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Smart Parking Systems Market Size, Share & Trends Analysis Report by Hardware, by Software, by Service, by Type, by Application, by Region, and Segment Forecasts, 2020 - 2027

  • ID: 3765916
  • Report
  • March 2020
  • Region: Global
  • 170 pages
  • Grand View Research

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FEATURED COMPANIES

  • Altiux Innovations
  • Cisco Systems, Inc.
  • Kapsch TrafficCom
  • Parkeon
  • ParkMe Inc.
  • SKIDATA AG
  • MORE
The global smart parking systems market size is expected to reach USD 14.3 billion by 2027, registering a CAGR of 17.4% over the forecast period. An anticipated upsurge in demand for these systems for transport transit and commercial applications is expected to drive the growth in the market. Rising demand for hassle-free parking coupled with the advances in technology are anticipated to propel market growth over the forecast period.

Favorable government initiatives and increasing public sector funding to roll out solutions aimed at addressing traffic congestion issues are anticipated to drive the market. Furthermore, the inclusion of sophisticated features, such as voice guidance and auto-payment options enabled through smartphone apps, are also projected to fuel the growth of the market. Various parking lots are integrating Automatic Number Plate Recognition (ANPR) systems to effectively manage vehicle at parking areas and access control systems.

Ensuring adequate parking space is turning out to be a challenge for civic administrations as the number of automobiles continues to increase. The demand for intelligent systems is rising across the globe as a result. These systems can effectively address traffic congestion issues and space-related concerns. They can also open potential opportunities for reusing commercial and municipal areas and garages, thereby reducing fuel consumption, curtailing vehicular emissions, and subsequently making the cities cleaner and greener.

However, a looming lack of funding initiatives as well as organizational awareness about the advantages associated with smart parking, particularly in underdeveloped regions, is anticipated to restrain the growth of the market over the forecast period. Moreover, the non-availability of supporting infrastructure in these regions is further hampering market growth. The high implementation cost of these systems is anticipated to act as a challenge for smart parking systems industry growth over the forecast period.

key findings from the report suggest:
  • The hardware segment is expected to continue its dominance over the forecast period due to the decisive role various hardware components play in detecting the presence of the vehicles in parking slots
  • The signage segment is expected to grow significantly over the forecast period, as signage can help in preventing confusions and the resultant mishaps by guiding drivers in appropriate directions.
  • The parking guidance system uses communication, traffic monitoring, and processing and variable message sign technologies to guide vehicle drivers to available spaces
  • The consulting services segment is expected to witness significant growth over the forecast period. Consulting services envisage providing an analysis of the volume of traffic that needs to be managed and recommending potential solutions according to the need
  • Off-street segment dominated the market as it offers easy and swift pay-and-park solutions, which can distribute tickets automatically, thereby reducing congestions at entrances.
  • The government segment is expected to witness phenomenal growth owing to the increasing need for managing on-road vehicles and minimizing fuel emissions
  • The European region is anticipated to continue its dominance over the forecast period. The continued interest of automobile manufacturers in the region in developing intelligent parking systems is anticipated to drive the growth of the regional market.
  • On-demand valet parking coupled with the increasing demand for parking management systems at public venues,including shopping malls and sports complexes, in countries, such as Japan and China, is expected to fuel the demand for these systems in the Asia Pacific region.
  • The key players in the market include Amano McGann, Inc., SKIDATA AG., Parkmobile LLC, ParkMe, Inc., Robert Bosch GmbH, and Nedap N.V.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Altiux Innovations
  • Cisco Systems, Inc.
  • Kapsch TrafficCom
  • Parkeon
  • ParkMe Inc.
  • SKIDATA AG
  • MORE
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources

Chapter 2 Executive Summary
2.1 Smart Parking System Market - Industry Snapshot & Key Buying Criteria, 2016 - 2027
2.2 GlobalSmart Parking System Market, 2016 - 2027
2.2.1 Global smart parking system market, by region, 2016 - 2027
2.2.2 Global smart parking system market, by component, 2016 - 2027
2.2.2.1 Global smart parking system market, by hardware, 2016 - 2027
2.2.2.2 Global smart parking system market, by software, 2016 - 2027
2.2.2.3 Global smart parking system market, by service, 2016 - 2027
2.2.3 Global smart parking system market, by type, 2016 - 2027
2.2.3.1 Global smart parking system market, by off-street parking, 2016 - 2027
2.2.4 Global smart parking system market, by application, 2016 - 2027

