Businesses set for a 11.11% CAGR
India’s Smart Parking Market is expected to reach US$534.28 million by 2027, growing at a CAGR of 11.11%, from an estimated US$315.5 million in 2022, according to ResearchAndMarkets report released on 1 Apr 2022.
Market Segmentation
India’s Smart Parking Market is segmented based on Type, Technology, Application, End-User, Hardware, Service, and Software Outlook.
Type, the market is classified into Off-Street, and On-Street.
Technology, the market is classified into the Internet of Things (IoT), Ultrasonic, and RFID.
Application, the market is classified into Security and Surveillance, Smart Payment Systems, E-Parking, and License Plate Recognition.
End-User, the market is classified into Commercial, Government, and Transport Transit.
Hardware, the market is classified into Pucks, Cameras and LPRs, Smart Meters, Signage, and Parking gate.
Service, the market is classified into Consulting Services, Engineering Services, and Mobile App Parking Services.
Software Outlook, the market is classified into Parking Guidance System and Analytics Solution.
Company Profiles
Altiux Innovations
BMW Group
Continental AG
Daimler AG
Flowbird
Get My Parking
Mindteck
Park Smart
ParkingRhino
Robert Bosch GmbH
RR Parkon
Secure Parking
Siemens AG
Smart City Parking
Valeo S.A
ValetEZ
Volkswagen AG. fiinews.com
