Global smart parking market 2020-2024
Global Smart Parking Market 2020-2024
Technavio has been monitoring the global smart parking market 2020-2024 and it is poised to grow by USD 5.22 bn during 2020-2024, progressing at a CAGR of 22% during the forecast period. Our reports on global smart parking market 2020-2024 provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by use of telematics. In addition, growing adoption of its is anticipated to boost the growth of the global smart parking market 2020-2024 as well.
Technavio's global smart parking market 2020-2024 is segmented as below:
- Off-street Parking
- On-street Parking
- North America
- South America
Key Trends for global smart parking market 2020-2024 growth
This study identifies growing adoption of its as the prime reasons driving the global smart parking market 2020-2024 growth during the next few years.
Prominent vendors in global smart parking market 2020-2024
We provide a detailed analysis of around 25 vendors operating in the global smart parking market 2020-2024, including some of the vendors such as 3M Co., Conduent Inc., Flowbird SAS, International Business Machines Corp., IPS Group Inc., Kapsch Aktiengesellschaft, Libelium Comunicaciones Distribuidas SL, Nedap NV, Siemens AG and SKIDATA AG
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.