Smart Parking System is an intelligent parking system that uses the cloud and includes a variety of smart solutions including software, sensors, wireless technology and machine learning.
Smart Parking System is a system to provide efficient parking through intelligent dispatching of parking tickets or licenses. The system uses a central database that stores information about vehicles, drivers and users as well as driver profiles, including driving habits and vehicle characteristics. The vending machine is an intuitive user interface with pricing rules to allow clients to customize their parking experience based on availability, departure time and other conditions set by the user.
Smart Parking System (SPS) is a technology that allows for parking management and smart parking space control. It is currently used in Singapore, Korea and the United States. Our SPS system allows us to manage on-street parking as well as off-street parking spaces. We expect that it will be implemented in many more locations around the world following its successful implementation in these markets.
Smart Parking System is a set of algorithms that have been reverse engineered to provide the same results as humans. It is also known as Self-Driving Parking Lot, Self-Parking, Automated Parking Lot, and more recently in China they call this 3D parking system Smart Parking. The main performance of Smart Parking System is to detect the opening and closing of car doors to decide when to open and close the gates. Many other features such as: wait time estimation, time reserve estimation and notifications are used in the self-parking systems.
The global Smart Parking System market was valued at US$ 4327.4 million in 2022 and is anticipated to reach US$ 10010 million by 2029, witnessing a CAGR of 15.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Smart Parking System Market available at: https://www.themarketreports.com/report/global-smart-parking-system-market-research-report
This report aims to provide a comprehensive presentation of the global market for Smart Parking System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Parking System.
Global key players of smart parking system include Amano Corporation, Cubic Corporation, Swarco AG, etc. The top three players hold a share nearly 23%. Service providers of smart parking system are mainly located in Japan, Europe, United States, and China, they occupied for a share over 40%. Asia-Pacific is the largest market, has a share about 35%, followed by North America and Europe, with share 31% and 27%, separately.
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