-- Smart parking market is expected to grow US$ 1462.3 million by 2025 from 398.6 million 2016. Off street parking is anticipated to continue its dominance over the forecast period. Presently, almost 68% of the smart parking systems are off street parking. Off-street smart parking solutions are majorly utilized by governments and municipalities, corporate institutions, commercial institutions and transport facilities. Globally off-street parking is considered as a cost-effective and convenient parking solution.
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Key trend which will predominantly effect the market in coming year is rapid evolution of technologies supporting the growth of smart parking systems across the globe. Smart parking market is anticipated to witness several technological improvisations in terms of expansion of bandwidth and connectivity. Growth in smart parking systems market is fueled by the surging demand for flexible, scalable and efficient parking systems to manage the on-street and off-street parking spaces, in order to reduce the gridlocks taking place because of large number of commuters circling on road searching for parking spaces.
List of companies
Amano McGann, Inc.
Cisco
Smart Parking Ltd.
Urbiotica
SKIDATA AG
Nedap NV
Kapsch
Xerox Corp.
Parkmobile, LLC
SWARCO AG
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TOC :
3 Smart Parking Systems Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Global Smart Parking Systems Market - By Parking Site
3.2.2 Global Smart Parking Systems Market - By Components
3.2.3 Global Smart Parking Systems Market - By End-user Industry
3.2.4 Global Smart Parking Systems Market - By Geography
3.2.4.1 By Countries
3.3 Value Chain Analysis
4 Smart Parking Systems Market - Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
5 Smart Parking Systems Market Analysis- Five Forces Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of Substitutes
5.1.4 Threat of New Entrants
5.1.5 Degree of Competition
6 Smart Parking Systems Market Analysis- Competitive Landscape
6.1 Global Smart Parking Systems Market Overview
6.2 Global Smart Parking Systems Market forecast and analysis
6.3 Global Smart Parking Systems Market - Key Players by Product Portfolio and Region, 2015
6.4 Global Smart Parking Systems Market, Key Players by Region
7 Smart Parking systems Market Revenue and Forecasts to 2025 - Parking sites
7.1 Overview
7.2 Parking Sites market forecast and analysis
7.3 On - Street Parking Market
7.3.1 Overview
7.3.2 On - Street Parking market forecast and analysis
7.4 Off - Street Parking Market
7.4.1 Overview
7.4.2 Off - Street Parking market forecast and analysis
Contact Info:
Name: Sameer Joshi
Email: Send Email
Organization: The Insight Partners
Website: http://www.theinsightpartners.com/reports/smart-parking-market
Release ID: 242605
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