Smart Parking Market Size, Emerging Technologies and Future Prospects 2022

February 22, 2021

Smart Parking Global Market – Overview

The world is facing increasing urbanization while technology has been incorporated by cities for many years. However, the pace at which this adoption takes place is increasing rapidly as disruptive digital technologies have the potential to solve major metropolitan challenges such as safe parking. Smart cities hold the promise to potentially make urban areas more efficient and more secure. Smart parking is the most adopted and fastest growing solution across the Airports, universities, shopping centers and city garages. The ability to connect, analyze and automate data gathered from devices, powered by and described as the Internet of Things, is what makes smart parking possible. It has the power to employ big number of small, cheap, and energy efficient sensors which collaboratively collect and process wide range of parameters such as temperature, sound, vibration, pressure, water quality, pollutants and many more in different industries.

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Key Players:
BMW Group (Germany), Robert Bosch GmbH (Germany), Valeo SA( France), Cubic Corporation (U.S.), Amco S.A.(Greece), Siemens AG, Xerox Corp.(U.S), Altiux Innovations(Bangalore), Continental AG (Germany ), CivicSmart, Inc.(U.S) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Smart Parking Market.

Global Smart Parking Market – Segmentation
The Global Smart Parking Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Parking Site : Comprises On-street and Off-street
Segmentation by Solutions : Comprises Security & Surveillance, Valet & Parking Reservation, and others
Segmentation by Application : Comprises transport transit, government, and commercial
Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

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