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Global Smart Parking Market Forecast and Industry Analysis

New York (USA) – Key companies covered in the global smart parking market study are Amano McGann, Inc., BMW AG (ParkNow GmbH, Parkmobile LLC), CivicSmart, Inc., Continental AG, Dongyang Menics Co., Ltd., IEM SA, IPS Group Inc., Klaus Multiparking Systems, ParkMe Inc., Robert Bosch GmbH, Siemens AG, Smart Parking Limited, Swarco AG, TKH Group-Park Assist., Urbiotica, SL and others key market players.

The global smart parking market will reach $22.29 billion by 2030, growing 16.9% annually over the period 2020-2030driven by the limited pace of traffic flow due to increasing traffic congestion, growing need for efficient land use and proper parking management, and technological advancements in digital and based on IoT.

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Highlighted with 87 tables and 102 figures, this 184-page report Global Smart Parking Market 2020-2030 by Component (Hardware, Software, Service), System (Guided, Smart), Parking Type (Off-Street, On-Street ), Solution, Technology (Ultrasonic, Image, Radar, RFID, IoT), Vehicle Type, End User (Commercial, Government, Residential) and Region: Forecasting trends and growth opportunities are based on in-depth industry research. the entire Global Smart Parking Market and all its sub-segments through highly detailed classifications.

In-depth analyzes and assessments are generated from premium primary and secondary information sources with input from industry professionals across the value chain. The report is based on studies from 2017-2019 and provides an estimate for 2020 and a forecast from 2021 to 2030 with 2019 as the base year (the year 2020 is not appropriate for the research base due to the COVID-19 outbreak).

In-depth qualitative analyzes include the identification and investigation of the following aspects:
Market structure
Growth engines
Constraints and challenges
Emerging Product Trends and Market Opportunities
Porters Fiver Forces

The global market trend and outlook is forecasted in an optimistic, balanced and conservative view considering COVID-19. The balanced (most probable) projection is used to quantify the global Smart Parking market in all aspects of classification from the perspective of component, system, parking type, solution, technology, type vehicle, end user and region.

o Wireless pucks/sensors
o Cameras and LPRs
o Smart meters
o Signage
o Parking barriers
o Other material
o Parking guidance system
o Analysis solutions
oAdvice service
o Engineering department
o Parking service on mobile application

System based
Guided parking assistance system
Intelligent parking assistance system

Based on parking type
Off-street parking
Street parking

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Security Monitoring
Smart payment systems
Parking reservation and valet service
license plate recognition

By technology
Ultrasonic sensors
Image sensors
Radar sensors
Radio Frequency Identification (RFID)
Internet of Things (IoT)
Other technologies

By type of vehicle
Particular Cars
Light commercial vehicles
Heavy duty vehicles

Per end user
Commercial sector
Government and public sector
Residential sector

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark and Finland)
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, and Vietnam


Market definition and overview
Research method and logic
Market competition analysis
Analysis of products and services
Strategies for the business to deal with the impact of COVID-19
Market Segment by Type, Historical Data and Market Forecast
Market Segment by Application, Historical Data and Market Forecast
Market by region, historical data and market forecast
Dynamic market analysis and development suggestions

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Following are the market factors covered in this report:

Key questions addressed in the report:

Investigate the effects of the COVID 19 outbreak.
Our researchers provide precise answers, identify significant opportunities and new investments, and suggest excellent avenues for market strategy.

These responses will include a comprehensive review of the following:

Current market infrastructures
Market opportunities and challenges
Future growth potential in specific industries
Key geographic and market segments to target, and end-user target groups and their potential operational volumes
Representing and dispatching value chain opportunities
Market size and growth rate throughout the forecast period.
The main drivers of the market
Major market trends are hampering the expansion of the market.
Obstacles to market expansion.
The best merchants on the market.
In-depth SWOT analysis
Threats and opportunities faced by the current vendors in the global market.
Trending factors that affect the markets in different regions.
Initiatives with a strategic focus on the best suppliers.
PEST study of the five main market regions.

Here, the report offers details about import and export, production, revenue, and major players in all the regions examined. It covers important manufacturers, important market segments, range of products offered in the global market, years are considered and research objectives.

It also discusses segmentation analysis based on product type and application presented in the report. Major studies, market growth rate, competitive environment, market drivers, trends, concerns, and macro indicators are all summarized. The report studies the SWOT analysis of each player profiled in this section, their products, production, value, capacity and other crucial criteria.

Answers to key questions in the market report

What will be the market size in 2030 and what will be the growth rate?
What are the key trends that are positively impacting market growth?
What growth strategies are the players considering to stay in the market?
Which regional market will impose itself as a pioneer in the years to come?
Which application segment will experience strong growth?
Who are the major vendors in this market space?
What are the market opportunities and threats faced by the major vendors?
What are the strengths and weaknesses of the main suppliers?

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