smart parking platform market

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smart parking platform market Research Report By
Forecast 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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smart parking platform market Forecast To 2023
smart parking platform market Forecast To 2023
The global smart parking platform market is
expected to exhibit a robust 18 CAGR over the
forecast period from 2017 to 2023, according to
the latest research report from Market Research
Future (MRFR). The global smart parking platform
market is mainly driven by the increasing
investment by private investors in smart parking
projects, as these have emerged as a highly
profitable venture in todays rapidly urbanizing
world. The research report projects the global
smart parking platform market to reach a
valuation of USD 2,134 million by 2023. The
report presents a detailed historical analysis of
the global smart parking platform market,
providing a review on the leading drivers and
restraints for the market as well as the major
players operating in the market.
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smart parking platform market Forecast To 2023
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on Internet of
smart parking platform market Forecast To 2023

• The demand from the smart parking platform market
  is mainly driven by the increasing number of
  vehicles on the road in developed as well as
  developing countries. Smart parking systems allow
  drivers to find a parking spot in advance and
  also pay for it in advance using ecommerce tools
  from their phone or in-car ecommerce portal. The
  convenience of this systems is particularly felt
  in the increasingly congested city centers in
  developed countries such as the UK, the U.S., and
  France. As the major commercial and financial
  avenues in a city are usually located in the city
  center, the number of vehicles coming into the
  city center everyday is quite high. This has
  caused parking and traffic congestion problems in
  developed countries, leading to a growing demand
  for solutions such as hybrid smart parking
  platforms.

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smart parking platform market Forecast To 2023
Global smart parking platform market Segmented on
the basis of
The global smart parking platform market is
segmented on the basis of component, parking
type, solution, application, and region. By
component, the global smart parking platform
market is segmented into hardware, software, and
services. By parking type, the global smart
parking platform market is segmented into
on-street and off-street parking. Off-street
parking, which comprises the construction of
buildings specifically intended to be used as
parking space, is likely to be the more popular
option in the global smart parking platform
market over the forecast period, as on-street
parking may not solve the problem of congestion
in some locations.
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smart parking platform market Forecast To 2023
Global smart parking platform market -
Geographical Analysis
North America is likely to dominate the global
smart parking platform market over the forecast
period due to the widespread awareness about
smart parking systems in the region and the
increasing demand for effective smart parking
systems in cities in the U.S. Europe holds the
second largest share in the global smart parking
platform market and is likely to grow at a stable
growth rate over the forecast period. Asia
Pacific is expected to exhibit the highest growth
rate over the forecast period due to the
increasing urbanization in Asia Pacific, which
has resulted in an increasing volume of urban
commuters driving into cities every day,
resulting in increasing traffic congestion
problems.
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smart parking platform market Forecast To 2023
Global smart parking platform market -
Competitive Analysis

• Leading players in the global smart parking
  platform market include Robert Bosch GmbH, Acer
  Inc., Huawei Technologies Co. Ltd., Siemens AG,
  NuPark, Kapsch TrafficCom AG, IPS Group Inc.,
  Tata Elxsi, Libelium, and Streetline.
• In July 2019, ParkMobile launched a new smart
  parking facility in Montgomery, AL.

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om/reports/hybrid-smart-parking-platform-market-42
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