Smart Parking System Market To 2024: Key Parking Site (On-Street, Off-Street), Application (Transport Transit, Government, Commercial), Component Categories (Hardware, Software, Service), Regional Segmentation, Competitive Dynamics, M&A Insights, Pricing Analysis (OPP, IPP, RAP) And Segment Forecast

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The global smart parking market was estimated at USD 74 million in 2015 and is expected to reach USD 350 million by 2024. The factors such as rise in vehicular traffic, congestion of cities, and lack of proper parking space are driving the market growth.

 

Globally, across all major cities and urban economic centers the problem of traffic congestion is rapidly growing. Due to lack of proper management, huge numbers of vehicles are parked randomly on the streets and every possible vacant area. The problem of parking is so huge in some urban centers that out station citizens have to park their vehicles at the designated area and use local public transport or taxi services for their transportation.

 

Furthermore, the parking mismanagement is also leading to other issues such as high noise pollution, fuel wastage, and loss of productivity hours due to getting stuck in traffic congestion. The adoption of smart parking systems enables to counter the above mentioned issues and also streamline the flow of traffic.

 

The smart parking systems utilize IoT (Internet of Things) platforms to connect the customers with the parking management providers. The users can use options such as pre-booking of slots for the designated time, can get real-time notifications about the vacant slots, thereby saving precious fuel, and time.

 

The growth of sensor based technologies and growth of smart phone users are key drivers for market expansion. The smart phones in present age allow the user to engage in pre-paid parking payment transactions, observe traffic movement using maps, can receive real time notifications about the vacant slots in each part of the city, and therefore can plan and execute their daily activities in a hassle free manner.

 

The adoption of smart parking systems at a large scale is possible only through government initiatives and funding programs. The increasing usage of smart parking systems in corporate centers, universities, private commercial centers is gaining prominence and is expected to create more awareness about the benefits associated with the usage of simple yet advanced technologies for solving every day parking issues.

 

North America Smart Parking Systems Market, By Parking Site 2014 – 2024 (USD Million)

North America Smart Parking Systems Market, By Parking Site 2014 - 2024 (USD Million)

The smart car parking system market is segmented based on parking site, application and region. Based on parking site, the market is categorized as On-street parking and Off-street parking.

 

In 2015, North America accounted for the largest market share and is expected to further extend its dominance over the next few years. The high usage of personal vehicles for transportation compared to public transportation is a key reason for creating congestion across the major economic and tourist centers. Furthermore, the On-street parking segment accounted for the majority market share in 2015. The development of Off-street parking centers with the help of public and private investments is expected to drive the overall market from 2016 to 2024.

 

“Optimal Price Point (OPP) for Smart Parking System Market”

 

Estimated Average solution cost – $ xx globally. The pricing and business models in the smart parking market are unique in different regions. With growth in environmental concerns, technological advancements, and shifting consumer preferences, and increasing number of startup’s, the OPP and range of acceptable Prices (RAP) are going to change over the forecast period. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

“Smart phone penetration, big data analytics, to provide high level insights on consumer behavior and travel patterns”

 

The growth of smart phones usage has led to the creation of huge data, which can be analyzed to derive several solutions for all the major issues faced by the customers. The use of data analytics to understand the different parking requirements, peak hour traffic movement, location wise parking demand, can enable the companies to provide more customized solutions, create and send alerts to customers based on their pre-determined requirements and travel patterns.

 

“Notable industry participants include Bosch, Kapsch (Streetline) Group, Cisco Systems, Inc., SKIDATA Group, Mindteck and ParkHelp

 

Key players include Bosch, Kapsch (Streetline) Group, Cisco Systems, Inc., SKIDATA Group, Mindteck and ParkHelp The market participants are extensively using IoT based platforms, data analytics to improve customer engagement, build new service models, track the consumer travel requirements and estimate the frequency of usage for each customer. The smart phone and IoT technology is also used to track data on reduction on air and noise pollution, fuel saving, time saving and improvement in the traffic de-congestion. The key industry participants emphasize on seeking correlations across multiple disparate data sources and predicting customer behavior in order to achieve competitive advantage.

