The Global Smart Parking Systems Market to grow at a CAGR of 21.54% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The 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.
The crowdsourcing of parking intelligence will be a key trend for the growth of the market. The growing popularity of wireless communication infrastructure is influencing the usage of crowdsourcing for variety of mobile applications. These mobile-based crowdsourcing applications improve daily life and are equipped with a smartphone while being connected to wireless network.
According to the report, the use of telematics for car parking and tracking will drive the market growth. Telematics systems provide real-time information and predictive analysis to identify the routes with lesser traffic and availability of parking locations. Also, this system alerts the drivers to minimize the chances of collision.
Further, the report states that the high deployment costs will impact the market growth. Deployment of smart parking systems is expensive due to the inclusion of a lengthy procedure for catering to the exact requirements. Implementation of a complete on-premises or cloud-based parking technology is time taking and expensive.
- IPS Group
- Libelium Comunicaciones Distribuidas
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Customer Landscape
8. Market Segmentation by Parking Site
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
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