Global Smart Parking Market Size Growth 2025 Forecast Research Report

Free Press Release DB | Press Release Date : Aug 11, 2017  Download

“Global Smart Parking Market”, this report focus on revolution of technologies supporting the growth of smart parking systems across the globe.

Smart parking market is expected to grow US$ 1462.3 million by 2025 from 398.6 million 2016. Off street parking is anticipated to continue its dominance over the forecast period. Presently, almost 68% of the smart parking systems are off street parking. Off-street smart parking solutions are majorly utilized by governments and municipalities, corporate institutions, commercial institutions and transport facilities. Globally off-street parking is considered as a cost-effective and convenient parking solution.

Request a Sample copy of Smart Parking Market: 

Key trend which will predominantly effect the market in coming year is rapid evolution of technologies supporting the growth of smart parking systems across the globe. Smart parking market is anticipated to witness several technological improvisations in terms of expansion of bandwidth and connectivity. Growth in smart parking systems market is fueled by the surging demand for flexible, scalable and efficient parking systems to manage the on-street and off-street parking spaces, in order to reduce the gridlocks taking place because of large number of commuters circling on road searching for parking spaces.

Smart parking market by end-user industry is segmented into transport facilities, government & municipalities, commercial institutions and corporate institutions. Increasing number of vehicles running on road, surging sizes of vehicles in the luxurious segment, and decrease in the available parking space are influencing the traffic congestion, making it an alarming issue globally.

The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the smart parking industry.

Browse our related reports on above topic : Parking Market Report

Contact Person & Company



Aadolf Smith



Bharat Book Bureau

Contact Numbers

Telephone No.


Fax No.


Handphone No.



Website 1


Go To PR Site

Website 2




PR Tags


Smart Parking, Parking, Swot Analysis,


808, Real Tech Park, 8th Floor, Sector - 30A, Vashi, Navi Mumbai - 400703 , INDIA .

Navi Mumbai



Contact The Author

Contact Aadolf Smith

More Press Release From Author

Qatar Fire Safety Systems and Equipment Market (2017-23)-Industry Size, Share, Analysis, Trend & Future Strategic Planning

Free Press Release DB :

Construction projects costing around $92.98 billion which are to be undertaken by 2022, are consequently pushing up the demand for fire safety systems & equipment in Qatar. --> Read This Press Release !

By : Aadolf, Smith ( Aug 17, 2017 )
Category : Business Press Release | Country : India Press Release

Global Threat Intelligence Market 2017: Key Players – Dell Technologies Inc, Fire Eye, IBM Corporation

Free Press Release DB :

“Global Threat Intelligence Market”, this report based on Organizations Size, the market is segmented into Large Enterprises and Small & Middle Enterprises. --> Read This Press Release !

By : Aadolf, Smith ( Aug 17, 2017 )
Category : Technology Press Release | Country : India Press Release

Global Commercial Cooking Equipment Market Future Demand and Growth Analysis with Forecast (2017 - 2023)

Free Press Release DB :

The Commercial Cooking Equipment Market would attain a market size of $13,133.9 million by 2023, growing at a CAGR of 4.6% during 2017 -2023. --> Read This Press Release !

By : Aadolf, Smith ( Aug 17, 2017 )
Category : Business Press Release | Country : India Press Release

Read More Articles From Aadolf Smith


The author of the press releases are solely responsible for the content of their press releases. can't be held liable for the content posted by author. Please check the accuracy of the press release before using the press release. If necessary please contact the author. Thank you.

Report Abuse