Global Smart Parking Market Growth Forecast and Demand Analysis 2016-2024

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Report Code HiCT1007
Global Smart Parking Market Growth Forecast and
Demand Analysis 2016-2024
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Global Smart Parking Market Growth Forecast and
Demand Analysis 2016-2024
Global Smart Parking Market Outlook As cities
around the globe continue to fight with traffic
and congestion, smart parking has emerged as an
effective solution to the increasing parking
woes. Global smart parking market is one of the
emerging markets across the globe, especially in
developed countries such as U.S., Germany and
others, with steady growth as more and more
organizations realize the need to address traffic
issues and optimize the parking process. It is
finding increasing usage in places like airports,
universities, shopping centers, tourist
destinations and other areas that experience
heavy traffic. With the development of smart
cities, the market for smart parking is set to
expand further on the back of growing need of
assisted parking systems. Smart parking relies
on a variety of components such as sensors,
cameras, smart meters and uses data analytics and
advanced algorithms. It helps users identify
empty parking spots and find them in real time,
saving the time and fuel wasted in manual
searching of spots. These systems also help in
controlling the illegal parking, keep track of
parking duration and levy infringement charges
accordingly. Smart Parking also simplifies the
payment process by enabling automatic electronic
payments. The wide ranging benefits of smart
parking to both providers as well as users of
smart parking have driven the market in recent
years, and are expected to propel growth of smart
parking market over the next five to six
years. The development of Internet of Things
(IoT) technology has given a major boost to the
smart parking industry, as players use this
technology to integrate the various devices and
increase efficiency of the smart parking systems.
These advancements in technology and growing need
of connectivity in developed and developing
countries further help the market players to
expand their business in various countries.
Furthermore, the rapid adoption of wireless
technologies and evolution of near-field
communication technology are expected to bolster
the growth of smart parking market. Send Us
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Global Smart Parking Market Growth Forecast and
Demand Analysis 2016-2024

• Market Segmentation
• By Smart Parking Component
• Sensors
• Ultrasonic Sensors
• Magnetic Sensors
• Radar Sensors
• Image Sensors
• Cameras
• Smart Parking Meters
• Electronic Billing and Payment Systems
• Others (Displays, ECUs)
• By Smart Parking Site
• On Street Parking
• Off Street Parking
• By Smart Parking Service Provider
• Parking Management System Providers
• Parking Site Providers
• Electronic Payment Technology Providers
• By Smart Parking Vertical

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Global Smart Parking Market Growth Forecast and
Demand Analysis 2016-2024

• Based on Geography
• North America (US, Canada) Market Share (),
  Market Size (USD Billion), Adoption Rate ()
• Europe (UK, France, Italy, Germany, Spain,
  Hungary, Sweden, Russia, Poland and Rest of
  Europe) Market Share (), Market Size (USD
  Billion), Adoption Rate ()
• Middle East and Africa (GCC Countries, North
  Africa, South Africa and Rest of Middle East
  Africa) Market Share (), Market Size (USD
  Billion), Adoption Rate ()
• Latin America (Brazil, Mexico and Rest of Latin
  America) Market Share (), Market Size (USD
  Billion), Adoption Rate ()
• Asia Pacific (China, Japan, India, Singapore,
  South Korea, Australia, New Zealand and Rest of
  Asia-Pacific) Market Share (), Market Size (USD
  Billion), Adoption Rate ()
• Rest of the World Market Share (), Market Size
  (USD Billion),     Adoption Rate ()

