Crowdsourced Smart Parking market is expected to reach US$ 370 million by 2023, growing at a CAGR of 8.7% between 2017 and 2023

Crowdsourced Smart Parking market in this report analyzed the smart parking system.

Smart parking system is new technologies that are enabling cities to reduce levels of congestion significantly. These systems provide real-time parking availability information to make it easier for drivers to find a parking space.The global average price of Crowdsourced Smart Parking is stable from 2011 to 2015. With the situation of global economy, prices will be in slowly decreasing trend in the following five years.

 

The North American smart parking system market accounted for over 26%of the global market share in 2015. The need for minimizing traffic congestion, owing to the increasing number of vehicles in the U.S. and Canada, is expected to trigger demand for efficient parking management systems.

over the next five years, we projects that crowdsourced smart parking will register a 8.7% cagr in terms of revenue, reach us$ 370 million by 2023, from us$ 220 million in 2017.

his report presents a comprehensive overview, market shares, and growth opportunities of Crowdsourced Smart Parking market by product type, application, key manufacturers and key regions.To calculate the market size, we considers value and volume generated from the sales of the following segments:

Segmentation by product type:

  • On- street
  • Off-street
  • Segmentation by application:
  • Commercial Use
  • Residential Use
  • Government Use
  • Others

This report also splits the market by region:

  • Americas
  • United States
  • Canada
  • Mexico
  • Brazil
  • APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Spain
  • Middle East & Africa
  • Egypt
  • South Africa
  • Israel
  • Turkey
  • GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

  • 3M
  • Amano Corporation
  • Cubic Corporation
  • Thales
  • Kapsch TrafficCom AG
  • Nortech Control Systems Limited
  • Siemens
  • Swarco AG
  • Fujica
  • Imtech
  • Xerox Corporation

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

kanak.khera24

BE(Computer) Graduate Working As a Digital Marketing Associate

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