Parking Intelligence Accelerates: Global Smart Parking Market Poised to Reach USD 20.15 Billion by 2030, Fueled by an 18.35% CAGR in the Forecast Period 2023-2030

The utilization of market research reports has become indispensable for businesses, serving as a catalyst for informed decision-making, revenue amplification, prioritization of market objectives, and the fostering of profitable ventures. Within this Smart Parking report, meticulous research and analysis consistently furnish businesses with a comprehensive understanding of existing market landscapes, anticipated market trends, competitive dynamics, and strategies to surpass rivals. Forecasts regarding the fluctuation of the CAGR value over a specific period, and identification of market drivers, limitations, and competitive strategies are diligently assessed in the Smart Parking market report.

This comprehensive global market research report offers a panoramic overview of the market, encompassing diverse facets such as product definitions, segmentation based on varied parameters, and the prevailing vendor terrain. Smart Parking's business-centric market research report not only ensures market awareness but also provides a holistic perspective. It furnishes market potential for each geographical region, evaluating growth rates, macroeconomic indicators, consumer preferences, purchasing patterns, and prevailing supply-demand scenarios.

In essence, the Smart Parking market report stands as a credible source of market intelligence, empowering businesses with insightful decision-making tools and the formulation of robust business strategies.

Data Bridge Market Research analyses that the global smart parking market, which was USD 5,315.26 million in 2022, is expected to reach USD 20,145.12 million by 2030, and is expected to undergo a CAGR of 18.35% during the forecast period 2023-2030. This indicates that the market value.

"Guided Park Assist" dominates the system type segment of the global smart parking market owing to the high demand for this type of systems. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

𝗧𝗼 𝗚𝗲𝘁 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝗽𝗼𝗿𝘁, 𝗩𝗶𝘀𝗶𝘁 @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-smart-parking-market

𝗗𝗿𝗶𝘃𝗲𝗿:

The Rise in Number of Vehicles

The rise in a number of vehicles leading to concerns regarding parking solutions is the main driving factor for the growth of the global smart parking market. The increase in government initiatives towards the management of traffic congestion has a positive impact on the market.

Need for City Administration

The surge in demand for smart parking systems to assist in city administrations to efficiently managed dispersed parking spaces while helping drivers to find parking spaces accelerate the market growth. The increase in the popularity of these systems as they deliver necessary flexibility and scalability drives the global smart parking market further.

Integrated Automated Solutions

The rise in the implementation of integrated automated solutions further influence the market. These solutions are combined with the advancements in wireless and digital payment technologies. Various technologies are used to implement these systems, such as data analytics, smart parking meters, Machine-to-Machine (M2M) communication, mobile applications and advanced sensors, among others.

𝗦𝗼𝗺𝗲 𝗸𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗺𝗲𝗻𝘁𝗶𝗼𝗻𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝗮𝗿𝗲:

Robert Bosch GmbH (Germany)

Continental AG (Germany)

Valeo (France)

Delphi Technologies (U.K.)

AISIN SEIKI Co. Ltd. (Japan)

Siemens (Germany)

Cubic Corporation (U.S.)

Amano Corporation (Japan)

Kapsch TrafficCom AG (Austria)

AppyParking (U.K.)

Smart Parking (Australia)

TKH GROUP (Netherlands)

Nedap (Netherlands)

Urbiotica (Spain)

SWARCO (Austria)

KLAUS MULTIPARKING SYSTEMS PVT. LTD (India)

IPS Group Inc. (U.S.)

IEM SA (Switzerland)

Dongyang Menics Co. (South Korea)

Altiux Innovations (India)

Parkmobile LLC (U.S.)

ParkMe, Inc. (U.S.)

𝗞𝗲𝘆 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝘁𝗵𝗮𝘁 𝗦𝘁𝘂𝗱𝘆 𝗶𝘀 𝗴𝗼𝗶𝗻𝗴 𝘁𝗼 𝗽𝗿𝗼𝘃𝗶𝗱𝗲:

The 360-degree Smart Parking overview based on a global and regional level

Market Share & Sales Revenue by Key Players & Emerging Regional Players

A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]

May vary depending upon availability and feasibility of data with respect to Industry targeted

Patent Analysis** No of patents / Trademark filed in recent years.

A complete and useful guide for new market aspirants

Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations

Various Smart Parking industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.

𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

By System Type (Guided Park Assist, Smart Park Assist, On-Street and Off-Street), Component (Parking Sensors, Steering Angle Sensors, ECU and Display Unit), Sensor Technology (Ultrasonic Sensor, Radar Sensor, Image Sensor), Vertical (Government, Commercial), Solution (Security and Surveillance, Parking Reservation Management, Valet Parking Management, License Plate Recognition)

The countries covered in the Global Smart Parking Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

𝗧𝗮𝗯𝗹𝗲 𝗼𝗳 𝗖𝗼𝗻𝘁𝗲𝗻𝘁𝘀:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Key leading countries

Vendor Landscape

Vendor Analysis

Appendix

𝗧𝗼 𝗞𝗻𝗼𝘄 𝗠𝗼𝗿𝗲 𝗔𝗯𝗼𝘂𝘁 𝗧𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁, 𝗩𝗶𝘀𝗶𝘁 @ https://www.databridgemarketresearch.com/reports/global-smart-parking-market

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