New Zealand markets open in 7 hours 21 minutes
  • NZX 50

    11,552.04
    +156.69 (+1.38%)
     
  • NZD/USD

    0.6229
    +0.0029 (+0.46%)
     
  • ALL ORDS

    7,480.70
    +38.70 (+0.52%)
     
  • OIL

    80.63
    +2.43 (+3.11%)
     
  • GOLD

    1,777.60
    +13.90 (+0.79%)
     

Smart Parking Solutions Market is expected to generate a revenue of USD 11.793 Billion by 2026, Globally, at 10.66% CAGR: Verified Market Research®

Verified Market Research
Verified Market Research

Rapid urbanization, a steady rise in the number of vehicles, and technological advancements in this segment are anticipated to drive the smart parking solution during the forecasted period.

Jersey City, New Jersey, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Smart Parking Solutions Market” By Type (System Devices, Parking Software, and Professional Services), By Application (Commercial Use, Residential Use, and Government Use), and By Geography.

As per the deep research carried out by Verified Market Research, the global Smart Parking Solutions Market was valued at USD 5.250 Billion in 2018 and is projected to reach USD 11.793 Billion by 2026, growing at a CAGR of 10.66 % from 2019 to 2026.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=10195

Browse in-depth TOC onSmart Parking Solutions Market

202 - Pages

126 – Tables

37 – Figures

Global Smart Parking Solutions Market Overview

Smart parking solutions are intended to provide drivers an ultimate solution on their journey from the beginning to the end. Smart parking is the most effective solution for parking space usage, improve efficiency in parking, and enable free traffic flow. It is the best approach to resolve parking issues like insufficient parking space in heavily populated areas, inefficient use of existing parking capacity, struggle to find an open parking slot in a large parking space, confusion in finding your vehicle in a large parking lot, traffic problems created due to poorly designed parking spaces and waste of time & fuel while searching other resources.

smart parking solution eliminates the need for guards that help find a parking spot and one who also collects tickets. Robust innovations are revolutionizing the parking experience. Innovations include wireless sensor-based technology, dynamic messaging, parking sensors, and administrative facilities for viewing data on parking, provision of real-time parking data to citizens, as well as the instant regulation of parking areas. There are certain restraints and challenges faced which can hinder the market growth. Factors such as non-availability of supporting infrastructure and higher implementation cost are likely to act as market restraints

Key Players

The major players in the market are Robert Bosch GmbH, Continental AG, Valeo S.A., Delphi Automotive PLC, Aisin Seiki Co., Ltd, Siemens AG, Xerox Corporation, Cubic Corporation, Amano Corporation, Kapsch Trafficcom AG.

Verified Market Research has segmented the Global Smart Parking Solutions Market On the basis of Type, Application, and Geography.

  • Smart Parking Solutions Market, By Type

    • System Devices

    • Parking Software

    • Professional Services

  • Smart Parking Solutions Market, By Application

    • Commercial Use

    • Residential Use

    • Government Use

  • Smart Parking Solutions Market, by Geography

    • North America

      • U.S

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • U.K

      • Rest of Europe

    • Asia Pacific

      • China

      • Japan

      • India

      • Rest of Asia Pacific

    • ROW

      • Middle East & Africa

      • Latin America

Browse Related Reports:

Automotive Electronic Parking Brake Market By Type (Electric-hydraulic Caliper System, Cable-pull System), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Sales Channel (OEM, Aftermarket), By Geography, And Forecast

Automotive Parking Sensors Market By Type (Reverse Parking Sensors, Front Parking Sensors), By Technology (Ultrasonic Sensors, Electromagnetic Sensors), By Vehicle Type (Passenger Cars and Commercial Vehicles), By End-User (OEM, Aftermarket), By Geography, And Forecast

Parking Management Market By Type (Solutions, Services), By Parking Site (On-Site Parking, Off-Site Parking), By Geography, And Forecast

Smart Transportation Market By Transportation Mode (Roadways, Railways, Airways, and Maritime), By Solution (Hybrid Ticketing Management, Parking Management & Guidance), By Services (Business, Professional, and Cloud) By Geography, And Forecast

Top 7 Parking Management Systems transforming megacities into smart cities

Visualize Smart Parking Solutions Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

CONTACT: Mr. Edwyne Fernandes Verified Market Research® US: +1 (650)-781-4080 UK: +44 (753)-715-0008 APAC: +61 (488)-85-9400 US Toll Free: +1 (800)-782-1768 Email: sales@verifiedmarketresearch.com Web: https://www.verifiedmarketresearch.com/ BI Enabled Platform: https://www.verifiedmarketresearch.com/vmintelligence/ Follow Us: LinkedIn | Twitter