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(Transportation-News.com, July 23, 2018 ) Smart Parking Management System is one of the most trending systems being adopted at a higher rate across the countries focusing on smart cities. Smart parking solutions are in higher demand due to the need for dealing with increasing road traffic in urban areas, less availability of parking space, congestive roads, and various other challenges. In recent years, millions of customers across the globe have adopted smart parking mobile applications, which can be a changing customer trend toward the use of affordable digital technologies in their day to day lives. Smart parking solutions are of two types, namely on-street and off-street. The on-street parking solutions have become more popular in recent years as they focus on offering more organized parking solutions that save parking space.
Top Manufacturer Detail:
Cubic Corporation, Siemens, Cisco, Xerox Corporation, Robert Bosch, QuaLiX Information System, Smart Parking Ltd., ParkiFi, ParkWhiz, RRParkon
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The leading commercial users and airports have already deployed smart parking spaces to improve the customer experience. The airports segment is expected to grow at a higher CAGR during the forecast period. However, some of these systems are using manual parking bill processing, and use of smart tickets also has a higher penetration rate across the globe. The commercial users segment is expected to grow at a CAGR of 30.4% during the forecast period. The categories covered in the report are Parking Guidance and Information System (PGIS), transit-based information system, automated parking, and others. PGIS is much needed in building a smart parking ecosystem for commercial and public users.
The transit-based information system is a passenger information system, which helps in pre-booking of a parking space and others. PGIS is expected to account for huge revenue in the segment. PGIS is expected to grow at a CAGR of 28.0% during the forecast period. The automated parking market, which offers automated parking facilities to the vehicles, is expected to emerge as a new market by 2020 owing to the increasing demand for fully-autonomous vehicles. The market is segmented by components such as sensors, display units, cameras, data collector and center processor, inductive loop detectors, parking meters, and others. The sensors segment includes a variety of sensors ranging from radar sensors, image sensors, parking sensors, active infrared sensors, ultrasonic sensors, and others. The display units are much popular in recent years owing to the increased use of parking meters and automated parking solutions.
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Table of Contents
1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 PEST Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
4 Market Outlook
4.1 Overview
4.2 Market Trends
4.3 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Evolution
5.2 Ecosystem
5.3 Market Segmentation
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Impact of regulations
5.4.1.2 Increasing adoption smart parking solutions by commercial and industrial
5.4.1.3 Rapid increase in passenger vehicle usage
5.4.1.4 Growing demand for smart mobility
5.4.2 Restraints
5.4.2.1 Maintenance costs
5.4.2.2 Technological challenges
5.4.2.3 Huge requirement of electricity
5.4.3 Opportunities
5.4.3.1 Growing demand for fully autonomous vehicles
5.4.3.2 Evolution of new modes of transportation
5.5 DRO-Impact Analysis
6 Parking Type: Market Size and Analysis
6.1 Overview
6.2 On-Street Parking
6.3 Off-Street Parking
7 Software Types: Market Size and Analysis
7.1 Overview
7.2 Management Software
7.3 Automatic update software
7.4 Analytics software
7.5 Cloud software
7.6 Administration software
8 Solutions and Services Types: Market Size and Analysis
8.1 Overview
8.2 Parking Reservation Management
8.3 Integrated Payments
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