According to a new report, published by KBV research, the Global Smart Parking Market size is expected to reach $7.8 billion by 2024, rising at a market growth of 10.5% CAGR during the forecast period.
The RFID market would dominate the Global Smart Parking Market by Technology by 2024. The Ultrasonic market is expected to witness a CAGR of 11.2% during (2018 - 2024). Additionally, The Others market is expected to witness highest CAGR of 11.2% during (2018 - 2024).
The North America market dominated the Global Commercial Smart Parking Market by Region 2017, growing at a CAGR of 8.4 % during the forecast period. The Europe market is expected to witness a CAGR of 8.9% during (2018 - 2024). Additionally, The Asia Pacific market is expected to witness a CAGR of 11.8% during (2018 - 2024).
The Security & Surveillance market dominated the Global Smart Parking Market by Application 2017, growing at a CAGR of 9.6 % during the forecast period. The Smart Payment System market is expected to witness a CAGR of 10.7% during (2018 - 2024). Additionally, The License Plate Recognition market is expected to witness highest CAGR of 11.1% during (2018 - 2024).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Smart Parking Ltd., IEM SA, Amano Corporation (Amano Mcgann, Inc.), Urbiotica S.L., IPS Group Inc., Klaus Multiparking Systems, Swarco AG, and Dongyang PC, Inc.
Global Smart Parking Market Size Segmentation
By Technology Type
By End User
Security & Surveillance
Smart Payment System
License Plate Recognition
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of LAMEA
Smart Parking Ltd.
AMANO CORPORATION (AMANO MCGANN, INC.)
IPS Group Inc.
Klaus Multiparking Systems
Dongyang PC, Inc.
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