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SMART PARKING MARKET Revenue Analysis, Share, Historical Growth, Product Demand, Opportunities and COVID-19 Impact Analysis

Dublin, June 19, 2020 (GLOBE NEWSWIRE) — A new comprehensive research Study is added in Data Bridge Market research’s database of 350 pages, titled as “Global Smart Parking Market” study with 100+ market data Tables, Pie Chat, Graphs & Figures. This Smart Parking market report has been prepared to bring about comprehensive analysis of the market structure along with forecast of the different segments and sub-segments of the market. Competitive analysis section in the report covers the strategies used by the major competitors in the market that perks up their penetration in this Smart Parking market. This report gives estimations of Compound Annual Growth Rate (CAGR) in % value for the forecasted period that will assist client to take decision based on futuristic chart. The major features of this report are; comprehensive and distinct analysis of the market drivers and restraints, top market players involved in this industry, thorough analysis of the market segmentation, and competitive analysis of the key players. Companies willing to accomplish an effectual business growth should adopt market research report like this Smart Parking report which seems to be very vital in this rapidly changing marketplace. A thorough market study and investigation of trends in consumer and supply chain dynamics covered in this report helps businesses draw the strategies about sales, marketing, and promotion

Global Smart Parking Market is expected to rise from its initial estimated value of USD 3.38 billion in 2018 to an estimated value of USD 12.60 billion by 2026, registering a CAGR of 17.85% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing concerns of parking amid growth in the number of vehicles.

Free Sample Report + All Related Graphs & Charts @: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-smart-parking-market&AM

(***Our Free Sample Copy of the report gives a brief introduction to the research report outlook, TOC, list of tables and figures, an outlook to key players of the market and comprising key regions.***)

Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Smart Parking Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast, factoring the impact of COVID -19 Situation.

Market Drivers:

  • Rise in number of vehicles leading to concerns regarding the solutions for parking is expected to drive the market growth
  • Growing demand and adoption of IoT applied technology is also expected to be driving the market growth

Market Restraints:

  • High cost of implementing and subsequent increase in cost of the vehicles is expected to act as a restraint to the market growth
  • Lack of awareness regarding the benefits of smart parking is also expected to act as a restraint to the market growth

Furthermore, this Smart Parking Market study will help our clients solve the following issues:

Cyclical dynamics – We foresee dynamics of industries by using core analytical and unconventional market research approaches. Our clients use insights provided by us to maneuver themselves through market uncertainties and disruptions

Identifying key cannibalizes – Strong substitute for a product or service is the most prominent threat. Our clients can identify key cannibalizes of a market, by procuring our research. This helps them in aligning their new product development/launch strategies in advance

Spotting emerging trends – Our Ecosystem offering helps the client to spot upcoming hot market trends. We also track possible impact and disruptions which a market would witness by a particular emerging trend. Our proactive analysis helps clients to have an early mover advantage

Interrelated opportunities – This Smart Parking Market report will allow clients to make decisions based on data, thereby increasing the chances that the strategies will perform better if not best in the real world

List of Best Players profiled in Smart Parking Market Report;

Few of the major competitors currently working in the smart parking market are Robert Bosch GmbH, Continental AG, Valeo, Delphi Technologies, AISIN SEIKI Co. Ltd., Siemens AG, Cubic Corporation, Amano Corporation, Kapsch TrafficCom AG, AppyParking, Smart Parking, TKH GROUP, and Nedap.

Click to View Free Full Report TOC, figure and tables: @ https://www.databridgemarketresearch.com/toc/?dbmr=global-smart-parking-market&AM

Key Regions and Countries Studied in this report:

Regions North America South & Central America Europe Asia Pacific Middle East & Africa
Countries United States Argentina United Kingdom China Saudi Arabia
  Canada Chile Germany Japan UAE
  Mexico Brazil France India Turkey
      Italy, Spain, NORDIC {Sweden, Norway, Finland, Denmark etc}, and Russia Australia, Singapore, Japan, South Korea Egypt and South Africa

 

Key Developments in the Market: 

  • In January 2019, China launched a first of its kind diagonal smart parking garage that drives and allocates the vehicles to a unique spot. In this smart parking system, the driver parks the car on a driving platform and the platform parks the vehicles in a free parking spot, retrieving the vehicle afterwards whenever the driver requires it.
  • In November 2016, Thai government announced their plans to adopt the 4.0 initiative with Bosch backing this initiative and planning to roll out automated valet parking based on this interconnection.

The titled segments and sub-section of the market are illuminated below:

  • By System Type
    • Guided Park Assist
    • Smart Park Assist
  • By Component
    • Parking Sensors
    • Steering Angle Sensors
    • Electronic Control Unit (ECU)
    • Display Unit
  • By Sensor Technology
    • Ultrasonic Sensor
    • Radar Sensor
    • Image Sensor
  • By Vertical
    • Government
    • Commercial
    • By Solution
    • Security & Surveillance
    • Parking Reservation Management
    • Valet Parking Management
    • License Plate Recognition

Region Included are: United States, Europe, China, Japan, Southeast Asia, India & Central & South America

Key Market Features in Global (United States, European Union and China) Smart Parking Market:

The report highlights Smart Parking market features, including revenue, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, supply & demand, cost bench-marking, market share, CAGR, and gross margin.

Analytical Market Highlights & Approach

The Global (United States, European Union and China) Smart Parking Market report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.

How this report will help to boost your business economy globally

This market research report supports to secure economies in the distribution of products and find out the best way of approaching the potential.

This research gives an in-depth knowledge on what the recent developments are, product launches are, while also keeping the track for recent acquisitions, mergers, joint ventures and competitive research in the global market industry.

The report forecasts the size of the market with information on key vendor revenues, development of the industry by upstream and downstream, industry progress, key companies, along with market segment type and market application

The report provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer preferences and their buying patterns, market demand and supply scenarios.

To know How COVID-19 Pandemic Will Impact This Market/Industry: https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-smart-parking-market&AM

(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)

Analysts have also highlighted the potential restraints present in the global Smart Parking market. With the help of market experts the report points out what changes companies can make to overcome these hurdles over the forecast years.

Strategic Points Covered in TOC:

Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Smart Parking market

Chapter 2: Evaluating the leading manufacturers of the global Smart Parking market which consists of its revenue, sales, and price of the products

Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales

Chapter 4: Presenting global Smart Parking market by regions, market share and with revenue and sales for the projected period

Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions

About Data Bridge Market Research:

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