Global Smart Parking Systems Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: May 26, 2021 |

The global smart parking systems market size is anticipated to register a higher CAGR of 21.3% during the forecast period from 2021 to 2027 and valued at USD 4.3 billion in 2020. The increasing adoption of integrated automated systems in developed economies across the globe is a primary factor to drive the market growth. Moreover, the increasing number of personal vehicles in emerging economies has increased the demand for smart parking systems due to the fewer parking spaces in metro cities. Furthermore, the growing traffic congestion is expected to increase the demand for smart parking systems to manage vehicles crowding on the road.

Market Segment Insights:

The global smart parking systems market is bifurcated into component, type, application, and geography. On the basis of type, the market is further segmented into on-street and off-street systems. The market is dominated by the off-street segment in 2020 and accounted to hold the largest revenue share over two-third percent of the market. The segment growth is attributed to the increasing adoption of off-street parking systems due to low availability of parking spaces around the crowded areas. The on-street segment is accounted to grow at a significant growth rate over the forecast period due to the increasing use of smartphone applications to track empty parking spaces in real-time.

By application, the smart parking systems market is fragmented into commercial, government, and transport transit. The commercial segment dominated the market in 2020 and accounted to hold the largest market share around half of the market in terms of revenue. The increasing adoption of smart parking systems at various public and private places such as shopping malls, commercial buildings, theaters, sports complexes, and others has contributed to the segment growth and expected to drive the segment growth over the forecast period.

Smart Parking Systems Market Size & Growth

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The smart parking systems comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The smart parking systems market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Smart Parking Systems Market Segmentation:

By Component:

  • Hardware
    • Pucks (Wireless Sensors)
    • Cameras & LPRs
    • Smart Meters
    • Signage
    • Parking Gates
  • Software
  • Service

By Type:

  • On-street
  • Off-street

By Application:

  • Commercial
  • Government
  • Transport Transit

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, North America dominated the market in 2020 and accounted to hold the major market share of over one-third percent of the market in terms of revenue. The early adoption of the latest technologies and the growing number of vehicles are some major factors to drive the market growth in the region. Furthermore, the rapid growth in industrialization and urbanization is further expected to fuel the market growth over the forecast period. Moreover, the increasing investment by some major players is anticipated to propel eh market growth in the region. In contrast, the Asia Pacific is expected to grow at a significant growth over the forecast period due to the increasing number of vehicles in emerging economies.

Market Competition Assessment:

Some of the major players operating in the global smart parking systems market are Cisco Systems, Inc., Amano McGann, Inc., Smart Parking Ltd., Urbiotica, and Skidata AG. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Cisco Systems, Inc.
  • Amano McGann, Inc.
  • Smart Parking Ltd.
  • Urbiotica
  • Skidata AG
  • Swarco AG
  • Parkmobile, LLC
  • Nedap N.V
  • Kapsch
  • Xerox Corp.
  • Parkmobile, LLC

Key Questions Answered by Smart Parking Systems Market Report:

  • Global smart parking systems market forecasts from 2021-2027
  • Regional smart parking systems market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Smart parking systems submarket forecasts from 2021-2027 covering the market by component, by type, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the smart parking systems market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level smart parking systems markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the smart parking systems market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Smart Parking Systems Market Portraiture
2.2. Global Smart Parking Systems Market, by Component, 2020 (USD Mn)
2.3. Global Smart Parking Systems Market, by Type, 2020 (USD Mn)
2.4. Global Smart Parking Systems Market, by Application, 2020 (USD Mn)
2.5. Global Smart Parking Systems Market, by Geography, 2020 (USD Mn)

 

3. Global Smart Parking Systems Market Analysis


3.1. Smart Parking Systems Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
3.6.1. V Shaped Recovery
3.6.2. U Shaped Recovery
3.6.3. L Shaped Recovery
3.6.4. W Shaped Recovery

 

4. Global Smart Parking Systems Market By Component, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Hardware
4.2.1. Pucks (Wireless Sensors)
4.2.2. Cameras & LPRs
4.2.3. Smart Meters
4.2.4. Signage
4.2.5. Parking Gates
4.3. Software
4.4. Service

 

