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Smart Parking Systems Market Analysis By Hardware(Pucks (Wireless Sensors), Cameras & LPRs, Smart Meters, Signage, Parking Gates), By Software(Parking Guidance System, Analytics Solutions), By Services(Consulting Service, Engineering Service, Mobile App Parking Service), By Type(On-street, Off-street, Garage Parking, Lot Parking), By Application(Commercial, Government, Transport Transit) & Forecast 2024-2035

  • PUBLISHED ON
  • 9/22/2022
  • NO OF PAGES
  • 201
  • CATEGORY
  • Information Technology
The global smart parking systems market was valued at USD 6,540.8 million in 2022 and is expected to grow at a CAGR of 22.7% during the forecast period.

The Smart Parking Systems market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Smart Parking Systems market. On the basis of historic growth analysis and current scenario of Smart Parking Systems market place, the report intends to offer actionable insights and outlook on global / regional market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tool that facilitate deeper understanding of multiple aspects of global Smart Parking Systems market. These further helps users with their developmental strategy.

This report examines all the key factors influencing growth of global Smart Parking Systems market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Smart Parking Systems market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

Global Smart Parking Systems Market: Major Players
Altiux Innovations
Amano McGann, Inc.
Amco S.A.
BMW AG (ParkNow GmbH, Parkmobile LLC)
Cisco Systems, Inc.
CivicSmart, Inc.
Deteq Solutions
Flowbird
gtechna
INDECT Electronics & Distribution GmbH
Kapsch TrafficCom
Libelium Comunicaciones Distribuidas S.L.
Meter Feeder, Inc.
Mindteck
Municipal Parking Services, Inc.
Nedap N.V.
Park Assist
ParkHelp Technologies
ParkJockey
Siemens AG
Swarco AG
Others

Global Smart Parking Systems Market: By Hardware
Pucks (Wireless Sensors)
Cameras & LPRs
Smart Meters
Signage
Parking Gates

Global Smart Parking Systems Market: By Software
Parking Guidance System
Analytics Solutions

Global Smart Parking Systems Market: By Services
Consulting Service
Engineering Service
Mobile App Parking Service

Global Smart Parking Systems Market: By Type
On-street
Off-street
Garage Parking
Lot Parking

Global Smart Parking Systems Market: By Application
Commercial
Government
Transport Transit

Global Smart Parking Systems Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Smart Parking Systems market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Global Smart Parking Systems Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

Frequently Asked Questions
• What is the market size and growth projections?
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• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035

1.       Global Smart Parking Systems Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Smart Parking Systems Market Scope and Market Estimation

1.2.1.Global Smart Parking Systems Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2032)

1.2.2.Global Smart Parking Systems Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2032

1.3.    Market Segmentation

1.3.1.Hardware of Global Smart Parking Systems Market

1.3.2.Software of Global Smart Parking Systems Market

1.3.3.Services of Global Smart Parking Systems Market

1.3.4.Type of Global Smart Parking Systems Market

1.3.5.Application of Global Smart Parking Systems Market

1.3.6.Region of Global Smart Parking Systems Market

2.       Executive Summary

3.       Market Factor Analysis

3.1.    Global Smart Parking Systems Market Industry Trends under COVID-19 Outbreak

3.1.1.Global COVID-19 Status Overview

3.1.2.Influence of COVID-19 Outbreak on Global Smart Parking Systems Market Industry Development

