Press release
Smart Parking Market Size To See Booming Growth | Urbiotica, Swarco AG, Smart Parking Limited, Robert Bosch GmbH
Smart parking is an intelligent parking system that assists driver for safe parking. Available space in parking slot is indicted by sign or symbol with the help of embedded software and sensors. The vacant space is notified to the driver correctly due to the proper management of vehicle. In addition, smart parking is adopted by many countries and hence it is becoming one of the most trending smart solutions across various public and private places, including airports, universities, shopping centers, and city garages, globally.
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The features such as ability to easily connect with the parking lots, analyze, and automate data gathered from devices, and make it more fruitful for the market. The off-street parking method that is widely used worldwide is generally categorized into the vehicles that are not parked on the roads.
For the operation of the smart parking, they involve low-cost sensors, real-time data collection, and smart phone enabled automated payment systems. This combination allows people to reserve parking in advance and predicts the location for parking.
This system is linked with the mobile applications that notifies the user about current available parking space that further helps reduce the time needed for searching the available free parking space. This smart parking system implies M2M technologies to properly manage parking supply and also helps one of the biggest problems on driving in urban areas-finding empty parking spaces and controlling illegal parking.
Increase in parking concern across the globe, growth in demand for Internet of Things (IoT) based technology, and high adoption rate in number of vehicles drive the market growth. However, high employment cost & configuration complexity restrain the market growth. Moreover, rise in investment on building driverless vehicles and increase in government initiative in building smart cities across the globe are expected to create tremendous opportunities for the market growth.
The global smart parking market is segmented on the basis of type, component, technology, application, end user, and regions. Based on type, it is bifurcated into off-street and on-street. Based on technology, it is classified into IoT, ultrasonic, and RFID. Based on application, it is divided into security & surveillance, smart payment system, E-parking, and license plate recognition. Based on end user, it is studied across commercial and government. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=AMR1377
KEY BENEFITS FOR STAKEHOLDERS
- This study presents analytical depiction of the global smart parking market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers.
KEY PLAYERS
o Amano McGann, Inc.
o Continental AG
o Dongyang Menics Co., Ltd
o IEM SA
o IPS Group Inc.
o Klaus Multiparking Systems
o Robert Bosch GmbH
o Smart Parking Limited
o Swarco AG
o Urbiotica
KEY MARKET SEGMENTS
By Type
o Off-street
o On-street
By Technology
o IoT
o Ultrasonic
o RFID
By Application
o Security & Surveillance
o Smart Payment System
o E parking
o License Plate Recognition
By End User
o Commercial
o Government
Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=AMR1377
By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Italy
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? Australia
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
.................Some More Report..............
Workplace Wellness Market: https://www.barchart.com/story/news/15004569/workplace-wellness-market-size-key-segments-share-trends-growth-and-forecast-2031
Hybrid Operating Room Market: https://www.barchart.com/story/news/15004567/hybrid-operating-room-market-size-demand-share-key-players-growth-and-forecast-2031
Immunosuppressants Market: https://www.barchart.com/story/news/15004565/immunosuppressants-market-size-growth-status-share-trends-opportunity-and-forecast-2031
Request full Report :-https://reportocean.com/industry-verticals/sample-request?report_id=AMR1377
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website: https://www.reportocean.com
Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=AMR1377
The features such as ability to easily connect with the parking lots, analyze, and automate data gathered from devices, and make it more fruitful for the market. The off-street parking method that is widely used worldwide is generally categorized into the vehicles that are not parked on the roads.
For the operation of the smart parking, they involve low-cost sensors, real-time data collection, and smart phone enabled automated payment systems. This combination allows people to reserve parking in advance and predicts the location for parking.
This system is linked with the mobile applications that notifies the user about current available parking space that further helps reduce the time needed for searching the available free parking space. This smart parking system implies M2M technologies to properly manage parking supply and also helps one of the biggest problems on driving in urban areas-finding empty parking spaces and controlling illegal parking.
Increase in parking concern across the globe, growth in demand for Internet of Things (IoT) based technology, and high adoption rate in number of vehicles drive the market growth. However, high employment cost & configuration complexity restrain the market growth. Moreover, rise in investment on building driverless vehicles and increase in government initiative in building smart cities across the globe are expected to create tremendous opportunities for the market growth.
The global smart parking market is segmented on the basis of type, component, technology, application, end user, and regions. Based on type, it is bifurcated into off-street and on-street. Based on technology, it is classified into IoT, ultrasonic, and RFID. Based on application, it is divided into security & surveillance, smart payment system, E-parking, and license plate recognition. Based on end user, it is studied across commercial and government. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=AMR1377
KEY BENEFITS FOR STAKEHOLDERS
- This study presents analytical depiction of the global smart parking market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers.
KEY PLAYERS
o Amano McGann, Inc.
o Continental AG
o Dongyang Menics Co., Ltd
o IEM SA
o IPS Group Inc.
o Klaus Multiparking Systems
o Robert Bosch GmbH
o Smart Parking Limited
o Swarco AG
o Urbiotica
KEY MARKET SEGMENTS
By Type
o Off-street
o On-street
By Technology
o IoT
o Ultrasonic
o RFID
By Application
o Security & Surveillance
o Smart Payment System
o E parking
o License Plate Recognition
By End User
o Commercial
o Government
Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=AMR1377
By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Italy
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? Australia
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
.................Some More Report..............
Workplace Wellness Market: https://www.barchart.com/story/news/15004569/workplace-wellness-market-size-key-segments-share-trends-growth-and-forecast-2031
Hybrid Operating Room Market: https://www.barchart.com/story/news/15004567/hybrid-operating-room-market-size-demand-share-key-players-growth-and-forecast-2031
Immunosuppressants Market: https://www.barchart.com/story/news/15004565/immunosuppressants-market-size-growth-status-share-trends-opportunity-and-forecast-2031
Request full Report :-https://reportocean.com/industry-verticals/sample-request?report_id=AMR1377
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website: https://www.reportocean.com
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