Air Sea Logistics & Automotive Transportation News

Smart parking market is spurred by efficiency in managing empty and filled spaces illuminated by new report

Automotive and Transportation Market Research

Smart Parking Market: Escalating Vehicle Densities Will Propel The Growth Of Smart Parking Solutions.

Smart parking system can be described as a vehicle parking system that helps drivers to find parking space. The Smart Parking Market consists of smart parking meters and sensor apps.

A mobile phone automated system allows a driver to get a parking space in advance by payment through his credit card.

Sensors of the smart parking technology can give information about the parking space to the driver through his smartphone app.

It can ease traffic congestion and manage the demand of parking. The growth of the Smart Parking Market can be attributed to the lack of parking spaces and growing automobile volumes.

Browse Full Report @…earch-report-2017

Scope & Regional Forecast of the Smart Parking Market

The Smart Parking Market will have a healthy growth owing to factors like information about the ability of the space in desired locations which saves energy, fuel, and time. Smart parking solutions can search for a parking spot for the driver.

It efficiently manages empty and filled spaces.

Increasing technological advancements and high investments for development of smart cities will lead to the growth of the Smart Parking Market. Problems related to accuracy of space availability data will hamper the growth of smart parking management system.

The commercial sector will have a good growth in the Smart Parking Market due to increasing tourist attractions museums, theaters, shopping malls,. convenience of mobile payments will propel the growth of the smart car park system.

High investment in the smart parking lot system will lead to the growth of the government sector.

Increasing traffic congestion in North America has led to more demand for the Smart Parking Market. Asia Pacific will have a significant growth of smart park locations due to increasing automobile sales in China and India.

Avail Sample PDF Brochure @…php?id=9dime20593

Segmentations & Key Players Involved in the Smart Parking Market

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

  • Region- North America, Europe, and Asia Pacific.

Some of the key players involved in the Smart Parking Market are as follows:

  • Cubic Corporation
  • Amano Corporation
  • Thales
  • Nortek Control Systems Ltd
  • Xerox Corporation

Access this Report @

News From

Market Intel Reports - Market Research Firm, Analysis and ForecastMarket Intel Reports
Category: Market Research Publishers and RetailersCompany about: MarketIntelReports (MIR) aim to empower our clients to successfully manage and outperform in their business decisions, we do this by providing Premium Market Intelligence, Strategic Insights and Databases from a range of Global Publishers. MarketIntelReports currently has more than 10,000 plus titles and 35+ publishers on our platform and growing consistently to fill the “Global Intelligence Demand – Supply Gap”. We cover more than 15 industry verticals being: Automotive, Electronics, Manufactu ...
This email address is being protected from spambots. You need JavaScript enabled to view it.

For more information:

Make an Inquiry about this report HERE!