At 17.4% CAGR, Hybrid Smart Parking Platform Market Size is Expected to Exhibit 2830 million USD by 2025

Selbyville, Delaware Market Study Report LLC has added a new report on Hybrid Smart Parking Platform market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Hybrid Smart Parking Platform market in tandem with its competitive terrain.

Worldwide Hybrid Smart Parking Platform market size is projected to expand at 17.4% CAGR over the analysis timeframe from 2019-2025, taking the industry valuation of USD 790 million in 2019 to USD 2830 million by the year 2025.

In global market, the following companies are covered:

  • Streetline
  • Libelium
  • Tata Elxsi
  • IPS Group
  • Kapsch TrafficCom
  • NuPark
  • Siemens
  • Robert Bosch
  • Huawei Technologies
  • Acer

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Smart parking solutions are a need for today owing to the increasing number of vehicles and the lack of parking spaces. Many companies are investing into the smart parking management market. Streetline has been recognized by Frost & Sullivan with the global product line strategy leadership award for the year 2016. Streetline uses machine learning techniques to deploy hybrid smart parking platform in order to merge data that is collected for real time parking guidance and analytics. Streetline is considered to be a world leader in smart parking solutions and management.

North America region holds the largest market share of global hybrid smart parking platform market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing number of vehicles on street and growing awareness about pollution measures in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies and better connectivity for real time data streaming.

Hybrid smart parking platform market has been segmented on the basis of component, parking type, solution and application. The parking type segment is further bifurcated into on street parking and off street parking. On street parking refers to parking of vehicles along the streets whereas off street parking refers to parking of vehicles in the garages and parking lots. This is owning to the growing demand for smart city solutions and increasing need for parking space management in order to avoid traffic congestion and maintain better air quality by reducing the traffic problems.

Hybrid smart parking platform helps in optimizing parking resources with continuous streaming of data from streets. It offers real time analysis of data and accurate results on parking occupancy based on multiple data sources. ; while in China, the market size is valued at million US$ and will increase to million US$ in 2025, with a CAGR of% during forecast period.In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Hybrid Smart Parking Platform.

This report studies the global market size of Hybrid Smart Parking Platform, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).This study presents the Hybrid Smart Parking Platform production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019 and forecast to 2025.For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.

Market Segment by Product Type

Hardware

Software

Service

Market Segment by Application 

Government

Residential

Commercial

Key Regions split in this report: breakdown data for each region. 

United States

China

European Union

Rest of World (Japan, Korea, India and Southeast Asia)

The study objectives are: 

To analyze and research the Hybrid Smart Parking Platform status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.

To present the key Hybrid Smart Parking Platform manufacturers, presenting the sales, revenue, market share, and recent development for key players.

To split the breakdown data by regions, type, companies and applications

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends, drivers, influence factors in global and regions

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

In this study, the years considered to estimate the market size of Hybrid Smart Parking Platform are as follows:

Full Report Summary At: https://www.marketstudyreport.com/reports/global-united-states-european-union-and-china-hybrid-smart-parking-platform-market-research-report-2019-2025?utm_source=marketwatch.com&utm_medium=AG

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