Smart Parking Systems Global Market Report 2023

Description

“Smart Parking Systems Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on smart parking systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for smart parking systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The smart parking systems market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Off-Street Parking; On-Street Parking
2) By Hardware: Pucks; Cameras And LPRs; Smart Meters; Signage; Parking Gates
3) By Software: Parking Guidance System; Analytics Solutions
4) By Service: Consulting Service; Engineering Service; Mobile App Parking Service
5) By Application: Commercial; Government; Transport Transit
Companies Mentioned: Bayerische Motoren Werke AG; Siemens A.G.; IBM Corporation; Cisco Systems Inc.; Swarco AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the smart parking systems market are: Bayerische Motoren Werke AG, Siemens A.G., IBM Corporation, Cisco Systems Inc., Swarco AG, Kapsch TrafficCom, SKIDATA GmbH, Nedap N.V., Mindteck, FlashParking, EasyPark Group, INRIX Inc., Amano McGann Inc., Municipal Parking Services Inc., Altiux Innovations Pvt. Ltd., Gtechna, Indect Electronics & Distribution GmbH, JustPark, CivicSmart Inc., Urbiotica S.L, 6sense Innovations Ltd., Cleverciti Systems, Meter Feeder Inc., Parkme Inc., evopark GmbH, Amco S.A., and HomiSmart Ltd.

The global smart parking systems market is expected to grow from $5.89 billion in 2022 to $7.11 billion in 2023 at a compound annual growth rate (CAGR) of 22.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart parking systems market is expected to reach $15.17 billion in 2027 at a CAGR of 20.9%.

The smart parking systems market includes revenues earned by entities by minimizing traffic congestion, enhancing user experience, and supporting data-driven decision-making for effective urban planning. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The smart parking systems market consists of sales of parking access control systems, parking sensors, and parking guiding systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Smart parking systems refer to tools and strategies designed to increase parking spots' effectiveness, convenience, and management. Smart parking systems allow parking attendants to effectively utilize parking spaces to manage street parking in a contemporary and effective manner, reducing urban traffic and pollution.

North America was the largest region in the smart parking systems market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in smart parking systems report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of smart parking systems are off-street parking and on-street parking. Off-street parking refers to parking spots or places set aside for cars that are not found on public roads or streets. The types of hardware are used includes pucks, cameras and LPRs, smart meters, signage, and parking gates, along with various types of software, such as parking guidance systems and analytics solutions. These are used to provide different services, such as consulting services, engineering services, and mobile app parking services, which are used for several applications, including commercial, government, and transport transit.

The increasing number of vehicles is expected to propel the growth of the smart parking systems market going forward. A vehicle is a mechanical device intended for travel, usually on highways or other flat surfaces. Vehicle owners may greatly benefit from smart parking systems, which save time and effort, decrease stress, save money, increase safety, make parking more accessible, and make reservations and pre-booking easier. For instance, in December 2022, according to the Government Digital Service, a UK-based public sector information website, there were 1 million licensed plug-in vehicles in the UK by the end of September 2022, an increase from 1 in 61 (1.6%) at the end of September 2021 to 1 in 40 (2.5%) of all licensed road-using vehicles. There were 40.8 million licensed vehicles in the UK at the end of September 2022, up 0.7% from the end of September 2021. Therefore, the increasing number of vehicles is driving the growth of the smart parking systems market.

Technological innovations are a key trend gaining popularity in the smart parking systems market. Major companies operating in the smart parking systems market are adopting new technologies to sustain their position in the market. For instance, in August 2022, WM Motor Technology Co. Ltd., a China-based automobile technology company, launched 3.0 smart parking technology. The 3.0 level of WM Motor's smart parking technology is represented by this service, which connects the massive data output from the mobile, field, and automobile sides into a single stream. Users can employ the new technology for excellent car parking capabilities as the process develops.

In August 2021, Smart Parking Limited, a UK-based smart parking solutions company, acquired Enterprise Parking Solutions Limited for an undisclosed amount. With this acquisition, Smart Parking will be able to increase its size and move closer to its growth goal of 1,000 UK outlets by June 2023. Enterprise Parking Solutions Limited is a UK-based automated car park management and parking enforcement services company.

