The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global smart parking systems market is expected to grow from $5.89 billion in 2022 to $7.11 billion in 2023 at a compound annual growth rate (CAGR) of 22.2%. The smart parking systems market is expected to reach $15.17 billion in 2027 at a CAGR of 20.9%.

The increasing number of vehicles is expected to propel the growth of the smart parking systems market going forward.

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 Major players in the smart parking systems market are Bayerische Motoren Werke AG, Siemens A.G., IBM Corporation, Cisco Systems Inc., Swarco AG, Kapsch TrafficCom, SKIDATA GmbH, Nedap N.V., Mindteck.

Technological innovations are a key trend gaining popularity in the smart parking systems market. Major companies operating in the smart parking systems market are adopting new technologies to sustain their position in the market.

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Global Smart Parking Systems Market Segments Include:

• By Type: Off-Street Parking, On-Street Parking
• By Hardware: Pucks, Cameras And LPRs, Smart Meters, Signage, Parking Gates
• By Software: Parking Guidance System, Analytics Solutions
• By Service: Consulting Service, Engineering Service, Mobile App Parking Service
• By Application: Commercial, Government, Transport Transit
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global smart parking systems market in 2021.

The Smart Parking Systems Global Market Report 2023  provides an overview of the smart parking systems market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The smart parking systems market forecast analyzes smart parking systems market size, smart parking systems market share, leading competitor and their market positions.

Smart parking systems refer to tools and strategies designed to increase parking spots’ effectiveness, convenience, and management. Smart parking systems allow parking attendants to effectively utilize parking spaces to manage street parking in a contemporary and effective manner, reducing urban traffic and pollution.

The Table Of Content For The Smart Parking Systems Market Include:
1. Smart Parking Systems Market Executive Summary
2. Smart Parking Systems Market Segments
3. Smart Parking Systems Market Size And Smart Parking Systems Market Growth Rate
4. Key Smart Parking Systems Market Trends
5. Major Smart Parking Systems Market Drivers
……
25. Key Mergers And Acquisitions In The Smart Parking Systems Market
26. Top Smart Parking Systems Companies
27. Smart Parking Systems Market Opportunities And Strategies
28. Smart Parking Systems Market, Conclusions And Recommendations
29. Appendix

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