Strategic Focus on Smart Parking Systems 2020 -2025

-

 

Get Sample PDF

In the present scenario, world is facing critical issues of traffic cramming with a significant rise in the vehicle population and congestion in cities, and this has become an ongoing challenge for municipal councils and the traffic authorities to track and manage vehicular traffic. Numerous efforts have been made to improve country’s parking and traffic management systems. A number of private-public joint initiatives such as ParkIndy, SFpark and LA Express Park have adopted and implemented smart parking in order to effectively utilize unused parking spaces. These make use of real-time, smart, sensor-based parking information. Smart parking solutions such as online parking reservations, and mobile parking payment are expected to boost the smart parking systems market worldwide during the forecast period. In the coming years, P2P parking might generate new opportunities globally for myriad commercial parking lots, garages and residents to rent out their parking spaces with the aid of online marketplaces like ParkingPanda, JustPark, ParkMe and the social media.

The global Smart Parking Systems Market is anticipated to grow at a CAGR of 12.9% during the forecast period 2015 – 2025 and accounts for US$ 1099.4 Mn in the year 2025. Furthermore, the market is categorized into parking site, components, end-user industry and regions. The parking site segment comprises of off-site parking and on-site parking, where the off-street parking sites are predicted to capture the majority of market, due to increasing adoption of smart parking systems in commercial and corporate infrastructure. Smart parking systems comprises of three main components which are; Hardware, software and services the hardware components are anticipated to lead the components market during the forecast period. The end-user industry is fragmented into transport facilities, government and municipalities, commercial institutions and corporate institutions. The government and municipalities sectors is predicted to generate massive opportunities for the smart parking systems market.


Get Sample PDF



Comments

Post a Comment

Popular posts from this blog

What will AI-powered Storage be able to do in the future?

-
Image
The AI-powered storage is anticipated to register decent growth in the forecast period owing to driving factors such as growth in data volumes coupled with increasing adoption of cloud-based services. Also, increasing demand for artificial intelligence in high performance computing data centers is influencing the market growth. However, data-security concerns associated with cloud and server-based services may hamper the growth of the AI-powered storage market during the forecast period. On the other hand, cross-industry partnerships and collaborations offer lucrative opportunities for the market players in the coming years. Get Sample PDF The "Global AI-powered Storage Analysis to 2027" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of AI-powered storage market with detailed market segmentation by offering, storage medium, storage sy...
Read more

Huge Demand for Spreadsheet Software

-
Image
  Get Sample PDF Spreadsheet software is the tool that organizes, catalogs, and maintains the data in easy-to-understand graphs and charts. This software collects data that can be used for analysis, real-time collaboration, and visual representations. Thereby, the rising use of this software by individuals and enterprises drives the growth of the spreadsheet software market growth over the forecast period. Spreadsheet software provides management solutions that can be integrated into development teams, marketing, accounting, etc. Thus, a wide range of this application among various departments across the industries is booming the demand for spreadsheet software market growth. However, the availability of an open-source tool is the key hindering factor for the spreadsheet software market growth. Moreover, an increase in the number of small and medium-sized enterprises across the globe and growing deployment of cloud-based deployment owing to its cost-effective solution is expected t...
Read more

For knowing more Luxury Goods

-
Image
  Luxury goods include designer apparels, ornaments, and other expensive merchandises that are typically accessible to the wealthy and often indicate status. The global luxury goods market is expected to reach $428,509 million by 2022, registering a CAGR of 3.8% during the forecast period. Get PDF Brochure The rise in disposable income has elevated the consumer lifestyle and shifted their preference towards deluxe cosmetics products. Moreover, the escalation in demand for luxury accessories and jewelry due to unique craftsmanship, refinement, quality, and brand name, further fuel the market. In addition, upgradation in product packaging styles and attractive marketing strategies by key players drive this market. However, currency depreciation, increased prices of raw materials, and economic turbulence in some developed countries could hamper the market growth. This market is segmented on the basis of product type, mode of sale, gender, and geography. The product type segment includ...
Read more