smart parking platform market

monicanerkar

smart parking platform market By Component, By Parking Type (On Street, Off Street), By Solution (Security & Surveillance, Valet Parking Management, Parking Reservation Management, License Plate Recognition) By Application - Forecast 2023

smart parking platform market Research

Report By Forecast 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


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smart parking platform market Forecast To 2023

smart parking platform market Forecast To 2023

The global smart parking platform market is expected to exhibit a robust 18% CAGR over the forecast period from

2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global smart parking

platform market is mainly driven by the increasing investment by private investors in smart parking projects, as these

have emerged as a highly profitable venture in today’s rapidly urbanizing world. The research report projects the

global smart parking platform market to reach a valuation of USD 2,134 million by 2023. The report presents a

detailed historical analysis of the global smart parking platform market, providing a review on the leading drivers and

restraints for the market as well as the major players operating in the market.


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smart parking platform market Forecast To 2023

“Taste the market data and market information presented through more than 50 market data tables

and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content

TOC & market synopsis on Internet of smart parking platform market Forecast To 2023”

• The demand from the smart parking platform market is mainly driven by the increasing number of vehicles on the

road in developed as well as developing countries. Smart parking systems allow drivers to find a parking spot in

advance and also pay for it in advance using ecommerce tools from their phone or in-car ecommerce portal. The

convenience of this systems is particularly felt in the increasingly congested city centers in developed countries

such as the UK, the U.S., and France. As the major commercial and financial avenues in a city are usually located in

the city center, the number of vehicles coming into the city center everyday is quite high. This has caused parking

and traffic congestion problems in developed countries, leading to a growing demand for solutions such as hybrid

smart parking platforms.


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smart parking platform market Forecast To 2023

Global smart parking platform market Segmented on the basis of

The global smart parking platform market is segmented on the basis of component, parking type, solution,

application, and region.

By component, the global smart parking platform market is segmented into hardware, software, and

services.

By parking type, the global smart parking platform market is segmented into on-street and off-street

parking. Off-street parking, which comprises the construction of buildings specifically intended to be used

as parking space, is likely to be the more popular option in the global smart parking platform market over

the forecast period, as on-street parking may not solve the problem of congestion in some locations.


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smart parking platform market Forecast To 2023

Global smart parking platform market - Geographical Analysis

North America is likely to dominate the global smart parking platform market over the forecast period due to the

widespread awareness about smart parking systems in the region and the increasing demand for effective smart

parking systems in cities in the U.S. Europe holds the second largest share in the global smart parking platform

market and is likely to grow at a stable growth rate over the forecast period.

Asia Pacific is expected to exhibit the highest growth rate over the forecast period due to the increasing

urbanization in Asia Pacific, which has resulted in an increasing volume of urban commuters driving into cities

every day, resulting in increasing traffic congestion problems.

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/4241


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smart parking platform market Forecast To 2023

Global smart parking platform market - Competitive Analysis

• Leading players in the global smart parking platform market include Robert Bosch GmbH, Acer Inc., Huawei

Technologies Co. Ltd., Siemens AG, NuPark, Kapsch TrafficCom AG, IPS Group Inc., Tata Elxsi, Libelium, and

Streetline.

• In July 2019, ParkMobile launched a new smart parking facility in Montgomery, AL.

Browse Report @ https://www.marketresearchfuture.com/reports/hybrid-smart-parking-platformmarket-4241


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