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Smart Parking Systems Market Confident That Widespread Adoption of IoT Technology Will Change The Face Of Urban Parking - IndustryARC Research

(March 18, 2017)

Hyderabad, India, March 18, 2017 (GLOBE NEWSWIRE) -- The report ?Smart Parking Systems Market: By End User (Residential, Commercial, On-Road), By products/services (AGV systems, Crane Systems, Puzzle Systems, RGC Systems, Shuttle systems, Silo Systems, Tower Systems, Others) Forecast to 2021, published by IndustryARC, estimates that Asia-Pacific and South America will register high growth rates during the forecast period.

Browse 20 Market Tables, 50 Figures spread through 165 Pages and an in-depth TOC on ?Smart Parking Systems Market 2016 2021

Scope & Regional Forecast of the Smart Parking Systems Market

Smart parking systems provide the real time parking information which primarily assists in finding the parking spaces easily. These systems are primarily gaining the popularity for the parking in the multi-level parking lots of commercial complexes along with the on-road and off-road parking. Increasing demand for the efficient and accessible parking systems for the conservation of time and vehicle emission in search of parking slots have been escalating the need of these systems in the recent years.

Increasing number of vehicle production coupled with the increasing penetration of advanced driver assisting systems in automotive by automotive OEMs to sustain in competition has been significantly boosting the market growth from the recent past. The major drivers of this smart parking system market is due to management or utilizing technology which helps respective person to easily identify the space available for his vehicle parking. In addition, Smart parking solutions such as online parking reservations and mobile parking payment are expected to boost the smart parking systems market across the globe over the forecast period. The industry is projected to gain momentum owing to inclusion of sophisticated features such as voice guidance and auto-payment options enabled through smartphone and wearable device applications in the coming years.

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Prominent Segmentations Involved in the Smart Parking Systems Market

The Smart Parking Systems Market can be broken down into various segmentations on the basis of -

  • Product: Automatic Guided Vehicle Systems, Crane Systems, Puzzle Systems, Rail Guided Cart Systems, Shuttle Systems, Silo Systems, Tower Systems and Others.
  • Services: Automatic Payment/Ticketing, Prescriptive services, Visual Analytics, Data Management, Parking Enforcements and Others.
  • End User: Residential, Commercial, On-Road Parking and Off-Road Parking.
  • Geographical Location: North America, Europe, Asia-Pacific and Rest of the World.

Some of the sample companies profiled in the Smart Parking Systems Market report are as follows:

  • Prodapt Solutions 
  • IPS Group, Inc.
  • ParkSmart s.r.l. 
  • Amano McGann, Inc.
  • Bayerische Motoren Werke (BMW Group)
  • Bosch GmbH
  • Cisco Systems Pvt. Limited
  • Deteq solutions Limited

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Why buy this report?

  • Get a detailed picture of the Smart Parking Systems Market.
  • Pinpoint growth sectors and identify factors driving change.
  • Understand the competitive environment, the markets major players and leading brands.
  • A five-year forecast method is used in order to assess how the market is predicted to develop.

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Browse Related Reports:

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Parking Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

About IndustryARC:

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