DUBLIN—Research and Markets has announced the addition of the "Smart Parking Systems Market - Forecast to 2021" report to their offering.

Traffic congestion caused by vehicles is an alarming problem at global scale and it has been growing at a tremendous rate. Smart Parking System provides solutions to these problems by using advanced technologies. These systems provide real-time parking information to make it easier to find parking spaces.

Smart Parking System thus reduces the car emission by curtailing the need for people to needlessly travel for finding parking spots. Sensor networks are used for providing the information regarding empty parking spaces. Smart Parking Systems are mainly used in multi-level parking lots in commercial complex. They are also used for on-road/off-road parking.

In 2015, the major market share was dominated by North America; and it is expected to grow even further in the forecasted period. Asia-Pacific and South America are the fast growing markets for Smart Parking Systems. The growth rate is higher especially in countries like China, India, Brazil and South Korea. The factors which will drive the market are sustainable transportation policy, new business models, low prices and efficient parking. The rising awareness regarding smart parking systems will be a major factor in the growth of this market.

Key Players:

  • Libelium Communicaciones Distribuidas S.L (Spain)
  • Urbiotica S.L (Spain)
  • Worldsensing S.L (Spain)
  • Streetline, Inc. (The U.S.)
  • Smart Parking Ltd. (Australia)
  • Deteq Solutions Ltd. (U.K)

Key Topics Covered:

1. Market Overview

2. Executive Summary

3. Market Landscape

4. Market Forces

5. Strategic Analysis

6. Smart Parking Systems - By Type

7. Smart Parking Systems - By End User

8. Smart Parking Systems Market - By Geography

9. Market Entropy

10. Company Profiles

11. Appendix

For more information about this report visit http://www.researchandmarkets.com/research/s87cs7/smart_parking

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Related Topics: Internet of Things and M2M