The Smart Parking Market was valued at USD 6.3 billion in 2022 and is predicted to expand to USD 31.73 billion by 2030, growing at a CAGR of 22.4% between 2023 and 2030.
Smart parking is called Intelligent parking technology helps drivers park safely. The availability of a parking space is indicated by a sign or symbol using sensors and incorporated smart parking system software. The driver is correctly alerted when a space opens up thanks to the vehicle's effective management. Using a number of sensors that are deployed as hardware in the parking area, this system determines whether or not there are any cars there. By delivering real-time data on its availability, a smart parking system enables drivers to accommodate a nearby parking space without obstructing other vehicles. Additionally, this technology is designed to address the ongoing parking issue that harms the environment. The system consists of parts that allow customers to monitor available and unavailable parking spots, real-time data interference, and smart mobile applications. The ability to park a vehicle properly using a smartphone and the development of infrastructure to enable such mobility led to a reduction in the time it takes a user to locate an open parking space. Additionally, some systems make it easier to access services like online payments, parking time alerts, and even car search capabilities for extremely large parking lots.
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Drivers
Demand for (IoT) based technology consistently increasing
Increasing number of vehicles on the road and need for parking for them.
Issue related to parking is consistently increasing across the world.
Finding a free parking space during peak hours can be difficult in places like the airport, hospitals, universities, hotel and retail complexes, and exhibition and conference centers. Parking for homes and businesses is getting more and more challenging as the population expands. The problem is addressed by new features including SMS notifications of accessible free spaces and real-time updates on space bookings made with cutting-edge parking technology. This method reduces the amount of time a user must spend looking for parking spaces by automatically determining the best parking floor and location. As a result, smart parking has become more and more in demand all over the world.
Restrains
Cost of implementation of a smart parking system is high.
Increasing the price of vehicles.
Opportunities
Continuously increasing smart cities.
Governments are taking initiatives to autonomous cars and smart park technology
Many automakers, including Tesla, Waymo, and Ford, have trialed a parking assistance feature in autonomous vehicles that displays parking spaces due to the constant advancement in technology. Technologies for controlling or parking vehicles using smartphones have been developed in several nations, including Canada, the United States, Germany, the United Kingdom, and others. The issue of congestion for smart parking is also addressed by frequent upgrades from software suppliers. Future profitable growth opportunities for the smart parking sector are predicted to result from ongoing infrastructure and technological advancements.
Challenges
Not sufficient availability of supporting infrastructure
Design of smart parking solutions is complex.
Armed conflicts and geopolitical tensions often lead to economic instability in the affected regions. This instability can result in reduced investments, slower economic growth, and a decline in consumer spending. As a consequence, the smart parking market may experience a slowdown due to lower demand and limited financial resources for infrastructure development.
In regions directly affected by the war, infrastructure damage is a significant concern. Critical infrastructure, including parking facilities, may be destroyed or heavily impacted, disrupting existing smart parking systems. The need for reconstruction and rehabilitation could divert resources away from technology investments in the short term. The impact on the smart parking market will likely vary across different regions. Areas closer to the conflict zone may experience more significant disruptions, while regions further away may witness a relatively lesser impact. Factors such as local government initiatives, infrastructure development plans, and economic diversification efforts will influence the resilience and recovery of the smart parking market in each specific region.
Impact of Recession
During a recession, individuals and businesses tend to tighten their budgets and cut back on discretionary spending. This may result in delayed or reduced investments in smart parking infrastructure and technologies. As a result, the growth of the smart parking market could be temporarily slowed down. On the other hand, during a recession, organizations may focus on cost optimization and efficiency. Smart parking solutions can help optimize parking operations, reduce congestion, and improve the overall utilization of parking spaces. As businesses seek ways to streamline their operations and cut costs, the adoption of smart parking technologies may increase. Governments often implement stimulus packages during recessions to stimulate economic growth. These packages may include infrastructure development projects, including the modernization of transportation systems. Smart parking initiatives could be a part of such programs, leading to increased investment in the sector. Recessions can also serve as catalysts for innovation as businesses look for new ways to improve efficiency and productivity. Smart parking providers may respond to the changing economic landscape by developing more cost-effective solutions or introducing innovative business models. These advancements can drive the market forward even during challenging economic times.
