Market Overview:
The global city smart parking solution 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 solutions from commercial, residential, and government users across the globe. In addition, the growing awareness about the benefits of using such solutions is also contributing to the growth of this market. On-street parking solutions are expected to hold a major share of this market during the forecast period owing to their widespread adoption by commercial and government users. Off-street parking solutions are also gaining traction due to their ability to provide more secure and efficient parking options for users.
Product Definition:
City Smart Parking Solution is a parking management system that helps to optimize the use of parking spaces in a city. The system uses sensors to detect when a space is occupied or vacant, and then sends this information to a central database. Drivers can then use this information to find available parking spaces in the city. City Smart Parking Solution is important because it helps reduce traffic congestion and pollution caused by drivers looking for parking spaces.
On-street:
On-street is a term used for the spaces that are located on the public road, and not in a garage or lot. On-street parking space is designed to accommodate one vehicle only and does not include loading zone or metered spot. The growth factor of this market includes increasing number of vehicles coupled with growing preference for off street parking facilities by an average consumer due to its cost effectiveness, availability and time saving features.
Off-street:
Off-street parking is the capacity of storing a vehicle off the street, either in an enclosed garage or an open lot. It can be used for residential as well as commercial purposes. The size of off-street parking space directly affects its usage and hence it plays a crucial role in city smart parking solution market.
Application Insights:
The commercial use segment dominated the global city smart parking solution 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 is expected to drive industry expansion over the forecast period.
Residential uses of these systems are projected to witness significant growth owing to growing urbanization and rising disposable income among consumers, especially in emerging markets such as China and India. Furthermore, government initiatives that encourage residential development at affordable costs are further anticipated to propel industry penetration across various regions during the study period.
Other applications include airport car parkingsite s where advanced system provide information about available spaces by using sensors or cameras installed above or around car park entrances so that drivers can choose whether they should pull forward or exit their vehicles before choosing a space.
Regional Analysis:
North America dominated the global city smart parking solution market in 2017. The region is expected to maintain its position during the forecast period owing to increasing government initiatives for infrastructure development and growing adoption of advanced technologies across various sectors, including transportation. For instance, in 2015, the Government of Canada announced a USD X billion investment program for public transit systems and green infrastructure projects that include intelligent traffic management systems and smart sensors that can detect when a car is parked and alert authorities accordingly.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising demand from developing countries such as China, India, Indonesia among others. In addition, governments are encouraging private companies based outside their country for investing in urban transport sector which includes parking facilities thus driving industry growth across this region.
Growth Factors:
- Increasing demand for smart parking solutions from the commercial sector
- Rising demand for smart parking systems from the residential sector
- Proliferation of advanced technologies and sensors in parking management systems
- Growing need for optimized traffic flow and congestion management in cities
- Increasing investments by public authorities and private players in smart city initiatives
Scope Of The Report
Report Attributes
Report Details
Report Title
City Smart Parking Solution 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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global City Smart Parking Solution Market Report Segments:
The global City Smart Parking Solution 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 Solution 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 Solution 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 Solution is a parking management software that helps cities manage and optimize their parking resources. It provides real-time data on available spaces, permits issued, and violations.
Some of the major companies in the city smart parking solution 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 solution 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 Solution 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 Solution Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 City Smart Parking Solution 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 Solution 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 Solution Market Size & Forecast, 2018-2028
4.5.1 City Smart Parking Solution Market Size and Y-o-Y Growth
4.5.2 City Smart Parking Solution Market Absolute $ Opportunity
Chapter 5 Global City Smart Parking Solution 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 Solution 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 Solution 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 Solution 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 Solution 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 Solution 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 Solution Analysis and Forecast
9.1 Introduction
9.2 North America City Smart Parking Solution 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 Solution 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 Solution 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 Solution Analysis and Forecast
10.1 Introduction
10.2 Europe City Smart Parking Solution 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 Solution 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 Solution 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 Solution Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific City Smart Parking Solution 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 Solution 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 Solution 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 Solution Analysis and Forecast
12.1 Introduction
12.2 Latin America City Smart Parking Solution 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 Solution 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 Solution 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 Solution Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) City Smart Parking Solution 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 Solution 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 Solution 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 Solution Market: Competitive Dashboard
14.2 Global City Smart Parking Solution 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
