openPR Logo
Press release

Real-Time Parking System Market to Register Steady Expansion During 2016-2026

03-16-2018 10:00 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Real-Time Parking System Market to Register Steady Expansion

Proliferating number of vehicle combined with the escalating traffic has led to a serious issue of parking in urban cities. In the absence of any systematic method or a system, sufficient time and fuel is wasted over parking. As much as more than twenty five percent of the traffic is contributed by vehicles cruising for parking. Problems are further exacerbated if there are limited parking spaces and or if they are available for any particular period of time. Therefore there arises a strong need for real time information on the availability of parking in a particular region and location. The parking industry has witnessed major technological metamorphosis, and with the introduction of new technology and systems efficient and convenient parking operation can be achieved. A real time parking system collects the data either through cameras or sensors, analyses the input and presents a location to the user either through an inbuilt device in car or through a mobile application. The utilization of real time parking system by parking operator and customer is enabling a smoother transition and efficient management of traffic and parking in a location.

Global real-time parking system market: Dynamics

The real time parking system market demand is propelled with increasing usage of such systems in urban cities. The demand is further boosted with enhanced features offered by modern real time parking system such as parking spot price, spot guidance and airport and transit connections along with other services. With increasing adoption of efficient real time parking system the demand for these system is expected arise from airport, hospital, mall parking, commercial parking garages, universities, on street municipal and other event avenues. The strong integration of real time parking system and Internet of Things and cloud data is opening new avenues for the users and manufacturers. The integration is enabling users to access real time parking condition and for paid parking structures, it’s helping user opt for simple payment method through payment wallet. Although owing to high capital cost of equipment for real time parking systems, the adoption is relatively low but with economic pricing of these systems the application for commercial purpose is expected to increase.

Request For Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-2104

Global real-time parking system market: Segmentation

Real-time parking system market can be segmented on the basis of location, type and application.

On the basis of type, real time parking system market can be segmented as:

Software

Hardware

Services

The Real time parking system market can be segmented on the basis of Location

On–street

Off–street

Others

On the basis of application, the real time parking system market can be segmented as:

Commercial

Personal

Transport and Aviation

Government

Others

Global real-time parking system market: Region-wise Outlook

On the basis of region, the real-time parking system market can be segmented into North America, Western Europe, Asia Pacific Excl. Japan, Latin America, Middle East & Africa, Eastern Europe, and Japan. The North America and Western Europe are currently one of the largest markets real-time parking system, yet the demand for real-time parking system is relatively moderate in the regions owing to maturing automotive sales. The rising sales of automobile and increasing vehicle density in Japan and APEJ are propelling the demand for real time parking system market in the region, therefore the market is anticipated to account for substantial market share during the forecast period. Likewise Latin America real time parking system market is expected to gain significant market share over the forecast period. The Middle East and Africa real time parking system market is expected to create sustainable opportunities in key markets of Qatar, Dubai, Turkey and South Africa among other countries.

Request For Report Table of Content (TOC):https://www.futuremarketinsights.com/toc/rep-gb-2104

Global real-time parking system market: Key Players

Some of the key players identified in the real-time parking system market are: Streetline, Smart Parking Ltd., ParkMe Inc., Parknav, T2 SYSTEMS, Spot Innovation, Inc., INRIX, Inc., ParkWhiz API, Robotic Parking Systems, Inc., Cisco Systems, Inc., and PARKMATIC among many other participant.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

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 Real-Time Parking System Market to Register Steady Expansion During 2016-2026 here

News-ID: 981365 • Views: 97

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Real

Real Estate Transactions
Real Estate Transactions - Translation of the property purchase agreement and interpreting at your notary appointment You are selling your house, apartment or plot of land or acquiring real estate or conducting a commercial real estate transaction as a company? You are a property developer and sell new living space or you participate as an investor in extensive building projects? All this is becoming increasingly interesting and common for foreign business partners
REAL GYM. REAL PEOPLE. REAL RESULTS :SOUTHBEACHBOXING
Boxers are in incredible shape. They have toned abs, slender muscles, and great definition. The question is – how do you get that great body without competing in fights? South Beach Boxing knows that “You Don’t Need To Be a Boxer To Train Like One!” Founder and Owner, Jolie Glassman, has taken the same exercises and actual training that REAL PRO boxers use to get lean and toned and made them
Real-time system monitoring
Oil condition sensors detect the condition of fluids in real time and allow oil changes when necessary The demand for effective solutions to monitor hydraulic and lubricant systems is constantly increasing. Oil condition – or the result of the natural aging of the substance, decomposition of additives and contamination by foreign particles – is therefore the significant factor in determining the optimal point in time for an oil change. Changing the
Real-Time Spreadsheet Calculations
Thetaris Theta Proxy XL provides high performance computing in MS Excel Munich, February 20. 2012 - Thetaris presents Theta Proxy XL, an Excel Add-in software that accelerates the performance of complex Excel functions, such as user-defined functions (UDF) for Monte-Carlo simulation. This software is targeted at all Excel users for whom fast calculation of formula results is essential. This includes traders at banks and other financial institutions who have to react
Costa Rica Real Estate
Specialized services and consulting in Costa Rica since 1996. - Here in Costa Rica we provide a large variety of real estate offers, individual consulting as well as broad and complete services according to your needs. - Due to our good relationship to embassies, lawyers, auditors, translators, architects, constructors, travel agencies and so on, we are able to facilitate your immigration and your stay and guarantee ideal support on the ground. My
Real Estate is a Real Time Business
SAN FRANCISCO, Mar 17, 2010 - Crosspollinate.org soft-launched this month the first version of its real time search and marketing service for Real Estate professionals . Although real-time search engines have proliferated over the last few months, this is the first offering of this kind available for the Real Estate industry. Real time search is a new kind of service which lets individuals and businesses know what is happening around