5. Global Smart Parking Systems Market By Type, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. On-street
5.3. Off-street

 

6. Global Smart Parking Systems Market By Application, 2018 – 2027 (USD Mn)


6.1. Overview
6.2. Commercial
6.3. Government
6.4. Transport Transit

 

7. North America Smart Parking Systems Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. North America Smart Parking Systems Market by Component (2018-2027 USD Mn)
7.1.3. North America Smart Parking Systems Market by Type (2018-2027 USD Mn)
7.1.4. North America Smart Parking Systems Market by Application (2018-2027 USD Mn)
7.1.5. North America Smart Parking Systems Market by Country (2018-2027 USD Mn)
7.1.5.1. U.S.
7.1.5.1.1. U.S. Smart Parking Systems Market by Component (2018-2027 USD Mn)
7.1.5.1.2. U.S. Smart Parking Systems Market by Type (2018-2027 USD Mn)
7.1.5.1.3. U.S. Smart Parking Systems Market by Application (2018-2027 USD Mn)
7.1.5.2. Canada
7.1.5.2.1. Canada Smart Parking Systems Market by Component (2018-2027 USD Mn)
7.1.5.2.2. Canada Smart Parking Systems Market by Type (2018-2027 USD Mn)
7.1.5.2.3. Canada Smart Parking Systems Market by Application (2018-2027 USD Mn)

 

8. Europe Smart Parking Systems Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Europe Smart Parking Systems Market by Component (2018-2027 USD Mn)
8.1.3. Europe Smart Parking Systems Market by Type (2018-2027 USD Mn)
8.1.4. Europe Smart Parking Systems Market by Application (2018-2027 USD Mn)
8.1.5. Europe Smart Parking Systems Market by Country (2018-2027 USD Mn)
8.1.5.1. Germany
8.1.5.1.1. Germany Smart Parking Systems Market by Component (2018-2027 USD Mn)
8.1.5.1.2. Germany Smart Parking Systems Market by Type (2018-2027 USD Mn)
8.1.5.1.3. Germany Smart Parking Systems Market by Application (2018-2027 USD Mn)
8.1.5.2. U.K.
8.1.5.2.1. U.K. Smart Parking Systems Market by Component (2018-2027 USD Mn)
8.1.5.2.2. U.K. Smart Parking Systems Market by Type (2018-2027 USD Mn)
8.1.5.2.3. U.K. Smart Parking Systems Market by Application (2018-2027 USD Mn)
8.1.5.3. France
8.1.5.3.1. France Smart Parking Systems Market by Component (2018-2027 USD Mn)
8.1.5.3.2. France Smart Parking Systems Market by Type (2018-2027 USD Mn)
8.1.5.3.3. France Smart Parking Systems Market by Application (2018-2027 USD Mn)
8.1.5.4. Italy
8.1.5.4.1. Italy Smart Parking Systems Market by Component (2018-2027 USD Mn)
8.1.5.4.2. Italy Smart Parking Systems Market by Type (2018-2027 USD Mn)
8.1.5.4.3. Italy Smart Parking Systems Market by Application (2018-2027 USD Mn)
8.1.5.5. Rest of Europe
8.1.5.5.1. Rest of Europe Smart Parking Systems Market by Component (2018-2027 USD Mn)
8.1.5.5.2. Rest of Europe Smart Parking Systems Market by Type (2018-2027 USD Mn)
8.1.5.5.3. Rest of Europe Smart Parking Systems Market by Application (2018-2027 USD Mn)

 

