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Global Smart Parking Market 2015-2019

Global Smart Parking Market 2015-2019

About Smart Parking

Smart Parking is a vehicle parking system that helps drivers find parking space. It consists of sensors, apps, smart parking meters, and mobile-phone automated payment systems that allow drivers to reserve parking in advance and pay via his credit card or cash. Sensors and smart parking meters track the occupancy of parking spaces and pass on the information to the drivers through their smartphone app. These sensors also provide parking guidance to drivers. Smart parking helps in reducing traffic congestion, car emissions, and also in managing demand and supply of parking.

Technavio analysts forecast the global smart parking market to grow at a CAGR of 31.72% during 2015-2019.

Covered in this Report

The Technavio report, namely Global Smart Parking Market 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. It also covers the market landscape and its growth prospects in the coming years. The report includes the key vendors operating in the market.Key Regions

  • Americas
  • EMEA
  • APAC
Key Vendors
  • Amano McGann (Amano)
  • Deteq Solutions
  • IPS Group
  • Libelium Comunicaciones Distribuidas
  • SP Plus
  • TransCore
Other Vendors
  • 3M
  • APARC
  • Cisco Systems
  • Cubic Corporation
  • Fabr
  • Haystack
  • HCL
  • IBM
  • Kapsch
  • MSR-Traffic
  • ParkHelp
  • ParkMe
  • Parkmobile
  • Parkopedia
  • Q-Park
  • Serco
  • Siemens
  • Skidata
  • Smart Parking
  • Streetline
  • Swarco
  • T2 Systems
  • Urbiotica
  • Wilson Parking
  • Worldsensing
  • Xerox
Market Driver
  • Increased Installation of Smart Parking Meters
  • For a full and detailed list, view our report
Market Challenge
  • Issues with Accuracy of Sensors
  • For a full and detailed list, view our report
Market Trend
  • Increased Use of Data Analytics to Optimize Parking
  • For a full and detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Parking Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Smart Parking Market: Amano McGann (Amano Corp.), Deteq Solutions Ltd., IPS Group Inc., Libelium Comunicaciones Distribuidas SL, SP Plus Corp. and TransCore LP

Other Prominent Vendors in the market are: 3M, APARC, Cisco Systems, Cubic Corporation, Fabr, Haystack, HCL, IBM, Kapsch, MSR-Traffic, ParkHelp, ParkMe, Parkmobile, Parkopedia, Q-Park, Serco, Siemens, Skidata, Smart Parking, Streetline, Swarco, T2 Systems, Urbiotica, Wilson Parking, Worldsensing and Xerox

Commenting on the report, an analyst from Technavio’s team said: “Increased use of data analytics to optimize parking is one of the key trends being witnessed in this market. Data analytics software is predominantly used these days to provide better parking facilities to consumers.”

According to the report, one of the main drivers is the increased installation of smart parking meters. In most parking lots in the US, simple parking meters are being replaced with smart parking meters. Smart meters are more reliable than the older meters. In the case of any maintenance issues, smart meters wirelessly alert parking providers to address the problem.

Further, the report states that one of the major challenges in this market is the lowered accuracy of sensors. Sensors installed in parking spaces are affected by electromagnetic interference from overhead trolley lines that reduce the accuracy of vehicle detection sensing to 90%. The malfunctioning of these sensors also leads to inadequacy in automatically issuing parking tickets.

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
    • Table Characteristics of Smart Parking
  • Market Landscape
    • Market Overview
      • Table Registered Vehicles and Ratio of Parking Spaces to Vehicles in 2011
      • Smart Parking Operation
    • Market Size and Forecast
      • Table Global Smart Parking Market 2015-2019 ($ millions)
      • CAPEX Investment in Smart Parking Market by Segment
        • Table CAPEX Investment in Smart Parking Market by Segment 2015-2019 ($ millions)
      • Services Market
        • Table Global Smart Parking Services Market 2015-2019 ($ billions)
      • Smart Parking System Installation
        • Table Smart Parking System Installation 2015-2019 (in thousands)
      • Smart Parking Spaces
        • Table Smart Parking Spaces 2015-2019 (in millions)
    • Five Forces Analysis
  • Geographical Segmentation
    • Global Smart Parking Market by Geographical Segmentation 2014
      • Table Global Smart Parking Market by Geographical Segmentation 2014
    • Americas
    • EMEA
    • APAC
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Key News
      • Mergers and Acquisitions
    • Market Share Analysis 2014
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Amano McGann
      • Key Facts
      • Business Overview
      • Recent Developments
      • SWOT Analysis
    • Deteq Solutions
      • Key Facts
      • Business Overview
      • SWOT Analysis
    • IPS Group
      • Key Facts
      • Business Overview
      • Geographical Segmentation
        • Table IPS Group: Geographical Segmentation
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Libelium
      • Key Facts
      • Business Overview
      • Recent Developments
      • SWOT Analysis
    • SP Plus
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table SP Plus: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table SP Plus: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
      • Geographical Segmentation by Revenue 2013
        • Table SP Plus: Geographical Segmentation by Revenue 2013
      • Recent Developments
      • SWOT Analysis
    • TransCore
      • Key Facts
      • Business Overview
      • Key Offerings
        • Table TransCore: Key Offerings
      • SWOT Analysis
  • Other Reports in this Series

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