COVID-19 Impact on Smart Parking Market Share, Analysis and Demand with Forecast to 2023
Smart parking is referred to as a vehicle parking system which allow drivers to look for vacant space in order to park the vehicle. Software and sensors assist the drivers for finding place available for parking with the help of sign and symbols. The system also helps in proper management of the vehicle by considering the availability of space and assists in optimized usage of land. Smart parking systems market comprises real-time data, sensors, and smart-phone-enabled automated payment systems which enable the users to reserve parking slot in advance. The global Smart Parking Market Share is predicted to register 10.97% CAGR during the forecast period (2017 -2023) owing to the smart cities solutions for connected demands, asserts Market Research Future (MRFR). Segmental Analysis The global Smart Parking Market Share has been segmented on the basis of technology, parking site, and region. By mode of parking site, the global Smart Parking Market Share has been s...