3.2.   Market Dynamics, By Region

3.2.1.Drivers

3.2.2.Limitations

3.2.3.Opportunities

3.2.4.Impact Analysis of Drivers and Restraints

3.3.   Ecosystem / Value Chain Analysis

3.3.1.Raw Materials / Component Suppliers

3.3.2.Manufacturers / Vendors

3.3.3.Distributors

3.3.4.Buyers / End-users

3.3.5.Forward Integration & Backward Integration of Key Stakeholders

3.4.   Global Smart Parking Systems Market - Pricing Trends Analysis & Average Selling Prices (ASPs)

3.5.   End-users / Customer Preferences & Consumer Surveys

3.6.   Technology Roadmap & Key Innovations /Developments

3.7.   Key Mandates & Regulatory Scenario Analysis

3.8.   Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

3.9.   Porter’s Five Forces Analysis

3.9.1.Bargaining Power of Suppliers

3.9.2.Bargaining Power of Buyers

3.9.3.Threat of Substitutes

3.9.4.Threat of New Entrants

3.9.5.Competitive Rivalry

3.10.  PEST Analysis

3.10.1.    Political Factors

3.10.2.    Economic Factors

3.10.3.    Social Factors

3.10.4.    Technological Factors

3.11.  SWOT Analysis

3.12.  Russia-Ukraine War Impacts Analysis

3.13.  ANSOFF Matrix

3.13.1.    Market Penetration Strategy

3.13.2.    Product Development Strategy

3.13.3.    Market Development Strategy

3.13.4.    Diversification Strategy

3.14.  Inflation Impacts Analysis

3.14.1.    Supply Side Impacts

3.14.2.    Demand Side Impacts

3.14.3.    Outlook in 2023 & Beyond

3.15.  Market Investment Feasibility Analysis

3.16.  Opportunity Map Analysis

3.17.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions

4.       Global Smart Parking Systems Market Estimates & Historical Trend Analysis (2019 - 2022)

5.       Global Smart Parking Systems Market Estimates & Forecast Trend Analysis, by Hardware

5.1.    Global Smart Parking Systems Market Revenue (US$ Mn) Estimates and Forecasts, by Hardware, 2019 to 2032

5.1.1.Pucks (Wireless Sensors)