By Type
off-street
on-street
By Technology
Ultrasonic
RFID
By Service
Consulting Service
Engineering Service
Mobile App Parking Service
By Application
Security & Surveillance
Smart Payment System
E-Parking
License Plate Recognition
By End-user
Commercial
Government
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North America accounted for the high share of the market for smart parking systems. The regional market for smart parking systems is anticipated to expand through 2030 due to the rising number of automobiles. Due to growing traffic congestion, numerous public-private collaboration initiatives have been made to implement smart parking solutions in different cities across North America. To ensure secure & legal parking for individual & commercial vehicles, the governments are also implementing supportive steps in conjunction with smart parking system service providers. Additionally, the region's adoption of smart city projects is encouraging the development of smart parking systems.
Due to the growing emphasis of regional governments on improving parking management and lowering air pollution & traffic congestion, the Asia Pacific smart parking systems market is anticipated to grow considerably in the forecast period. The Asia Pacific smart parking systems market is also anticipated to be driven by significant regional and international market entrant penetration. For instance, to bolster its range of smart parking solutions, the Indian startup ParkMate obtained undisclosed money in 2022 through the worldwide accelerator program Evolvex. In the regional analysis study of the regions of North America, Europe, Asia Pacific middle east, and Africa.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
The major players are Amano McGann, Inc., Continental AG, Dongyang Menics Co., Ltd, IEM SA, IPS Group Inc., Klaus Multiparking Systems, Robert Bosch GmbH, Smart Parking Limited, Flowbird, Swarco AG, Urbiotica, SKIDATA AG, and others
Robert Bosch GmbH inked a deal with APCOA in January 2023 to provide Automated Valet Parking Technology in Parking Garages throughout Germany. Both firms intended to prepare up to four parking spaces per garage for automated valet parking.
Amano McGann, Inc. has engaged in cooperation with Soldier Field in Chicago to deliver New Parking Technology in October 2022. This system provides decreased maintenance costs, continuous upgrades, and simple Quick-Scan Onboarding.
| Report Attributes | Details |
| Market Size in 2022 | US$ 6.3 Bn |
| Market Size by 2030 | US$ 31.73 Bn |
| CAGR | CAGR of 22.4% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (off-street, on-street) • By Technology (IoT, Ultrasonic, RFID) • By Service (Consulting Service, Engineering Service, Mobile App Parking Service) • By Application (security & surveillance, smart payment system, E-parking, license plate recognition) • By End-user (commercial, Government) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Amano McGann, Inc., Continental AG, Dongyang Menics Co., Ltd, IEM SA, IPS Group Inc., Klaus Multiparking Systems, Robert Bosch GmbH, Smart Parking Limited, Flowbird, Swarco AG, Urbiotica, SKIDATA AG |
| Key Drivers | • Demand for (IoT) based technology consistently increasing • Increasing number of vehicles on the road and need for parking for them. • Issue related to parking is consistently increasing across the world. |
| Market Restraints | • Cost of implementation of a smart parking system is high. • Increasing the price of vehicles. |
Ans: USD 6.3 billion in 2022 is the market share of the Smart Parking Market.
Ans. 22.4 is the CAGR of the Smart Parking Market.
Ans. The worldwide key players in the Smart Parking Market are Amano McGann, Inc., Continental AG, IEM SA, Klaus Multiparking Systems, Robert Bosch GmbH, and others.
