Crowdsourced Smart Parking Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
Crowdsourced Smart Parking Market study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players.
Crowdsourced smart parking is a system that helps drivers to identify parking spots via smartphones or electronic street panels. This system provides data regarding unoccupied parking spaces available for parking, which is helpful for avoiding congestion on-street as well as off-street. This system can be installed in public places such as shopping malls, airports, hospitals, ofce buildings, and residential communities among others. The goal of the system is to automate and decrease time spent on manually searching for a parking spot. Browse Complete Report For More Information @ https://www.coherentmarketinsights.com/ongoing-insight/crowdsourced-smartparking-market-1863 Growing concern for parking along with increasing adoption of vehicles are factors driving growth of the market Major factors driving growth of the crowdsourced smart parking market include increasing demand for vehicles, globally. For instance, according to International Organization of Motor Vehicle Manufacturers statistics (OICA), the total number of vehicles sold in 2016 was 94 million units, which increased to 96 million units in 2017, globally. Rising adoption of vehicles is resulting in high trafc congestion, which in turn, is increasing the demand for crowdsourced smart parking to ease trafc congestion, which further helps save the time, cost, and fuel. The