Market Scenario
Global Smart Parking System Market was valued US$5.001 Bn in 2017 and is estimated to reach US$11.60 Bn by 2026 at a CAGR of 11.2 %.
The report Global Smart Parking System Market based on solution type, parking sites, application, and region. In terms of solution type, the Global Smart Parking System Market is classified into hardware, software, and services. Based on the parking system, the smart parking system market is divided into off-street, and on- street. On the basis application, the Global Smart Parking System Market is categorized into transportation, government facilities, and commercial area. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The adoption of smart parking systems involves the use of low-cost sensors and mobile phone-enabled automated payment systems. With the growing number of hospitals, shopping complexes, and corporate hubs, the demand for smart parking systems is rising. Another prominent factor driving the market is easy accessibility of smart parking systems, its economic nature and ability to reduce carbon footprints in the atmosphere. The major challenge associated with smart parking systems is a lack of standardization and the high set up cost, which requires more investment and restricts the growth of the smart parking systems market. Moreover, a lack of coordination between software developers and hardware providers affects the adoption of smart parking systems. Additionally, an increase in investment on building driverless vehicles and rise in government’s initiative in building smart cities across the globe are anticipated to create tremendous opportunities for the growth of the market.
Smart parking system market
In terms of parking sites, most off-street parking areas are made of commercial parking lots and garages. Facilities such as ticketing and advanced payment solutions coupled with the launch of several mobile applications for parking guidance systems are favorably impacting the growth for off-street parking systems. This type of parking facilitates use both user, long as well as short-term parking users. On-street parking in these countries is yet unsystematic and does not imply strict fines as in North America and Europe.
Based on application, the commercial application segment has high growth potential and is estimated to gain traction over the forecast period as these places are the major attraction of tourist as well as local citizens. High convenience and flexibility along with mobile payment options are expected to impel growth in the commercial segment.
In terms of region, the North America Global Smart Parking System Market accounted for over 40%of the global market share in 2017. Asia Pacific is anticipated to witness the highest CAGR in the global smart parking system market during the forecast period. This is mainly due to large-scale industrialization in Asian countries such as China, India, and Japan.
Some of the key players in the Global Smart Parking System Market are 3M, Swarco AG, Cubic Corporation, Amano Corporation, Nortek Control Systems Ltd., Kapsch TrafficCom AG, Xerox Corporation, Siemens, BMW Group, and Bosch.
Scope of Global Smart Parking System Market
Global Smart Parking System Market by Solution Type
• Hardware
• Software
• Services
Global Smart Parking System Market By Parking Sites
• Off- Street
• On- Street
Global Smart Parking System Market By Application
• Transportation
• Government Facilities
• Commercial Area
Global Smart Parking System Market By Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in Global Smart Parking System Market
• 3M
• Swarco AG
• Cubic Corporation
• Amano Corporation
• Nortek Control Systems Ltd.
• Kapsch TrafficCom AG
• Siemens
• Bosch
• Aisin Seiki Co., Ltd.
• Streetline, Inc.
• Cisco Systems, Inc.
• ParkMe, Inc.
• Urbiotica
• Skidata AG
• Swarco AG
• Smart Parking Ltd
• Nedap N.V.
• Parkmobile, LLC
• CivicSmart
• Worldsensing
• Continental AG
Table of Contents
Global Smart Parking System Market
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
3. Executive Summary
3.1. Global Smart Parking System Market Size, by Market Value (US$ Mn) and Market, by Region
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis
5. Global Smart Parking System Market Analysis and Forecast
5.1. Global Smart Parking System Market Analysis and Forecast
5.2. Global Smart Parking System Market Size& Y-o-Y Growth Analysis
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Middle East & Africa
5.2.5. Latin America
6. Global Smart Parking System Market Analysis and Forecast, by Parking Sites
6.1. Introduction and Definition
6.2. Key Findings
6.3. Global Smart Parking System Market Value Share Analysis, by Parking Sites
6.4. Global Smart Parking System Market Size (US$ Mn) Forecast, by Parking Sites
6.5. Global Smart Parking System Market Analysis, by Parking Sites
6.6. Global Smart Parking System Market Attractiveness Analysis, by Parking Sites
7. Global Smart Parking System Market Analysis and Forecast, by Solution Type
7.1. Introduction and Definition
7.2. Global Smart Parking System Market Value Share Analysis, by Solution Type
7.3. Global Smart Parking System Market Size (US$ Mn) Forecast, by Solution Type
7.4. Global Smart Parking System Market Analysis, by Solution Type
7.5. Global Smart Parking System Market Attractiveness Analysis, by Solution Type
8. Global Smart Parking System Market Analysis and Forecast, by Application
8.1. Introduction and Definition
8.2. Global Smart Parking System Market Value Share Analysis, by Application
8.3. Global Smart Parking System Market Size (US$ Mn) Forecast, by Application
8.4. Global Smart Parking System Market Analysis, by Application
8.5. Global Smart Parking System Market Attractiveness Analysis, by Application
9. Global Smart Parking System Market Analysis, by Region
9.1. Global Smart Parking System Market Value Share Analysis, by Region
9.2. Global Smart Parking System Market Size (US$ Mn) Forecast, by Region
9.3. Global Smart Parking System Market Attractiveness Analysis, by Region
10. North America Smart Parking System Market Analysis
10.1. Key Findings
10.2. North America Smart Parking System Market Overview
10.3. North America Smart Parking System Market Value Share Analysis, by Parking Sites
10.4. North America Smart Parking System Market Forecast, by Parking Sites
10.4.1. OFF- STREET
10.4.2. On- Street
10.5. North America Smart Parking System Market Value Share Analysis, by Solution Type
10.6. North America Smart Parking System Market Forecast, by Solution Type
10.6.1. Hardware
10.6.2. Software
10.6.3. Services
10.7. North America Smart Parking System Market Value Share Analysis, by Application
10.8. North America Smart Parking System Market Forecast, by Application
10.8.1. Transportation
10.8.2. Government Facilities
10.8.3. Commercial Area
10.9. North America Smart Parking System Market Value Share Analysis, by Country
10.10. North America Smart Parking System Market Forecast, by Country
10.10.1.1. U.S.
10.10.1.2. Canada
10.11. North America Smart Parking System Market Analysis, by Country
10.12. U.S. Smart Parking System Market Forecast, by Parking Sites
10.12.1. OFF- STREET
10.12.2. On- Street
10.13. U.S. Smart Parking System Market Forecast, by Solution Type
10.13.1. Hardware
10.13.2. Software
10.13.3. Services
10.14. U.S. Smart Parking System Market Forecast, by Application
10.14.1. Transportation
10.14.2. Government Facilities
10.14.3. Commercial Area
10.15. Canada Smart Parking System Market Forecast, by Parking Sites
10.15.1. OFF- STREET
10.15.2. On- Street
10.16. Canada Smart Parking System Market Forecast, by Solution Type
10.16.1. Hardware
10.16.2. Software
10.16.3. Services
10.17. Canada Smart Parking System Market Forecast, by Application
10.17.1. Transportation
10.17.2. Government Facilities
10.17.3. Commercial Area
10.18. North America Smart Parking System Market Attractiveness Analysis
10.18.1. By Parking Sites
10.18.2. By Solution Type
10.18.3. By Application
10.19. PEST Analysis
11. Europe Smart Parking System Market Analysis
