In a recent research report by Maximize Market Research, the market for Smart Parking System Market is expected to surpass US $XX Million by the year 2026, from US $XX Million in 2019.
Many sectors saw a dramatic shift in their operations as a result of the Covid-19 epidemic. The growth of the Smart Parking Systems market is impacted significantly. Because most nations across the world have implemented a lockdown to stop the spread of COVID-19, smart parking systems have seen a drop in income. Many educational and employment institutions, including schools and universities, have switched to virtual learning, which has resulted in the disappearance of parking, transport, and other services. This has also resulted in monthly parking permits being reimbursed.
However, to strengthen their market position, key firms are concentrating on mergers and acquisitions. Urbiotica, for example, purchased Worldsensing’s Fastprk solution in June 2020, completing Urbiotica’s smart parking solutions.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of the Smart Parking Systems Market in the region, the Value – Chain Analysis, and the PORTER’s analysis for the Smart Parking Systems market at a global level.
The study is consolidated on the basis of four major segments and further into sub-segments, By Hardware (Pucks (Wireless Sensors), Cameras & LPRs, Smart Meters, Signage, Parking Gates), By Software (Parking Guidance System, Analytics Solutions), By Parking Site (On-street, Off-street), By Application (Commercial, Government, Transport Transit), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players- Altiux Innovations, Amano McGann, Inc, Amco S.A, BMW AG (ParkNow GmbH, Parkmobile LLC), Cisco Systems, Inc, CivicSmart, Inc, Deteq Solutions, Flowbird, gtechna, INDECT Electronics & Distribution GmbH, Kapsch TrafficCom, Libelium Comunicaciones Distribuidas S.L, Meter Feeder, Inc, Mindteck, Municipal Parking Services, Inc, Nedap N.V, Park Assist, ParkHelp Technologies.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Smart Parking System Market.”
https://www.maximizemarketresearch.com/market-report/global-smart-parking-system-market/15067/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights, ManikBaug,
Vadgaon Bk, Sinhagad Road,
Pune – 411051,
Maharashtra, India.