America Smart Parking Systems Market Top Companies, Growth Rate and Opportunities

1. Smart Parking Systems Market Size, Key Vendors, Growth Rate, Drivers, Volume and Forecast Report 1 ©P&SIntelligence.Allrightsreserved

2. Issues related to parking have become more severe in today’s world on account of the burgeoning number of vehicles and unorganized and inadequate car parking space in urban areas. Additionally, the search for parking space also contributes to the congestion on roads, as do the violation of parking rules and incorrect parking. To deal with these problems, governments across the world are rapidly deploying smart parking systems that provide real- time information to enable drivers to search for and reserve the available parking spots. Moreover, the escalating focus on crowd sourced mobility data will fuel the smart parking systems market at a CAGR of 16.1% during 2019–2024. Cities across the world are adopting affordable technologies to collect data through sensor networks to make their smart parking operations streamlined. Moreover, the development of smart cities has led to the wide scale adoption of new-age technologies, such as community-based smart parking systems, which use the side-mounted sensors in connected vehicles for data generation. Thus, the sourcing of mobility data from vehicle owners will help the market value increase from $3.4 billion in 2018 to $9.1 billion by 2024. Request to Get the Sample Report: https://www.psmarketresearch.com/market- analysis/smart-parking-systems-market/report-sample Smart parking systems are located on-street and off-street parking sites, between which, the demand for off-street parking systems was higher in the past. Because of improved payment and ticketing process, these solutions facilitate easy pay-and-park process. Moreover, off- street parking solutions provide parking for both long and short durations, owing to which they are utilized more. Governments of several countries are further investing heavily for the development of smart cities, which is predicted to result in the growing adoption of these systems in the coming years. Service, hardware, and software technologies are included under smart parking systems, out of which, the demand for hardware technology was the highest in the past. Geographically, North America makes the widest use of smart parking solutions due to the surging number of vehicles on the roads and rising focus on advanced parking solutions in its major cities. Furthermore, P&S Intelligences projects that the Asia-Pacific smart parking systems market will witness the fastest growth in the coming years due to the large number of vehicles and insufficient parking space in the region. For instance, in 2018, China had a mere 30 million off-street parking spaces and 800,000 traditional parking lots for its over 248 million cars!. Make Enquiry BEfore Buying the Report: https://www.psmarketresearch.com/send- enquiry?enquiry-url=smart-parking-systems-market Therefore, with an exponential rise in the number of automobiles and traffic congestion in urban townships, the adoption of smart parking systems will surge in the coming years.

3. Market Segmentation by Parking Site Off-Street On-Street Market Segmentation by Technology Hardware Software Service Market Segmentation by End User Commercial Government Others Market Segmentation by Region North America Smart Parking Systems Market oBy parking site oBy technology oBy end user oBy country – U.S. and Canada Europe Smart Parking Systems Market oBy parking site oBy technology oBy end user oBy country – U.K., Germany, Spain, France, Italy, and rest of Europe APAC Smart Parking Systems Market oBy parking site oBy technology oBy end user oBy country – China, Japan, Australia, India, and rest of APAC RoW Smart Parking Systems Market oBy parking site oBy technology oBy end user oBy country – Mexico, Brazil, and Others This study covers Historical and the present size of the smart parking systems market Major factors driving the market and their impact during the short, medium, and long terms Market restraints and their impact during the short, medium, and long terms Recent trends and evolving opportunities for the market participants Historical and the present size of the market segments and understand their comparative future potential Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

4. Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders Major players operating in the market and their service offerings Recent strategic developments by the major players in the market 3 ©P&SIntelligence.Allrightsreserved

5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd.

6. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 4 ©P&SIntelligence.Allrightsreserved