World Industries Smart Parking System Market Growth Analysis, 2025
According to the global Smart Parking System Market report published by Value Market Research, the
market is expected to touch USD 9.6 BN by 2024, with a CAGR of 18% growing from USD 3 BN in 2017.
This is a tailored made research report providing informative data and various critical aspects of the
market such as market outlook, market share, growth, and trends. Further, the report also offers
evidence-based information that helps to transform clients business and achieve their business goals.
Moreover, the report also highlights the key strategy of top players. Additionally, this report covers a
wide spectrum of services such as the latest technology trend, market opportunity analysis, and
competitive landscape.
The report also covers detailed competitive landscape including company profiles of key players
operating in the global market. The key players in the smart parking system market include 3M, Amano
Corporation, BMW Group, Bosch, Cubic Corporation, Kapsch TrafficCom AG, Nortek Control Systems
Ltd., Siemens, Swarco AG, and Xerox Corporation. An in-depth view of the competitive outlook includes
future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new
product launches, new product developments and other developments with information in terms of
H.Q.
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Market Dynamics
Rising trend of adoption of IoT and machine-to-machine (M2M) devices is driving the market growth.
Increasing number of vehicles leading to high demand of vehicle parking management system is further
boosting the market demand. Owing to quick and accurate data regarding parking availability has
widened its application area in commercial infrastructures. Additional features such as online parking
payments and notifications regarding parking time and availability are again contributing majorly in
market demand.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using
numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain
analysis. These tools are employed to gain insights of the potential value of the market facilitating the
business strategists with the latest growth opportunities. Additionally, these tools also provide a
detailed analysis of each application/product segment in the global market of smart parking system.
Browse Global Smart Parking System Market Research Report with detailed TOC at:
https://www.valuemarketresearch.com/report/smart-parking-system-market
Market Segmentation
The broad smart parking system market has been sub-grouped into component, parking site and
vertical. The report studies these subsets with respect to the geographical segmentation. The strategists
can gain a detailed insight and devise appropriate strategies to target specific market. This detail will
lead to a focused approach leading to identification of better opportunities.
By Component
Hardware