The "Smart Parking Technologies and Global Markets" report has been added to ResearchAndMarkets.com's offering. The global market for smart parking technologies was valued at $35.6 billion in 2022 and...
Autore: Business Wire
DUBLIN: The "Smart Parking Technologies and Global Markets" report has been added to ResearchAndMarkets.com's offering.
The global market for smart parking technologies was valued at $35.6 billion in 2022 and is expected to reach $88.8 billion by the end of 2028. The market is projected to grow at a compound annual growth rate (CAGR) of 18.1% during the forecast period of 2023 to 2028.
Government initiatives such as smart cities are expected to result in better traffic and parking management solutions in regions such as Asia-Pacific and Oceana by the end of 2030. The desire for better technology to lessen the impact on the environment in the region is another factor fostering demand for smart parking technologies.
This report segments the global market for smart parking technologies by offering (i.e., hardware, software and services), parking solution type, technology, end user and region.
The hardware segment was valued at $23.2 billion in 2022 and is expected to reach $57.6 billion by the end of 2028. The software segment is forecast to grow at a CAGR of 20.9% to reach $22.3 billion by the end of 2028, up from $7.8 billion in 2022. In the wake of the COVID-19 pandemic, commuters were more likely to drive without passengers, and also avoided public transportation. These habits have increased traffic congestion in cities, leading to increased demand for smart parking solutions such as commercial parking, government parking and transport transit parking.
This report provides an overview of the global market for smart parking technologies and analyzes market trends. Using 2022 as the base year, the report provides estimated market data for the forecast period 2023 through 2028. Revenue forecasts for this period are made by hardware, software and services; parking solution type; technology; end user and region.
Key Market Dynamics
Market Drivers
Market Challenges
Market Opportunities
The Report Includes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 135 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $38.7 Billion |
| Forecasted Market Value (USD) by 2028 | $88.8 Billion |
| Compound Annual Growth Rate | 18.1% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Chapter 4 Market Dynamics
Chapter 5 Emerging Technologies and Developments
Chapter 6 Market Breakdown by Offering
Chapter 7 Market Breakdown by Parking Solution Type
Chapter 8 Market Breakdown by Technology
Chapter 9 Market Breakdown by End User
Chapter 10 Market Breakdown by Region
Chapter 11 Sustainability in Smart Parking Technologies: An ESG Perspective
Chapter 12 Patent Analysis
Chapter 13 M&A and Venture Funding Outlook
Chapter 14 Competitive Intelligence
Chapter 15 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/m6s90x
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Fonte: Business Wire