Global Crowdsourced Smart Parking Market Navigating Urban Congestion with Data 2023 to 2030 | 3M, Amano Corporation, Cubic Corporation, Thales

Published September 7, 2023

Infinity Business Insights: Statistical Analysis report on “Global Crowdsourced Smart Parking Market” capacity, production, production value, cost/profit, supply/demand and import/export. The report will assist reader with better understanding and decision making.

Crowdsourced Smart Parking Market was valued at $194.2 million in 2018 and is expected to reach $357.8 million by 2026, growing at a 7.9% CAGR. The Crowdsourced Smart Parking Market refers to the parking industry sector that uses crowdsourcing and smart technology to optimise parking space utilisation and improve overall parking experience. Crowdsourced smart parking solutions leverage data collected from multiple sources, such as sensors, mobile apps, and user-generated information, to offer vehicles with real-time information about available parking spaces, price, and navigation. These technologies assist drivers in finding parking spots more efficiently, reducing urban congestion, minimising time and fuel lost in hunting for parking, and improving the overall urban mobility experience.

The Key companies profiled in the Crowdsourced Smart Parking Market:

The study examines the Crowdsourced Smart Parking Market’s competitive landscape and includes data on 3M, Amano Corporation, Cubic Corporation, Thales, Kapsch TrafficCom AG, Nortech Control Systems Limited, Siemens, Swarco AG, Fujica, Imtech, Xerox Corporation & Others.

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Because of its expanding adoption and applicability, the Crowdsourced Smart Parking Market is gaining traction. The device was installed to save time spent looking for a parking space. Furthermore, the implementation of such a system has reduced the degree of pollution caused by traffic congestion, and as a result, market demand is expanding. The Global Crowdsourced Smart Parking Market research offers a comprehensive analysis of the market. The research provides a thorough examination of major segments, trends, drivers, restraints, the competitive landscape, and factors that are significant in the market.

Global Crowdsourced Smart Parking Market Segment by Type & Applications:

This report segments the Crowdsourced Smart Parking Market on the basis of Types:
On- Street

On the basis of Application, the Crowdsourced Smart Parking Market is segmented into:
Commercial Use
Residential Use
Government Use

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Crowdsourced Smart Parking Market Regional Analysis:
The smart parking market in the United States and Canada is mature, with several cities implementing advanced parking management systems. Parking apps and sensors have been used in cities such as San Francisco and Los Angeles to minimise congestion and enhance parking efficiency. Smart parking systems have been widely used in European countries such as the United Kingdom, Germany, and France, particularly in major cities. These ideas aim to alleviate urban transportation congestion while also lowering emissions. Rapid urbanisation and rising vehicle ownership in countries such as China and India have resulted in an increased need for smart parking solutions. To address parking issues, many cities in the region are investing in technology.

Crowdsourced Smart Parking Market – COVID-19 and Recovery Analysis:
The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain including Crowdsourced Smart Parking industry. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Crowdsourced Smart Parking. This report on Crowdsourced Smart Parking Market provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation in the Crowdsourced Smart Parking industry.

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Crowdsourced Smart Parking Market Research Methodology:
The research paper provides perceptions into approaches developed by each firm for the same condition, while the study provides in-depth insights into organisations developing solutions for it. In-depth assessment of licencing agreements, company-company collaboration, and company-academic collaborations for future market development. The report also includes facts and statistics, tables, and visuals that will be used in strategic planning for the company’s growth. The research employs a bottom-up approach and triangulation methodologies to analyse market size and projections, taking into consideration the status of the economy, changes in legislation, and other factors.

The study objectives of this Crowdsourced Smart Parking Market Report are:
• Focuses on the key global Crowdsourced Smart Parking companies, to define, describe and analyze the sales volume, value, market share, market competition landscape, and recent development.
• To project the value and sales volume of Crowdsourced Smart Parking submarkets, with respect to key regions.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To study and analyze the global Crowdsourced Smart Parking market size (value & volume) by company, key regions, products, and end-user, breakdown data from the Last Five Years, and forecast to 2030.
• To understand the structure of the Crowdsourced Smart Parking market by identifying its various sub-segments.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges, and risks).

1. During the projected period, what will be the market’s development rate, development force, or speed increase?
2. What are the fundamental drivers of the market?
3. As far as worth, how large was the developing business sector in 2023?

Browse the complete Crowdsourced Smart Parking Market report details with table of contents and list of figures click here

Major Points from Table of Contents:
Chapter 1: Crowdsourced Smart Parking Market Overview
Chapter 2: Company Profiles
Chapter 3: Crowdsourced Smart Parking Market Competition, by Players
Chapter 4: Crowdsourced Smart Parking Market Size Segment by Type
Chapter 5: Crowdsourced Smart Parking Market Size Segment by Application
Chapter 6: North America by Country, by Type, and by Application
Chapter 7: Europe by Country, by Type, and by Application
Chapter 8: Asia-Pacific by Region, by Type, and by Application
Chapter 9: South America by Country, by Type, and by Application
Chapter 10: Middle East & Africa by Country, by Type, and by Application
Chapter 11: Research Findings and Conclusion
Chapter 12: Appendix…

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