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The smart parking market is forecasted to grow by USD 15.19 billion during 2024-2029, accelerating at a CAGR of 20.7% during the forecast period. The report on the smart parking market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by urbanization and population growth, government initiatives and smart city projects, and increased adoption of electric vehicle.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The smart parking market is segmented as below:
By Component
- Hardware
- Software
- Services
By Solution
- Security and surveillance
- Parking reservation management
- Valet parking management
- License plate recognition
By Type
- Off-street
- On-street
By End-user
- Commercial space
- Government
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the smart parking market covers the following areas:
- Smart Parking Market sizing
- Smart Parking Market forecast
- Smart Parking Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Component
9 Market Segmentation by Solution
10 Market Segmentation by Type
11 Market Segmentation by End-user
12 Customer Landscape
13 Geographic Landscape
14 Drivers, Challenges, and Opportunity/Restraints
15 Competitive Landscape
16 Competitive Analysis
17 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global smart parking market: 3M Co., AISIN Corp., Altiux Innovations Pvt. Ltd., Amano McGann, Cisco Systems Inc., Conduent Inc., Continental AG, EasyPark, IEM SA, International Business Machines Corp., IPS Group Inc., Libelium Comunicaciones Distribuidas S.L., ParkMobile LLC, Robert Bosch GmbH, Siemens AG, SKIDATA AG, Smart Parking Ltd., SWARCO, TIBA PARKING SYSTEMS, TKH Group NV, Urbiotica, Valeo SA, and Verra Mobility Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is adoption of mobile and app-based parking solutions."
According to the report, one of the major drivers for this market is the urbanization and population growth.
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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M Co.
- AISIN Corp.
- Altiux Innovations Pvt. Ltd.
- Amano McGann
- Cisco Systems Inc.
- Conduent Inc.
- Continental AG
- EasyPark
- IEM SA
- International Business Machines Corp.
- IPS Group Inc.
- Libelium Comunicaciones Distribuidas S.L.
- ParkMobile LLC
- Robert Bosch GmbH
- Siemens AG
- SKIDATA AG
- Smart Parking Ltd.
- SWARCO
- TIBA PARKING SYSTEMS
- TKH Group NV
- Urbiotica
- Valeo SA
- Verra Mobility Corp.
