Selbyville, DE -- (SBWIRE) -- 01/02/2019 -- Global Hybrid Smart Parking Platform market size will reach 2830 million US$ by 2025, from 790 million US$ in 2018, at a CAGR of 17.4% during the forecast period. In this study, 2017 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Hybrid Smart Parking Platform.

The research report on the Hybrid Smart Parking Platform market is an in-depth analysis of the industry in question, in conjunction with the precise gist of its segmentation. A highly reliable evaluation of the present scenario of the market has been discussed in the report, and the market size with respect to the volume and valuation has also been provided. Furthermore, the study is a comprehensive collection of essential data with respect to the competitive spectrum of this industry as well as the myriad geographies where the Hybrid Smart Parking Platform market has profitably established its presence.

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Smart parking solutions are a need for today owing to the increasing number of vehicles and the lack of parking spaces. Many companies are investing into the smart parking management market. Streetline has been recognized by Frost & Sullivan with the global product line strategy leadership award for the year 2016.
Streetline uses machine learning techniques to deploy hybrid smart parking platform in order to merge data that is collected for real time parking guidance and analytics. Streetline is considered to be a world leader in smart parking solutions and management.

North America region holds the largest market share of global hybrid smart parking platform market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing number of vehicles on street and growing awareness about pollution measures in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies and better connectivity for real time data streaming.

Hybrid smart parking platform market has been segmented on the basis of component, parking type, solution and application. The parking type segment is further bifurcated into on street parking and off street parking. On street parking refers to parking of vehicles along the streets whereas off street parking refers to parking of vehicles in the garages and parking lots. This is owning to the growing demand for smart city solutions and increasing need for parking space management in order to avoid traffic congestion and maintain better air quality by reducing the traffic problems.

Hybrid smart parking platform helps in optimizing parking resources with continuous streaming of data from streets. It offers real time analysis of data and accurate results on parking occupancy based on multiple data sources.

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A brief coverage of the Hybrid Smart Parking Platform market report:

Pivotal highlights included in the research study:

- A brief evaluation of the product terrain of the Hybrid Smart Parking Platform market, effectively classified into Hardware, Software and Service.

- In-depth information regarding the price trends and the production volume.

- The market share accrued by every product in the Hybrid Smart Parking Platform market, production growth, and the valuation that each product holds.

- A detailed summary of the application terrain of the Hybrid Smart Parking Platform market, briefly segmented into Government, Residential and Commercial.

- Extensive details with regards to the market share procured by every application, in addition to substantial information about the product consumption by every application and the growth rate that each application is projected to record over the forecast timeframe.

- The market concentration rate and production rate of raw material.

- The sales and price trends prevalent in the Hybrid Smart Parking Platform market and the projected growth trends for this business space.

- An in-depth analysis of the marketing strategy, encompassing the marketing channels that prominent manufacturers adopt to market their products (direct and indirect marketing, in this case, for instance).

- Appreciable information regarding the market positioning and the marketing channel development trend.
With respect to the market positioning, the report discusses at length, the parameters such as brand tactics, target clients, and myriad pricing strategies.

- The numerous distributors that constitute the supply chain, pivotal suppliers, and the fluctuating price patterns of raw material.

- The manufacturing cost structure, further elaborated into manufacturing costs and labor expenses.

- Substantial details regarding the sourcing strategies, industrial chain analysis, and downstream buyers.
An in-depth run-through of the regional and competitive landscapes of the Hybrid Smart Parking Platform market:

- The Hybrid Smart Parking Platform market report encompasses a detailed analysis of the competitive spectrum of this business vertical, constituting companies like Streetline, Libelium, Tata Elxsi, IPS Group, Kapsch TrafficCom, NuPark, Siemens, Robert Bosch, Huawei Technologies and Acer.

- Information pertaining to the market share that each firm accounts for and the sales area have been provided.

- The numerous products manufactured by the companies, product details, specifications, and applications have been mentioned.

- The report includes a generic outline of the firm, and the gross margins and price trends.

- The study is inclusive of the regional spectrum of the Hybrid Smart Parking Platform market, classified into United States, China, Europe, Japan, Southeast Asia & India.

- Information subject to the market share that every region accounts for, in tandem with the growth prospects and the capacity have been outlined in the report.

- The growth rate recorded by every region over the forecast duration has been presented in the report.

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