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Smart Parking Market to Record an Impressive Growth Rate During Forecast 2017-2027

10-09-2017 11:50 AM CET | IT, New Media & Software

Press release from: Future Market Insights

Smart Parking Market to Record an Impressive Growth Rate During

Smart Parking Market: Introduction

Smart parking is a vehicle parking system, which facilitates driver to search for vacant space to park the vehicle. Sensors and software assist the driver for finding the place available for parking through symbols or sign. This system helps in the proper management of the vehicle, considering the availability of space, which will further assist in optimized usage of land.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4511

Smart Parking Market: Drivers and Restraints

Increasing problems related to land utilization and proper parking management are the key issue of overcrowded cities, which is anticipated to increase the demand for smart parking gadgets in recent years. Also, increasing the number of vehicles are expected to create huge expansion opportunity for the respective industry.

Increasing demand for smart infrastructure in airports, hospitals, office, railways and mall are spurring the need for smart parking equipment and software. Moreover, the configuration complexity and requirement of trained staff to operate the smart parking solutions are coupled together to hinder the growth of the market over the forecast period

Global Smart Parking Market: Market Segmentation

Global Smart Parking Market can be divided into six segments, based on System, Technology, Component, Solutions, Verticals and Region.

Segmentation on the basis of Components for Smart Parking Market:

The major segments of Smart Parking Market on the basis of the Components include:

Hardware
Software
Segmentation on the basis of Solution for Smart Parking Market:

The major segments of Smart Parking Market on the basis of the Solution include:

Security & Surveillance
Valet & Parking Reservation
License Plate Recognition
Segmentation on the basis of Vertical for Smart Parking Market:

The major segments of Smart Parking Market on the basis of the Vertical include:

Commercial
Personal
Transport & Aviation
Government
Others
Segmentation on the basis of Region for Smart Parking Market:

The major segments of Smart Parking Market on the basis of Region include:

Asia-Pacific excluding Japan
The Middle East and Africa
Western Europe
North America
Eastern Europe
Latin America
Japan
Global Smart Parking Market: Regional Trend

North America is expected to witness largest market share regarding revenue, owing to increasing need of traffic management is propelling the growth of the Smart Parking Market over the forecast period. Further shooting number of vehicles in Canada and U.S is the other key factor influencing the growth of the market.

Latin America and Asia Pacific is anticipated to witness fastest market growth, owing to increasing inclination towards smart cities is the major factor responsible for the growth of the industry.

The European countries are projected to exhibit significant growth opportunity, due to increasing supportive government regulation in the respective region is expected to spur the demand for Smart Parking devices in the forthcoming years.

To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/toc/rep-gb-4511

Global Smart Parking Market: Competitive Landscape

Some of the prominent players in the Smart Parking Market includes Valeo, Altiux Innovations, Streetline, Nedap AVI, Amco Corporation, Delphi Automotive PLC, Smart Parking Ltd., 3M Company, Bayerische Motoren Werke AG, TCS International Inc, Robert Bosch GmbH, Cubic Corporation, T2 SYSTEMS, Cisco Systems, Inc., Spot Innovation, Inc., Integrapark, LLC, CivicSmart, Inc., Complus Data Innovations, Inc., ParkHelp, Passport Parking, LLC, ParkMe Inc., TransCore LP, Inc., ParkmobileLLC, ParkWhiz API, World sensing, Netpark, LLC, Siemens AG, HCL Technologies Ltd., Xerox Corporation, Parkopedia Inc, and Data Ticket, Inc.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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Web:https://www.futuremarketinsights.com/

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