“The Boston Transportation Department announced new parking meter rates across the city of Boston which will be in effect from July 1, 2019. For Back Bay, the current price of USD 3.75 per hour will remain in effect. Bulfinch Triangle USD 2.50 per hour in the area bordered by Causeway Street, Lomasney Way, Staniford Street, Merrimac Street, New Chardon Street, and North Washington Street. Fenway/Kenmore USD 2.50 per hour. South Boston Waterfront USD 3.75 per hour on all City of Boston owned streets with the exception of D Street which will be priced at USD 2.50 per hour. Motorcycle Parking USD0.50 per hour at all parking stalls including those currently located on Milk Street, Pearl Street, High Street, Batterymarch Street, Newbury Street, Exeter Street, Gloucester Street, Boylston Street, and Fairfield Street. Parking meter rates in all other metered areas of the City, such as Beacon Hill, the Financial District and the South End, will be set to USD 2.00/hour.”

The article cited AMA's "Global Smart Parking Meter Market Study" explored substantial growth of 6.71%. According to the report, Emphasizing On Development of Advanced Parking Solutions is one of the primary growth factors for the market. Increasing Demand of Smart Parking Meter to Manage Heavy Traffic is also expected to contribute significantly to the Smart Parking Meter market. Overall, Government Institutions applications of Smart Parking Meter, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Parking Mode, such as Pay & Display, is boosting the Smart Parking Meter market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Smart Parking Meter market identified that the demand is rising in many different parts of the world as "Emergence of Industry 4.0 ". Furthermore, some recent industry insights like "3rd April 2019, The Laguna Beach City Council in California approved a contract to install a smart parking guidance system to enable visitors and residents to find parking spaces via phone application." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Smart Parking Meter market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Smart Parking Meter market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Smart Parking Meter Market Study

Data Triangulation
The overall Smart Parking Meter market size is calculated using market estimation process, the Smart Parking Meter market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Smart Parking Meter market size has been validated using both top-down and bottom-up approaches.