Market Research Insights

  San Francisco, 10 Jan 2022:   The Report  Smart Parking Systems Market  Size, Share & Trends Analysis Report By Hardware (Smart Meters, Cameras & LPRs, Parking Gate), By Software, By Service, By Type, By Application, By Region, And Segment Forecasts, 2021 - 2028 The global smart parking systems market size is expected to reach USD 19.29 billion by 2028, registering a CAGR of 21.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market is expected to witness growth at a promising pace in near future, thanks to the increasing number of automobiles on roads and the subsequent rise in traffic congestions. However, the COVID-19 pandemic has considerably slowed down the market due to the varying levels of lockdowns implemented across several countries globally. The impact of this slowdown is expected to be experienced in the short term. As the world re-opens, smart parking systems are expected to regain demand due to the po...

  San Francisco, 23 June 2021:   The Report  Smart Parking Systems Market  Size, Share & Trends Analysis Report By Hardware, By Software, By Service (Consulting Service, Engineering Service), By Type, By Application, By Region, And Segment Forecasts, 2021 - 2028 The global smart parking systems market size is expected to reach USD 19.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 21.5% from 2021 to 2028. This growth is attributed to increasing number of automobiles on roads and the subsequent rise in traffic congestions. However, the COVID-19 pandemic has considerably slowed down the market due to the varying levels of lockdowns implemented across several countries globally. The impact of this slowdown is expected to be experienced in the short term. As the world re-opens, Smart Parking Systems (SPSs) are expected to regain demand due to the potential rise in the use of private tra...