Need immediate assistance? Call 1-518-730-0559 (Us-Canada Toll Free) or Contact Us


Smart Parking Systems Market: Persistent Challenges of Safe Parking Triggered by Surged Vehicle Ownership to Facilitate Growth

Blog Description

Astral acceptance rates of connected devices on the back of prospective IoT infrastructure has unleashed unfathomable disruptions such as smart infrastructure across smart cities. Significant advances towards smart city infrastructure have also augmented transformations in parking technology in the recent past. Led by fast paced population growth and corresponding spike in vehicle ownership, need for optimized parking to ensure safe, hassle-free parking practices to offset traffic congestion and pollution  are likely to bolster adoption of smart parking system in the coming years. A new business intelligence report by Market Research Reports Search Engine (MRRSE) titled, ‘Smart Parking Systems Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015-22‘ spots ongoing market developments and evaluates their reciprocal implications on holistic growth route of smart parking systems market. 

Browse the full Smart Parking Systems Market Report:

Owing to latent designs in city architecture, parking schemes continue to remain persistent challenge for governments across regions. However, emergence of smart technologies and corresponding advances in smart city building are poised to offer sustainable transportation and effective smart parking systems to ensure low emissions and judicious fuel consumption. In terms of adoption of smart parking system, densely populous cities with ample resources are likely to emerge as ready adopters of smart parking systems.

Besides including high powered sensors and tracking technologies, novel innovations pertaining customized solutions to ensure fast paced smart parking technologies. To cite an instance, a recent report affirmed Dubai’s initiative to include high-end portable multi-level parking system to augment larger car parks within constricted parking space aided by smart meters that allow car owners to avail remote paying facility, curtailing physical intervention.

Browse the full Press Release of Smart Parking Systems Market at :

North America to Remain at the Fore in Terms of Large Scale Adoption

Elaborate research findings documented in the report on smart parking systems market has been meticulously evaluated to incur workable insights on market performance and valuations. The report in its subsequent sections elaborates on market segmentation and diversifies smart parking systems market into several segments such as parking site type, component, and application. By parking site type smart parking market is classified into on and off-street parking system. Hardware and software are major components in smart parking systems. Commercial application and government and municipalities applications are dominant application type. In terms of regional segregation, Europe, North and Latin America, MEA, APAC, China, Japan are accounted as core regional belts. The trailing sections of the report entail detailed sections on key market contributors in smart parking system market, complete with dashboard analysis of the benchmarked participants.