Chapter 1 Methodology and Scope

  • Research Methodology
  • Research Scope & Assumptions
  • List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Smart Parking System Overview

  • Market Ecosystem
  • Key Stakeholders
  • Industry Trends & Analysis

Chapter 4 Smart Parking System Industry Outlook

  • Market Overview
  • Market Segmentation
  • Market Size & Growth Prospects
  • Market Analysis by Parking Site
    • On-Street
    • Off-Street
  • Market Analysis by Application
    • Transport Transit
    • Government
    • Commercial
  • Market Analysis by Application
    • Hardware
    • Software
    • Service
  • Market Analysis by Geography
  • Leading Brand Dynamics
  • Key Market Drivers
    • Technological advancement and innovation in smart parking technologies
    • Increasing congestion in urban and semi-urban areas
    • High demand due to growing number of smart city projects
    • Growing number of initiatives to reduce fuel wastage
  • Key Market Challenges/ Restraints
    • Low public and private investment
    • Lack of consumer awareness
  • Key Market Opportunities
    • Growing demand from tech- savvy consumers
  • Major Trends & Issues
  • Penetration & Growth Prospects
  • Industry Analysis - Porter’s
  • Smart Parking System Market -PESTEL Analysis
  • Technology Landscape

Chapter 5: Pipeline Intelligence

  • Executive Summary
  • Upcoming/ Emerging Products and/or Solutions
  • Key R&D Trends
  • M&A Outlook

Chapter 6: Regional Market Outlook

  • Smart Parking System Market Landscape by Region- 2016
    • North America Market Landscape Analysis, 2014-2024 (USD Mn)
      • U.S. Market Landscape Analysis, 2014-2024
      • Canada Market Landscape Analysis-2014-2024
    • Europe Market Landscape Analysis, 2014-2024 (USD Mn)
      • UK Market Landscape Analysis, 2014-2024
      • Germany Market Landscape Analysis, 2014-2024
      • France Market Landscape Analysis, 2014-2024
      • Italy Market Landscape Analysis, 2014-2024
      • Spain Market Landscape Analysis, 2014-2024
    • Latin America Market Landscape Analysis, 2014-2024 (USD Mn)
      • Brazil Market Landscape Analysis, 2014-2024
      • Mexico Market Landscape Analysis, 2014-2024
      • Colombia Market Landscape Analysis, 2014-2024
    • Asia Pacific Market Landscape Analysis, 2014-2024 (USD Mn)
      • Japan Market Landscape Analysis, 2014-2024
      • China Market Landscape Analysis, 2014-2024
      • India Market Landscape Analysis, 2014-2024
    • Middle East & Africa Market Landscape Analysis, 2014-2024 (USD Mn)
      • Saudi Arabia Market Landscape Analysis, 2014-2024
      • UAE Market Landscape Analysis, 2014-2024

Chapter 7: Pricing Analysis

  Optimal Price Points (OPP), Indifference Price Points (IPP) and Range of Acceptable Prices (RAP) of leading brands and volume estimation by Region- 2016
  • North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
    • U.S. Pricing Analysis-2016
    • Canada Pricing Analysis-2016
  • Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
    • UK Pricing Analysis-2016
    • Germany Pricing Analysis-2016
    • France Pricing Analysis-2016
    • Italy Pricing Analysis-2016
    • Spain Pricing Analysis-2016
  • Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
    • Brazil Pricing Analysis-2016
    • Mexico Pricing Analysis-2016
    • Colombia Pricing Analysis-2016
  • Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
    • Japan Pricing Analysis-2016
    • China Pricing Analysis-2016
    • India Pricing Analysis-2016
  • Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
    • Saudi Arabia Pricing Analysis-2016
    • UAE Pricing Analysis-2016

Chapter 8: Technology and Consumer Outlook

  • Executive Summary
  • Technology Evolution
  • Key R&D trends
  • Consumer Analysis
  • Technology Crunch

