Market Overview:
The global smart parking platform market is expected to grow at a CAGR of XX% 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 government, residential, and commercial applications. In addition, the growing awareness about the benefits of using smart parking platforms is also contributing to the growth of this market. The global smart parking platform market can be segmented on the basis of type into hardware, software, and service. The hardware segment is expected to account for a major share of the global market in 2018. This segment includes sensors, controllers, meters/pay stations, and other equipment used in a smart parking system. The software segment includes management software and payment processing software among others.
Product Definition:
A smart parking platform is a technology system that utilizes sensors and other equipment to help drivers find parking spaces quickly and easily. The importance of a smart parking platform lies in the fact that it can help reduce traffic congestion and greenhouse gas emissions by making the process of finding a parking space easier. Additionally, it can also help municipalities manage their parking resources more effectively.
Hardware:
Hardware is the part of any system or technology that can be broken down into two major parts, which are the tangible assets and intellectual property. The hardware includes parking meters, ticket dispensers, gates etc. whereas the software includes operating systems such as Android or iOS for mobile phones and their applications.
Software:
Software is the set of instructions, rules, and processes that are used to achieve a certain result. In the case of smart parking platform solutions, it refers to a collection of software solutions designed for managing and operating parking facilities. It helps in collecting data from various sources such as cameras and sensors installed across the facility along with information about users’ vehicles which further helps in charging them accordingly.
Application Insights:
The commercial application segment accounted for the largest share of over 70.0% in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to an increase in the number of commercial buildings, offices and shops across countries such as Germany, Japan, China and India. Moreover, companies are focusing on providing their employees with convenient access to parking facilities thereby driving demand for these platforms.
Residential applications are expected to witness significant growth over the forecast period owing to increasing urbanization trends across various regions including Asia Pacific and Middle East & Africa which has resulted in increased household formation rates coupled with high fertility rates among women residents globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing government initiatives, technological advancements, and high adoption of smart parking solutions by consumers in this region. For instance, according to a white paper published by Texas A&M University Parking Services on March 15th 2016; it was estimated that around 6 million spaces were available for public use across the entire agglomeration of Greater Houston area (Texas and Louisiana). As per this study, there are more than 1 million spots available for public use throughout the year despite dense population all around.
Growth Factors:
- Increasing demand for smart parking solutions from the municipal and commercial sectors
- Rising need for better traffic management and congestion reduction
- Proliferation of smart city initiatives worldwide
- Growing popularity of IoT-based parking solutions
- Advances in sensor and communication technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Parking Platform Market Research Report
By Type
Hardware, Software, Service
By Application
Government, Residential, Commercial
By Companies
Streetline, Libelium, Tata Elxsi, IPS Group, Kapsch TrafficCom, NuPark, Siemens, Huawei Technologies, Acer Inc., Robert Bosch
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Smart Parking Platform Market Report Segments:
The global Smart Parking Platform market is segmented on the basis of:
Types
Hardware, Software, Service
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
Government, Residential, Commercial
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:
- Streetline
- Libelium
- Tata Elxsi
- IPS Group
- Kapsch TrafficCom
- NuPark
- Siemens
- Huawei Technologies
- Acer Inc.
- Robert Bosch
Highlights of The Smart Parking Platform 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:
- Hardware
- Software
- Service
- By Application:
- Government
- Residential
- Commercial
- 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 Smart Parking Platform 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A Smart Parking Platform is a software application that helps manage parking spaces and permits. It can also provide real-time information about the status of parking spaces, including availability, occupancy, and pricing.
Some of the major companies in the smart parking platform market are Streetline, Libelium, Tata Elxsi, IPS Group, Kapsch TrafficCom, NuPark, Siemens, Huawei Technologies, Acer Inc., Robert Bosch.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Parking Platform 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 Smart Parking Platform Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Parking Platform 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 Smart Parking Platform 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 Smart Parking Platform Market Size & Forecast, 2018-2028
4.5.1 Smart Parking Platform Market Size and Y-o-Y Growth
4.5.2 Smart Parking Platform Market Absolute $ Opportunity
Chapter 5 Global Smart Parking Platform 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 Smart Parking Platform Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Parking Platform 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 Smart Parking Platform Market Size Forecast by Applications
6.2.1 Government
6.2.2 Residential
6.2.3 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Parking Platform 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 Smart Parking Platform 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 Smart Parking Platform Analysis and Forecast
9.1 Introduction
9.2 North America Smart Parking Platform 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 Smart Parking Platform Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Service
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 Smart Parking Platform Market Size Forecast by Applications
9.10.1 Government
9.10.2 Residential
9.10.3 Commercial
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 Smart Parking Platform Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Parking Platform 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 Smart Parking Platform Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Service
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 Smart Parking Platform Market Size Forecast by Applications
10.10.1 Government
10.10.2 Residential
10.10.3 Commercial
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 Smart Parking Platform Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Parking Platform 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 Smart Parking Platform Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Service
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 Smart Parking Platform Market Size Forecast by Applications
11.10.1 Government
11.10.2 Residential
11.10.3 Commercial
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 Smart Parking Platform Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Parking Platform 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 Smart Parking Platform Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Service
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 Smart Parking Platform Market Size Forecast by Applications
12.10.1 Government
12.10.2 Residential
12.10.3 Commercial
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) Smart Parking Platform Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Parking Platform 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) Smart Parking Platform Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Service
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) Smart Parking Platform Market Size Forecast by Applications
13.10.1 Government
13.10.2 Residential
13.10.3 Commercial
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 Smart Parking Platform Market: Competitive Dashboard
14.2 Global Smart Parking Platform Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Streetline
14.3.2 Libelium
14.3.3 Tata Elxsi
14.3.4 IPS Group
14.3.5 Kapsch TrafficCom
14.3.6 NuPark
14.3.7 Siemens
14.3.8 Huawei Technologies
14.3.9 Acer Inc.
14.3.10 Robert Bosch
