According to a new report, published by KBV research, the Global Smart Parking Market size is expected to reach $7.8 billion by 2024, rising at a market growth of 10.5% CAGR during the forecast period.

The RFID market would dominate the Global Smart Parking Market by Technology by 2024. The Ultrasonic market is expected to witness a CAGR of 11.2% during (2018 – 2024). Additionally, The Others market is expected to witness highest CAGR of 11.2% during (2018 – 2024).

The North America market dominated the Global Commercial Smart Parking Market by Region 2017, growing at a CAGR of 8.4 % during the forecast period. The Europe market is expected to witness a CAGR of 8.9% during (2018 – 2024). Additionally, The Asia Pacific market is expected to witness a CAGR of 11.8% during (2018 – 2024).

The Security & Surveillance market dominated the Global Smart Parking Market by Application 2017, growing at a CAGR of 9.6 % during the forecast period. The Smart Payment System market is expected to witness a CAGR of 10.7% during (2018 – 2024). Additionally, The License Plate Recognition market is expected to witness highest CAGR of 11.1% during (2018 – 2024).

Full Report: https://kbvresearch.com/smart-parking-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Smart Parking Ltd., IEM SA, Amano Corporation (Amano Mcgann, Inc.), Urbiotica S.L., IPS Group Inc., Klaus Multiparking Systems, Swarco AG, and Dongyang PC, Inc.

Global Smart Parking Market Size Segmentation

By Technology Type

• RFID
• Ultrasonic
• Others Solution

By End User

• Government
• Commercial

By Application

• Security & Surveillance
• Smart Payment System
• License Plate Recognition
• Others

 By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Smart Parking Ltd.
• IEM SA
• AMANO CORPORATION (AMANO MCGANN, INC.)
• URBIOTICA S.L.
• IPS Group Inc.
• Klaus Multiparking Systems
• Swarco AG
• Dongyang PC, Inc.

Unique Offerings from KBV Research

• Exhaustive coverage of Global Smart Parking Market
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free

Smart Parking Market Related Reports:

North America Market

Europe Market

Asia Pacific Market

LAMEA Market

The post Smart Parking Market to reach a market size of $7.8 billion by 2024 appeared first on KBV Research News.