Press release
Upcoming IoT Technology to Boost the Growth of Smart Parking Market at a CAGR of 19.9%-The Insight Partners
The Insight Partners
Browse market data tables and in-depth TOC of the Global Smart Parking System Market (2015–2025) @ http://www.theinsightpartners.com/reports/smart-parking-systems-market
IoT is a network of physical objects connected to each other through sensors, electronic devices and software that enables the collection and exchange of data. The IoT trend has been transforming various traditional processes by making them smart, parking being one of them. Smart parking is an emerging IoT based technology and is expected to be adopted by most of the major cities globally in order to increase the probability of sustainable development. Smart parking systems provide its users with real-time information to help them find a parking space conveniently, thereby saving fuel, time and effort.
The smart parking system market is broadly segmented into parking site, components and end-user industry. Furthermore, the parking site is bifurcated into on-street parking and off-street parking. Components segment is sub divided into hardware, software and services. The end-user segment comprises of transport facilities, commercial institution, government & municipalities and corporate institution. The commercial institutes are predicted to dominate the market in the coming years. The market region wise is segmented in North America, Europe, Middle East & Africa, South America and Asia Pacific.
Request for Free Sample @ http://www.theinsightpartners.com/sample/TIPTE100000102
There are number of countries within the Asia Pacific, MEA and South America that are coming up with smart city initiatives. A smart city is also a concept based upon IoT to make cities smarter by providing smarter solution for a sustainable future growth. For instance, in 2015, the Government of India launched the Smart Cities Mission, which stated development of 100 smart cities under the government’s supervision. Similar urban renewal and retrofitting programs have been launched globally to develop smart cities and to make them citizen friendly and sustainable. The government will be collaborating with state governments to implement the program.
Several advanced countries like Australia, the US and Japan etc. are more inclined towards development of off-street parking systems, as the infrastructural density is low in these countries, which allows for many parking spaces. Also, the demand for pedestrian walkaways, as well as separate bike lanes and bus lanes, has increased pressure on on-street parking spaces to be trimmed down in size and number. Furthermore, traffic congestion in CBDs is another problem for on-street parking operators, as there has been increased demand for efficient off-street parking systems.
Some of the major players in the market are Amano McCann, Inc., Smart Parking Ltd., Urbiotica, Cisco Systems, Inc., Nedap NV, SKIDATA AG, Kapsch, Xerox Corp. and Parkmobile LLC among others.
Avail Discounts on report purchase - http://www.theinsightpartners.com/discount/TIPTE100000102
About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
505, 6th floor, Amanora Township,
Amanora Chambers, East Block,
Kharadi Road, Hadapsar, Pune-411028
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Upcoming IoT Technology to Boost the Growth of Smart Parking Market at a CAGR of 19.9%-The Insight Partners here
News-ID: 354203 • Views: …
More Releases from The Insight Partners
Global Sugar-free Cookies Market Poised for Significant Growth, Propelled by Low …
New York, US - September 26, 2025- The global market for sugar-free cookies is poised for significant growth, according to a new report from The Insight Partners, titled "Sugar-free Cookies Market - Global Analysis and Forecast." The report projects that the market is being driven by the rising demand for healthier snack options, the increasing number of consumers adopting low-carb, and the broader availability of these products through various retail…
Mushroom Cultivation Market Research Covers, Future Trends and Opportunities, Pa …
According to The Insight Partners Mushroom Cultivation Market report 2031, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Mushroom Cultivation Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Mushroom Cultivation Market is based on company profiles and their efforts on increasing product value…
Cristobalite Market Forecast (2025-2031): Growing at 4.0% CAGR on Global Demand
According to The Insight Partners - Cristobalite market is evolving dynamically, fueled by rising demand across high-performance industries. Once niche, this polymorph of silica is now gaining traction as a vital filler, functional additive, and structural component - its benefits in thermal stability, optical clarity, and chemical inertness making it indispensable in advanced sectors.
From engineered stone and decorative surfaces to refractories, specialty glass, paints, and ceramics, the versatility of cristobalite…
Respiratory Medical Device Professional Market: Demand, Size, Shares, Growth, Tr …
Respiratory Medical Device Professional Market study by "The Insight Partners" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.
Furthermore, the Respiratory Medical Device Professional Market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
