Smart Parking Market to Witness Astonishing Growth, Top Key Players, Business Opportunities

Smart Parking


Rocky wilson

9 months ago | 2 min read

Global Smart Parking Market Analysis to 2025 is a specialized and in-depth study of the Smart Parking market with a special focus on the global market trend analysis. 

The smart parking market is expected to grow from US$ 398.6 million in 2016 to US$ 1,462.3 million by 2025 at a CAGR of 15.7% between 2017 and 2025. Smart parking systems address critical parking issues, by making it easier for drivers to park their vehicles without wasting time and fuel. Smart parking systems avail their users with real-time information regarding available parking spaces across the city, thereby reducing the traffic congestion caused due to mismanaged parking spaces. Amano Mcgann, Smart Parking Ltd., Xerox, Cisco and Urbiotica are among the major players operating in this market. North America, being a technologically advanced region along with high number vehicle population and congestion in cities, has witnessed highest adoptions of smart parking systems by government & municipalities of various cities. Europe is the second largest adopter of smart parking systems, while APAC region with growing urbanization and increasing technological trends is anticipated to be the fastest growing region globally in the smart parking market. Smart Parking Market research involves the study of various factors affecting the industry, including market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers, and challenges.

New Report on “Smart Parking Market” makes a brilliant attempt to unveil key opportunities available in the global Smart Parking Industry to help players in achieving a strong market position.

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The increased demand for advanced weather monitoring radar and development of phased-array Smart Parking is driving the growth of the Smart Parking market. The high manufacturing cost may restrain the growth of the Smart Parking market. Furthermore, rising adoption of unmanned aerial vehicles is anticipated to create market opportunities for the Smart Parking market during the forecast period.

 Top Listed Players in this Report are:

Amano McGann, Inc.


Smart Parking Ltd.



Nedap NV


Xerox Corp.

Parkmobile, LLC


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The research on the Smart Parking Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Smart Parking Market on the basis of end user, product type, application, and demography for the forecast period 2022–2025. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics. This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Smart Parking Market.

Market Insights– Smart Parking Market

The "Global Smart Parking Market Analysis to 2025" is a specialized and in-depth study of the Smart Parking market with a special focus on the global market trend analysis. The report aims to provide an overview of Smart Parking market with detailed market segmentation by dimension, frequency band, waveform, application, and geography. The global Smart Parking market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Smart Parking market players and offers key trends and opportunities in the Smart Parking market.

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Created by

Rocky wilson







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