5.1.2.Cameras & LPRs

5.1.3.Smart Meters

5.1.4.Signage

5.1.5.Parking Gates

6.       Global Smart Parking Systems Market Estimates & Forecast Trend Analysis, by Software

6.1.    Global Smart Parking Systems Market Revenue (US$ Mn) Estimates and Forecasts, by Software, 2019 to 2032

6.1.1.Parking Guidance System

6.1.2.Analytics Solutions

7.       Global Smart Parking Systems Market Estimates & Forecast Trend Analysis, by Services

7.1.    Global Smart Parking Systems Market Revenue (US$ Mn) Estimates and Forecasts, by Services, 2019 to 2032

7.1.1.Consulting Service

7.1.2.Engineering Service

7.1.3.Mobile App Parking Service

8.       Global Smart Parking Systems Market Estimates & Forecast Trend Analysis, by Type

8.1.    Global Smart Parking Systems Market Revenue (US$ Mn) Estimates and Forecasts, by Type, 2019 to 2032

8.1.1.On-street

8.1.2.Off-street

8.1.2.1.              Garage Parking

8.1.2.2.              Lot Parking

9.       Global Smart Parking Systems Market Estimates & Forecast Trend Analysis, by Application

9.1.    Global Smart Parking Systems Market Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 to 2032

9.1.1.Commercial

9.1.2.Government

9.1.3.Transport Transit

10.   Global Smart Parking Systems Market Estimates & Forecast Trend Analysis, by Region

10.1.                     Global Smart Parking Systems Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2032

10.1.1.    North America

10.1.2.    Europe

10.1.3.    Asia Pacific

10.1.4.    Middle East & Africa

10.1.5.    South America

11.   North America Smart Parking Systems Market: Estimates & Forecast Trend Analysis

11.1.      North America Smart Parking Systems Market Assessments & Key Findings

11.1.1.    Smart Parking Systems Market Introduction

11.1.2.    Smart Parking Systems Market Size Estimates and Forecast (US$ Million) (2019 – 2031)

11.1.2.1.    By Hardware

11.1.2.2.    By Software

11.1.2.3.    By Services

11.1.2.4.    By Type

11.1.2.5.    By Application

11.1.2.6.    By Country

11.1.2.6.1. The U.S.

11.1.2.6.2. Canada

11.1.2.6.3. Mexico

12.   Europe Smart Parking Systems Market: Estimates & Forecast Trend Analysis

12.1.  Europe Smart Parking Systems Market Assessments & Key Findings

12.1.1.   Smart Parking Systems Market Introduction

12.1.2.   Smart Parking Systems Market Size Estimates and Forecast (US$ Million) (2019 – 2031)

12.1.2.1.    By Hardware

12.1.2.2.    By Software

12.1.2.3.    By Services

12.1.2.4.    By Type

12.1.2.5.    By Application

12.1.2.6.    By Country

12.1.2.6.1. Germany

12.1.2.6.2. U.K.

12.1.2.6.3. France

12.1.2.6.4. Italy

12.1.2.6.5. Spain

12.1.2.6.6. Russia

12.1.2.6.7. Rest of Europe

13.   Asia Pacific Smart Parking Systems Market: Estimates & Forecast Trend Analysis

13.1.  Asia Pacific Market Assessments & Key Findings

13.1.1.    Smart Parking Systems Market Introduction

13.1.2.    Smart Parking Systems Market Size Estimates and Forecast (US$ Million) (2019 – 2031)

13.1.2.1.    By Hardware

13.1.2.2.    By Software

13.1.2.3.    By Services

13.1.2.4.    By Type

13.1.2.5.    By Application

13.1.2.6.    By Country

13.1.2.6.1. China

13.1.2.6.2. Japan

13.1.2.6.3. India

13.1.2.6.4. Australia

13.1.2.6.5. South Korea

13.1.2.6.6. ASEAN

13.1.2.6.7. Rest of Asia Pacific

14.   Middle East & Africa Smart Parking Systems Market: Estimates & Forecast Trend Analysis

14.1.  Middle East & Africa Market Assessments & Key Findings

14.1.1.   Smart Parking Systems Market Introduction

14.1.2.   Smart Parking Systems Market Size Estimates and Forecast (US$ Million) (2019 – 2031)

14.1.2.1.    By Hardware

14.1.2.2.    By Software

14.1.2.3.    By Services

14.1.2.4.    By Type

14.1.2.5.    By Application

14.1.2.6.    By Country

14.1.2.6.1. U.A.E.

14.1.2.6.2. Saudi Arabia

14.1.2.6.3. Egypt

14.1.2.6.4. South Africa

14.1.2.6.5. Rest of Middle East & Africa

15.   South America Smart Parking Systems Market: Estimates & Forecast Trend Analysis

15.1.  South America Market Assessments & Key Findings

15.1.1.   Smart Parking Systems Market Introduction

15.1.2.   Smart Parking Systems Market Size Estimates and Forecast (US$ Million) (2019 – 2031)

15.1.2.1.    By Hardware

15.1.2.2.    By Software

15.1.2.3.    By Services

15.1.2.4.    By Type

15.1.2.5.    By Application

15.1.2.6.    By Country

15.1.2.6.1. Brazil

15.1.2.6.2. Argentina

15.1.2.6.3. Colombia

15.1.2.6.4. Rest of South America

16.   Competition Landscape

16.1.  Smart Parking Systems Market Competition Index, By Leading Players

16.2.  Smart Parking Systems Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

16.3.  Smart Parking Systems Market Competition White Space Analysis, By Application / End-users

16.4.  Smart Parking Systems Market Competition Heat Map Analysis, By Products / Services / Solutions

16.5.  Smart Parking Systems Market Competition Regional Intensity Map Analysis, By Geographies Served

16.6.  Smart Parking Systems Market Concentration & Company Market Shares (%) Analysis, 2022

17.   Company Profiles

17.1.  Altiux Innovations

17.1.1.    Company Overview & Key Stats

17.1.2.    Financial Performance & KPIs

17.1.3.    Product / Service / Solutions Portfolio & Applications / End-uses

17.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

17.2.      Amano McGann, Inc.

17.3.      Amco S.A.

17.4.      BMW AG (ParkNow GmbH, Parkmobile LLC)

17.5.      Cisco Systems, Inc.

17.6.      CivicSmart, Inc.

17.7.      Deteq Solutions

17.8.      Flowbird

17.9.      gtechna

17.10.   INDECT Electronics & Distribution GmbH

17.11.   Kapsch TrafficCom

17.12.   Libelium Comunicaciones Distribuidas S.L.

17.13.   Meter Feeder, Inc.

17.14.   Mindteck

17.15.   Municipal Parking Services, Inc.

17.16.   Nedap N.V.

17.17.   Park Assist

17.18.   ParkHelp Technologies

17.19.   ParkJockey

17.20.   Siemens AG

17.21.   Swarco AG

17.22.   Others**

18.   Research Methodology

18.1.  External Sources / Databases

18.2.  Internal Proprietary Database

18.3.  Primary Research

18.4.  Secondary Research

18.5.  Assumptions

18.6.  Limitations

18.7.  Report FAQs

19.   Research Findings & Conclusion 

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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