Global Smart Parking Market By Component (Hardware, Software & Services), By Technology (IoT, Ultrasonic, & RFIDs), By Type (Off-Street & On-Street), By Application (Security & Surveillance, Smart Payment System, E parking, License Plate Recognition), By End-User (Commercial & Government), By Geographic Scope And Forecast
Smart Parking Market Insights
Smart Parking Market was valued at USD 6.59 Billion in 2020 and is projected to reach USD 16.74 Billion by 2028, growing at a CAGR of 12.36% from 2021 to 2028.
The Smart Parking Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Smart Parking Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Global Smart Parking Market Overview
This report provides an all-inclusive environment for the analysis of the Smart Parking Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the Smart Parking Market growth.
Along with the market overview, which comprises the market dynamics the chapter includes Porter’s Five Forces analysis which explains the five forces: namely buyers’ bargaining power, suppliers’ bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the Smart Parking Market. It explains the various participants, such as system integrators, intermediaries, and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Smart Parking Market.
|Base year considered||2020|
|Forecast period considered||2021-2028|
|Base year market size||6.59 $ Billion in 2020|
|Market size forecast||16.74 $ Billion by 2028|
|Units considered||$ Billion|
|Segments covered||By Component, By Technology, By Type, Application, By End-User, By Geography|
|Industry covered||Artificial Intelligence (AI)|
Global Smart Parking Market: Segmentation Analysis
The Global Smart Parking Market is segmented on the basis of Component, Technology, Type, Application, End-User, And Geography.
Key Players In Smart Parking Market
The Global Smart Parking Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Urbiotica, Swarco AG, Smart Parking Limited, Robert Bosch GmbH, Klaus Multiparking Systems, IPS Group Inc., Amano McGann, Inc., Continental AG, Dongyang Menics Co., Ltd, IEM SA among others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
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