Smart Parking Platforms Are the Answer to Increasing Parking Challenges

New ARC Advisory Group research on the smart parking platforms market reveals a dynamic market that continues to evolve, develop, and expand.  Cities worldwide are facing a bevy of challenges as they continue to grow rapidly, with congestion, air pollution, frustration, and stress on the part of citizens chief among them.

“Circling city blocks searching for an open parking space is a major cause of congestion and adds appreciably to a city’s emissions level, both of air pollutants and greenhouse gases.  Finding a space is near impossible in some places yet other spaces remain vacant or underutilized.  Payment is often clumsy.  The difficulty that parking adds sours perception of the city in the eyes of citizens and visitors.  From a business perspective, customers are less likely to shop in areas with notorious parking situations.  To address these challenges and improve their parking outcomes, cities, companies, universities, airports, retailers, and others are turning to smart parking solutions,” according to Eddie Fidler, Industry Analyst at ARC Advisory Group and key author of ARC’s Smart Parking Platforms Global Market Research report.

About the Smart Parking Platforms Research

This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the smart parking platforms market.  This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques.  The research includes competitive analysis, plus five-year market forecasts by region, revenue type, space type, and sensor type. 

This new research is available as a Concise Market Analysis Report (PDF), providing an executive-level summary of the current market dynamics, market forecasts, supplier recommendations, and an overview of strategic issues.

For more information on this and other available ARC market research, please visit our Market Data & Studies section.

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