PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1160806
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1160806
Global Market to Reach $18 Billion By 2030 With IoT, Blockchain, and RFID Reshaping Business Models and Enhancing Management Solutions
This study offers strategic insights into the technologies and trends affecting the smart parking market. Digital technologies, such as IoT, 5G, and blockchain, have helped consumers locate parking lots through cell phones and vehicle infotainment systems. Image processing, RFID, and ground sensors have simplified the parking monitoring process with less labor dependency.
Frost & Sullivan provides insights on strategies for different types of smart parking systems and their working methods. The research team conducted case studies on market participants, highlighting technology trends. The study also provides information on the advantages of different smart parking systems and how parking operators will benefit by implementing effective smart systems in their lots. The study is global and includes North America; Latin America; Europe; and Asia-Pacific (APAC), excluding China.
By providing an industry overview from multiple angles, this research service seeks to achieve the following objectives: