LONDON--(BUSINESS WIRE)--Technavio has announced its newest market research report on the global smart parking market for the period 2018-2022, providing the latest cutting-edge insights on this popular market.
The report will follow up on Technavio’s previous smart parking research. The report will showcase the latest drivers, key trends, and challenges impacting the growth of the market, including the top players and the changing competitive scenario.
The updated research report on the global smart parking market is an integral part of Technavio’s machine to machine (M2M) and connected devices portfolio. It is used for remote monitoring and is a crucial part of warehouse management, robotics, logistics services, and supply chain management. Some of the topics covered in this sector include mobile mapping, intelligent transport system, satellite-based earth observation, and RTLS.
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Smart parking: market opportunities
Smart parking is a vehicle stopping framework that enables drivers to discover a parking spot. It comprises of sensors, applications, keen stopping meters, and cell phone mechanized installment frameworks that enable drivers to save time by paying before parking with credit card or cash.
In the previous report, a senior analyst at Technavio stated, “Sensors and smart parking meters track the empty parking spots and pass on the data to the drivers through their cell phone application. These sensors additionally give direction to drivers. Smart parking helps in reducing traffic congestion, car emissions, and in managing demand and supply of parking.”
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Topics covered in the previous report include the following:
- Market drivers
- Market challenges
- Market trends
- Competitive landscape
- And more
With the previous research as a starting point, Technavio’s new report will re-evaluate the market with an eye for latest developments in the field of smart parking, as well as the change in market dynamics and entry of new competitions.
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