Smart Parking System Market to Observe Massive Growth by 2023 - 2029 .


Posted June 26, 2023 by eakvirammr

The Smart Parking System Market is expected to grow at a CAGR of 21.50% throughout the forecast period, to reach US$ 34.62 Bn. by 2029.
 
Smart Parking System Market Overview

The research on the Smart Parking System market is based on the detailed dynamics the Smart Parking System market. The report covers market revenue forecasts at global, regional and segment, and national levels. External & internal factors affecting the market were deeply analysed. Industry rivalry for predicted periods and individual firm valuations, are all included in Smart Parking System market research.

Smart Parking System Market Report Scope and Research Methodology

The report is a comprehensive analysis of the complementary and Smart Parking System market by region, segment and competitive landscape. The report covers the current trends prevailing in the market & changing consumer preferences towards the industry in the upcoming years helping the companies identify investment pockets and opportunities in the Smart Parking System market. Sales forecasting is the main highlight of the report.

The report is equipped with a competitive analysis of the complementary and Smart Parking System market players. Key players and new entrants in the complementary and Smart Parking System are listed together to provide a thorough analysis. The complementary and Smart Parking System was analysed by region, revenue, financial status, portfolio, current problems associated with technological advancement adopted, and mergers and acquisitions. The new entrants in Complementary and Smart Parking System & the customers were researched for growth prospects and future business outlooks.. Bottom-up approach was used to estimate the complementary and Smart Parking System size.

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Smart Parking System Market Regional Insights

The Regional Analysis in the report helps to understand the Smart Parking System market in various countries. The report includes a detailed analysis of the market potential & industry rivalry in all the regions: :

North America
Europe,
Asia Pacific
Latin America,
Middle East, and Africa.
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Smart Parking System Market Segmentation:

by Hardware

* Pucks (Wireless Sensors)
* Cameras & LPRs
* Smart Meters
* Signage
* Parking Gates

by Software

* Parking Guidance System
* Analytics Solutions

The smart metres segment led in 2022, accounting for roughly 40.0% of sales. The increased demand for on-street parking spaces has principally resulted in the widespread use of parking metres in many cities throughout the world. Smart metres monitor and record the number of parked automobiles as well as open parking spaces. Most people leave their automobiles parked on the street for several hours. This has spurred governments to adopt smart parking metres, which also help to ensure that on-street parking places are properly paid for. The cameras and LPRs category is predicted to grow at the fastest rate during the projection period. This is because LPRs are increasingly being used for in-vehicle surveillance. As a result, governments have begun to deploy smart parking.

by Parking Site

* On-street
* Off-street

Parking guidance system sales will account for roughly 75.0% of total income in 2022. These systems have gained traction in the market because they help drivers save time by providing information ahead of time regarding vacant places, parking guidelines, the quantity of available spots, and the period of availability. These systems enhance the driving experience by monitoring the status of numerous ultrasonic sensors and electrical indications and providing a user-friendly graphical interface. The analytics solutions segment is predicted to increase significantly throughout the forecast period. The segment's rise can be ascribed to the ability of parking sensors put on various structures such as light poles to continually collect reliable information on vacant and occupied spots.

by Application

* Commercial
* Government
* Transport Transit

* TOC

Global Residential Roofing Market: Research Methodology


Global Residential Roofing Market: Executive Summary
Market Overview and Definitions
Introduction to Global Residential Roofing Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry


Global Residential Roofing Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact


Global Residential Roofing Market Segmentation
Global Residential Roofing Market, by Hardware (2023-2029)
Global Residential Roofing Market, by Software(2023-2029)
Global Residential Roofing Market, by Parking Site(2023-2029)
Global Residential Roofing Market, by Application (2023-2029)


Regional Residential Roofing Market(2021-2029)
Regional Residential Roofing Market, by Hardware(2023-2029)
Regional Residential Roofing Market, by Software(2023-2029)
Regional Residential Roofing Market, by Parking Site(2023-2029)
Regional Residential Roofing Market, by Application (2023-2029)
Regional Residential Roofing Market, by Country (2023-2029)


Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments




Smart Parking System Market Key Players:

1 Altiux Innovations
2 Amano McGann, Inc.
3 Amco S.A.
4 BMW AG (ParkNow GmbH, Parkmobile LLC)
5 Cisco Systems, Inc.
6 CivicSmart, Inc.
7 Deteq Solutions
8 Flowbird
9 gtechna
10 INDECT Electronics & Distribution GmbH
11 Kapsch TrafficCom
12 Libelium Comunicaciones Distribuidas S.L.
13 Meter Feeder, Inc.
14 Mindteck
15 Municipal Parking Services, Inc.
16 Nedap N.V.
17 Park Assist
18 ParkHelp Technologies

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Key questions answered in the Smart Parking System Market are:

What is Smart Parking System?
What are the factors driving the Smart Parking System Market growth?
What are the factors are limiting the Smart Parking System Market growth?
What was the Smart Parking System market size in 2021?
Which trends are expected to generate additional revenue for the Smart Parking System market growth?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Smart Parking System Market?
What growth strategies are the players considering to increase their foothold in the Smart Parking System Market?
Who held the largest market share in the Smart Parking System Market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Issued By MMR
Country India
Categories Blogging , Business , News
Tags smart parking system market , smart parking system market growth , smart parking system market demand
Last Updated June 26, 2023