Chapter 3 Smart Parking System Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Smart Parking System Market - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Smart Parking System Market - Workflow Analysis
3.5 Smart Parking System Market Dynamics
3.5.1 Market driver analysis
3.5.1.1 Increasing traffic congestion propelling the demand for improved smart parking solutions
3.5.1.2 Advancements in technologies
3.5.1.3 Increasing investments in smart city projects
3.5.2 Market challenge analysis
3.5.2.1 Reduced precision in vehicle detection
3.6 Smart Parking System Market - Company Market Share Analysis, 2019
3.7 Penetration and Growth Prospect Mapping
3.8 Parking Spaces in the U.S.
3.9 Smart Parking System Market - Porter’s Five Forces Analysis
3.10 Smart Parking System Market - PESTEL Analysis

Chapter 4 Smart Parking System Hardware Outlook
4.1 Smart Parking System Market Share by Hardware, 2019
4.2 Pucks (wireless sensors)
4.2.1 Smart parking pucks (wireless sensors) market, 2016 - 2027
4.3 Cameras and LPRs
4.3.1 Smart parking cameras and LPRs market, 2016 - 2027
4.4 Smart Meters
4.4.1 Smart parking meters market, 2016 - 2027
4.5 Signage
4.5.1 Smart parking signage market, 2016 - 2027
4.6 Parking Gates
4.6.1 Smart parking gates market, 2016 - 2027

Chapter 5 Smart Parking System Software Outlook
5.1 Smart Parking System Market Share, by Software, 2019
5.2 Parking Guidance System
5.2.1 Smart parking guidance system market, 2016 - 2027
5.3 Analytics Solutions
5.3.1 Smart parking analytics solution market, 2016 - 2027

Chapter 6 Smart Parking System Service Outlook
6.1 Smart Parking System Market Share, by Service, 2019
6.2 Consulting Services
6.2.1 Smart parking system consulting services market, 2016 - 2027
6.3 Engineering Services
6.3.1 Smart parking system engineering services market, 2016 - 2027
6.4 Mobile App Parking Services
6.4.1 Smart parking system mobile app parking services market, 2016 - 2027

Chapter 7 Smart Parking System Type Outlook
7.1 Smart Parking System Market Share by Type, 2019
7.2 On-street
7.2.1 On-street smart parking system market, 2016 - 2027
7.3 Off-street
7.3.1 Off-street smart parking system market, 2016 - 2027
7.3.2 Garage parking
7.3.2.1 Garage smart parking system market, 2016 - 2027
7.3.3 Lot parking
7.3.3.1 Lot smart parking system market, 2016 - 2027

Chapter 8 Smart Parking System Application Outlook
8.1 Smart Parking System Market Share by Application, 2019
8.2 Commercial
8.2.1 Smart parking system market in commercial applications, 2016 - 2027
8.3 Government
8.3.1 Smart parking system market in government applications, 2016 - 2027
8.4 Transport Transit
8.4.1 Smart parking system market in transport transit applications, 2016 - 2027

