Global Smart Parking Market by Type, Application, End-user, Region and Company – Forecast to…

first_img Facebook Local NewsBusiness Pinterest DUBLIN–(BUSINESS WIRE)–Jan 27, 2021– The “Smart Parking Market, Global Forecast by Type, Application, End-User, Regions, Company Analysis” report has been added to ResearchAndMarkets.com’s offering. According to the research analysis, the Global Smart Parking Market is expected to grow with double-digit CAGR and reach USD 12.7 billion by 2027. Globally, Vehicle parking lies at the intersection of mobility management as well as urban space. Over time, there were many generations which have offered numerous opportunities to the users. In recent years, parking generation provides basic automation that allows users to navigate the complete parking life cycle independently, for instance, knowing fee settlement, ticketing, parking, and parking occupancy status. The factor that is boosting this market is the growing adoption of integrated automated solutions coupled with wireless technologies’ advancements. The surging of digital payment technologies in the market is likely to contribute to the growth over the forecast period. However, high implementation cost and non-availability of supporting infrastructure are expected to hamper this market’s growth. As the global urban population has reached 7.5 billion in 2020, according to Census Bureau’s International; smart parking is playing a significant role in bringing about improvements in convenience, congestion, lower costs, urban mobility and the delivery of practical information and intelligence. Smart Parking technology’s adoption equips operators with the ability to deliver a wide range of additional services such as public broadband, safety video surveillance, air quality, and lighting control more efficiently, with new intelligent networks and greater automation via the Smart Spot network gateway products. The app included payment function features that alarm people when they get paid, allowing them to top up instantly. Key Topics Covered 1. Introduction 2. Research & Methodology 3. Executive Summary 4. Market Dynamics 4.1 Growth Driver 4.2 Challenges 5. Global Smart Parking Market 6. Market Share – Global Smart Parking Analysis 6.1 By Type 6.2 By Application 6.3 By End-user 6.4 By Regions 7. Type – Global Smart Parking Market 7.1 On-street 7.2 Off-street 8. Application – Global Smart Parking Market 8.1 Security & Surveillance 8.2 Smart Payment System 8.3 License Plate Recognition 8.4 Other Application 9. End-user – Global Smart Parking Market 9.1 Transport Facilities 9.2 Governments and Municipalities 9.3 Commercial Institutions 9.4 Corporate Institution 10. Regions – Global Smart Parking Market 10.1 North America 10.2 Europe 10.3 Asia Pacific 10.4 Middle East & Africa 10.5 Latin America 11. Mergers & Acquisitions 12. Company Analysis 12.1 ASSA ABLOY AB 12.1.1 Overview 12.1.2 Recent Developments 12.1.3 Revenue Analysis 12.2 Allegion PLC 12.2.1 Overview 12.2.2 Recent Developments 12.2.3 Revenue Analysis 12.3 Aisin Seiki Co. Ltd. 12.3.1 Overview 12.3.2 Recent Developments 12.3.3 Revenue Analysis 12.4 Siemens AG 12.4.1 Overview 12.4.2 Recent Developments 12.4.3 Revenue Analysis 12.5 Bosch 12.5.1 Overview 12.5.2 Recent Developments 12.5.3 Revenue Analysis For more information about this report visit https://www.researchandmarkets.com/r/d29lfh View source version on businesswire.com:https://www.businesswire.com/news/home/20210127005658/en/ CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY SOURCE: Research and Markets Copyright Business Wire 2021. PUB: 01/27/2021 10:37 AM/DISC: 01/27/2021 10:37 AM http://www.businesswire.com/news/home/20210127005658/en WhatsApp WhatsApp Global Smart Parking Market by Type, Application, End-user, Region and Company – Forecast to 2027 – ResearchAndMarkets.com Facebookcenter_img TAGS  Pinterest Twitter Previous articleXsolla Establishes New Games Industry Collective, Xsolla Diamond ClubNext articleFrance’s Sanofi to help rival Pfizer-BioNTech make vaccines Digital AIM Web Support Twitter By Digital AIM Web Support – January 27, 2021 last_img read more