New York, NY -- (SBWIRE) -- 05/16/2019 -- The latest research report on Smart Parking Market
The global smart parking market accounted for over USD 2.8 billion in 2017 and is expected to grow at a CAGR of 10.1% during the forecast period, 2019–2026.
Global Smart Parking Market Report (Industry Analysis, Applications, Growth, Trends) and Future Forecast (2016-2026) is the latest report published by Straits Research which is committed to delivering details of the Smart Parking industry.
Straits Research offers a high level of accuracy, an in-depth valuation, and systematic research methodology to the reader that helped to collect the info from direct as well as indirect sources. Forecasting patterns were considered across the various regions where the Smart Parking industry is growing steadily. The report has taken a deep dive into the market and has extracted the data from secondary and primary sources.
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Major cities in the world such as New York, San Francisco, Berlin, and London have commenced deployment of smart parking technology solutions since the last 5 years. While the penetration of this technology is quite low, it has been gaining prominence in major cities. Increasing investments in smart cities by governments across the world and rising investments in autonomous vehicles are presenting tremendous opportunities for smart parking market growth, globally.
Some of the prominent players in the global smart parking market are Act-On Software Inc. (U.S.), Adobe Systems Inc. (U.S.), Cognizant (U.S.), Hubspot, Inc. (U.S.), IBM Corporation (U.S.), Marketo, Inc. (U.S.), Oracle Corporation (U.S.), Salesforce.com, Inc. (U.S.), Teradata Corporation (U.S.), Infusion Software Inc. (U.S.) and SAS (U.S.), among others.
The Smart Parking Market is segmented into different sections such as by type, by application, by end users, and by regions. The report about the Smart Parking industry covered the markets by analyzing the top players participating in the market. To make this report an exceptional one, several parameters are models are used which include SWOT analysis, Porters five force model, and pestle analysis.
Development in technology and innovations have created an educated workforce which ultimately witnessed in increasing per capita income and this particular factor has positively impacted on the growth of the Smart Parking market since the past few years.
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By Parking Site, On-street, Off-street,
By Application, Government, Commercial,
By Technology, IoT, Ultrasonic, RFID,
By Solution, Security & Surveillance, Smart Payment System, E-parking, License Plate Recognition
The competitive landscape:
The competitive landscape of the Smart Parking market is a highly crucial section of the report that creates a firm portrait of the market's key players and their rivalries. A reader can evaluate their position in the market by using this scale of reference, while extensively planning their future movements to counter the movements of the other players in the same areas. This segment provides updated details on companies profiles, business strategies, financial statistics, growth rate and the future scenario for the key leading players in the market, along with the ones that indicate the most positive growth rates.
Why purchase this report?
Historical inferences, findings & analysis of the Smart Parking market from 2016 to 2018
Projections and performance forecast analysis for the future from 2019 to 2026
Production and consumption point of view (POV) analysis
Smart Parking Market drivers, restraint and opportunity analysis, to define Smart Parking market dynamics covering industry, regulatory, innovation, technological & pricing trends
Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects
In the end, this report discusses the key drivers influencing the market growth, opportunities, challenges and the risks faced by key players and the Smart Parking market as a whole. Additionally, It analyzes the emerging trends and their impact on present and future market statistics and development.
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