Smart Parking Systems Market Growing at 21.54% CAGR to 2022

According to the Smart Parking Systems Market report, the use of telematics for car parking and tracking will drive the market growth.

Smart parking systems aid the drivers in finding parking spaces. Sensors and smart parking meters track the occupancy of occupancy of parking spaces and send the information to drivers using their Internet of Things (IoT) devices.

The analysts forecast Global Smart Parking Systems Market to grow at a CAGR of 21.54% during the period 2018-2022. This report covers the present scenario and the growth prospects of the smart parking systems market. To calculate the market size, the report considers the growth generated by parking sites such as off-street and on-street.

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The market is divided into the following segments based on geography:
- Americas

The report, Global Smart Parking Systems Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
- IPS Group
- Libelium Comunicaciones Distribuidas
- Nedap
- Streetline
- TransCore

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Market driver - Use of telematics for car parking and tracking

Market challenge - High deployment cost

Market trend - Crowdsource parking intelligence

Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Contact Info:
Name: Hrishikesh Patwardhan
Email: Send Email
Organization: ReportsnReports

Release ID: 367422