Intelligent Parking, Global Market Size Forecast, Top 17 Players Rank and Market Share (Internet Services - Other Internet Services)
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Item ID 2573553 in Category: Internet Services - Other Internet Services
Intelligent Parking, Global Market Size Forecast, Top 17 Players Rank and Market Share | |
Intelligent Parking refers to a technologically advanced parking system that utilizes various smart technologies to enhance the efficiency and convenience of parking spaces. It often involves the integration of sensors, cameras, and communication systems to monitor and manage parking areas. Key features of intelligent parking systems may include real-time monitoring of parking space availability, automated payment systems, and the use of mobile apps to assist drivers in finding and reserving parking spaces. These systems aim to optimize parking space utilization, reduce traffic congestion, and enhance the overall parking experience. According to the new market research report “Global Intelligent Parking Market Report 2023-2029”, published by QYResearch, the global Intelligent Parking market size is projected to reach USD 10.84 billion by 2029, at a CAGR of 14.3% during the forecast period. Market Drivers: 1. The increasing urbanization and population growth lead to higher demand for efficient parking solutions in crowded urban areas. 2. Technological Advancements: Continuous advancements in sensor technologies, connectivity, and data analytics drive the development of more sophisticated and efficient intelligent parking systems. 3. Government Initiatives: Government initiatives promoting smart city development and sustainable urban mobility often include intelligent parking solutions to alleviate traffic congestion. Restraints: 1. High Initial Costs: The installation of intelligent parking systems involves significant upfront costs, which can be a restraint for some municipalities and businesses. 2. Infrastructure Challenges: The implementation of intelligent parking may face challenges related to the existing infrastructure, especially in older cities or areas with limited technological integration. 3. Data Security and Privacy Concerns: The collection and storage of data in intelligent parking systems raise concerns about security and privacy, potentially hindering widespread adoption. Opportunity: 1. The growing trend toward smart city development creates opportunities for the expansion of intelligent parking solutions as a crucial component of urban infrastructure. 2. Integration with Autonomous Vehicles: As autonomous vehicles become more prevalent, there are opportunities for intelligent parking systems to integrate and support autonomous parking features. 3.Collaborations and Partnerships: Collaborations between technology providers, municipalities, and parking facility operators can lead to innovative solutions and increased market penetration. QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.  | |
| Target State: All States Target City : All Cities Last Update : Mar 20, 2024 10:53 PM Number of Views: 23 | Item Owner : Joyce Contact Email: Contact Phone: 13051817187 |
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2024-05-07 (0.392 sec)