Chapter 9 Smart Parking System Regional Outlook
9.1 Smart Parking System Market Share by Region, 2019
9.2 North America
9.2.1 North America Smart parking system market, 2016 - 2027
9.2.2 North America Smart parking system market, by component, 2016 - 2027
9.2.2.1 North America smart parking system market, by hardware, 2016 - 2027
9.2.2.2 North America smart parking system market, by software, 2016 - 2027
9.2.2.3 North America smart parking system market, by service, 2016 - 2027
9.2.3 North America smart parking system market, by type, 2016 - 2027
9.2.3.1 North America smart parking system market, by off-street parking, 2016 - 2027
9.2.4 North America smart parking system market, by application, 2016 - 2027
9.2.5 U.S.
9.2.5.1 U.S. smart parking system market, 2016 - 2027
9.2.5.2 U.S. smart parking system market, by component, 2016 - 2027
9.2.5.2.1 U.S. smart parking system market, by hardware, 2016 - 2027
9.2.5.2.2 U.S. smart parking system market, by software, 2016 - 2027
9.2.5.2.3 U.S. smart parking system market, by service, 2016 - 2027
9.2.5.3 U.S. smart parking system market, by type, 2016 - 2027
9.2.5.3.1 U.S. smart parking system market, by off-street parking, 2016 - 2027
9.2.5.4 U.S. smart parking system market, by application, 2016 - 2027
9.2.6 Canada
9.2.6.1 Canada smart parking system market, 2016 - 2027
9.2.6.2 Canada smart parking system market, by component, 2016 - 2027
9.2.6.2.1 Canada smart parking system market, by hardware, 2016 - 2027
9.2.6.2.2 Canada smart parking system market, by software, 2016 - 2027
9.2.6.2.3 Canada smart parking system market, by service, 2016 - 2027
9.2.6.3 Canada smart parking system market, by type, 2016 - 2027
9.2.6.3.1 Canada smart parking system market, by off-street parking, 2016 - 2027
9.2.6.4 Canada smart parking system market, by application, 2016 - 2027
9.3 Europe
9.3.1 Europe Smart parking system market, 2016 - 2027
9.3.2 Europe smart parking system market, by component, 2016 - 2027
9.3.2.1 Europe smart parking system market, by hardware, 2016 - 2027
9.3.2.2 Europe smart parking system market, by software, 2016 - 2027
9.3.2.3 Europe smart parking system market, by service, 2016 - 2027
9.3.3 Europe smart parking system market, by type, 2016 - 2027
9.3.3.1 Europe smart parking system market, by off-street parking, 2016 - 2027
9.3.4 Europe smart parking system market, by application, 2016 - 2027
9.3.5 Germany
9.3.5.1 Germany smart parking system market, 2016 - 2027
9.3.5.2 Germany smart parking system market, by component, 2016 - 2027
9.3.5.2.1 Germany smart parking system market, by hardware, 2016 - 2027
9.3.5.2.2 Germany smart parking system market, by software, 2016 - 2027
9.3.5.2.3 Germany smart parking system market, by service, 2016 - 2027
9.3.5.3 Germany smart parking system market, by type, 2016 - 2027
9.3.5.3.1 Germany smart parking system market, by off-street parking, 2016 - 2027
9.3.5.4 Germany smart parking system market, by application, 2016 - 2027
9.3.6 U.K.
9.3.6.1 U.K. smart parking system market, 2016 - 2027
9.3.6.2 U.K. smart parking system market, by component, 2016 - 2027
9.3.6.2.1 U.K. smart parking system market, by hardware, 2016 - 2027
9.3.6.2.2 U.K. smart parking system market, by software, 2016 - 2027
9.3.6.2.3 U.K. smart parking system market, by service, 2016 - 2027
9.3.6.3 U.K. smart parking system market, by type, 2016 - 2027
9.3.6.3.1 U.K. smart parking system market, by off-street parking, 2016 - 2027
9.3.6.4 U.K. smart parking system market, by application, 2016 - 2027
9.4 Asia Pacific
9.4.1 Asia Pacific Smart parking system market, 2016 - 2027
9.4.2 Asia Pacific smart parking system market, by component, 2016 - 2027
9.4.2.1 Asia Pacific smart parking system market, by hardware, 2016 - 2027
