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According to a new report, published by KBV research, the North America Smart Parking Market Size would witness market growth of 9.1% CAGR during the forecast period (2018-2024).
The US market dominated the North America Ultrasonic Smart Parking Market by Country 2017, growing at a CAGR of 9 % during the forecast period. The Canada market is expected to witness a CAGR of 12.2% during (2018-2024). Additionally, The Mexico market is expected to witness a CAGR of 11.2% during (2018-2024).
The Commercial market would dominate the North America Smart Parking Market by End User by 2024, growing at a CAGR of 8.4 % during the forecast period. The Government market is expected to witness a CAGR of 11.2% during (2018-2024).
The Security & Surveillance market dominated the Canada Smart Parking Market by Application 2017, thereby, achieving a market value of $170.3 million by 2024. The Smart Payment System market is expected to witness a CAGR of 11.7% during (2018-2024). Additionally, The License Plate Recognition market is expected to witness highest CAGR of 12.1% during (2018-2024).
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.
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