Real time parking system Market Report Analysis And Market Insights For Highly Profitable Investment Decision: Industry Outlook By 2029
Real time parking system Market report puts light on several factors such as Market size in various countries around the world, projected CAGR of the Market to grow in the forecast period 2022-2029, base year calculated in the report, key factors driving the market, most influencing segment growing in the market, top companies that hold the Market share in the market, region to provide more business opportunities in the coming years and more. This business document delivers the best analytics through exhaustive research methodologies. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the Market opportunities have also been discussed in the realistic Real time parking system Market report.
In a global economy, a significant change in the industry makes it essential for professionals to keep themselves updated with the recent Market situations. Real time parking system Market research report aims of helping them to take prominent decisions. Such report not only guides to different individuals, industries, associations, and organizations but also to management consultants, investment bankers, distributors, suppliers, and regulatory authorities. With the Market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the Market in each region. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study.
Data Bridge Market Research analyses that the real time parking system market was valued at USD 5,863.80 million in 2021 and is expected to reach USD 25,381.85 million by 2029, registering a CAGR of 20.10 % during the forecast period of 2022 to 2029.
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Key Players Mentioned in the Real time parking system Market Research Report:
Streetline. (U.S.), Smart Parking (Australia), Amano Corporation (Japan), Kapsch TrafficCom AG (Austria), INRIX (U.S.), SWARCO (Austria), Siemens (Germany), Cubic Corporation (U.S.), AppyParking (U.K.), TKH GROUP (Netherlands), 3M (U.S.), Parknav (U.S.), Thales Group (France), KLAUS MULTIPARKING SYSTEMS PVT. LTD (India), IPS Group Inc. (U.S.), IEM SA (Switzerland), Dongyang Menics Co. (South Korea), Altiux Innovations (India), Parkmobile LLC (U.S.), ParkMe, Inc. (U.S.),
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Benefits:
- This research offers a comprehensive analysis of current trends, projections, and dynamics for the years, with the goal of assisting in the identification of current market opportunities.
- The individual market revenue of the major countries in each area is mapped.
- The research examines the Real time parking system market circumstances on a regional and country-by-country basis.
- The Real time parking system market’s major participants have been identified.
- To understand the competitive environment across geographies, this study assesses the competitive landscape and conducts a value chain analysis.
- An in-depth analysis of the Real time parking system market’s segmentation within the market has been offered, which is predicted to aid in the current market opportunities.
Global Real Time Parking System Market Dynamics
Drivers
Rising adoption of real time parking system
Real time parking system is widely used in several applications such as heavy commercial vehicle, light commercial vehicle, passenger vehicle, transport, and other due to advanced and improved feature such as indication of available space on the alert system by using smart parking technology. This is one of the major factors which is expected to drive the growth of the real time parking system market.
Increase in Number of Vehicles
The continuous upsurge in the number of vehicles sold and produced globally has become a major aspect which is causing parking concerns in urban cities. So, the concern regarding the parking solutions is the major factor which are expected to drive the growth of the real time parking system market.
Increasing demand of real time parking system from different areas
The adoption of an effective real-time parking system increases due to increased demand for these systems, which is expected to arise from several areas such as commercial parking garages, universities, on-street municipal, airport, hospital, mall parking and other event avenues. The strong integration of these real time parking systems is opening new avenues for the users and manufacturers which are expected to drive the market growth rate.
Furthermore, growing prevalence of limited parking spaces, rising demand of those system which provide transit connections, parking spot prices, spot guidance, increasing need of real time information on the availability of parking in specific location are some of the major and impactful factors which are likely to accelerate the growth of the real time parking system market in the forecast period of 2022-2029.
Opportunities
Growing adoption of advanced technology
The significant growth of real time parking systems is due to mounting automotive industry and increasing government regulations in several countries for adopting advanced safety standards in vehicles to easily identify vacant parking spaces and decrease accidents. For instance, it has been witnessed that the governments in some countries are installing real time parking systems for traffic management and parking space management.
Moreover, increasing adoption of cloud services and internet of things will further create lucrative opportunities that will led to the growth of the real time parking system market during the forecast period of 2022-2029.
Based on Real time parking system Market Segmentations
Type
Software
Hardware
Services
Location
On–Street
Off–Street
Others
Application
Commercial
Personal
Transport and Aviation
Government
Others
Global Real time parking system Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2022-2029):
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America (Brazil, Argentina and Colombia etc.)
Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Table of Contents
- Part 01: Executive Summary
- Part 02: Scope of the Real time parking system Market Report
- Part 03: Real time parking system Market Landscape
- Part 04: Real time parking system Market Sizing
- Part 05: Real time parking system Market Segmentation By Product
- Part 06: Five Forces Analysis
- Part 07: Customer Landscape
- Part 08: Geographic Landscape
- Part 09: Decision Framework
- Part 10: Drivers and Challenges
- Part 11: Market Trends
- Part 12: Vendor Landscape
- Part 13: Vendor Analysis
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