9.4.2.2 Asia Pacific smart parking system market, by software, 2016 - 2027
9.4.2.3 Asia Pacific smart parking system market, by service, 2016 - 2027
9.4.3 Asia Pacific smart parking system market, by type, 2016 - 2027
9.4.3.1 Asia Pacific smart parking system market, by off-street parking, 2016 - 2027
9.4.4 Asia Pacific smart parking system market, by application, 2016 - 2027
9.4.5 China
9.4.5.1 China smart parking system market, 2016 - 2027
9.4.5.2 China smart parking system market, by component, 2016 - 2027
9.4.5.2.1 China smart parking system market, by hardware, 2016 - 2027
9.4.5.2.2 China smart parking system market, by software, 2016 - 2027
9.4.5.2.3 China smart parking system market, by service, 2016 - 2027
9.4.5.3 China smart parking system market, by type, 2016 - 2027
9.4.5.3.1 China smart parking system market, by off-street parking, 2016 - 2027
9.4.5.4 China smart parking system market, by application, 2016 - 2027
9.4.6 India
9.4.6.1 India smart parking system market, 2016 - 2027
9.4.6.2 India smart parking system market, by component, 2016 - 2027
9.4.6.2.1 India smart parking system market, by hardware, 2016 - 2027
9.4.6.2.2 India smart parking system market, by software, 2016 - 2027
9.4.6.2.3 India smart parking system market, by service, 2016 - 2027
9.4.6.3 India smart parking system market, by type, 2016 - 2027
9.4.6.3.1 India smart parking system market, by off-street parking, 2016 - 2027
9.4.6.4 India smart parking system market, by application, 2016 - 2027
9.4.7 Japan
9.4.7.1 Japan smart parking system market, 2016 - 2027
9.4.7.2 Japan smart parking system market, by component, 2016 - 2027
9.4.7.2.1 Japan smart parking system market, by hardware, 2016 - 2027
9.4.7.2.2 Japan smart parking system market, by software, 2016 - 2027
9.4.7.2.3 Japan smart parking system market, by service, 2016 - 2027
9.4.7.3 Japan smart parking system market, by type, 2016 - 2027
9.4.7.3.1 Japan smart parking system market, by off-street parking, 2016 - 2027
9.4.7.4 Japan smart parking system market, by application, 2016 - 2027
9.5 Latin America
9.5.1 Latin America Smart parking system market, 2016 - 2027
9.5.2 Latin America smart parking system market, by component, 2016 - 2027
9.5.2.1 Latin America smart parking system market, by hardware, 2016 - 2027
9.5.2.2 Latin America smart parking system market, by software, 2016 - 2027
9.5.2.3 Latin America smart parking system market, by service, 2016 - 2027
9.5.3 Latin America smart parking system market, by type, 2016 - 2027
9.5.3.1 Latin America smart parking system market, by off-street parking, 2016 - 2027
9.5.4 Latin America smart parking system market, by application, 2016 - 2027
9.5.5 Brazil
9.5.5.1 Brazil smart parking system market, 2016 - 2027
9.5.5.2 Brazil smart parking system market, by component, 2016 - 2027
9.5.5.2.1 Brazil smart parking system market, by hardware, 2016 - 2027
9.5.5.2.2 Brazil smart parking system market, by software, 2016 - 2027
9.5.5.2.3 Brazil smart parking system market, by service, 2016 - 2027
9.5.5.3 Brazil smart parking system market, by type, 2016 - 2027
9.5.5.3.1 Brazil smart parking system market, by off-street parking, 2016 - 2027
9.5.5.4 Brazil smart parking system market, by application, 2016 - 2027
9.6 MEA
9.5.1 MEA Smart parking system market, 2016 - 2027
9.5.2 MEA smart parking system market, by component, 2016 - 2027
9.5.2.1 MEA smart parking system market, by hardware, 2016 - 2027
9.5.2.2 MEA smart parking system market, by software, 2016 - 2027
9.5.2.3 MEA smart parking system market, by service, 2016 - 2027
9.5.3 MEA smart parking system market, by type, 2016 - 2027
9.5.3.1 MEA smart parking system market, by off-street parking, 2016 - 2027
9.5.4 MEA smart parking system market, by application, 2016 - 2027

