October 24 2019
In this rapidly changing world of technology, hybrid smart parking platform market is projected to show major growth prospects during the forecast period. Major factor driving the hybrid smart parking platform market is the increasing demand for vehicles which is leading towards the parking concerns. Increasing demand for internet of technology is another major factor driving the growth of hybrid smart parking platform market.
The global Hybrid Smart Parking Platform Market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the hybrid smart parking platform market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of hybrid smart parking platform market. This is owing to the presence of large number of established key players like Streetline and IPS Group in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. This is expected to be a major factor for the growth of hybrid smart parking platform market. Growing adoption of mobile devices and increasing implementation internet of things is another major factor driving the growth of hybrid smart parking platform market in the region. Growing demand for digitalization and increasing concerns about environment pollution are other factors driving the growth of hybrid smart parking platform market in the region.
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The hybrid smart parking platform market is growing rapidly over 18% of CAGR and is expected to reach at approx. USD 2,134 Million by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Hybrid Smart Parking Platform Market Research Report-Forecast to 2023”.
The prominent players in hybrid smart parking platform market are – Streetline (U.S.), Libelium (Spain), Tata Elxsi (India), IPS Group, Inc. (U.S.), Kapsch TrafficCom AG (Germany), NuPark (U.S.), Siemens AG (Germany), Huawei Technologies Co. Ltd. (China), Acer Inc. (Taiwan), Robert Bosch GmbH (Germany) among others.
Market Research Analysis:
It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in hybrid smart parking platform market in North America is attributed to technological advancements and increasing demand for internet of things in that region.
Hybrid Smart Parking Platform Market Segmentation
The hybrid smart parking platform market has been segmented on the basis of component, parking type, solution and application. The application segment is further bifurcated into government, residential and commercial. The commercial segment is expected to hold the largest market share owing to the increasing number of vehicles and concerns about parking them.
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TABLE OF CONTENT
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
6 Hybrid Smart Parking Platform Market, By Segments
6.2 Market Statistics
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