Advancements in internet of things technology is opening gateways to new opportunities for smart parking solution developers to explore. Innovations in ubiquitous computing coupled with the developments in cloud platforms are opening up new avenues for smart parking solutions companies to venture into. The rising popularity of data-driven operations and the benefits associated with it are causing an increase in the adoption of parking software around the world.
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According to a recent Fact.MR study, the smart parking solutions market was valued at over US$ 3.3 Bn in 2018. IoT proliferation, coupled with the strengthening wireless infrastructure around the globe continues to uphold demand for system devices in the smart parking solutions market. The system devices segment of the smart solutions market is expected to be valued at over US$ 1.4 Bn in 2019. Demand for parking software is anticipated to closely follow the suit of system devices.
The Smart Parking Solutions market study outlines the key regions – North America, Latin America, Europe, Japan, APEJ, and MEA – alongwith the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Scheidt & Bachmann GmbH, DESIGNA Verkehrsleittechnik GmbH, Cubic Corporation, ABM Industries Incorporated, TIBA Parking, WPS Parking System BV, Kudelski SA, and SWARCO AG.
The Smart Parking Solutions market report addresses the below-mentioned queries:
• Why are vendors shifting away from traditional methods of manufacturing Smart Parking Solutions?
• How does the global Smart Parking Solutions market looks like in the next five years?
• Which end use industry is expected to surpass segment by the end of 2028?
• What innovative products are being introduced by the players in the global Smart Parking Solutions market?
• Which regions are showing the fastest market growth?
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On the basis of System Component & Services:
• Parking Software
• System Devices
• Professional Services
On the basis of end use, the Smart Parking Solutions market study incorporates:
• Government and Municipalities
• Corporate and Commercial Parks
• Commercial Institutions
Crucial insights in the Smart Parking Solutions market research:
• Underlying macro- and microeconomic factors impacting the growth of the Smart Parking Solutions market.
• Basic overview of the Smart Parking Solutions, including market definition, classification, and applications.
• Scrutinization of each Smart Parking Solutions market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend of Smart Parking Solutions across various industries.
• Important regions and countries offering lucrative opportunities to Smart Parking Solutions market stakeholders.
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