9. Asia Pacific Smart Parking Systems Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Asia Pacific Smart Parking Systems Market by Component (2018-2027 USD Mn)
9.1.3. Asia Pacific Smart Parking Systems Market by Type (2018-2027 USD Mn)
9.1.4. Asia Pacific Smart Parking Systems Market by Application (2018-2027 USD Mn)
9.1.5. Asia Pacific Smart Parking Systems Market by Country (2018-2027 USD Mn)
9.1.5.1. China
9.1.5.1.1. China Smart Parking Systems Market by Component (2018-2027 USD Mn)
9.1.5.1.2. China Smart Parking Systems Market by Type (2018-2027 USD Mn)
9.1.5.1.3. China Smart Parking Systems Market by Application (2018-2027 USD Mn)
9.1.5.2. Japan
9.1.5.2.1. Japan Smart Parking Systems Market by Component (2018-2027 USD Mn)
9.1.5.2.2. Japan Smart Parking Systems Market by Type (2018-2027 USD Mn)
9.1.5.2.3. Japan Smart Parking Systems Market by Application (2018-2027 USD Mn)
9.1.5.3. Rest of Asia Pacific
9.1.5.3.1. Rest of Asia Pacific Smart Parking Systems Market by Component (2018-2027 USD Mn)
9.1.5.3.2. Rest of Asia Pacific Smart Parking Systems Market by Type (2018-2027 USD Mn)
9.1.5.3.3. Rest of Asia Pacific Smart Parking Systems Market by Application (2018-2027 USD Mn)

 

10. Latin America (LATAM) Smart Parking Systems Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. Latin America Smart Parking Systems Market by Component (2018-2027 USD Mn)
10.1.3. Latin America Smart Parking Systems Market by Type (2018-2027 USD Mn)
10.1.4. Latin America Smart Parking Systems Market by Application (2018-2027 USD Mn)
10.1.5. Latin America Smart Parking Systems Market by Country (2018-2027 USD Mn)
10.1.5.1. Brazil
10.1.5.1.1. Brazil Smart Parking Systems Market by Component (2018-2027 USD Mn)
10.1.5.1.2. Brazil Smart Parking Systems Market by Type (2018-2027 USD Mn)
10.1.5.1.3. Brazil Smart Parking Systems Market by Application (2018-2027 USD Mn)
10.1.5.2. Mexico
10.1.5.2.1. Mexico Smart Parking Systems Market by Component (2018-2027 USD Mn)
10.1.5.2.2. Mexico Smart Parking Systems Market by Type (2018-2027 USD Mn)
10.1.5.2.3. Mexico Smart Parking Systems Market by Application (2018-2027 USD Mn)
10.1.5.3. Rest of Latin America
10.1.5.3.1. Rest of Latin America Smart Parking Systems Market by Component (2018-2027 USD Mn)
10.1.5.3.2. Rest of Latin America Smart Parking Systems Market by Type (2018-2027 USD Mn)
10.1.5.3.3. Rest of Latin America Smart Parking Systems Market by Application (2018-2027 USD Mn)

 

11. Middle East and Africa Smart Parking Systems Market Analysis and Forecast, 2018 – 2027 (USD Mn)


11.1.1. Overview
11.1.2. MEA Smart Parking Systems Market by Component (2018-2027 USD Mn)
11.1.3. MEA Smart Parking Systems Market by Type (2018-2027 USD Mn)
11.1.4. MEA Smart Parking Systems Market by Application (2018-2027 USD Mn)
11.1.5. Middle East and Africa Smart Parking Systems Market, by Country (2018-2027 USD Mn)
11.1.5.1. GCC
11.1.5.1.1. GCC Smart Parking Systems Market by Component (2018-2027 USD Mn)
11.1.5.1.2. GCC Smart Parking Systems Market by Type (2018-2027 USD Mn)
11.1.5.1.3. GCC Smart Parking Systems Market by Application (2018-2027 USD Mn)
11.1.5.2. Rest of MEA
11.1.5.2.1. Rest of MEA Smart Parking Systems Market by Component (2018-2027 USD Mn)
11.1.5.2.2. Rest of MEA Smart Parking Systems Market by Type (2018-2027 USD Mn)
11.1.5.2.3. Rest of MEA Smart Parking Systems Market by Application (2018-2027 USD Mn)

 

12. Company Profiles


12.1. Cisco Systems, Inc.
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Amano McGann, Inc.
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Smart Parking Ltd.
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Urbiotica
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Skidata AG
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Swarco AG
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Parkmobile, LLC
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Nedap N.V
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Kapsch
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Xerox Corp.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
12.11. Parkmobile, LLC
12.11.1. Business Description
12.11.2. Financial Health and Budget Allocation
12.11.3. Product Positions/Portfolio
12.11.4. Recent Development
12.11.5. SWOT Analysis
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