A combination of various approaches to zero down on the market size, market shares and growth rates of the global smart parking market were used. The segment revenues, differences in growth rates and the driving and restraining factors were found out by conducting drilling secondary research. Few estimates based on the analysis of the researcher were also validated through primary interviews. Few experts in the domain of smart parking systems were approached to conduct primaries and based on their views and analysis of the researcher, the entire report was jotted down. —
According to the new Market research study published by The Insight Partners, the global Smart Parking Systems Market was valued at US$ 66.16 Mn in 2015 and is estimated to reach US$ 415.25 Mn by 2025. The report highlights the trends prevalent in the global market and the factors driving the market along with those that act as deterrents to its growth.
Complete report is available at http://www.theinsightpartners.com/reports/smart-parking-systems-market
The global smart parking systems market is segmented on the basis of parking site, components, end-user industry and regions. By parking site, the global smart parking systems is segmented as on-site parking and off-site parking. Hardware, software and services constitute the components segment of the global smart parking systems market. In terms of the end-user industry this market has been segmented into transport facilities, government and municipalities, commercial institutions and corporate institutions.
Geographically, this market has been segmented into the following regions, North America Europe, APAC, Middle East and Africa and South America. Geographically, North America leads the Smart Parking systems market but it is expected to lose its dominance to APAC during the forecast period. High growth rate in the APAC countries especially India and China are propelling the growth of this market.
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The key drivers for this market include development of IoT in industrial things, switching of municipalities, rise in the urban populations and the need for scalable and efficient parking system that saves a lot of time of the customers. Along with the above mentioned drivers, bundled services are also fuelling the growth of this industry.
Smart parking systems is propelled significantly by the off-street parking segment. Research shows there would be significant adoptions in this segment as this type would be beneficial for consumers a lot. However, high initial costs is the point that is expected to restrict the growth of this market.
The report provides deep insights on the growth rates, market shares, market drivers and restraints and the opportunities for market players in the future. Few key market players have also been profiled in the report. The profiling of the market players provides their financial information about revenues as well as segment revenues, a competitive SWOT analysis for each player and the recent developments by the player in the SaaS domain. The key developments are related to the mergers and acquisitions by the players in the recent past.
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Some of the key points covered in the report:
• Smart Parking Systems Market Landscape
• Smart Parking Systems Market – Key Industry Dynamics
• Smart Parking Systems Market Five Forces Analysis
• Smart Parking Systems Market Sales Revenue to 2025
• Smart Parking Systems Market Analysis – Parking Site
• Smart Parking Systems Market Analysis – Components
• Smart Parking Systems Market Analysis – End-user Industry
• Smart Parking Systems Market – Geographical Analysis
• Smart Parking Systems Market, Key Company Profiles
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
Name: Sameer Joshi
Email: Send Email
Organization: The Insight Partners
Address: Pune, India
Release ID: 203026