Smart Parking Solutions Market

Worldwide Demand For Smart Parking Solution Is Project To Progress At A Sinewy CAGR of Around 21% By 2032

Key Takeaway

– Global smart parking solutions market to be valued at US$ 4.4 Bn by 2022-end – Germany to emerge as the fastest growing market, clocking a CAGR of 16% – U.S to register a staggering 15% CAGR, amid rising traffic congestion across major citie – Smart parking solutions uptake in China likely to increase at a CAGR of 12% – Smart valet parking solutions to experience 9.9% Y-o-Y growth in 2022 over 2021

Key Players

– Aisin Seiki Co.Ltd – Amano McGann – Amco S.A. – Cisco Solution – Delphi Automotive PLC – Kapsch – Nedap N.V – Parkmobile – LLC – Skidata AG

Analyst View

Growing traffic congestion problems is prompting automotive manufacturers and vehicle users alike to opt for internet and smart-enabled parking solutions, enabling an improvement in city decongestion, remarks a Fact.MR analyst.

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