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2020 Smart Parking Systems Market Size, Outlook and Opportunities -2026

  • ID:OGA1812MVS409
  • Published: June-2020
  • Pages:110
  • OG Analysis
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Global Smart Parking Systems Market Size, Outlook and Growth Opportunities to 2026: By Parking Site (Off-Street and On-Street), By Application (Commercial, Government and Transport Transit) and By Region

The COVID-19 pandemic had a negative impact on the market size for the year 2020, with small and medium scale companies struggling to sustain their businesses in the near term future. We anticipate around 2% to 3% deviation in growth (CAGR) outlook due to the corona virus spread. The Smart Parking Systems market growth has become variable by region with some countries offering huge growth potential while others face closures and low profit margins.

Global Smart Parking Systems Market is poised to report 11.33% year-on-year growth in 2020. Growing parking concern across the worldwide, increase in demand for IoT technology and rise in adoption rate in number of vehicles is striving the demand for global smart parking market.

Utilization of parking area and improper parking are the major factors in overcrowded cities that are projected to boost the demand for global smart parking system market. Increasing in number of hospitals, corporate hubs, shopping complexes are striving the demand for smart parking systems market.

Furthermore, high investment on building driverless vehicles and increase in building smart cities across the worldwide are expected to a great opportunity for the growth of the market. Intense employment cost & configuration is restraining the growth of the market.

Smart parking systems market analysis by parking site

The report analyses the global smart parking systems market based on parking site as off-street and on-street parking. Off-street parking site is projected to continue its dominance during the forecast period 2020-2026. Facilities like ticketing and advanced payment solutions along with launch of several mobile applications for parking guidance systems are favourable in fueling the growth of this segment.       

On-street parking site is predicted to grow over the coming years and this site in emerging countries is unsystematic that does not imply any fines.

Commercial segment is the leading application segment in global smart parking systems market

Commercial segment is the major segment with high growth potential, which is projected to grow over the forecast period 2020-2026. Intense convenience and flexibility coupled with mobile payment is anticipated to fuel the demand for commercial segment in global market.

The government segment is also expected to occupy major market share over the next coming years owing to government initiatives in emerged as well as emerging countries. Further, the global smart parking systems market is segmented into transport transit application.

Smart parking systems market is projected to increase its demand across the world

North America is having the largest market share in smart parking systems market over the forecast period 2020-2026, due to numerous new innovations from R&D and the adoption of new technologies in parking systems. Growing usage of advanced analytics in the development of smart sensors for parking systems is driving the demand for smart parking systems.

Asia-Pacific is projected to increase its demand for smart parking systems over the estimation period due to large scale industrialization in countries such as India, China, and Japan. Increase in geographic zones and client base are projected to propel the strong growth of Asia Pacific smart parking systems market.

Europe region also anticipated to grow owing to its increase in adoption of smart mobile application include mobile payments in parking areas. The leading manufacturers include BMW, Audi, Benz and others are offering in car smart parking solutions which is key factor that is boosting the growth of smart parking systems market in this region.

Increasing government spending on smart parking solutions is one of the factor driving the demand for smart parking systems market in South & Central America.

Key players of global smart parking systems market

Cisco Systems, Inc. (United States), Streetline, Inc. (United States), ParkMe, Inc. (United States), Urbiotica (Spain), Amano McGann, Inc. (United States), Skidata AG (Austria), Swarco AG (Austria), Smart Parking Ltd (Australia), Parkmobile, LLC (United States) and Nedap N.V. (Netherlands).

Scope:

Long term perspective on the Smart Parking Systems industry: 2019 (base year), 2020- 2026 (forecast period)

Smart Parking Systems Market- Forecasts by Segments- Parking Site and Application by geography.

  1. The research report classifies the global smart parking systems market into 2 parking sites including off-street and on-street.
  2. This report provides the market outlook by 3 applications including commercial, government and transport transit.
  3. The report analyses the global smart parking systems market across countries in 5 regions including Asia-Pacific, Europe, North America, South & Central America and Middle East & Africa.

