Shed light on the available opportunities and potential challenges that market players are facing along with in Smart Parking Management System market.
— The Smart parking management system is a high-tech mechatronics product that completely puts the parking lot under the unified management of the computer. He uses the induction card IC card or ID card as the carrier, and uses the intelligent device to make the induction card record the relevant information of the vehicle and the cardholder. At the same time, the information is calculated, transmitted, and converted into human-machine interfaces such as character display and voice broadcast. The signal that can be manually distinguished and judged, so as to achieve the purpose of time charging and vehicle management.
The increasing popularity of integrated automation solutions and the advancement of wireless technology and the spread of digital payment technology are the main factors driving the growth of the global smart parking market. The main technologies used to deploy efficient systems include sensor devices, machine-to-machine (M2M) communication, smart parking meters, data analysis, mobile applications for electronic reservations and online payments. It covers fields such as medical, automotive, utilities and consumer electronics. Facts have proved that poor traffic management is the root cause of vehicle overcrowding and congestion, which further leads to noise pollution and air pollution, which may stifle economic activities. The ability of these systems to ensure the required flexibility and scalability is also expected to trigger the growth of the smart parking system market because they can facilitate the collection of real-time data and determine the availability of parking lots, thereby benefiting users in terms of time and fuel costs. Smart parking systems usually involve low-cost sensors and automatic payment systems that support smartphones. These systems allow drivers to identify available space and reserve locations in advance. These systems then scan to minimize vehicle emissions without the driver having to bypass city blocks to find parking spaces.
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The Major Players Profiled in This Report Include:
Guangdong AKE Technology
Adax Security Systems
The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into:
Close parking system
Middle distance parking system
Long - distance parking system
On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each application/end users, primarily divided into:
Enterprises and institutions
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Depending on the application, the market for smart parking systems is further subdivided into commercial, government and transportation. The commercial market will account for the largest share in 2019. The growth in the commercial market can be attributed to the increasing adoption of these systems in corporate offices, shopping malls, theatres and stadiums, as well as in other public places. A high level of convenience and flexibility, as well as mobile payment options, are expected to drive growth in the business sector. Government departments are expected to achieve significant growth during the forecast period. Smart Cities programs in different parts of the world will contribute to growth in this area. The various smart parking systems introduced in Smart Cities offer features such as mobile payment and parking reservations. Many vendors are committed to introducing innovative new applications to ensure user convenience.
North America dominates the smart parking system market in 2019. The North American market is expected to continue to grow due to the increase in the number of vehicles in the region. Municipalities in the United States and Canada are making increasing efforts to reduce traffic congestion. These systems help provide legal and safe parking spaces for commercial vehicles in the area. In addition, advances in the automotive sector, for example, and increased demand for vehicle navigation systems are expected to drive growth in regional markets. Regional markets in the Asia-Pacific region and Latin America are also expected to receive attention as a result of the increase in the number of municipalities in emerging economies, such as China and India. China, India, South Korea and Brazil are expected to grow at relatively high rates. In Europe, the smart parking system market is also expected to create significant growth opportunities for market participants, particularly as a result of the positive government initiatives taken by the European Union to promote the deployment of smart parking systems. Reduce pollution and ensure a sustainable environment. In addition, the adoption of the region's market is expected to accelerate as European car production grows and concerns about car theft are growing.
Smart parking management system Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Smart parking management system Market by Types
Chapter 4 Segmentation of Smart parking management system Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Smart parking management system Market in Major Countries
Chapter 7 North America Smart parking management system Landscape Analysis
Chapter 8 Europe Smart parking management system Landscape Analysis
Chapter 9 Asia Pacific Smart parking management system Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Smart parking management system Landscape Analysis
Chapter 11 Major Players Profile
11.1 Guangdong AKE Technology
11.1.1 Guangdong AKE Technology Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2.1 Siemens Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3.1 AMCO Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Key Questions Answered by This Report:
What is the size and CAGR of the Smart parking management system Market?
What are the key driving factors of the most profitable regional market?
Which are the leading companies in the global market?
How will the Smart parking management system Market advance in the coming years?
What are the main strategies adopted in the global market?
Which region may hit the highest market share in the coming era?
What trends, challenges, and barriers will impact the development and sizing of the Smart parking management system Market?
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