Smart Parking Market Size, Share and Forecast 2021-2027

 The global smart parking market is anticipated to grow considerably at a CAGR of 16.5% during the forecast period (2021-2027). The key companies across the globe are adopting different business strategies including expanding their technological advancements, geographic presence, R&D activities, new product approvals, mergers & acquisitions, partnerships, and collaborations to increase market share. Among these, technological advancements are one of the major factors that are propelling the growth of the market. 

To Request a Sample of our Report on Smart Parking Market:  https://www.omrglobal.com/request-sample/smart-parking-market

For instance, in May 2021, Sony Europe has announced that its IMX500 image sensors with AI processing functionality will be at the heart of three smart city experiments starting in June in Rome, Italy, with Envision. These are designed to reduce traffic-related pollution and accidents at pedestrian crossings in the city. Its main goal is to analyze and deploy a smart parking system based on the IMX500 to reduce pollution and bottlenecks caused by people looking for a parking spot. The pilot aims to assess the effectiveness of such a system, with drivers being notified via a smartphone app before being directed to the nearest available free parking place. 

 Further, In March 2021, Smart Parking Ltd. has announced the launch of an application named Tessera, which is designed to manage a smart parking site. This app is harnessing the power of SmartCloud platform technology, which delivers the solutions such as vehicle detection hardware, smart city building blocks, variable message signage, customizable parking guidance & payment app, and also proper management of any car parking.  The functions of the app include real-time, automatic alerts from in-ground sensors when a parking breach such as an overstay or nonpayment has occurred. Thus, the technological developments in smart parking solution by the major players for fulfilling the need of smart city project in the countries is fueling towards the growth of global smart parking market.

Market Coverage

·         The market number available for – 2020-2027

·         Base year- 2020

·         Forecast period- 2021-2027

Segment Covered- 

·         By Solution

·         By Parking Site

·         By Application

·         By Components

Regions Covered-

·         North America

·         Europe

·         Asia-Pacific

·         Rest of the World

·         Competitive Landscape- Robert Bosch GmbH, Valeo and Cisco, Bayerische Motoren Werke (BMW) AG, Siemens AG, 3M Co., Smart Parking Ltd., Nedap N.V., Altiux Innovations, Passport Labs, Inc., ParkMe, Inc., among others

(Get 15% Discount on Buying this Report)

A full Report of Smart Parking Market is Available at:  https://www.omrglobal.com/industry-reports/smart-parking-market

Recent Activities by the Major Players for the Growth of Global Smart Parking Market

·         In March 2021, EasryPark Group has announced the acquisition of Park Now Group to expand the coverage in digital parking. The Park Now Group operates in 11 countries under several brands, including RingGo in the UK and Park-line and Parkmobile in other countries. 

·         In December 2020, APT Skidata, one of the UK's leading parking solutions companies, has announced a new mobile-based digital solution to help owners and operators of single or multiple car parks improve operational efficiencies and financial returns.

·         In June 2020, with machine learning, automation, and data collection, Tata Elxsi announced that its new smart parking solutions Park By Memory and Parking Slot Detection can help Indian drivers save time and make the bother of parking their car much easier. Park By Memory (PBM) is a system that allows the driver to teach the car how to park in a confined parking area, such as a narrow street or a packed parking lot. Whereas, by recognizing slot lines and monitoring slot occupancy, Parking Slot Detection (PSD) supports the motorist in locating the availability of slots.

·         In December 2018, Siemens AG was selected as the technology partner of AUTOParkit to expand the company’s growth in automated parking garage systems. AUTOParkit is a fully automated parking system company established in the US. The company is providing a crucial parking option for commercial growth, which is being harmed by changes in the automobile transportation business and market pressure to reduce parking space allocated.

·         In November 2018, Valeo SA has announced a wide range of parking assistance systems to assist in protection from the car against accidents and incidental damage. The parking assistance systems include Valeo beep&park and Valeo park vision. 

Global Smart Parking Market Report Segment

By Solution

·         License/Registration Plate Recognition

·         Parking Reservation Management

·         Security and Surveillance

·         Valet Parking Management

By Parking Site

·         On-Street Parking

·         Off-Street Parking

By Application

·         Commercial

·         Government

·         Others (Airports, Personal)

By Components

·         Display Units

·         Parking Sensors

·         Steering Angle Sensors

·         Electronic Control Units

·         Others (Parking Meters, Electronic Billing)

Global Smart Parking Market Report Segment by Region

 North America

·         United States

·         Canada

Europe

·         UK

·         Germany

·         Spain

·         France

·         Italy

·         Rest of Europe

Asia-Pacific

·                     India

·                     China

·                     Japan

·                     South Korea

·                     Rest of APAC

Rest of the World

·                     Latin America 

·                     Middle East & Africa

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @   https://www.omrglobal.com/report-customization/smart-parking-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

Comments

Post a Comment

Popular posts from this blog

European Data Backup and Recovery Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

  European Data Backup and Recovery Market are expected to reach $5.7 billion in 2027, growing at a CAGR of 9.5% during the forecast period (2021-2027). Factors responsible for the growth of the market in Europe are well-developed telecommunication infrastructure, high internet penetration, high adoption of cloud-based devices among people and organization. Regulations regarding the data localization such as GDPR by the European Union and countries own data localization and protection act are providing growth to the market. Major economies which are expected to hold a considerable market are UK, Germany, France, Italy, and Spain. These economies are part of the European Union, which covers most of the continent. The aim of the European Union was to increase economic cooperation and encourage free trade among countries. To Request a Sample of our Report on European Data Backup and Recovery Market :   https://www.omrglobal.com/request-sample/european-data-backup-recovery-...
Read more

Insect Repellent Market Is Likely to Experience a Tremendous Growth by 2031

This informative Insect Repellent Market report provides new method and covers foremost regions such as Latin America, Middle East, North America, Europe, Africa and Asia Pacific. Making most out of the consumer insights and market opportunities, market players can boost up the revenue rate of their business. It also permits key organizations to make communication with customers and know their demands for making right investment in the product development. By increasing the product portfolio by referring the important market data provided in this Insect Repellent Market research report, key players can grow and expand their business forward. Continuously developing customer demands are also described in this global report to help new entrants make required changes in the final product launch and then bring into the market. It becomes easy for key players to prioritize the demands and requirements of target audience and have complete understanding of end-user experience with the help o...
Read more

Asia-Pacific Urban Air Mobility Market Growth, Size, Share, Industry Report and Forecast 2019-2025

The Asia-Pacific urban air mobility market is estimated to grow at a CAGR of 12.6% during the forecast period. The Asia-Pacific urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others whereas, the platform segment is further classified into air taxi, personal air vehicle, air ambulance, and others. The platform segment dominated the global urban air mobility market. To Request a Sample of our Report on Asia-Pacific Urban Air Mobility Market :   https://www.omrglobal.com/request-sample/asia-pacific-urban-air-mobility-market Asia-Pacific is home to several emerging economies and is seen as the potential market for the UAM owing to growing urbanization coupled with increasing traffic congestion and increasing high-income groups in the region. The growth of the As...
Read more