Chapter 9: Competitive Landscape

  • Bosch
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Kapsch (Streetline)
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Cisco Systems, Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • SKIDATA Group
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Mindteck
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • ParkHelp
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Siemens
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Smart Parking Limited
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Parkmobile, LLC
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Worldsensing
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Swarco AG
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  List of Tables  
  • TABLE 1 Smart Parking System Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
  • TABLE 2 Global Smart Parking System Market, 2014 – 2024 (USD Billion)
  • TABLE 3 Global Smart Parking System Market by Vehicle Type, 2014 – 2024 (USD Billion)
  • TABLE 4 Global Smart Parking System Market by End-User, 2014 – 2024 (USD Billion)
  • TABLE 5 Global Smart Parking System Market by Booking Type, 2014 – 2024 (USD Billion)
  • TABLE 6 Global Smart Parking System Market by Geography, 2014 – 2024 (USD Billion)
  • TABLE 7 Global Smart Parking System Market Statistics, 2013 - 2024
  • TABLE 8 Smart Parking System Market - Key Market Driver Analysis
  • TABLE 9 Smart Parking System Market - Key Market Restraint/ Challenge Analysis
  • TABLE 10 Smart Parking System Market – Key Opportunity Analysis
  • TABLE 11 North America Smart Parking System Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 12 U.S. Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 13 Canada Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 14 Europe Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 15 U.K Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 16 Germany Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 17 France Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 18 Italy Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 19 Spain Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 20 Latin America Smart Parking System Market Landscape Analysis, 2014-2024 (USD MN)
  • TABLE 21 Brazil Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 22 Mexico Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 23 Colombia Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 24 Asia pacific Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 25 Japan Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 26 China Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 27 India Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 28 Middle East & Africa Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 29 Saudi Arabia Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 30 UAE Smart Parking System Market Landscape Analysis, 2014-2024 (USD Billion)
  • TABLE 31 North America Pricing Analysis
  • TABLE 32 North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
  • TABLE 33 U.S. Pricing Analysis-2016
  • TABLE 34 Canada Pricing Analysis-2016
  • TABLE 35 Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
  • TABLE 36 U.K Pricing Analysis-2016
  • TABLE 37 Germany Pricing Analysis-2016
  • TABLE 38 France Pricing Analysis-2016
  • TABLE 39 Italy Pricing Analysis-2016
  • TABLE 40 Spain Pricing Analysis-2016
  • TABLE 41 Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
  • TABLE 42 Brazil Pricing Analysis-2016
  • TABLE 43 Mexico Pricing Analysis-2016
  • TABLE 44 Colombia Pricing Analysis-2016
  • TABLE 45 Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
  • TABLE 46 Japan Pricing Analysis-2016
  • TABLE 47 China Pricing Analysis-2016
  • TABLE 48 India Pricing Analysis-2016
  • TABLE 49 Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2016)
  • TABLE 50 Saudi Arabia Pricing Analysis-2016
  • TABLE 51 UAE Pricing Analysis-2016
  • TABLE 52 North America Market, by Demographic, 2014 - 2024 (USD Billion)
  • TABLE 55 Europe Market, by Demographic, 2014 - 2024 (USD Billion)
  • TABLE 56 Latin America Market, by Demographic, 2014 - 2024 (USD Billion)
  • TABLE 57 Asia Pacific Market, by Demographic, 2014 - 2024 (USD Billion)
  • TABLE 58 Middle East & Africa Market, by Demographic, 2014 - 2024 (USD Billion)
  List of Figures-  
  • Smart Parking System Market Segmentation
  • Market Size & Growth Prospects
  • Leading Brand Dynamics
  • Penetration & Growth Prospects
  • Industry Analysis – Porter’s
  • Smart Parking System Market – PESTEL Analysis
  • Smart Parking System Market Share by Type, 2016 & 2024
  • Smart Parking System Market Share by function, 2016 & 2024
  • Smart Parking System Market Share by End-User 2016 & 2024
  • Smart Parking System Market Share by Geography, 2016 & 2024

Key Insights Addressed:  

  • Defining market size from 2014 to 2015.
  • Estimating market growth till 2024 and consequence market forecast.
  • Identifying market drivers, restraints & future opportunities and allowing decision-maker with a range of possible outcomes and the probabilities that will occur for any choice of action.
  • Market segments and regions that will drive or lead market growth.
  • Defining Optimal Price Point (OPP) which will be accepted and recommended by maximum customers.
  • A bird’s-eye view of competitive landscape and the key market players.
  • Key strategic growth driver adopted by market players. In-depth analysis of their strategies and implication on competition & growth.
  Key Findings:  
  • The global smart parking market was estimated at USD 74 million in 2015 and is expected to reach USD 350 million by 2024.
  • The smart car parking system market is segmented based on parking site, application and region.
  • Key players include Bosch, Kapsch (Streetline) Group, Cisco Systems, Inc., SKIDATA Group, Mindteck and ParkHelp.

Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-

    1. Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
    2. Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brain storming, key discussion pointers from various forums etc.
    3. Need Gap Analysis- Defining the gap between our scope and availability of information.
    4. KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
    5. Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting primary interview with a structured questionnaire.
    6. Data Triangulation- We applies bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
    7. Analyst Comment- Each of our analyst carry large pool of experience from domain perspective and add their value which are directional in nature
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Description

The global smart parking market was estimated at USD 74 million in 2015 and is expected to reach USD 350 million by 2024. The factors such as rise in vehicular traffic, congestion of cities, and lack of proper parking space are driving the market growth.

 

Globally, across all major cities and urban economic centers the problem of traffic congestion is rapidly growing. Due to lack of proper management, huge numbers of vehicles are parked randomly on the streets and every possible vacant area. The problem of parking is so huge in some urban centers that out station citizens have to park their vehicles at the designated area and use local public transport or taxi services for their transportation.

 

Furthermore, the parking mismanagement is also leading to other issues such as high noise pollution, fuel wastage, and loss of productivity hours due to getting stuck in traffic congestion. The adoption of smart parking systems enables to counter the above mentioned issues and also streamline the flow of traffic.

 

The smart parking systems utilize IoT (Internet of Things) platforms to connect the customers with the parking management providers. The users can use options such as pre-booking of slots for the designated time, can get real-time notifications about the vacant slots, thereby saving precious fuel, and time.

 

The growth of sensor based technologies and growth of smart phone users are key drivers for market expansion. The smart phones in present age allow the user to engage in pre-paid parking payment transactions, observe traffic movement using maps, can receive real time notifications about the vacant slots in each part of the city, and therefore can plan and execute their daily activities in a hassle free manner.

 

The adoption of smart parking systems at a large scale is possible only through government initiatives and funding programs. The increasing usage of smart parking systems in corporate centers, universities, private commercial centers is gaining prominence and is expected to create more awareness about the benefits associated with the usage of simple yet advanced technologies for solving every day parking issues.

 

North America Smart Parking Systems Market, By Parking Site 2014 – 2024 (USD Million)

North America Smart Parking Systems Market, By Parking Site 2014 - 2024 (USD Million)

The smart car parking system market is segmented based on parking site, application and region. Based on parking site, the market is categorized as On-street parking and Off-street parking.

 

In 2015, North America accounted for the largest market share and is expected to further extend its dominance over the next few years. The high usage of personal vehicles for transportation compared to public transportation is a key reason for creating congestion across the major economic and tourist centers. Furthermore, the On-street parking segment accounted for the majority market share in 2015. The development of Off-street parking centers with the help of public and private investments is expected to drive the overall market from 2016 to 2024.

 

“Optimal Price Point (OPP) for Smart Parking System Market”

 

Estimated Average solution cost – $ xx globally. The pricing and business models in the smart parking market are unique in different regions. With growth in environmental concerns, technological advancements, and shifting consumer preferences, and increasing number of startup’s, the OPP and range of acceptable Prices (RAP) are going to change over the forecast period. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

“Smart phone penetration, big data analytics, to provide high level insights on consumer behavior and travel patterns”

 

The growth of smart phones usage has led to the creation of huge data, which can be analyzed to derive several solutions for all the major issues faced by the customers. The use of data analytics to understand the different parking requirements, peak hour traffic movement, location wise parking demand, can enable the companies to provide more customized solutions, create and send alerts to customers based on their pre-determined requirements and travel patterns.

 

“Notable industry participants include Bosch, Kapsch (Streetline) Group, Cisco Systems, Inc., SKIDATA Group, Mindteck and ParkHelp

 

Key players include Bosch, Kapsch (Streetline) Group, Cisco Systems, Inc., SKIDATA Group, Mindteck and ParkHelp The market participants are extensively using IoT based platforms, data analytics to improve customer engagement, build new service models, track the consumer travel requirements and estimate the frequency of usage for each customer. The smart phone and IoT technology is also used to track data on reduction on air and noise pollution, fuel saving, time saving and improvement in the traffic de-congestion. The key industry participants emphasize on seeking correlations across multiple disparate data sources and predicting customer behavior in order to achieve competitive advantage.

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