Smart Parking Market Analysis| COVID-19 Impact and Opportunity
Segmentation The global Smart Parking Market Analysis has been segmented on the basis of parking site, technology, and regions. Parking site has been segmented into on-street, and off-street. Off street parking is more commonly preferred as it is the safer parking method as opposed to on-street parking. The off-street parking segmented captured a market share of 68.45% and is expected to retain its leadership position. Technology has been segmented to include SmartApp, in-ground vehicle detection sensor, RFID, ultrasonic, and others. The SmartApp segment accounted for a share of 34.14% which makes it the largest segment in the market. SmartApp is increasingly popular as the integrated technology can be used to assist drivers in real time to find available parking spots. Regions covered in the report include Europe, North America, Asia Pacific and the Rest of the World. Regional Analysis The Asia Pacific has emerged as the largest region in the global Smart Parking Mar...