Smart Parking Systems Global Market Synopsis, Trends and Developments, Applications, Y-o-Y Growth Analysis Forecasts to 2022

Smart Parking Systems Global Market Synopsis, Trends and Developments, Applications, Y-o-Y Growth Analysis Forecasts to 2022

“Smart Parking Systems Market”
WiseGuyReports.Com Publish a New Market Research Report On –“ Smart Parking Systems Global Market Synopsis, Trends and Developments, Applications, Y-o-Y Growth Analysis Forecasts to 2022”.

 

Smart Parking Systems Industry 2019

Description:-

The analysts forecast the Global Smart Parking Systems Market to grow at a CAGR of 21.54% during the period 2018-2022.

Smart parking systems aid the drivers in finding parking spaces. Sensors and smart parking meters track the occupancy of occupancy of parking spaces and send the information to drivers using their Internet of Things (IoT) devices. 

 

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Covered in this report 
The report covers the present scenario and the growth prospects of the smart parking systems market. To calculate the market size, the report considers the growth generated by parking sites such as off-street and on-street.

The market is divided into the following segments based on geography: 
• Americas 
• APAC 
• EMEA

The report, Global Smart Parking Systems Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors 
• IPS Group 
• Libelium Comunicaciones Distribuidas 
• Nedap 
• PARKEON 
• Streetline 
• TransCore

Market driver 
• Use of telematics for car parking and tracking 
• For a full, detailed list, view our report

Market challenge 
• High deployment cost 
• For a full, detailed list, view our report

Market trend 
• Crowdsource parking intelligence 
• For a full, detailed list, view our report

Key questions answered in this report 
• What will the market size be in 2022 and what will the growth rate be? 
• What are the key market trends? 
• What is driving this market? 
• What are the challenges to market growth? 
• Who are the key vendors in this market space? 
• What are the market opportunities and threats faced by the key vendors? 
• What are the strengths and weaknesses of the key vendors?

 

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The automotive sector is so dynamic and vast that had it been a country, it would have been among the largest economies of the world. Employing millions of people across the globe, it accounts for the employment of a significant percentage of the global population. Rigorous experiments have turned ideas into reality, which are entering the mainstream as automotive products at a fast pace. The wave of unprecedented change offers the automotive sector with a bunch of opportunities which has shaped the sector in a better way than it was five years ago. Currently, automotive commitment revolves around enhanced safety, reduced carbon emissions, more efficient engines, cleaner automobiles, and cleaner environment.

Technological advancements and the automotive sector have become synonymous. The automotive industry has worked hand-in-hand with major technology giants to deliver more advanced, safe, and comfortable vehicles. Semi-autonomous capabilities, sensors, cameras, mapping technology that can monitor bind spots, self-parking functionalities, and adaptive cruise control, automatic barking sensors, and various other technologies are customizing driving experiences. The use of artificial intelligence (AI) and machine learning (ML) have also become predominant in automobiles, which is likely to disrupt the future of the industry.

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