Smart Parking Meter Market
Smart Parking Meter Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Smart Parking Meter Market Size and Growth
The Smart Parking Meter market is experiencing robust growth, driven by increasing urbanization and the demand for efficient parking solutions. The market size is projected to reach approximately $1.2 billion by 2025, reflecting a compound annual growth rate of 15%. Innovations in technology and rising adoption of smart city initiatives fuel this expansion.
Companies Covered
(Covid 19 Impact Covered)
◍ CivicSmart
◍ IPS Group
◍ LocoMobi
◍ Parking BOXX
◍ METRIC Group
◍ Ventek International
The Smart Parking Meter Market features key players like CivicSmart, IPS Group, LocoMobi, Parking BOXX, METRIC Group, and Ventek International. These companies enhance user convenience, optimize parking efficiency, and facilitate revenue growth with innovative technologies. Sales figures include IPS Group at $25 million and LocoMobi at $20 million annually.
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Market Segmentation
By Application
◍ Government Institutions
◍ Medical Institutions
◍ Malls & Stadiums
◍ Transit Systems
◍ Residential
◍ Others
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By Product
Single Space
Multi Space
Market Growth
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$ 17.91 Billion
