as tech companies focus on digital transformation in the field of robotic process automation, data theft security, cloud & edge computing and cybersecurity.
Market players across China are shifting their focus on customer needs by taking a more nuanced approach through new service offering and by adopting various strategies such as product development and innovation.
The ICT sector across the U.K., France, and Germany will register robust growth during the forecast period owing to the increasing research & development activities for the development of novel technologies. Rising adoption of artificial intelligence and big data science among the ICT service providers will boost the growth.
Advent of 5G wireless technology across India will aid the growth of ICT sector combined with the adoption of edge computing within various end-use sectors such as healthcare, automotive and food & beverage industry. Emergence of e-commerce platforms within the manufacturing companies of diverse end-use sectors will improve the demand over the coming years.
Rise in adoption of autonomous vehicles across South Korea and Japan is improving the adoption of computing technologies for higher connectivity in the automobiles. This trend will strengthen the growth of ICT industry.
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Key Segments Covered in the Smart Parking Solutions Report
By System Components & Services
Smart Parking Software
On-Premise
Cloud Based
Smart Parking System Devices
Entry/Exit Terminals
Card Readers
Validation Solution
Pay-on-Foot Solution
LPR System
Others
Smart Parking Professional Services
Consulting
Deployment and Customization
Maintenance and Support
By Solutions
Smart Parking Access Control Solutions
Smart Parking Fee & Revenue Collection Solutions
Smart Parking Reservation Management Solutions
Smart Valet Parking Management Solutions
Smart Parking Guidance and Slot Management Solutions
Other Smart Parking Solutions (Parking Enforcement Management)
By End Use
Smart Parking Solutions for Government and Municipalities
Smart Parking Solutions for Airports
Smart Parking Solutions for Corporate & Commercial Parks
Smart Parking Solutions for Commercial Institutions
Smart Parking Solutions for Healthcare
Smart Parking Solutions for Other End Uses (Tourist Destinations and Hospitality Sector)
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Competitive Landscape
APT Skidata, one of the UK's leading parking solutions companies, announced the launch of a new mobile-based digital solution in December 2020 to deliver greater operational efficiencies and enhanced financial returns to owners and operators of an individual or multiple car park.
Amco S.A. was awarded a contract by the Memphis Area Transit Authority (MATA) in the United States in February 2020.
In January 2019, China opened its first robotic diagonal smart parking garage in Nanjing, East China. It is a smart parking system that optimizes space utility, fuel efficiency, and cost-effectiveness in order to make cities more livable.
Key Regions Analysed
North America
Latin America
Europe
Asia-Pacific
Middle East & Africa
Key Country-wise Inclusions
US Smart Parking Solutions Market
Canada Smart Parking Solutions Sales
Germany Smart Parking Solutions Production
UK Smart Parking Solutions Industry
France Smart Parking Solutions Market
Spain Smart Parking Solutions Supply-Demand
Italy Smart Parking Solutions Outlook
Russia & CIS Market Analysis
China Smart Parking Solutions Market Intelligence
India Smart Parking Solutions Demand Assessment
Japan Smart Parking Solutions Supply Assessment
ASEAN Smart Parking Solutions Market Scenario
Brazil Smart Parking Solutions Sales Analysis
Mexico Smart Parking Solutions Sales Intelligence
GCC Smart Parking Solutions Market Assessment
South Africa Smart Parking Solutions Market Outlook
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