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Global Smart Parking Market 2020 Trends, Market Share, Industry Size, Growth Rate, Opportunities and Forecast to 2027

Smart parking system is helpful to driver to find vacant spot and the system collects real time data through sensors installed in each parking space that enables detection of presence or absence of vehicles.

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Global Smart Parking Market 2020 Trends, Market Share, Industry Size, Growth Rate, Opportunities and Forecast to 2027

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  1. Smart Parking Market-Size, Business Analysis and Growth Rate Report In the report,Smart Parking Market has been analyzed through a segmental perspective. The market segmentation allows a deeper understanding of the market hotspots. Smart parking system is helpful to driver to find vacant spot and the system collects real time data through sensors installed in each parking space that enables detection of presence or absence of vehicles. This system directs drivers to available locations. This system is time saving, time-efficient, and convenient automation of parking facilities. Rise in number of vehicles across the globe and shrinking availability of on-street parking space are the key driving factors which are expected to boost the global smart parking market growth. Furthermore, increase in adoption of smart parking systems in parking garages, and multistoried parking facilities will have the positive impact on market growth. Moreover, rise in demand for integrated automated solutions with technological advancements will fuel the market growth during this forecast period. Get Sample Copy of this Report @ https://qualiketresearch.com/request-sample/Smart-Parking- Market/request-sample

  2. In addition to that, increase in demand for Internet of Things (IoT) and high adoption rate in number of vehicles will propel the market growth. However, high installation cost is the challenging factor for market which is expected to hamper the global smart parking market growth. Also, lack of awareness regarding advantages of smart parking systems in underdeveloped region will affect the market growth. Market Key Players Various key players are discussed in this report such as 3M Company, Cubic Corporation, Bosch, BMW Group, Siemens, Xerox Corporation, Kapsch TrafficCom AG, Swarco AG, Nortek Control Systems Ltd, and Amano Corporation. Market Taxonomy By Type •On-Street •Off-Street Ask for Customization @https://qualiketresearch.com/request-sample/Smart-Parking- Market/ask-for-customization By Technology •IoT •Ultrasonic •RFID By Application •Security & Surveillance •E-Parking •Smart Payment System

  3. •License Plate Recognition By End User •Government •Commercial By Region •North America •Latin America •Europe •Asia Pacific •Middle East & Africa Get discount on this report @ https://qualiketresearch.com/request-sample/Smart-Parking- Market/ask-for-discount

  4. Get in touch QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. Contact Person: Vishal Thakur Research Support Specialist QualiKet Research 6060 N Central Expy #500, TX 75204, U.S.A sales@qualiketresearch.com Website: https://qualiketresearch.com

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