11.1. Key Findings
11.2. Europe Smart Parking System Market Overview
11.3. Europe Smart Parking System Market Value Share Analysis, by Parking Sites
11.4. Europe Smart Parking System Market Forecast, by Parking Sites
11.4.1. OFF- STREET
11.4.2. On- Street
11.5. Europe Smart Parking System Market Value Share Analysis, by Solution Type
11.6. Europe Smart Parking System Market Forecast, by Solution Type
11.6.1. Hardware
11.6.2. Software
11.6.3. Services
11.7. Europe Smart Parking System Market Value Share Analysis, by Application
11.8. Europe Smart Parking System Market Forecast, by Application
11.8.1. Transportation
11.8.2. Government Facilities
11.8.3. Commercial Area
11.9. Europe Smart Parking System Market Value Share Analysis, by Country
11.10. Europe Smart Parking System Market Forecast, by Country
11.10.1.1. Germany
11.10.1.2. U.K.
11.10.1.3. France
11.10.1.4. Italy
11.10.1.5. Spain
11.10.1.6. Rest of Europe
11.11. Europe Smart Parking System Market Analysis, by Country/ Sub-region
11.12. Germany Smart Parking System Market Forecast, by Parking Sites
11.12.1. OFF- STREET
11.12.2. On- Street
11.13. Germany Smart Parking System Market Forecast, by Solution Type
11.13.1. Hardware
11.13.2. Software
11.13.3. Services
11.14. Germany Smart Parking System Market Forecast, by Application
11.14.1. Transportation
11.14.2. Government Facilities
11.14.3. Commercial Area
11.15. U.K. Smart Parking System Market Forecast, by Parking Sites
11.15.1. OFF- STREET
11.15.2. On- Street
11.16. U.K. Smart Parking System Market Forecast, by Solution Type
11.16.1. Hardware
11.16.2. Software
11.16.3. Services
11.17. U.K. Smart Parking System Market Forecast, by Application
11.17.1. Transportation
11.17.2. Government Facilities
11.17.3. Commercial Area
11.18. France Smart Parking System Market Forecast, by Parking Sites
11.18.1. OFF- STREET
11.18.2. On- Street
11.19. France Smart Parking System Market Forecast, by Solution Type
11.19.1. Hardware
11.19.2. Software
11.19.3. Services
11.20. France Smart Parking System Market Forecast, by Application
11.20.1. Transportation
11.20.2. Government Facilities
11.20.3. Commercial Area
11.21. Italy Smart Parking System Market Forecast, by Parking Sites
11.21.1. OFF- STREET
11.21.2. On- Street
11.22. Italy Smart Parking System Market Forecast, by Solution Type
11.22.1. Hardware
11.22.2. Software
11.22.3. Services
11.23. Italy Smart Parking System Market Forecast, by Application
11.23.1. Transportation
11.23.2. Government Facilities
11.23.3. Commercial Area
11.24. Spain Smart Parking System Market Forecast, by Parking Sites
11.24.1. OFF- STREET
11.24.2. On- Street
11.25. Spain Smart Parking System Market Forecast, by Solution Type
11.25.1. Hardware
11.25.2. Software
11.25.3. Services
11.26. Spain Smart Parking System Market Forecast, by Application
11.26.1. Transportation
11.26.2. Government Facilities
11.26.3. Commercial Area
11.27. Rest of Europe Smart Parking System Market Forecast, by Parking Sites
11.27.1. OFF- STREET
11.27.2. On- Street
11.28. Rest of Europe Smart Parking System Market Forecast, by Solution Type
11.28.1. Hardware
11.28.2. Software
11.28.3. Services
11.29. Rest of Europe Smart Parking System Market Forecast, by Application
11.29.1. Transportation
11.29.2. Government Facilities
11.29.3. Commercial Area
11.30. Europe Smart Parking System Market Attractiveness Analysis
11.30.1. By Parking Sites
11.30.2. By Solution Type
11.30.3. By Application
11.31. PEST Analysis
12. Asia Pacific Smart Parking System Market Analysis
12.1. Key Findings
12.2. Asia Pacific Smart Parking System Market Overview
12.3. Asia Pacific Smart Parking System Market Value Share Analysis, by Parking Sites
12.4. Asia Pacific Smart Parking System Market Forecast, by Parking Sites
12.4.1. OFF- STREET
12.4.2. On- Street
12.5. Asia Pacific Smart Parking System Market Value Share Analysis, by Solution Type
12.6. Asia Pacific Smart Parking System Market Forecast, by Solution Type
12.6.1. Hardware
12.6.2. Software
12.6.3. Services
12.7. Asia Pacific Smart Parking System Market Value Share Analysis, by Application
12.8. Asia Pacific Smart Parking System Market Forecast, by Application
12.8.1. Transportation