The countries covered in the smart parking systems market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The smart parking systems market research report is one of a series of new reports from The Business Research Company that provides smart parking systems market statistics, including smart parking systems industry global market size, regional shares, competitors with a smart parking systems market share, detailed smart parking systems market segments, market trends and opportunities, and any further data you may need to thrive in the smart parking systems industry. This smart parking systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r8272

1. Executive Summary

2. Smart parking Systems Market Characteristics

3. Smart parking Systems Market Trends And Strategies

4. Smart parking Systems Market - Macro Economic Scenario

4.1. Impact Of High Inflation On Online Therapy Services Market
4.2. Ukraine-Russia War Impact On Online Therapy Services Market
4.3. COVID-19 Impact On Online Therapy Services Market
5.1. Global Smart parking Systems Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
5.2. Global Smart parking Systems Forecast Market Size and Growth, 2022 - 2027, 2032F, Value ($ Billion)
5.3. Global Smart parking Systems Market Drivers and Restraints
- 5.3.1. Drivers Of The Market
- 5.3.2. Restraints Of The Market

6. Smart parking Systems Market Segmentation

6.1. Global Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Off-Street Parking
On-Street Parking
6.2. Global Smart parking Systems Market, Segmentation By Hardware, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Pucks
Cameras And LPRs
Smart Meters
Signage
Parking Gates
6.3. Global Smart parking Systems Market, Segmentation By Software, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Parking Guidance System
Analytics Solutions
6.4. Global Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Consulting Service
Engineering Service
Mobile App Parking Service
6.5. Global Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Commercial
Government
Transport Transit

7. Smart parking Systems Market Regional And Country Analysis

7.1. Global Smart parking Systems Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Smart parking Systems Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Smart parking Systems Market

8.1. Asia-Pacific Smart parking Systems Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.4. Asia-Pacific Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Smart parking Systems Market

9.1. China Smart parking Systems Market Overview
9.2. China Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.4. China Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Smart parking Systems Market

10.1. India Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.3. India Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Smart parking Systems Market

11.1. Japan Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.3. Japan Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Smart parking Systems Market

12.1. Australia Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.3. Australia Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Smart parking Systems Market

13.1. Indonesia Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.3. Indonesia Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Smart parking Systems Market

14.1. South Korea Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.3. South Korea Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Smart parking Systems Market

15.1. Western Europe Smart parking Systems Market Overview
15.2. Western Europe Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.4. Western Europe Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Smart parking Systems Market

16.1. UK Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.3. UK Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Smart parking Systems Market

17.1. Germany Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.3. Germany Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Smart parking Systems Market

18.1. France Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.3. France Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Italy Smart parking Systems Market

19.1. Italy Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.2. Italy Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Italy Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Spain Smart parking Systems Market

20.1. Spain Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Spain Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.3. Spain Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. Eastern Europe Smart parking Systems Market

21.1. Eastern Europe Smart parking Systems Market Overview
21.2. Eastern Europe Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. Eastern Europe Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.4. Eastern Europe Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. Russia Smart parking Systems Market

22.1. Russia Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.2. Russia Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. Russia Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. North America Smart parking Systems Market

23.1. North America Smart parking Systems Market Overview
23.2. North America Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. North America Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.4. North America Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. USA Smart parking Systems Market

24.1. USA Smart parking Systems Market Overview
24.2. USA Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.3. USA Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.4. USA Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Canada Smart parking Systems Market

25.1. Canada Smart parking Systems Market Overview
25.2. Canada Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Canada Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.4. Canada Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. South America Smart parking Systems Market

26.1. South America Smart parking Systems Market Overview
26.2. South America Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. South America Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.4. South America Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Brazil Smart parking Systems Market

27.1. Brazil Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27.2. Brazil Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27.3. Brazil Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

28. Middle East Smart parking Systems Market

28.1. Middle East Smart parking Systems Market Overview
28.2. Middle East Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
28.3. Middle East Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
28.4. Middle East Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

29. Africa Smart parking Systems Market

29.1. Africa Smart parking Systems Market Overview
29.2. Africa Smart parking Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
29.3. Africa Smart parking Systems Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
29.4. Africa Smart parking Systems Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

30. Smart parking Systems Market Competitive Landscape And Company Profiles

30.1. Smart parking Systems Market Competitive Landscape
30.2. Smart parking Systems Market Company Profiles
- 30.2.1. Bayerische Motoren Werke AG
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Seimens A.G.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. IBM Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Cisco Systems Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Swarco AG
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Smart parking Systems Market Other Major And Innovative Companies

31.1. Kapsch TrafficCom
31.2. SKIDATA GmbH
31.3. Nedap N.V.
31.4. Mindteck
31.5. FlashParking
31.6. EasyPark Group
31.7. INRIX Inc.
31.8. Amano McGann Inc.
31.9. Municipal Parking Services Inc.
31.10. Altiux Innovations Pvt. Ltd.
31.11. Gtechna
31.12. Indect Electronics & Distribution GmbH
31.13. JustPark
31.14. CivicSmart Inc.
31.15. Urbiotica S.L

32. Global Smart parking Systems Market Competitive Benchmarking

33. Global Smart parking Systems Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Smart parking Systems Market

35. Smart parking Systems Market Future Outlook and Potential Analysis

35.1 Smart parking Systems Market In 2027 - Countries Offering Most New Opportunities
35.2 Smart parking Systems Market In 2027 - Segments Offering Most New Opportunities
35.3 Smart parking Systems Market In 2027 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer