Market Overview:
The global city smart parking service market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart parking services from commercial, residential, and government users across the globe. In addition, the growing trend of using advanced technologies such as big data and artificial intelligence (AI) in parking management is also contributing to the growth of this market. On-street parking dominates the global city smart parking service market with a share of more than 60%. This can be attributed to factors such as ease of use and lower installation costs as compared to off-street parking facilities.
Product Definition:
City Smart Parking Service is a parking management system that uses sensors and smart meters to manage the availability of parking spaces in real-time. The service can help drivers find available parking spaces, and it can also help city officials manage traffic congestion and reduce pollution.
On-street:
On-street is a term used for the spaces that are located on the public road, generally between curb to curb. On-street parking spaces are designed to accommodate vehicles of all sizes and types; however, they vary in size and shape based on vehicle capacity. The number of on-street parking spaces available per 1,000 residents is known as the density ratio. The higher the density ratio, the more on-street parking space there will be available per 1,000 residents.
Off-street:
Off-street parking is a facility where vehicles can safely park on the ground without occupying any available space in an urban area. It provides benefits such as reduced traffic and better utilization of limited space. The growing population coupled with increasing demand for automobiles has led to the depletion of on-street parking spaces, which has further created a need for off-street parking facilities in cities across the globe.
Application Insights:
The commercial use segment dominated the global city smart parking service market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to an increase in demand for on-street and off-street parking facilities at commercial establishments as well as shopping malls, which has resulted in an increased number of users across various applications. Moreover, a rise in e-commerce activities coupled with growing population has led to increased demand for car park spaces at retail stores and hypermarkets/ supermarkets across various regions including Asia Pacific and Middle East & Africa. This factor is expected to drive the segment over the forecast period.
Residential uses are projected to witness significant growth over the forecast period owing to increasing urbanization along with rising disposable income levels among certain groups of consumers particularly living in emerging economies such as India, China Japan etcetera.
Regional Analysis:
North America dominated the global city smart parking service market in 2017. The region is expected to maintain its position during the forecast period. This growth can be attributed to increasing government initiatives, presence of large number of private companies offering such services, and high spending capacity of consumers in this region. For instance, In 2015, ParkWhiz was awarded as a distinguished business under new businesses category by The New York City Department of Small Business Services (DSS).
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing awareness among people about these services and rising disposable income especially in developing countries like China and India.
Growth Factors:
- Increasing demand for parking space in the urban areas
- Growing awareness about the benefits of smart parking services
- Proliferation of smart devices and sensors that can be used for parking management purposes
- Development of innovative technologies for smart parking management 5. Rising trend of shared mobility
Scope Of The Report
Report Attributes
Report Details
Report Title
City Smart Parking Service Market Research Report
By Type
On-street, Off-street
By Application
Commercial Use, Residential Use, Government Use, Other
By Companies
Amano Corporation, Xerox Corporation, Siemens, Cubic Corporation, Swarco AG, Thales, JIESHUN, SKIDATA, Kapsch TrafficCom, KEYTOP, Hangzhou Reformer, FlashParking, Fujica, T2 Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global City Smart Parking Service Market Report Segments:
The global City Smart Parking Service market is segmented on the basis of:
Types
On-street, Off-street
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Use, Residential Use, Government Use, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amano Corporation
- Xerox Corporation
- Siemens
- Cubic Corporation
- Swarco AG
- Thales
- JIESHUN
- SKIDATA
- Kapsch TrafficCom
- KEYTOP
- Hangzhou Reformer
- FlashParking
- Fujica
- T2 Systems
Highlights of The City Smart Parking Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-street
- Off-street
- By Application:
- Commercial Use
- Residential Use
- Government Use
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the City Smart Parking Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
City Smart Parking Service is a parking management service that helps cities manage and optimize their parking resources. It provides real-time information on available spaces, permits, and enforcement actions; helps cities plan for future growth; and assists in the development of parking policies.
Some of the major players in the city smart parking service market are Amano Corporation, Xerox Corporation, Siemens, Cubic Corporation, Swarco AG, Thales, JIESHUN, SKIDATA, Kapsch TrafficCom, KEYTOP, Hangzhou Reformer, FlashParking, Fujica, T2 Systems.
The city smart parking service market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 City Smart Parking Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 City Smart Parking Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 City Smart Parking Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the City Smart Parking Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global City Smart Parking Service Market Size & Forecast, 2018-2028
4.5.1 City Smart Parking Service Market Size and Y-o-Y Growth
4.5.2 City Smart Parking Service Market Absolute $ Opportunity
Chapter 5 Global City Smart Parking Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 City Smart Parking Service Market Size Forecast by Type
5.2.1 On-street
5.2.2 Off-street
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global City Smart Parking Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 City Smart Parking Service Market Size Forecast by Applications
6.2.1 Commercial Use
6.2.2 Residential Use
6.2.3 Government Use
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global City Smart Parking Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 City Smart Parking Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America City Smart Parking Service Analysis and Forecast
9.1 Introduction
9.2 North America City Smart Parking Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America City Smart Parking Service Market Size Forecast by Type
9.6.1 On-street
9.6.2 Off-street
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America City Smart Parking Service Market Size Forecast by Applications
9.10.1 Commercial Use
9.10.2 Residential Use
9.10.3 Government Use
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe City Smart Parking Service Analysis and Forecast
10.1 Introduction
10.2 Europe City Smart Parking Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe City Smart Parking Service Market Size Forecast by Type
10.6.1 On-street
10.6.2 Off-street
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe City Smart Parking Service Market Size Forecast by Applications
10.10.1 Commercial Use
10.10.2 Residential Use
10.10.3 Government Use
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific City Smart Parking Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific City Smart Parking Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific City Smart Parking Service Market Size Forecast by Type
11.6.1 On-street
11.6.2 Off-street
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific City Smart Parking Service Market Size Forecast by Applications
11.10.1 Commercial Use
11.10.2 Residential Use
11.10.3 Government Use
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America City Smart Parking Service Analysis and Forecast
12.1 Introduction
12.2 Latin America City Smart Parking Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America City Smart Parking Service Market Size Forecast by Type
12.6.1 On-street
12.6.2 Off-street
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America City Smart Parking Service Market Size Forecast by Applications
12.10.1 Commercial Use
12.10.2 Residential Use
12.10.3 Government Use
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) City Smart Parking Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) City Smart Parking Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) City Smart Parking Service Market Size Forecast by Type
13.6.1 On-street
13.6.2 Off-street
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) City Smart Parking Service Market Size Forecast by Applications
13.10.1 Commercial Use
13.10.2 Residential Use
13.10.3 Government Use
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 City Smart Parking Service Market: Competitive Dashboard
14.2 Global City Smart Parking Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amano Corporation
14.3.2 Xerox Corporation
14.3.3 Siemens
14.3.4 Cubic Corporation
14.3.5 Swarco AG
14.3.6 Thales
14.3.7 JIESHUN
14.3.8 SKIDATA
14.3.9 Kapsch TrafficCom
14.3.10 KEYTOP
14.3.11 Hangzhou Reformer
14.3.12 FlashParking
14.3.13 Fujica
14.3.14 T2 Systems
