Smart Parking Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022

Transparency Market

Research

Smart Parking Systems Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2015 – 2022

Published Date

2015-08-20

100 Page Report

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Press Release

Smart Parking Systems Market Expected to Reach US$ 177.10

Mn by 2022 Globally : Transparency Market Research

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Smart Parking Systems Market

REPORT DESCRIPTION

Smart parking system provides real-time information about the availability of parking space in a particular

location, thereby enabling hassle-free vehicle parking while saving on time, cost, and fuel. It consists of

low-cost sensors, real-time data collection and analytics, and automated payment systems that allow

people to find parking in desired locations and pay for it in advance.

Browse the full Smart Parking Systems Market report at

http://www.transparencymarketresearch.com/smart-parking-systems-market.html

Once deployed, the smart parking system helps in reducing exhaust emissions from cars in urban cities by

reducing the needless circling of city blocks in the search of parking space. It also efficiently manages the

availability of parking space for cities and controls illegal parking. The rapid growth in the number of

vehicles worldwide is increasing the scarcity of parking space, which is further magnifying the need for

smart and innovative parking systems. Whether at airports or shopping centers, parking issues are a

regular occurrence, in turn hurting the local business and affecting the quality of life of the city residents.

These intelligent parking management systems provide high levels of convenience to the drivers while

simplifying and automating the parking site operations. Deploying smart parking systems in cities requires

data collection and management, integration with mobile phones, and various...