City of Industry, CA -- (SBWIRE) -- 08/09/2018 -- This study focuses on the production side and consumption side of Hybrid Smart Parking Platform, presents the global Hybrid Smart Parking Platform market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. In terms of production side, this report researches the Hybrid Smart Parking Platform capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.

Hybrid smart parking platform helps in optimizing parking resources with continuous streaming of data from streets. It offers real time analysis of data and accurate results on parking occupancy based on multiple data sources.

Smart parking solutions are a need for today owing to the increasing number of vehicles and the lack of parking spaces. Many companies are investing into the smart parking management market. Streetline has been recognized by Frost & Sullivan with the global product line strategy leadership award for the year 2016. Streetline uses machine learning techniques to deploy hybrid smart parking platform in order to merge data that is collected for real time parking guidance and analytics. Streetline is considered to be a world leader in smart parking solutions and management.

North America region holds the largest market share of global hybrid smart parking platform market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing number of vehicles on street and growing awareness about pollution measures in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies and better connectivity for real time data streaming.

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Hybrid smart parking platform market has been segmented on the basis of component, parking type, solution and application. The parking type segment is further bifurcated into on street parking and off street parking. On street parking refers to parking of vehicles along the streets whereas off street parking refers to parking of vehicles in the garages and parking lots. This is owning to the growing demand for smart city solutions and increasing need for parking space management in order to avoid traffic congestion and maintain better air quality by reducing the traffic problems.

The Hybrid Smart Parking Platform market was valued at 790 Million US$ in 2017 and is projected to reach 2830 Million US$ by 2025, at a CAGR of 17.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Hybrid Smart Parking Platform.

This report includes the following manufacturers; we can also add the other companies as you want.

Streetline

Libelium

Tata Elxsi

IPS Group

Kapsch TrafficCom

NuPark

Siemens

Robert Bosch

Huawei Technologies

Acer

Market Segment by Product Type

Hardware

Software

Service

Market Segment by Application

Government

Residential

Commercial

The study objectives are:

To analyze and research the global Hybrid Smart Parking Platform status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.

To present the key Hybrid Smart Parking Platform manufacturers, capacity, production, revenue, market share, and recent development.

To split the breakdown data by regions, type, manufacturers and applications.

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends, drivers, influence factors in global and regions.

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

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In this study, the years considered to estimate the market size of Hybrid Smart Parking Platform are as follows:

History Year: 2013-2018

Base Year: 2017

Estimated Year: 2018

Forecast Year 2018 to 2025

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