Careful work of skilled forecasters, well-versed analysts and knowledgeable researchers gives outcome of such premium Smart Parking Market research report. The report offers wide-ranging statistical analysis of the market’s continuous developments, capacity, production, production value, cost/profit, supply/demand and import/export. This report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market for Smart Parking industry. A numerous markets, marketing strategies, trends, future products and rising opportunities are taken into consideration while studying market and preparing Smart Parking market report.
Market Analysis and Insights
Smart parking market is expected to grow at USD 17.46 billion with a CAGR of 17.85% in the forecast period of 2021 to 2028. Data Bridge Market Research report on smart parking market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. Increasing concerns of parking amid growth in the number of vehicles has boosted the smart parking market.
Smart parking is a smart parking system that helps drivers with safe parking. The space available in the parking lot is marked or marked with the help of embedded software and sensors. Vacant space is informed by the driver accordingly due to good handling of the vehicle. This technology uses a variety of sensors as part of computer systems in the parking lot to detect the presence or absence of vehicles. The smart parking system provides real-time data details regarding the availability of the nearest parking lot and allows the driver to serve that slot without interference from other vehicles.
The rise in a number of vehicles leading to concerns regarding parking solutions is the main driving factor for the growth of the smart parking market. Growing demand and adoption of IoT applied technology is also a driving factor for the smart parking market. The rise in investment in building driverless vehicles and an increase in the government’s initiative in building smart cities across the globe is also an opportunity for the growth of the smart parking market.
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Segmentation:
- Smart parking market on the basis of system type has been segmented as guided park assist, smart park assist, on-street and off-street.
- Based on component, the smart parking market has been segmented into parking sensors, steering angle sensors, ECU and display unit.
- On the basis of sensor technology, the smart parking market has been segmented into ultrasonic sensor, radar sensor and image sensor.
- Based on vertical, the smart parking market is segmented into government and commercial.
- Based on solution, the smart parking market is segmented into security & surveillance, parking reservation management, valet parking management and license plate recognition.
The major Key Players covered in the Smart Parking Market report are:
The major players covered in the smart parking market report Robert Bosch GmbH, Continental AG, Valeo, Delphi Technologies, AISIN SEIKI Co. Ltd., Siemens AG, Cubic Corporation, Amano Corporation, Kapsch TrafficCom AG, AppyParking, Smart Parking, TKH GROUP, Nedap, Urbiotica, SWARCO, KLAUS MULTIPARKING SYSTEMS PVT. LTD, IPS Group Inc., IEM SA, Dongyang Menics Co., Altiux Innovations, Parkmobile LLC, ParkMe, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
The credible Smart Parking market report offer actionable market insights with which businesses can make out sustainable and lucrative strategies. Not to mention, the report analyses the general market conditions such as product price, profit, capacity, production, supply, demand, and market growth rate which supports businesses on deciding upon several strategies. SWOT analysis has been performed while formulating this market document along with many other standard steps of researching, analyzing and collecting data. Additionally, key players, major collaborations, merger, acquisitions, trending innovation and business policies are also re-evaluated in Smart Parking report. It becomes easy to figure out brand awareness and insight about the brand and product among potential customers.
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Attractions of the Smart Parking Market Report: –
Latest market dynamics, development trends and growth opportunities are presented along with industry barriers, developmental threats and risk factors
The forecast Smart Parking Market data will help in the feasibility analysis, market size estimation and development
The report serves as a complete guide which micro monitors all vital Smart Parking Market
A concise market view will provide ease of understanding.
Nut Oil Market Competitive market view will help the players in making a right move
Country Level Analysis
The Smart Parking Market is analyzed and market size insights and trends are provided by country, distributional channel, end-user, connectivity and lawn covered as referenced above.
The countries covered in the Smart Parking Market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
What benefits does DBM research study is going to provide?
Latest industry influencing trends and development scenario
Open up New Markets
To Seize powerful market opportunities
Key decision in planning and to further expand market share
Identify Key Business Segments, Market proposition & Gap Analysis
Assisting in allocating marketing investments
Some Points from Table of Content
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Smart Parking Market Landscape
Part 04: Smart Parking Market Sizing
Part 05: Smart Parking Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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