12.8.2. Government Facilities
12.8.3. Commercial Area
12.9. Asia Pacific Smart Parking System Market Value Share Analysis, by Country
12.10. Asia Pacific Smart Parking System Market Forecast, by Country
12.10.1. China
12.10.2. India
12.10.3. Japan
12.10.4. ASEAN
12.10.5. Rest of Asia Pacific
12.11. Asia Pacific Smart Parking System Market Analysis, by Country/ Sub-region
12.12. China Smart Parking System Market Forecast, by Parking Sites
12.12.1. OFF- STREET
12.12.2. On- Street
12.13. China Smart Parking System Market Forecast, by Solution Type
12.13.1. Hardware
12.13.2. Software
12.13.3. Services
12.14. China Smart Parking System Market Forecast, by Application
12.14.1. Transportation
12.14.2. Government Facilities
12.14.3. Commercial Area
12.15. India Smart Parking System Market Forecast, by Parking Sites
12.15.1. OFF- STREET
12.15.2. On- Street
12.16. India Smart Parking System Market Forecast, by Solution Type
12.16.1. Hardware
12.16.2. Software
12.16.3. Services
12.17. India Smart Parking System Market Forecast, by Application
12.17.1. Transportation
12.17.2. Government Facilities
12.17.3. Commercial Area
12.18. Japan Smart Parking System Market Forecast, by Parking Sites
12.18.1. OFF- STREET
12.18.2. On- Street
12.19. Japan Smart Parking System Market Forecast, by Solution Type
12.19.1. Hardware
12.19.2. Software
12.19.3. Services
12.20. Japan Smart Parking System Market Forecast, by Application
12.20.1. Transportation
12.20.2. Government Facilities
12.20.3. Commercial Area
12.21. ASEAN Smart Parking System Market Forecast, by Parking Sites
12.21.1. OFF- STREET
12.21.2. On- Street
12.22. ASEAN Smart Parking System Market Forecast, by Solution Type
12.22.1. Hardware
12.22.2. Software
12.22.3. Services
12.23. ASEAN Smart Parking System Market Forecast, by Application
12.23.1. Transportation
12.23.2. Government Facilities
12.23.3. Commercial Area
12.24. Rest of Asia Pacific Smart Parking System Market Forecast, by Parking Sites
12.24.1. OFF- STREET
12.24.2. On- Street
12.25. Rest of Asia Pacific Smart Parking System Market Forecast, by Solution Type
12.25.1. Hardware
12.25.2. Software
12.25.3. Services
12.26. Rest of Asia Pacific Smart Parking System Market Forecast, by Application
12.26.1. Transportation
12.26.2. Government Facilities
12.26.3. Commercial Area
12.27. Asia Pacific Smart Parking System Market Attractiveness Analysis
12.27.1. By Parking Sites
12.27.2. By Solution Type
12.27.3. By Application
12.28. PEST Analysis
13. Middle East & Africa Smart Parking System Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Smart Parking System Market Overview
13.3. Middle East & Africa Smart Parking System Market Value Share Analysis, by Parking Sites
13.4. Middle East & Africa Smart Parking System Market Forecast, by Parking Sites
13.4.1. OFF- STREET
13.4.2. On- Street
13.5. Middle East & Africa Smart Parking System Market Value Share Analysis, by Solution Type
13.6. Middle East & Africa Smart Parking System Market Forecast, by Solution Type
13.6.1. Hardware
13.6.2. Software
13.6.3. Services
13.7. Middle East & Africa Smart Parking System Market Value Share Analysis, by Application
13.8. Middle East & Africa Smart Parking System Market Forecast, by Application
13.8.1. Transportation
13.8.2. Government Facilities
13.8.3. Commercial Area
13.9. Middle East & Africa Smart Parking System Market Value Share Analysis, by Country
13.10. Middle East & Africa Smart Parking System Market Forecast, by Country
13.10.1. GCC, 2018–2026
13.10.2. South Africa, 2018–2026
13.10.3. Rest of Middle East & Africa, 2018–2026
13.11. Middle East & Africa Smart Parking System Market Analysis, by Country/ Sub-region
13.12. GCC Smart Parking System Market Forecast, by Parking Sites
13.12.1. OFF- STREET
13.12.2. On- Street
13.13. GCC Smart Parking System Market Forecast, by Solution Type
13.13.1. Hardware
13.13.2. Software
13.13.3. Services
13.14. GCC Smart Parking System Market Forecast, by Application
13.14.1. Transportation
13.14.2. Government Facilities
13.14.3. Commercial Area
13.15. South Africa Smart Parking System Market Forecast, by Parking Sites
13.15.1. OFF- STREET
13.15.2. On- Street