Ans: • Demand for (IoT) based technology consistently increasing
• Increasing number of vehicles on the road and need for parking for them
Ans: North America is the dominating region in Smart Parking Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Smart Parking Market Segmentation, By Type
8.1 off-street
8.2 on-street
9. Smart Parking Market Segmentation, By Technology
9.1 IoT
9.2 Ultrasonic
9.3 RFID
10. Smart Parking Market Segmentation, By Service
10.1 Consulting Service
10.2 Engineering Service
10.3 Mobile App Parking Service
11. Smart Parking Market Segmentation, By Application
11.1 security & surveillance
11.2 smart payment system
11.3 E-parking
11.4 license plate recognition
12. Smart Parking Market Segmentation, By End-User
12.1 Commercial
12.2 Government
13 Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Smart Parking Market By Country
13.2.2 North America Smart Parking Market By Type
13.2.3 North America Smart Parking Market By Technology
13.2.4 North America Smart Parking Market By Service
13.2.5 North America Smart Parking Market By Application
13.2.6 North America Smart Parking Market By End-User
13.2.7 USA
13.2.7.1 USA Smart Parking Market By Type
13.2.7.2 USA Smart Parking Market By Technology
13.2.7.3 USA Smart Parking Market By Service
13.2.7.4 USA Smart Parking Market By Application
13.2.7.5 USA Smart Parking Market By End-User
13.2.8 Canada
13.2.8.1 Canada Smart Parking Market By Type
13.2.8.2 Canada Smart Parking Market By Technology
13.2.8.3 Canada Smart Parking Market By Service
13.2.8.4 Canada Smart Parking Market By Application
13.2.8.5 Canada Smart Parking Market By End-User
13.2.9 Mexico
13.2.9.1 Mexico Smart Parking Market By Type
13.2.9.2 Mexico Smart Parking Market By Technology
13.2.9.3 Mexico Smart Parking Market By Service
13.2.9.4 Mexico Smart Parking Market By Application
13.2.9.5 Mexico Smart Parking Market By End-User
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Eastern Europe Smart Parking Market By Country
13.3.1.2 Eastern Europe Smart Parking Market By Type
13.3.1.3 Eastern Europe Smart Parking Market By Technology
13.3.1.4 Eastern Europe Smart Parking Market By Service
13.3.1.5 Eastern Europe Smart Parking Market By Application
13.3.1.6 Eastern Europe Smart Parking Market By End-User
13.3.1.7 Poland
13.3.1.7.1 Poland Smart Parking Market By Type
13.3.1.7.2 Poland Smart Parking Market By Technology
13.3.1.7.3 Poland Smart Parking Market By Service
13.3.1.7.4 Poland Smart Parking Market By Application
13.3.1.7.5 Poland Smart Parking Market By End-User
13.3.1.8 Romania
13.3.1.8.1 Romania Smart Parking Market By Type
13.3.1.8.2 Romania Smart Parking Market By Technology
13.3.1.8.3 Romania Smart Parking Market By Service
13.3.1.8.4 Romania Smart Parking Market By Application
13.3.1.8.5 Romania Smart Parking Market By End-User
13.3.1.9 Hungary
13.3.1.9.1 Hungary Smart Parking Market By Type
13.3.1.9.2 Hungary Smart Parking Market By Technology
13.3.1.9.3 Hungary Smart Parking Market By Service
13.3.1.9.4 Hungary Smart Parking Market By Application
13.3.1.9.5 Hungary Smart Parking Market By End-User
13.3.1.10 Turkey
13.3.1.10.1 Turkey Smart Parking Market By Type
13.3.1.10.2 Turkey Smart Parking Market By Technology
13.3.1.10.3 Turkey Smart Parking Market By Service
13.3.1.10.4 Turkey Smart Parking Market By Application
13.3.1.10.5 Turkey Smart Parking Market By End-User
13.3.1.11 Rest of Eastern Europe
13.3.1.11.1 Rest of Eastern Europe Smart Parking Market By Type
13.3.1.11.2 Rest of Eastern Europe Smart Parking Market By Technology
13.3.1.11.3 Rest of Eastern Europe Smart Parking Market By Service
13.3.1.11.4 Rest of Eastern Europe Smart Parking Market By Application
13.3.1.11.5 Rest of Eastern Europe Smart Parking Market By End-User
13.3.2 Western Europe
13.3.2.1 Western Europe Smart Parking Market By Country
13.3.2.2 Western Europe Smart Parking Market By Type
13.3.2.3 Western Europe Smart Parking Market By Technology
13.3.2.4 Western Europe Smart Parking Market By Service
13.3.2.5 Western Europe Smart Parking Market By Application