Smart Parking Systems Market- Strategic Analysis Review

  1. Key strategies opted by leading players
  2. Short to Long Term Industry Trends
  3. Porter’s Five Forces Analysis
  4. Supply side and Demand Side Drivers and Challenges

Smart Parking Systems Market- Growth Opportunities

  1. Potential New Business Opportunities
  2. Key Areas of Focus in forecast period

Smart Parking Systems Market- Competitive Scenario

  1. 10 companies are analysed in the report including Cisco Systems, Inc. (United States), Streetline, Inc. (United States), ParkMe, Inc. (United States), Urbiotica (Spain), Amano McGann, Inc. (United States), Skidata AG (Austria), Swarco AG (Austria), Smart Parking Ltd (Australia), Parkmobile, LLC (United States) and Nedap N.V. (Netherlands).
  2. Company Peer-to-Peer Comparison
  3. Company Profile and SWOT Analysis
  4. Financial Analysis

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Table of Contents
1. Table of Contents
1.1 List of Tables
1.2 List of Figures



2. Introduction to Global Smart Parking Systems Market
2.1 Global Smart Parking Systems Market Snapshot, 2019
2.2 Smart Parking Systems Industry Overview
2.3 Research Perspective



3. Global Smart Parking Systems Market- Strategic Analysis
3.1 Short Term and Long Term Industry Trends Affecting Global Smart Parking Systems Market
3.2 Leading Smart Parking Systems Types Targeted by Global Manufacturers
3.3 Key Consumption Patterns of Smart Parking Systems
3.4 Potential Markets Vital for business Expansion
3.5 Five Forces Analysis
3.6 Drivers and Restraints



4. Global Smart Parking Systems Market Outlook and Growth Opportunities by Parking Site
4.1 Off-Street Market Outlook, 2020- 2026
4.2 On-Street Market Outlook, 2020- 2026



5. Global Smart Parking Systems Market Outlook and Growth Opportunities by Application
5.1 Smart Parking Systems Demand in Commercial Application, Market Outlook, 2020- 2026
5.2 Smart Parking Systems Demand in Government Application, Market Outlook, 2020- 2026
5.3 Smart Parking Systems Demand in Transport Transit Application, Market Outlook, 2020- 2026



6. Asia Pacific Smart Parking Systems Market Outlook and Growth Opportunities
6.1 Key Findings, 2019
6.2 Asia Pacific Smart Parking Systems Market Outlook by Parking Site, 2020- 2026
6.3 Asia Pacific Smart Parking Systems Market Outlook by Application, 2020- 2026
6.4 Asia Pacific Smart Parking Systems Market Outlook by Country, 2020- 2026



7. Europe Smart Parking Systems Market Outlook and Growth Opportunities
7.1 Key Findings, 2019
7.2 Europe Smart Parking Systems Market Outlook by Parking Site, 2020- 2026
7.3 Europe Smart Parking Systems Market Outlook by Application, 2020- 2026
7.4 Europe Smart Parking Systems Market Outlook by Country, 2020- 2026



8. North America Smart Parking Systems Market Outlook and Growth Opportunities
8.1 Key Findings, 2019
8.2 North America Smart Parking Systems Market Outlook by Parking Site, 2020- 2026
8.3 North America Smart Parking Systems Market Outlook by Application, 2020- 2026
8.4 North America Smart Parking Systems Market Outlook by Country, 2020- 2026



9. South & Central America Smart Parking Systems Market Outlook and Growth Opportunities
9.1 Key Findings, 2019
9.2 South & Central America Smart Parking Systems Market Outlook by Parking Site, 2020- 2026
9.3 South & Central America Smart Parking Systems Market Outlook by Application, 2020- 2026
9.4 South & Central America Smart Parking Systems Market Outlook by Country, 2020- 2026



10. Middle East & Africa Smart Parking Systems Market Outlook and Growth Opportunities
10.1 Key Findings, 2019
10.2 Middle East & Africa Smart Parking Systems Market Outlook by Parking Site, 2020- 2026
10.3 Middle East & Africa Smart Parking Systems Market Outlook by Application, 2020- 2026
10.4 Middle East & Africa Smart Parking Systems Market Outlook by Country, 2020- 2026



11. Competitive Landscape
11.1 Leading Players (Company Profile, SWOT Analysis, Smart Parking Systems Products, Financial Analysis)
11.1.1 Cisco Systems, Inc. (United States)
11.1.2 Streetline, Inc. (United States)
11.1.3 ParkMe, Inc. (United States)
11.1.4 Urbiotica (Spain)
11.1.5 Amano McGann, Inc. (United States)
11.1.6 Skidata AG (Austria)
11.1.7 Swarco AG (Austria)
11.1.8 Smart Parking Ltd (Australia)
11.1.9 Parkmobile, LLC (United States)
11.1.10 Nedap N.V. (Netherlands)
11.2 Company Benchmarking
11.3 Financial Analysis



12. Recent News and Deals Landscape
12.1 Mergers and Acquisitions
12.2 New Product Launches
12.3 Asset Transactions
12.4 Financial Announcements



13 Appendix
13.1 OGAnalysis Expertise
13.2 Sources and Research Methodology
13.3 Contact Information

 



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