Smart Parking Market Business Overview 2023, and Forecast to 2030

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Contrive Datum Insights published a new report titled Smart Parking Market Research Report 2023-2030. The report offers comprehensive data on emerging trends, market drivers, growth opportunities and restraints that can change the market dynamics of the industry. It delivers a comprehensive analysis of the market fragments which include product types, applications and competitive breakdowns.

Global Smart Parking Market Reports give a Key study on the industry status of the Smart Parking Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.

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The market is driven by things like a lack of parking spaces, an increase in accidents caused by cars backing out of parking spots, and a rise in customer demand for luxury cars and safety systems in passenger cars.

Integration of various information and communication technology systems, such as LCD displays, sensors (image, ultrasound, and radar), electronic controls, etc., is what the smart parking market is all about. It also includes software platforms such as smartphone applications and vehicle navigation software systems that interact with hardware platforms such as vehicle on-board sensors and electronics to integrate and guide systems that help drivers find vacant spaces to park their vehicles, Infrastructure outside the vehicle as a parking solution.

Competitive Landscape and Global Market Share Analysis:

3M, Cubic Corporation, Thales, Kapsch TrafficCom AG, Urbiotica, Swarco AG, Smart Parking Limited, Robert Bosch GmbH, Klaus Multiparking Systems, IPS Group Inc., Amano McGann, Inc., Continental AG, Others

Market Segmentation:

By Component:

Hardware

Software

Services

By Technology:

IoT

Ultrasonic

RFID

By Type

Off-Street

On-Street

By Application:

Security & Surveillance

Smart Payment System

E-parking

License Plate Recognition

By End User:

Commercial

Government

The report on the Smart Parking market covers the following region (country) analysis:

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Regional Insights:

In 2021, North America brought in the most money, more than 35%. During the forecast period, the market for smart parking systems in the region is projected to grow because there will be more cars. Cities in the U.S. and Canada are trying to reduce traffic congestion, which is getting worse because more people want to own cars. Governments are also working with service providers to get more people to use smart parking systems that let commercial and personal cars park in a safe and legal way. Smart parking systems are also being put in place in the area because smart city projects are becoming more popular.

During the forecast period, the European region is projected to grow at a high CAGR. This is because governments are supporting smart parking systems as a way to reduce pollution. One of the main reasons for market growth in the area is also worries about not having enough parking spaces. For example, the International Road Transport Union (IRTU) took part in a study funded by the EU that found that Europe has a lot of trouble with not having enough safe and secure parking spots.

Following are the major TOC of the Smart Parking Market:

Chapter 1: Smart Parking Market Overview

Chapter 2: Global Economic Impact on Industry

Chapter 3: Global Smart Parking Market Competition by Manufacturers

Chapter 4: Global Production, Profits (Value) by Region

Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions

Chapter 6: Global Price Trend by Type, Revenue (Value), Production

Chapter 7: Manufacturing Cost Analysis

Chapter 8: Global Market Analysis by Application

Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: Market Effect Factors Analysis

Chapter 12: Global Smart Parking Market Forecast

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Key Reasons to Purchase Smart Parking Market report:

  • The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
  • In-depth market analysis and an overview of the global Smart Parking Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
  • Reader can acquire a better interpretation of the Smart Parking Market forecast’s future view and opportunities from the report.
  • The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
  • To gain an understanding of the market strategies by the leading market players in the Smart Parking
  • The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.

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Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials in various sectors including investment, information technology, telecommunications, consumer technology, and manufacturing markets. CDI helps investment communities, business executives and IT professionals make accurate, statistically-based decisions on technology purchases and promote strong growth tactics to maintain market competitiveness. Composed of a team of more than 100 analysts and a cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and national experience.

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