Hybrid Smart Parking Platform market

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Hybrid Smart Parking Platform Market Research
Report By Forecast 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Hybrid Smart Parking Platform Market Forecast To
2023
Hybrid Smart Parking Platform Market Forecast To
2023
The global hybrid smart parking platform market
is expected to exhibit a robust 18 CAGR over the
forecast period from 2017 to 2023, according to
the latest research report from Market Research
Future (MRFR). The global hybrid smart parking
platform market is mainly driven by the
increasing investment by private investors in
smart parking projects, as these have emerged as
a highly profitable venture in todays rapidly
urbanizing world. The research report projects
the global hybrid smart parking platform market
to reach a valuation of USD 2,134 million by
2023. The report presents a detailed historical
analysis of the global hybrid smart parking
platform market, providing a review on the
leading drivers and restraints for the market as
well as the major players operating in the
market.
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Hybrid Smart Parking Platform Market Forecast To
2023
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on Internet of
Hybrid Smart Parking Platform Market Forecast To
2023

• The demand from the hybrid smart parking platform
  market is mainly driven by the increasing number
  of vehicles on the road in developed as well as
  developing countries. Smart parking systems allow
  drivers to find a parking spot in advance and
  also pay for it in advance using ecommerce tools
  from their phone or in-car ecommerce portal. The
  convenience of this systems is particularly felt
  in the increasingly congested city centers in
  developed countries such as the UK, the U.S., and
  France. As the major commercial and financial
  avenues in a city are usually located in the city
  center, the number of vehicles coming into the
  city center everyday is quite high. This has
  caused parking and traffic congestion problems in
  developed countries, leading to a growing demand
  for solutions such as hybrid smart parking
  platforms.

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Hybrid Smart Parking Platform Market Forecast To
2023
Global Hybrid Smart Parking Platform Market
Segmented on the basis of
The global hybrid smart parking platform market
is segmented on the basis of component, parking
type, solution, application, and region. By
component, the global hybrid smart parking
platform market is segmented into hardware,
software, and services. By parking type, the
global hybrid smart parking platform market is
segmented into on-street and off-street parking.
Off-street parking, which comprises the
construction of buildings specifically intended
to be used as parking space, is likely to be the
more popular option in the global hybrid smart
parking platform market over the forecast period,
as on-street parking may not solve the problem of
congestion in some locations.
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Hybrid Smart Parking Platform Market Forecast To
2023
Global Hybrid Smart Parking Platform Market -
Geographical Analysis
North America is likely to dominate the global
hybrid smart parking platform market over the
forecast period due to the widespread awareness
about smart parking systems in the region and the
increasing demand for effective smart parking
systems in cities in the U.S. Europe holds the
second largest share in the global hybrid smart
parking platform market and is likely to grow at
a stable growth rate over the forecast period.
Asia Pacific is expected to exhibit the highest
growth rate over the forecast period due to the
increasing urbanization in Asia Pacific, which
has resulted in an increasing volume of urban
commuters driving into cities every day,
resulting in increasing traffic congestion
problems.
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Hybrid Smart Parking Platform Market Forecast To
2023
Global Hybrid Smart Parking Platform Market -
Competitive Analysis

• Leading players in the global hybrid smart
  parking platform market include Robert Bosch
  GmbH, Acer Inc., Huawei Technologies Co. Ltd.,
  Siemens AG, NuPark, Kapsch TrafficCom AG, IPS
  Group Inc., Tata Elxsi, Libelium, and Streetline.
  
• In July 2019, ParkMobile launched a new smart
  parking facility in Montgomery, AL.

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