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Global Smart Parking Market Growth Forecast and
Demand Analysis 2016-2024
Market Size and Forecast (2016-2024) Global smart
parking was reached USD 2.0 Billion in 2016. The
ever increasing traffic and the need to develop
efficient parking solutions is expected to drive
the market to grow at a CAGR of 18 over the
forecast period i.e. 2016-2024 and reach a
valuation of approximately USD 7.5 Billion by
2024. The demand for off street parking
constitutes the majority for the demand of smart
parking systems, amounting to over 65 of the
global smart parking market. The segment for
parking site providers accounts for majority of
the market share in overall service provider
market compared to other service providers. This
can be attributed to the fact that requirement
for parking management and payment systems arises
only when parking sites are available, thus they
are secondary to the services of parking site
providers.  
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Global Smart Parking Market Growth Forecast and
Demand Analysis 2016-2024
Global Smart Parking Market Outlook 2024 contains
detailed overview of the global smart parking
market in terms of market segmentation by
component, site, service provider, vertical and
geography. Further, for the in-depth analysis,
smart parking market report encompasses the
industry growth drivers, market challenges, risk
analysis, market attractiveness, BPS (Base Point
Scale) analysis, Porters five force model and
SWOT analysis. Global smart parking market
report also includes competitive outlook of some
of the major players of the global smart parking
market which includes profiling of companies like
3M, Aeris Communications, Cisco, Deutsche
Telekom, Gemalto, HCL, IBM, Jasper Technologies,
MSR-Traffic, Nedap Mobility Solutions, Orange
Business Services, PARX, ParkHelp, ParkMe,
Parkmobile, Parkopedia, Q-Park, Serco, Siemens,
Sierra Wireless, SKIDATA, Smart Parking,
Streetline (acquired by Kapsch TrafficCom),
SWARCO, Synapt, T2 Systems, Telensa, TeliaSonera,
Urbiotica, Vodafone, WorldSensing, and Xerox. The
company profiles include business strategy,
geographical revenue distribution, major
information of the companies which encompasses
business outlook, products, services and
industries catered, financial analysis of the
company and recent developments. Overall, the
report represents comprehensive synopsis on the
global smart parking market trends that will help
industry consultants, equipment manufacturers,
existing players searching for expansion
opportunities, new players searching
possibilities and other stakeholders to align
their market centric strategies according to the
ongoing and expected trends in the
future. Request for TOC_at_ https//www.goldsteinre
search.com/toc-request/global-smart-parking-market
-outlook-2024-global-opportunity-and-demand-analys
is-market-forecast-2016-2024
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Global Smart Parking Market Growth Forecast and
Demand Analysis 2016-2024

• Scope Background
•  Market Synopsis
•  
• Market Segmentation
•  
• The global smart parking market segmentation as
  follows
• By  Smart Parking Component (Market Size, Demand
  Analysis and Growth Analysis)
• By Smart Parking Site (Market Size, Demand
  Analysis and Growth Analysis)
• By Smart Parking Service Provider (Market Size,
  Demand Analysis and Growth Analysis)
• By Smart Parking Verticals (Market Size, Demand
  Analysis and Growth Analysis)
• By Country
• North America (U.S., Canada) Market Size, Growth
  Analysis and Opportunity Analysis
• Latin America (Argentina, Mexico, Brazil and Rest
  of Latin America) Market Size, Growth Analysis
  and Opportunity Analysis
• Europe (Germany, Italy, Spain, France, The U.K.,
  Netherlands, Sweden, Hungary, Russia, Poland,
  Rest of Europe) Market Size, Growth Analysis and
  Opportunity Analysis
• Asia-Pacific (China, India, Singapore, Japan,
  Australia, New Zealand, South Korea and Rest of
  Asia Pacific) Market Size, Growth Analysis and
  Opportunity Analysis
• Middle East and North Africa (MENA) Market Size,
  Growth Analysis and Opportunity Analysis

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Global Smart Parking Market Growth Forecast and
Demand Analysis 2016-2024

• Market Dynamics Growth Drivers, Restraints and
  Opportunities
• Risk Factors
• Regional Variations
• Recent Trends and Developments
• Key Market Players
• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis
• Porters Five Force Model
• Market Landscape Competition and Beyond
• Market outlook for business players and entry
  level players to ascertain their business in
  dynamic ecosystem
• Expert Analysis
• Concluding Remarks

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Global Smart Parking Market Growth Forecast and
Demand Analysis 2016-2024
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our well-defined ideas and clear cut forecasts.
Our mission is simple to develop insightful
business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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Global Smart Parking Market Growth Forecast and
Demand Analysis 2016-2024
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Global Smart Parking Market Growth Forecast and
Demand Analysis 2016-2024
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