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In order to support sustainable development and safety of the drivers all major car manufacturing brands such as Audi, Mercedes, BMW, Ford and PSA Peugeot Citroën are coming up with hi-tech auto-parking technologies. For instance, BMW has pioneered in understanding the importance of connectivity between the cars and its surroundings, and has partnered with INRIX to introduce an application that would help BMW drivers to shorten the time consumed while searching for a vacant parking space. Furthermore, Ford is planning to design a smart car, integrated with sensors to detect empty parking spaces and to provide the correct information to the MIS; it was also capable of informing if the parking space is valid or not. Other automobile firms are also reframing there strategies to include smart parking as an important component in their upcoming car models.
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The global smart parking systems market by geography is segmented into six region including North America, Europe, Asia Pacific, Middle East & Africa and South America. North America is expected to account for the largest share of the global smart parking systems market in 2016, followed by Europe. Germany and UK being two key countries in Europe region which will lead smart parking systems market in this region and is also expected to continue its dominance throughout the forecast period from 2016 to 2025. The report profiles key players such SWARCO AG., Parkmobile, LLC, Xerox Corp., Kapsch, Nedap NV, SKIDATA AG., Urbiotica, Smart Parking Ltd., Cisco Systems, Inc. and Amano Mcgann, Inc. among others.
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The report segments the global smart parking systems market as follows:
Global Smart Parking Systems Market - By Parking Sites
On - Street Parking
Off - Street Parking
Global Smart Parking Systems Market - By Components
Hardware
Software
Services
Global Smart Parking Systems Market - By End-user Industry
Transportation Facilities
Government & Municipalities
Corporate Institutions
Commercial Institutions
Global Smart Parking Systems Market - By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
U.K.
Rest of Europe
Asia Pacific (APAC)
Japan
China
India
Australia
Rest of APAC
Middle East & Africa (MEA)
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
South America (SA)
Brazil
Rest of SA
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Release ID: 217526