Hybrid Smart Parking Platform Market 2017 By Key Players: Streetline, Libelium, Tata Elxsi, IPS Group, NuPark, Siemens AG, Huawei Technologies, Acer

Market Research Future published a research report on “Hybrid Smart Parking Platform Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights

In this rapidly changing world of technology, hybrid smart parking platform market is projected to show major growth prospects during the forecast period. Major factor driving the hybrid smart parking platform market is the increasing demand for vehicles which is leading towards the parking concerns. Increasing demand for internet of technology is another major factor driving the growth of hybrid smart parking platform market.

The global Hybrid Smart Parking Platform Market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the hybrid smart parking platform market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of hybrid smart parking platform market. This is owing to the presence of large number of established key players like Streetline and IPS Group in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. This is expected to be a major factor for the growth of hybrid smart parking platform market. Growing adoption of mobile devices and increasing implementation internet of things is another major factor driving the growth of hybrid smart parking platform market in the region. Growing demand for digitalization and increasing concerns about environment pollution are other factors driving the growth of hybrid smart parking platform market in the region.

The hybrid smart parking platform market is growing rapidly over 18% of CAGR and is expected to reach at approx. USD 2,134 Million by the end of forecast period.

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Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Hybrid Smart Parking Platform Market Research Report-Forecast to 2023”.

Segments:

Hybrid smart parking platform market can be segmented on the basis of following:

By Component

• Hardware
• Software
• Service

By Parking Type

• On Street Parking
• Off Street Parking

By Solution

• Security & Surveillance
• Valet Parking Management
• Parking Reservation Management
• License Plate Recognition

By Application

• Government
• Residential
• Commercial

Key Players:

The prominent players in the hybrid smart parking platform market are – Streetline (U.S.), Libelium (Spain), Tata Elxsi (India), IPS Group, Inc. (U.S.), Kapsch TrafficCom AG (Germany), NuPark (U.S.), Siemens AG (Germany), Huawei Technologies Co. Ltd. (China), Acer Inc. (Taiwan), Robert Bosch GmbH (Germany) among others.

Regional Analysis:

The regional analysis of hybrid smart parking platform market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, followed by Europe, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in hybrid smart parking platform market in North America is attributed to technological advancements and increasing number of vehicles leading towards growing traffic concerns in that region.

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Intended Audience

• Technology Investors
• Research/Consultancy Firms
• Infrastructure Providers
• Original equipment manufacturers (OEMs)
• OEM technology solution providers
• Smart City
• Government Organization
• Software vendors

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