Chapter 10 Competitive Landscape
10.1 Altiux Innovations
10.1.1 Company overview
10.1.2 Product benchmarking
10.2 Amano McGann, Inc.
10.2.1 Company overview
10.2.2 Product benchmarking
10.2.3 Strategic initiatives
10.3 Amco S.A.
10.3.1 Company overview
10.3.2 Product benchmarking
10.3.3 Strategic initiatives
10.4 BMW AG (ParkNow GmbH)
10.4.1 Company overview
10.4.2 Financial performance
10.4.3 Product benchmarking
10.4.4 Strategic initiatives
10.5 Cisco Systems, Inc.
10.5.1 Company overview
10.5.2 Financial performance
10.5.3 Product benchmarking
10.5.4 Strategic initiatives
10.6 CivicSmart, Inc.
10.6.1 Company overview
10.6.2 Product benchmarking
10.6.3 Strategic initiatives
10.7 Group Techna, Inc.
10.7.1 Company overview
10.7.2 Product benchmarking
10.7.3 Strategic initiatives
10.8 Kapsch TrafficCom
10.8.1 Company overview
10.8.2 Financial performance
10.8.3 Product benchmarking
10.8.4 Strategic initiatives
10.9 Libelium Comunicaciones Distribuidas S.L.
10.9.1 Company overview
10.9.2 Product benchmarking
10.9.3 Strategic initiatives
10.10 Meter Feeder, Inc.
10.10.1 Company overview
10.10.2 Product benchmarking
10.10.3 Strategic initiatives
10.11 Mindteck
10.11.1 Company overview
10.11.2 Financial performance
10.11.3 Product benchmarking
10.11.4 Strategic initiatives
10.12 Municipal Parking Services, Inc.
10.12.1 Company overview
10.12.2 Product benchmarking
10.12.3 Strategic initiatives
10.13 Nedap N.V.
10.13.1 Company overview
10.13.2 Financial performance
10.13.3 Product benchmarking
10.13.4 Strategic initiatives
10.14 Parkeon
10.14.1 Company overview
10.14.2 Product benchmarking
10.14.3 Strategic initiatives
10.15 ParkHelp
10.15.1 Company overview
10.15.2 Product benchmarking
10.15.3 Strategic initiatives
10.16 ParkiFi LLC
10.16.1 Company overview
10.16.2 Product benchmarking
10.16.3 Strategic initiatives
10.17 ParkJockey
10.17.1 Company overview
10.17.2 Product benchmarking
10.17.3 Strategic initiatives
10.18 ParkMe Inc.
10.18.1 Company overview
10.18.2 Product benchmarking
10.18.3 Strategic initiatives
10.19 Parkmobile, LLC
10.19.1 Company overview
10.19.2 Product benchmarking
10.19.3 Strategic initiatives
10.20 Robert Bosch GmbH
10.20.1 Company overview
10.20.2 Financial performance
10.20.3 Product benchmarking
10.20.4 Strategic initiatives
10.21 Siemens AG
10.21.1 Company overview
10.21.2 Financial performance
10.21.3 Product benchmarking
10.21.4 Strategic initiatives
10.22 SKIDATA AG
10.22.1 Company overview
10.22.2 Product benchmarking
10.22.3 Strategic initiatives
10.23 Smart Parking Ltd.
10.23.1 Company overview
10.23.2 Product benchmarking
10.23.3 Strategic initiatives
10.24 SpotHero, Inc.
10.24.1 Company overview
10.24.2 Product benchmarking
10.24.3 Strategic initiatives
10.25 Swarco AG
10.25.1 Company overview
10.25.2 Product benchmarking
10.25.3 Strategic initiatives
10.26 Urbiotica, S.L.
10.26.1 Company overview
10.26.2 Product benchmarking
10.26.3 Strategic initiatives
10.27 WorldSensing S.L.N.E
10.27.1 Company overview
10.27.2 Product benchmarking
10.27.3 Strategic initiatives
10.28 Xerox Corporation
10.28.1 Company overview
10.28.2 Financial performance
10.28.3 Product benchmarking
10.29 Deteq Solutions
10.29.1 Company overview
10.29.2 Financial performance
10.29.3 Product benchmarking
Note: Product cover images may vary from those shown
  • Altiux Innovations
  • Amano McGann, Inc.
  • Amco S.A.
  • BMW AG (ParkNow GmbH)
  • Cisco Systems, Inc.
  • CivicSmart, Inc.
  • Group Techna, Inc.
  • Kapsch TrafficCom
  • Libelium Comunicaciones Distribuidas S.L.
  • Meter Feeder, Inc.
  • Mindteck
  • Municipal Parking Services, Inc.
  • Nedap N.V.
  • Parkeon
  • ParkHelp
  • ParkiFi LLC
  • ParkJockey
  • ParkMe Inc.
  • Parkmobile, LLC
  • Robert Bosch GmbH
  • Siemens AG
  • SKIDATA AG
  • Smart Parking Ltd.
  • SpotHero, Inc.
  • Swarco AG
  • Urbiotica, S.L.
  • WorldSensing S.L.N.E
  • Xerox Corporation
  • Deteq Solutions
Note: Product cover images may vary from those shown

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