Smart Parking Market in Western Europe 2016-2020

  • ID: 3802135
  • Report
  • Region: Europe, Western Europe
  • 58 pages
  • TechNavio
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FEATURED COMPANIES

  • 3M
  • HCL
  • Nedap Mobility Solutions
  • ParkMe (INRIX)
  • Siemens
  • Swarco
  • MORE
About Smart Parking

Smart parking is a vehicle parking system that helps drivers find a parking space at minimal cost. It consists of sensors, apps, smart parking meters, and mobile phone automated payment systems that allow drivers to reserve parking in advance and pay by credit card or cash.

The analysts forecast the smart parking market in Western Europe to grow at a CAGR of 13.7% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the smart parking market in Western Europe for 2016-2020. The report has taken into consideration the sales of smart parking systems, solutions, and sensors.

The market is divided into the following segments based on type of parking space:
- Off-street parking
- On-street parking

The report, Smart Parking Market in Western Europe 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- IPS Group, Inc.
- Libelium Comunicaciones Distribuidas S. L
- Parkeon
- Streetline (Kapsch TrafficCom)
- TransCore, LP

Other prominent vendors
- 3M
- Aeris Communications
- Cisco Systems
- Deutsche Telekom
- Gemalto
- HCL
- IBM
- Jasper Technologies
- MSR-Traffic
- Nedap Mobility Solutions
- Orange Business Services
- Oti (PARX)
- ParkHelp
- ParkMe (INRIX)
- Parkmobile
- Parkopedia
- Q-Park
- Q-Park
- Serco
- Siemens
- Sierra Wireless
- SKIDATA
- Smart Parking
- Swarco
- Synapt (Prodapt Solutions)
- T2 Systems
- Telensa
- TeliaSonera
- Urbiotica
- Vodafone
- World Sensing
- Xerox

Market drivers
- Increased adoption of smart parking sensors
- For a full, detailed list, view the full report

Market challenges
- Concerns related to security and network integration
- For a full, detailed list, view the full report

Market trends
- Dynamic pricing for parking
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

  • 3M
  • HCL
  • Nedap Mobility Solutions
  • ParkMe (INRIX)
  • Siemens
  • Swarco
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by type of parking space
  • Smart parking market segmentation by type of parking space in Western Europe
  • On-street parking
  • Off-street parking
PART 07: Market drivers

PART 08: Impact of drivers

PART 09: Market challenges

PART 10: Impact of drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape
  • Competitive scenario
  • Recent news
  • Key vendor analysis
  • Other prominent vendors
PART 13: Appendix
  • List of abbreviations
PART 14: About the Author

List of Exhibits
Exhibit 01: Vendor offerings
Exhibit 02: LTE adoption in Europe 2014-2020 (millions)
Exhibit 03: Global LTE subscriptions 2015
Exhibit 04: Smartphone penetration in Western Europe 2011-2015
Exhibit 05: Smart parking technology features
Exhibit 06: Smart parking process
Exhibit 07: Smart parking market in Western Europe 2015-2020 ($ millions)
Exhibit 08: Car parking statistics in Western Europe 2014
Exhibit 09: Car parking spaces based on categories 2014
Exhibit 10: Car parking spaces by country 2014
Exhibit 11: Internet-connected car shipments in Western Europe 2015-2020 (million units)
Exhibit 12: Five forces analysis
Exhibit 13: Smart parking market segmentation by type of parking space in Western Europe 2015-2020 ($ millions)
Exhibit 14: Smart parking market in Western Europe by on-street parking 2015-2020 ($ millions)
Exhibit 15: Smart parking market in Western Europe by off-street parking 2015-2020 ($ millions)
Exhibit 16: Generic model for parking sensor systems
Exhibit 17: Impact of drivers
Exhibit 18: Impact of drivers and challenges
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FEATURED COMPANIES

  • 3M
  • HCL
  • Nedap Mobility Solutions
  • ParkMe (INRIX)
  • Siemens
  • Swarco
  • MORE
New Report Released: – Smart Parking Market in Western Europe 2016-2020

The author of the report recognizes the following companies as the key players in the smart parking market in western Europe: IPS Group, Libelium Comunicaciones Distribuidas, Parkeon, Streetline, and TransCore.

Other Prominent Vendors in the market are: 3M, Aeris Communications, Cisco Systems, Deutsche Telekom, Gemalto, HCL, IBM, Jasper Technologies, MSR-Traffic, Nedap Mobility Solutions, Orange Business Services, Oti (PARX), ParkHelp, ParkMe (INRIX), Parkmobile, Parkopedia, Q-Park, Serco, Siemens, Sierra Wireless, SKIDATA, Smart Parking, Swarco, Synapt, T2 Systems, Telensa, TeliaSonera, Urbiotica, Vodafone, World Sensing, and Xerox.

Commenting on the report, an analyst from the research team said: “Dynamic pricing for parking will be a key trend for market growth. A large number of parking facility providers use dynamic pricing to manage the demand and supply of available parking spaces. Parking providers give a choice to drivers to either pay more and walk less or pay less and walk an extra block. The sensors available in parking places track the availability of parking spaces and transmit the information directly to the drivers on their smartphones with price details.”

According to the report, increased adoption of smart parking sensors will be a key driver for market growth. Smart parking aids in reducing traffic congestions in highly populated areas. Smart parking systems use sensors that are deployed in the center of a parking area. The data gathered from these sensors helps get information regarding the number of standby vehicles and the number of vehicles in the queue to acquire parking space. The data also helps analyze and process traffic flow and notify passengers with relevant alerts. This solution reduces the level of parking-related issues and driver anxiety. For instance, Ascendum delivers an embedded widget that shows the available parking spaces in nearby regions. This intelligent parking solution reduces the delay in parking apart from saving fuel. In addition, it helps reduce carbon emissions and other pollutants.

Further, the report states that high maintenance costs will be a challenge for the market. The deployment of parking management system software is an expensive process as it needs a conservative procedure of defining requirements. Implementing a complete on-premise or cloud-based parking technology solution takes a long time and is very expensive. This increases the criticality of the process because once the deployment begins, it will become very difficult to make any changes. It also requires expensive additional infrastructure and additional time and money to ensure that system integration is done effectively. In addition, some vendors provide technical support only if users purchase software updates. Many vendors use their old hardware, which may lack the basic capabilities required to integrate with new devices.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- IPS Group
- Libelium Comunicaciones Distribuidas
- Parkeon
- Streetline
- TransCore
- 3M
- Aeris Communications
- Cisco Systems
- Deutsche Telekom
- Gemalto
- HCL
- IBM
- Jasper Technologies
- MSR-Traffic
- Nedap Mobility Solutions
- Orange Business Services
- Oti (PARX)
- ParkHelp
- ParkMe (INRIX)
- Parkmobile
- Parkopedia
- Q-Park
- Serco
- Siemens
- Sierra Wireless
- SKIDATA
- Smart Parking
- Swarco
- Synapt
- T2 Systems
- Telensa
- TeliaSonera
- Urbiotica
- Vodafone
- World Sensing
- Xerox
Note: Product cover images may vary from those shown
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