Press release
Smart Parking Systems Market Size Trend Industry Overview by Size, Share, Future Growth, Development, Revenue - 2022-2031| Key Players: IEM SA, IPS Group Inc, Klaus Multiparking Systems, Robert Bosch GmbH
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A smart parking system is a network of sensors and other technology that helps drivers find available parking spaces and navigate to them. The sensors can be embedded in the pavement or mounted on poles, and they relay information to a central system that can be accessed by drivers through a smartphone app or other interface. The system can also provide real-time information on parking availability to traffic management systems, which can use the data to help direct drivers to areas with available parking.
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Key Trends
Some key trends in Smart Parking Systems technology include:
1. The use of sensors to detect when a parking space is occupied and when it becomes available.
2. The use of real-time data to help drivers locate available parking spaces.
3. The use of dynamic pricing to encourage drivers to park in less busy times or areas.
Key Drivers
The key drivers of the Smart Parking Systems market are the need for efficient parking management and the need to reduce traffic congestion.
Smart Parking Systems help to optimize the use of parking resources and reduce traffic congestion by providing real-time information about available parking spaces.
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Market Segments
The smart parking system market is by solution, application, type, and region. By solution, the market is classified into hardware, and software. On the basis of type, it is bifurcated into on-street, and off-street. Based on application, it is divided into commercial, government, and transport. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global smart parking systems include players such as Amano McGann Inc, Continental AG, Dongyang Menics Co Ltd, IEM SA, IPS Group Inc, Klaus Multiparking Systems, Robert Bosch GmbH, Smart Parking Limited, Swarco AG, Urbiotica, and others.
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