Press release
Smart Parking Systems Market Statistics, Segment, Trends and Forecast to 2032
Smart Parking Systems Market
For cautious drivers, smart parking is a secure parking option. Utilizing sensors and embedded software, the sign or symbol shows the location of the closest open parking space on the lot. Due to careful vehicle management, the driver is familiar with the empty space. With the help of smart parking, drivers can reserve a spot without having to wait because they have access to real-time information on the availability of neighbouring parking spaces.
Drivers may park safely with the aid of a smart parking system. With the aid of embedded software and sensors, the parking place is identified or marked in the lot. Due to the vehicle's outstanding handling, the driver is told when a space becomes available. This technique detects the presence or absence of automobiles in the parking lot using a range of sensors as part of computer systems. The nearby parking lot's availability is shown in real-time by the smart parking system, which also enables the motorist to use that space unhindered by other cars.
An intelligent parking technology called "smart parking" helps drivers park safely. Using embedded software and sensors, a sign or symbol denotes the availability of a parking place. Due to the efficient administration of the vehicle, the driver is correctly informed when a space becomes available. This system detects the presence or absence of automobiles using a variety of sensors installed as hardware in the parking space. The use of a smart parking system enables drivers to accommodate a nearby parking place without interfering with other vehicles by providing real-time data on its availability.
Market Dynamics- Drivers
Traffic is becoming increasingly problematic as a result of the growing number of automobiles on the road. The International Organization of Motor Vehicle Manufacturers estimates that there were 170 automobiles per 1,000 people on the road in the globe on average in 2012; by 2013, this number had risen to 174. Due to the huge number of vehicles, parking has become a significant problem in big cities. In actuality, the gap between supply and demand for parking places is growing. Parking shortages cause excessive traffic delays and congestion, which annoy drivers, waste fuel, cause air and noise pollution, and impede profitable business activity. Consequently, these elements are anticipated to fuel the growth of the global market for smart parking systems over
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Global Smart Parking Systems Market: Major Players
• Xerox Corporation
• Nortech Control Systems Limited
• Imtech
• Fujica
• Cubic Corporation
• Swarco AG
• 3M
• Amano Corporation
• Kapsch TrafficCom AG
• Thales
• Siemens
Global Smart Parking Systems Market: By Types
• On-Street
• Off-Street
Global Smart Parking Systems Market: By Applications
• Commercial Use
• Residential Use
• Government Use
Global Smart Parking Systems Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Smart Parking Systems market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
The report has helped our clients:
• To describe and forecast the Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the Market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the Market for stakeholders by identifying high-growth segments in Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the Market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships
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Frequently Asked Questions About This Report
• How big is the smart parking systems market?
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• Which software segment led the smart parking systems market?
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