13.16. South Africa Smart Parking System Market Forecast, by Solution Type
13.16.1. Hardware
13.16.2. Software
13.16.3. Services
13.17. South Africa Smart Parking System Market Forecast, by Application
13.17.1. Transportation
13.17.2. Government Facilities
13.17.3. Commercial Area
13.18. Rest of Middle East & Africa Smart Parking System Market Forecast, by Parking Sites
13.18.1. OFF- STREET
13.18.2. On- Street
13.19. Rest of Middle East & Africa Smart Parking System Market Forecast, by Solution Type
13.19.1. Hardware
13.19.2. Software
13.19.3. Services
13.20. Rest of Middle East & Africa Smart Parking System Market Forecast, by Application
13.20.1. Transportation
13.20.2. Government Facilities
13.20.3. Commercial Area
13.21. Middle East & Africa Smart Parking System Market Attractiveness Analysis
13.21.1. By Parking Sites
13.21.2. By Solution Type
13.21.3. By Application
13.22. PEST Analysis
14. Latin America Smart Parking System Market Analysis
14.1. Key Findings
14.2. Latin America Smart Parking System Market Overview
14.3. Latin America Smart Parking System Market Value Share Analysis, by Parking Sites
14.4. Latin America Smart Parking System Market Forecast, by Parking Sites
14.4.1. OFF- STREET
14.4.2. On- Street
14.5. Latin America Smart Parking System Market Value Share Analysis, by Solution Type
14.6. Latin America Smart Parking System Market Forecast, by Solution Type
14.6.1. Hardware
14.6.2. Software
14.6.3. Services
14.7. Latin America Smart Parking System Market Value Share Analysis, by Application
14.8. Latin America Smart Parking System Market Forecast, by Application
14.8.1. Transportation
14.8.2. Government Facilities
14.8.3. Commercial Area
14.9. Latin America Smart Parking System Market Value Share Analysis, by Country
14.10. Latin America Smart Parking System Market Forecast, by Country
14.10.1.1. Brazil, 2018–2026
14.10.1.2. Mexico, 2018–2026
14.10.1.3. Rest of Latin America, 2018–2026
14.11. Latin America Smart Parking System Market Analysis, by Country/ Sub-region
14.12. Brazil Smart Parking System Market Forecast, by Parking Sites
14.12.1. OFF- STREET
14.12.2. On- Street
14.13. Brazil Smart Parking System Market Forecast, by Solution Type
14.13.1. Hardware
14.13.2. Software
14.13.3. Services
14.14. Brazil Smart Parking System Market Forecast, by Application
14.14.1. Transportation
14.14.2. Government Facilities
14.14.3. Commercial Area
14.15. Mexico Smart Parking System Market Forecast, by Parking Sites
14.15.1. OFF- STREET
14.15.2. On- Street
14.16. Mexico Smart Parking System Market Forecast, by Solution Type
14.16.1. Hardware
14.16.2. Software
14.16.3. Services
14.17. Mexico Smart Parking System Market Forecast, by Application
14.17.1. Transportation
14.17.2. Government Facilities
14.17.3. Commercial Area
14.18. Rest of Latin America Smart Parking System Market Forecast, by Parking Sites
14.18.1. OFF- STREET
14.18.2. On- Street
14.19. Rest of Latin America Smart Parking System Market Forecast, by Solution Type
14.19.1. Hardware
14.19.2. Software
14.19.3. Services
14.20. Rest of Latin America Smart Parking System Market Forecast, by Application
14.20.1. Transportation
14.20.2. Government Facilities
14.20.3. Commercial Area
14.21. Latin America Smart Parking System Market Attractiveness Analysis
14.21.1. By Parking Sites
14.21.2. By Solution Type
14.21.3. By Application
14.22. PEST Analysis
15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.3. Company Profiles: Key Players
15.3.1. 3M
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Business Strategy
15.3.1.4. Recent Developments
15.3.1.5. Manufacturing Footprint
15.3.2. Swarco AG
15.3.3. Cubic Corporation
15.3.4. Amano Corporation
15.3.5. Nortek Control Systems Ltd.
15.3.6. Kapsch TrafficCom AG
15.3.7. Xerox Corporation
15.3.8. Siemens
15.3.9. BMW Group
15.3.10. Bosch
15.3.11. Aisin Seiki Co., Ltd.
15.3.12. Streetline, Inc.
15.3.13. Cisco Systems, Inc.
15.3.14. ParkMe, Inc.
15.3.15. Urbiotica
15.3.16. Skidata AG
15.3.17. Swarco AG
15.3.18. Smart Parking Ltd
15.3.19. Nedap N.V.
15.3.20. Parkmobile, LLC
15.3.21. CivicSmart
15.3.22. Worldsensing
15.3.23. Continental AG
16. Primary Key Insights
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