Smart Parking Market| COVID-19 Impact, Size, Share, Growth, Trends, Analysis, Future Scope, Forecast To 2023

Smart Parking Market – Overview

The need to deal with numerous environmental and economic issues is increasing the adoption of smart parking measures.

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Key Players

The essential players in the smart parking market are Smart Parking Limited (Australia), Amano McGann, Inc. (U.S.), IEM SA (Switzerland), Klaus Multiparking Systems (Germany), Omnitec Group (UAE), Mindteck (India)

Segmental Analysis

The segmental evaluation of the smart parking market is conducted on the basis of parking sites, solutions, applications and regions. On the basis of parking site, the smart parking market comprises of off-street and on-street. Based on the solutions, the smart parking market comprises of valet & parking reservation, security & surveillance, and others. On the basis of application, the smart parking market comprises of government, transport transit, and commercial. Based on the regions, the smart parking market comprises of Europe, North America, APAC and Rest of the World.

Regional Analysis

The regional examination of the smart parking market comprises of regions such as Asia Pacific, North America, Europe, and the Rest of the World. The Asia Pacific region has accounted for the principal market portion owing to the incidence of Japan, China, and India. The elevated development rate in the registering of new cars globally, with major acceleration in regional economies such as Asia Pacific, will create a new window of opportunities for the parking management business. The European region is responsible for the second largest market during the forecast period due to growing urbanization. The growing urbanization has led to the amplified demand for infrastructure as well as transportation and building. Smart cities deliver advanced technology through mobile technology, enhance current infrastructure, and make land use, effectively. This will contribute to the mounting demand for smart parking in smart cities.

Industry Updatesa

Oct 2019 Tesla has launched a novel "smart summon" attribute to its customers who have bought the "full self-driving" choice for Tesla Autopilot. This function, which can be bought for around USD 6,000 on top of Autopilot, advances only limited features. Smart summon is meant for parking lots, and seemingly it declines to run if it can tell it is on a public road. By means of the feature, you can activate the summon from your phone over Bluetooth.

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