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North America Smart Parking System Market 2025 Share, Trend | Overview, Global Industry Size, Price, Future Analysis

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Rahul Sharma
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The North America Smart Parking System Market size is anticipated to reach USD 4,110.8 Million until 2025. This growth can be associated with the need for developing better parking solutions to avoid conflicts and mishaps. Moreover, the increasing usage of smartphones and tablets which support these mobile applications is expected to fuel up the market growth in the upcoming years.

 

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Market Synopsis of North America Smart Parking System Market:

 

The mobile app parking services segment is projected to show significant growth owing to the surging usage of smartphones and user-friendly mobile applications. On the other hand, the engineering services segment generated revenue of USD 158.7 Million in 2018 due to the surging demand for engineering and design consultancies by the key players manufacturing parking boards and meters.

 

Theoff-street segment held the largest share due to the rising number of lots and garages which allow parking for vehicles. Moreover, the surging infrastructure development across countries like Canada and the U.S. is expected to further fuel up the market growth in the upcoming years.

 

The commercial segment generated a USD 625.1 Million across the market in 2018. This can be attributed to the increasing adoption of such systems across commercial complexes, stadiums, complexes. The segment of government is expected to witness significant growth during the forecasted years owing to the emerging concept of smart cities across countries like Canada and the U.S.

 

The North America smart parking systems market includes key players such as Siemens AG; Altiux Innovations; Amano McGann.; SKIDATA AG.; and BMW AG (ParkNow GmbH). These players are investing more in research and development to gain a competitive advantage over other players. Moreover, their increasing focus on launching the latest parking solutions is also gaining traction for the last few years.

 

View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/north-america-smart-parking-system-market

 

Table of Contents:-

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 North America Smart Parking System: Market Variables, Trends & Scope              

Chapter 4 North America Smart Parking System: Product Estimates & Trend Analysis

Chapter 5 North America Smart Parking System: Application Estimates & Trend Analysis

Chapter 6 North America Smart Parking System: End-use Estimates & Trend Analysis

Chapter 7 North America Smart Parking System: Industrial End-use Estimates & Trend Analysis

Chapter 8 North America Smart Parking System: Regional Estimates & Trend Analysis

Chapter 9 Competitive Landscape

Chapter 10 North America Smart Parking System: Manufacturers Company Profiles

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