Smart Parking Market Size, Share and Trends Analysis by 2025.

The smart parking market is expected to grow from US$ 398.6 million in 2016 to US$ 1,462.3 million by 2025 at a CAGR of 15.7% between 2017 and 2025.

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Smart parking systems address critical parking issues, by making it easier for drivers to park their vehicles without wasting time and fuel. Smart parking systems avail their users with real-time information regarding available parking spaces across the city, thereby reducing the traffic congestion caused due to mismanaged parking spaces. Amano Mcgann, Smart Parking Ltd., Xerox, Cisco and Urbiotica are among the major players operating in this market. North America, being a technologically advanced region along with high number vehicle population and congestion in cities, has witnessed highest adoptions of smart parking systems by government & municipalities of various cities. Europe is the second largest adopter of smart parking systems, while APAC region with growing urbanization and increasing technological trends is anticipated to be the fastest growing region globally in the smart parking market

Major vendors covered in this report:

Amano McGann, Inc.
Cisco
Smart Parking Ltd.
Urbiotica
SKIDATA AG
Nedap NV
Kapsch
Xerox Corp.
Parkmobile, LLC
SWARCO AG

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Smart Parking market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Smart Parking market segments and regions. Complete examination of Smart Parking Market Based on current investigation and future examination, which depends on notable information additionally included in this Reports. Introducing the Global Smart Parking Market Factor Analysis-Porters Five Forces, Supply/Value Chain, PESTEL examination, CAGR esteem, Market Entropy, Patent/Trademark Analysis, and Post COVID Impact Analysis.

Smart Parking Market Segmented by Region/Country:

North America
Europe
Asia Pacific
Middle East & Africa
Central & South America

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Major Features of Smart Parking Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Smart Parking market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global Smart Parking market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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