Real-Time Parking System Market Scope
Over the past few decades to overcome major problems arising from the ever-growing need for transport in our daily lives. To solve this problem of parking the Real-Time Parking System is designed, it assists drivers with finding an empty spot. Using sensors in each parking spot that distinguish the presence or absence of a vehicle, signs direct approaching drivers to accessible areas. Moreover, it can be helpful for both on-road as well as off-road parking. The growing number of vehicles on the road across the globe led to the evident surge in demand for Real-Time Parking System in the market.
The Real-Time Parking System market study is segmented by Type (Parking Guidance and Information System (PGIS), Transit Based Information System, Smart Payment System and E-Parking and Automated Parking), by Application (Government and Municipalities, Commercial Institutions, Corporate Institutions, Transport Facilities and Others) and major geographies with country level break-up.
Cubic Corporation (United States), Cisco System, Inc. (United States), Thales (France), Kapsch TrafficCom AG (Austria), Nortech Control Systems Limited (United Kingdom), Siemens (Germany), Swarco AG (Austria), Fujica (China), Xerox Corporation (United States), Amano Corporation (Japan) and Parkmobile, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Streetline, Inc.( United States), Smart Parking Limited (Australia), Amano Mcgann (United States) and Nedap N.V. (Netherland).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Real-Time Parking System market by Type, Application and Region.
On the basis of geography, the market of Real-Time Parking System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Use of IoT and Cloud-Based Technologies In Real-Time Parking System Is Trending
- Intensifying Government Initiatives to Support the Development Activity Projects Smart City Is Also Driving Growth Factor for the Real-Time Parking System
- The Demand for Optimizing Parking Space Usage
- Increasing Adoption of Smart Technologies to Save Labor Cost and Resource Exhaustion
- The Increasing and Ongoing Number of Smart City Projects across the Globe Will Create the Room Of Opportunity for Real-Time Parking System
- Failure In-Network Will Interrupt The Functioning Of The Real-Time Parking System
- System Integration Due To Wide Variety of Hardware and Software Platforms Involved
Key Target AudienceReal-Time Parking System Providers, Automation Companies, Governmental Bodies, End-User Companies, System Integrating Companies, Safety Light Curtain Providers, Research Organizations and Technology Investors
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Real-Time Parking System Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.