Press release
Smart Parking Systems Market is projected to reach USD 31.79 Billion by 2030: Cognitive Market Research
Smart Parking Systems Market is projected to reach USD 31.79 Billion by 2030: Cognitive Market Research
- Smart parking systems are advanced technologies that enable drivers to find and reserve parking spots more easily and quickly, thus reducing traffic congestion and improving the overall parking experience. These systems use various sensors, cameras, and other Internet of Thing's devices to gather data on parking availability and share it with drivers in real time.
Summary:
The Global Smart Parking Systems Market size is expected to grow from USD 7.01 Billion in 2022 to USD 31.79 Billion by 2030, at a CAGR of 20.8% during the forecast period
To know more about The Smart Parking Systems Market statistics click here : https://www.cognitivemarketresearch.com/smart-parking-systems-market-report
Market Dynamics:
- The global smart parking systems market is driven by the increasing government investment to support research and development of smart parking technologies for smart city projects and increasing initiatives to control traffic congestion. Moreover, the need for smart parking systems across the globe is increasing due to the challenges of urbanization, advances in technology, and the demand for sustainable transportation options is supporting the growth of the market.
Market Segmentation:
Hardware
• Cameras & LPRs
• Pucks (Wireless Sensors)
• Smart Meters
- Based on Hardware, the smart meters segment held a significant share of the market owing to rising urbanization and the increasing need for on-street parking spaces worldwide, which led to an increasing need for smart parking meters.
• Parking Gates
• Signage
Software
• Analytics Solutions
• Parking Guidance System
- Based on Software, the parking guidance system segment accounted for the largest share owing to its advantages such as assisting vacant slots, providing parking guidance, the availability of spaces, and the period of availability, and helping to save time.
Service Application
• Commercial
- Based on Service Application, the commercial segment held the major share of the segment's growth owing to its adoption across corporate buildings, theatres, sports complexes, shopping malls, and public places.
• Transport Transit
• Government
Service
• Engineering Service
• Consulting Service
• Mobile App Parking Service
Type
• On-street
• Off-street
The Major Smart Parking Systems Furniture Market are :
Aisin Seiki, Amano, Cisco Systems, Continental, Kapsch Trafficcom, Nedap, Bosch, Siemens, Smart Parking, Xerox, CityLift, Hyundai Mobis, Wohr Autoparksysteme, Others
Get free sample pages of the latest published Smart Parking Systems Report : https://www.cognitivemarketresearch.com/smart-parking-systems-market-report/report_enquiry?id=4
Regional Analysis:
- North America accounted for the largest share of the Global Smart Parking Systems Market in the year 2022. This is attributed to the growing number of vehicles on road which led to increased traffic congestion and higher demand for parking spaces in urban areas. Moreover, rising Internet of Things and smart cities technology has enabled the development of more sophisticated parking management systems which is driving the growth of the market. Furthermore, rising government initiatives and support for research and development of smart parking technologies. For instance, Federal Highway Administration's Congestion Mitigation and Air Quality Improvement (CMAQ) program provides funding for projects that reduce traffic congestion and improve air quality, including smart parking systems.
Smart Parking Systems Industry News:
• Flowbird Group acquired YourParkingSpace
- Flowbird acquired YourParkingSpace - the UK's pre-book and subscription marketplace. This acquisition of YourParkingSpace strengthens Flowbird group's dimension to Flowbird's tech stack with its marketplace technology and UK consumer audience.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Smart Parking Systems Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Smart Parking Systems Market Segmentation
1.5.1 Smart Parking Systems Market Regional Fragmentation
1.5.1 Smart Parking Systems Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Smart Parking Systems Market
Chapter 4 Global Smart Parking Systems Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Smart Parking Systems Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Smart Parking Systems Market by Service Application Segmentation Analysis (2018-2030)
• 10.1 Detailed Qualitative Analysis
• 10.2 Global Smart Parking Systems Revenue and Share (%) by Service Application (2018-2030)
10.2.1 Commercial Market Size
10.2.1.1 Global Commercial Market Share and Revenue (USD Million) for 2018-2030
10.2.1.2 Smart Parking Systems Market for Commercial, by Country (2021 Vs 2024)
10.2.2 Transport Transit Market Size
10.2.2.1 Global Transport Transit Market Share and Revenue (USD Million) for 2018-2030
10.2.2.2 Smart Parking Systems Market for Transport Transit, by Country (2021 Vs 2024)
10.2.3 Government Market Size
10.2.3.1 Global Government Market Share and Revenue (USD Million) for 2018-2030
10.2.3.2 Smart Parking Systems Market for Government, by Country (2021 Vs 2024)
Chapter 11 Global Smart Parking Systems Market by Hardware Segmentation Analysis (2018-2030)
Chapter 12 Global Smart Parking Systems Market by Software Segmentation Analysis (2018-2030)
Chapter 13 Global Smart Parking Systems Market by Service Segmentation Analysis (2018-2030)
Chapter 14 Global Smart Parking Systems Market Regional Analysis
Chapter 15 North America Smart Parking Systems Market Outlook (2018 - 2030)
Chapter 16 Europe Smart Parking Systems Market Outlook (2018 - 2030)
Chapter 17 Asia Pacific Smart Parking Systems Market Outlook (2018 - 2030)
Chapter 18 Latin America Smart Parking Systems Market Outlook (2018 - 2030)
Chapter 19 Middle East and Africa Smart Parking Systems Market Outlook (2018 - 2030)
Chapter 20 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Smart Parking Systems Market TOC click here : https://www.cognitivemarketresearch.com/smart-parking-systems-market-report#table_of_contents
Related Reports:
• Automotive Parking Sensor Market : https://www.cognitivemarketresearch.com/automotive-parking-sensor-market-report
• On-Demand Transportation Market : https://www.cognitivemarketresearch.com/on-demand-transportation-market-report
• Automated Parking System Market : https://www.cognitivemarketresearch.com/automated-parking-system-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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