Smart Parking Systems Market to Reach US$ 1099.4 Mn by 2025 |The Insi Smart Parking Systems Market | Page 3

Smart Parking Systems Market to 2025 The global Smart Parking Systems Market is anticipated to grow at a CAGR of 12.9% during the forecast period 2015 – 2025 and accounts for US$ 1099.4 Mn in the year 2025. Furthermore, the market is categorized into parking site, components, end-user industry and regions. The parking site segment comprises of off-site parking and on-site parking, where the off-street parking sites are predicted to capture the majority of market, due to increasing adoption of smart parking systems in commercial and corporate infrastructure. Smart parking systems comprises of three main components which are; Hardware, software and services the hardware components are anticipated to lead the components market during the forecast period. The end-user industry is fragmented into transport facilities, government and municipalities, commercial institutions and corporate institutions. The government and municipalities sectors is predicted to generate massive opportunities for the smart parking systems market. Request for Sample @ http://www.theinsightpartners.com/sample/TIPTE100000102 Contact Us : [phone]| E-Mail : [email protected]