Latin America, Middle East and Africa Smart Parking Market to register a growth of 14% CAGR during the forecast period (2018-2024)

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According to a new report, published by KBV research, the LAMEA Smart Parking Market Size would witness market growth of 14% CAGR during the forecast period (2018-2024).

The Brazil market dominated the LAMEA Ultrasonic Smart Parking Market by Country 2017, and would continue to be a dominant market till 2024. The Argentina market is expected to witness a CAGR of 15.6% during (2018-2024). Additionally, The UAE market is expected to witness a CAGR of 13.4% during (2018 -2024).

The Commercial market dominated the LAMEA Smart Parking Market by End User 2017, and would growing at a CAGR of 13.2 % during the forecast period. The Government market is expected to witness a CAGR of 16.2% during (2018-2024).

The Security & Surveillance market dominated the UAE Smart Parking Market by Application 2017, thereby, achieving a market value of $37.7 million by 2024. The Smart Payment System market is expected to witness a CAGR of 12.9% during (2018-2024). Additionally, The License Plate Recognition market is expected to witness highest CAGR of 13.4% during (2018-2024).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Smart Parking Ltd., IEM SA, Amano Corporation (Amano Mcgann, Inc.), Urbiotica S.L., IPS Group Inc., Klaus Multiparking Systems, Swarco AG, and Dongyang PC, Inc.

LAMEA Smart Parking Market Size Segmentation

By Technology Type

  • RFID
  • Ultrasonic
  • Others Solution

By End User

  • Government
  • Commercial

By Application

  • Security & Surveillance
  • Smart Payment System
  • License Plate Recognition
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

  • Smart Parking Ltd.
  • IEM SA
  • IPS Group Inc.
  • Klaus Multiparking Systems
  • Swarco AG
  • Dongyang PC, Inc.

Related Reports:

Global Smart Parking Market Analysis (2018-2024)

North America Smart Parking Market Analysis (2018-2024)

Europe Smart Parking Market Analysis (2018-2024)

Asia Pacific Smart Parking Market Analysis (2018-2024)




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