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Global smart parking system market to soar at a CAGR of +18% to 2022 examined in new market research report

Over the past few years, there has been a discernable shift in the smart parking industry. The early stages of smart parking projects were marked by several large, high profile deployments such as those in Moscow, San Francisco, and Los Angeles. Although these projects have demonstrated success in terms of reducing congestion, obtaining the necessary funding for similarly sized projects has proved challenging. Thus, while the quantity of projects has increased (particularly among smaller cities), the average project size has decreased. According to QYReports Research, the installed base of global on-street smart parking spaces is expected to reach +1.3 million by 2022.

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A deeper knowledge of the Global Smart Parking System Market could be attained through this report as the researchers have attempted to unveil important distributors and traders and vital factors such as market positioning and marketing channel. The report provides in depth study of “Smart Parking Systems” using SWOT analysis i.e.

Strength, Weakness, Opportunities and Threat to the organization. The report identifies the strength factors of the organization that will help organizations to acquire a prominent market share, to rectify where the organization is lacking or some hole which is creating glitches for development product.

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Look out for more opportunities in the market, get up to date to avoid any threats, competitors and substitutes.

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The report also includes a detailed overview of the competitive scenario and regulatory framework of the Global Smart Parking System Market. This will provide readers a clear understanding of the state of drivers, threats, major opportunities, and the major principles, guidelines, plans, and policies impacting the market.

The report provides both, qualitative and quantitative research of the Global Smart Parking System Market, as well as encompasses worthy insights into the rational scenario and favored improvement methods adopted by the key contenders.


Given the circumstances, growth perceived in the global market might shrink in the coming years. According to the report, the Global Smart Parking System Market, which mounted at US$XX mn in 2017, is anticipated to reach US$XX bn by the end of 2022.



Key Players

3M, Amano Corporation, Cubic Corporation, Theales, Kapsch TrafficCom AG, Fujica, Siemens, Swarco AG, Imtech, Xerox Corporation, Nortech Control System Limited.

Regions Covered:

United States





Southeast Asia

The Global Smart Parking System Market is a highly fragmented, niche market with the presence of a massive number of vendors. Providers in the market compete based on pricing, innovation, service, reputation, distribution, and promotion.

As the market is still in its development stage, small vendors with innovative solutions have the chances of being acquired by large players in the market.

Further, the key geographical segments of the global Smart Parking System market have been deliberated in the research study. The key factors that are enhancing the growth of the key segments have been offered in the study.

This research will give a clear idea to the readers about the overall market scenario to further decide on this market project. Also, unique market influences and managing criteria have been upheld in the report.

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The best thing about this determinate studying report is that the significance and presentation of this market have been ordered. A thorough study of the competitive landscape of the global Smart Parking System market have been given, presenting insights into the company profiles, financial status, recent developments, mergers and acquisitions, and the SWOT analysis.

The Smart Parking System market report examines this market on the basis of its market sections, major geographies, and present-day market patterns.

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Category: Market Research Publishers and RetailersCompany about: QYReports , a leading market research firm accommodate more than 4,000 celebrated clients worldwide putting them at advantage in today’s competitive world with our understanding of research. Our list of customers include prestigious Chinese companies,  multinational companies, SME's and private equity firms whom we have helped grow and sustain with our fact-based research. Our business study covers a market size of over 30 industries offering unfailing insights into analysis to reimagine yo ...
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