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Strategic Analysis of Smart Parking Market in Europe and North America

Strategic Analysis of Smart Parking Market in Europe and North America

The total smart parking market revenue in Europe and North America is estimated at $􂀀billion in 2014 and it is expected to grow at a CAGR of􂀀% to reach $􂀀􂀀 billion in 2025. Specific growth opportunities are expected for parking operators through increasing technology-enabled parking solutions.

Top 20 parking app providers in Europe and North America already offer 􂀀 million parking spaces on behalf of 􂀀 million users. Their business model is expected to evolve to combine booking, payment, analytics, and demand-based pricing.

Peer-to-peer parking, online parking reservation, and mobile parking payment solutions are expected to grow at a CAGR of above 􂀀% between 2014–2025, creating an increasing market for mobile-based parking solutions and the supporting ecosystem.

Smart parking is expected to become an increasingly important component of smart cities, increasing revenue sought from parking by an average of 􂀀-􂀀%, as has been seen in Barcelona and Los Angeles.

Key investments up to $􂀀 million were raised for smart parking platforms for peer-to-peer parking, mobile parking payment, and parking hardware and software in Europe and North America till 2014.

Investment and strategic partnerships are being sought by several industry segments such as the automotive industry. BMW (ParkNow, Parkmobile) and Daimler (Park2gether, GottaPark) are currently the leading OEMs in parking management solutions.

About this report

The study analyses smart parking systems and their influence on the parking industry through technology-enabled parking solutions. It describes the ecosystem and market size for smart parking in Europe and North America, and analyzes the strategies of major parking operators, and parking app, infrastructure, and parking management companies. It also evaluates the link between parking and automotive industries, while highlighting investment and strategic partnerships. The study also discusses challenges in parking management and how the industry is working with city councils, governments, and infrastructure providers to deliver best services.


  • Executive Summary
    • Executive Summary—Key Findings
    • Executive Summary—Key Findings and Future Outlook
    • Executive Summary—Smart Parking in Pisa, Italy
    • Executive Summary—Smart Parking in the US: LA Express Park
    • Executive Summary—Key Differences in Parking: Europe and North America
    • Executive Summary—Automotive OEMs' Interests in Parking Industry
    • Executive Summary—Total Smart Parking Market Estimates
    • Executive Summary—Associated Multimedia
  • Research Scope, Objectives, Background, and Methodology
    • Research Scope
    • Research Aims and Objectives
    • Key Questions this Study will Answer
    • Research Background
    • Research Methodology
    • Key Companies Compared in this Study
  • Definition and Segmentation of Smart Parking
    • Definition of Smart Parking
    • Smart Parking Segments
    • Smart Parking Market Overview—Positioning of Business Models
  • Smart Parking Key Locations and Areas
    • Smart Parking Key Locations
    • Smart Parking in Pisa, Italy
    • Key Cities in Europe
    • Key City Analysis—Paris
    • Key City Analysis—Barcelona
    • Key City Analysis—London
    • Parking Regulations (Existing and New Laws)
    • Smart Parking in the US—LA Express Park
    • Key Cities in North America
    • Key City Analysis for Parking—San Francisco
    • Key City Analysis for Parking—New York
    • Key City Analysis for Parking—Chicago
    • Parking Regulations (Existing and New Laws)
  • Smart Parking Ecosystem
    • Smart Parking Key Industry Participants
    • Overview—Automotive OEMs' Interests in Parking Industry
    • Smart Parking Technologies
    • Key Parking Innovations
  • Smart Parking Key Participants
    • Park2gether
    • JustPark
    • EasyPark
    • Parkopedia
    • Parkeon
    • Parkmobile
    • ParkTag
    • Streetline
    • Streetline IoT Smart Parking
    • Streetline Product Portfolio Summary
  • Smart Parking Forecasts
    • Smart Parking Definition
    • Total Smart Parking Market Estimates
    • Market Estimates—P2P Parking and Online Reservation
    • Forecast Scenario Assumptions for P2P Parking and Online Reservation
    • Market Estimates for Parking Infrastructure and Hardware/Software Providers
    • Forecast Scenario Assumptions for Parking Infrastructure and Hardware/Software Providers
    • Market Estimates for Mobile Parking Payment Companies
    • Forecast Scenario Assumptions for Mobile Parking Payment Companies
    • Market Estimates for Parking Management Companies
    • Forecast Scenario Assumptions for Parking Management Companies
    • Market Estimates for Parking Operators
    • Forecast Scenario Assumptions for Parking Operators
    • Technology Roadmap of Parking Industry
  • Smart Parking Key Trends
    • Key Areas of Innovation across Ecosystem
    • Smart Parking to Cities—Streetline and Lafayette
    • Smart Parking in Automotive Industry—Case Study: Parkopedia
    • Investment Areas of Interest
  • Conclusions and Future Outlook
    • Key Conclusions and Future Outlook
    • The Last Word—Three Big Predictions
  • Appendix
    • Parking Industry Estimates Based on Potential Turnover and Spaces
    • Industry Ecosystem
    • Highlights of European Parking Industry
    • Highlights of US Parking Industry
    • Key Definitions
    • Efficient Parking Management Strategies
    • Table of Acronyms Used
    • Market Engineering Methodology

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