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As per the latest report by IMARC Group, the global smart parking market size reached US$ 5.8 Billion in 2019.<br>A smart parking system integrates technology and human innovation to utilize fewer resources, such as time, fuel and space. It relies on sensors and cameras that are embedded in parking spots or positioned next to them for detecting whether parking bays are free or occupied.
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Global Smart Parking Market Research and Upcoming Forecast Report Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description GLOBAL Smart Parking Market Outlook: As per the latest report by IMARC Group, titled “Smart Parking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global smart parking market size reached US$ 5.8 Billion in 2019. A smart parking system integrates technology and human innovation to utilize fewer resources, such as time, fuel and space. It relies on sensors and cameras that are embedded in parking spots or positioned next to them for detecting whether parking bays are free or occupied. This data is then transmitted to a smart parking mobile application or website, which communicates the availability of parking to users. Nowadays, some companies are also offering other in-app information, such as parking prices and locations, which gives the user the possibility to explore every parking option available. Request Free Sample Report: https://www.imarcgroup.com/smart-parking-market/requestsample
Report Description and Highlights Report Description Global Smart Parking Market Trends : Owing to the continuously rising traffic congestion and scarcity of available space in urban parts of different countries, the demand for smart parking solutions has increased as they assist in saving time and minimizing the impact of traffic on the environment by reducing carbon emissions. Apart from this, governments of numerous countries are implementing stringent regulations to address rising environmental concerns. They are also undertaking smart city initiatives, which has further encouraged prominent players to design and develop a smart parking system using the latest technologies based on wireless sensor networks (WSN). Other factors that are anticipated to fuel the market growth are rapid urbanization, inflating income levels and the rising trend of smart homes around the world. Looking forward, the market value is projected to reach a strong growth during the forecast period (2021-2026).
Report Description and Highlights Report Description Market Summary: Breakup by System: • Guided • Smart park assist systems Breakup By Technology: • Ultrasonic sensors • Radar sensors • Image sensors • Internet of things Breakup By Component Type: • Hardware • Software • Services Breakup by Parking: • off-street • on-street parking
Report Description Report Description and Highlights Breakup by Solution: • Security and surveillance • valet and parking reservation • license plate recognition Breakup by Region: • North America • Asia Pacific • Europe • Latin America • Middle East and Africa Breakup By Vertical Type: • Government and municipalities • Commercial institutions • Corporate institutions • Transport facilities Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc.
Report Description and Highlights Report Description Competitive Landscape with Key Player: • Valeo S.A. •Continental AG • Robert Bosch GmbH •Kapsch TrafficCom AG •Cubic Corporation •TKH Group • Streetline Inc. •Cisco Systems, Inc. • ParkMe, Inc. •URBIOTICA • SKIDATA AG • Amano McGann Inc. •SWARCO AG •Smart Parking Ltd. • Nedap N.V. View Full Customization Report with TOC and List of figure : https://www.imarcgroup.com/smart- parking-market
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