13.3.2.6 Western Europe Smart Parking Market By End-User
13.3.2.7 Germany
13.3.2.7.1 Germany Smart Parking Market By Type
13.3.2.7.2 Germany Smart Parking Market By Technology
13.3.2.7.3 Germany Smart Parking Market By Service
13.3.2.7.4 Germany Smart Parking Market By Application
13.3.2.7.5 Germany Smart Parking Market By End-User
13.3.2.8 France
13.3.2.8.1 France Smart Parking Market By Type
13.3.2.8.2 France Smart Parking Market By Technology
13.3.2.8.3 France Smart Parking Market By Service
13.3.2.8.4 France Smart Parking Market By Application
13.3.2.8.5 France Smart Parking Market By End-User
13.3.2.9 UK
13.3.2.9.1 UK Smart Parking Market By Type
13.3.2.9.2 UK Smart Parking Market By Technology
13.3.2.9.3 UK Smart Parking Market By Service
13.3.2.9.4 UK Smart Parking Market By Application
13.3.2.9.5 UK Smart Parking Market By End-User
13.3.2.10 Italy
13.3.2.10.1 Italy Smart Parking Market By Type
13.3.2.10.2 Italy Smart Parking Market By Technology
13.3.2.10.3 Italy Smart Parking Market By Service
13.3.2.10.4 Italy Smart Parking Market By Application
13.3.2.10.5 Italy Smart Parking Market By End-User
13.3.2.11 Spain
13.3.2.11.1 Spain Smart Parking Market By Type
13.3.2.11.2 Spain Smart Parking Market By Technology
13.3.2.11.3 Spain Smart Parking Market By Service
13.3.2.11.4 Spain Smart Parking Market By Application
13.3.2.11.5 Spain Smart Parking Market By End-User
13.3.2.12 The Netherlands
13.3.2.12.1 Netherlands Smart Parking Market By Type
13.3.2.12.2 Netherlands Smart Parking Market By Technology
13.3.2.12.3 Netherlands Smart Parking Market By Service
13.3.2.12.4 Netherlands Smart Parking Market By Application
13.3.2.12.5 Netherlands Smart Parking Market By End-User
13.3.2.13 Switzerland
13.3.2.13.1 Switzerland Smart Parking Market By Type
13.3.2.13.2 Switzerland Smart Parking Market By Technology
13.3.2.13.3 Switzerland Smart Parking Market By Service
13.3.2.13.4 Switzerland Smart Parking Market By Application
13.3.2.13.5 Switzerland Smart Parking Market By End-User
13.3.2.14 Austria
13.3.2.14.1 Austria Smart Parking Market By Type
13.3.2.14.2 Austria Smart Parking Market By Technology
13.3.2.14.3 Austria Smart Parking Market By Service
13.3.2.14.4 Austria Smart Parking Market By Application
13.3.2.14.5 Austria Smart Parking Market By End-User
13.3.2.15 Rest of Western Europe
13.3.2.15.1 Rest of Western Europe Smart Parking Market By Type
13.3.2.15.2 Rest of Western Europe Smart Parking Market By Technology
13.3.2.15.3 Rest of Western Europe Smart Parking Market By Service
13.3.2.15.4 Rest of Western Europe Smart Parking Market By Application
13.3.2.15.5 Rest of Western Europe Smart Parking Market By End-User
13.4 Asia-Pacific
13.4.1 Asia Pacific Smart Parking Market By Country
13.4.2 Asia Pacific Smart Parking Market By Type
13.4.3 Asia Pacific Smart Parking Market By Technology
13.4.4 Asia Pacific Smart Parking Market By Service
13.4.5 Asia Pacific Smart Parking Market By Application
13.4.6 Asia Pacific Smart Parking Market By End-User
13.4.7 China
13.4.7.1 China Smart Parking Market By Type
13.4.7.2 China Smart Parking Market By Technology
13.4.7.3 China Smart Parking Market By Service
13.4.7.4 China Smart Parking Market By Application
13.4.7.5 China Smart Parking Market By End-User
13.4.8 India
13.4.8.1 India Smart Parking Market By Type
13.4.8.2 India Smart Parking Market By Technology
13.4.8.3 India Smart Parking Market By Service
13.4.8.4 India Smart Parking Market By Application
13.4.8.5 India Smart Parking Market By End-User
13.4.9 Japan
13.4.9.1 Japan Smart Parking Market By Type
13.4.9.2 Japan Smart Parking Market By Technology
13.4.9.3 Japan Smart Parking Market By Service
13.4.9.4 Japan Smart Parking Market By Application
13.4.9.5 Japan Smart Parking Market By End-User
13.4.10 South Korea
13.4.10.1 South Korea Smart Parking Market By Type
13.4.10.2 South Korea Smart Parking Market By Technology
13.4.10.3 South Korea Smart Parking Market By Service
13.4.10.4 South Korea Smart Parking Market By Application
13.4.10.5 South Korea Smart Parking Market By End-User
13.4.11 Vietnam
13.4.11.1 Vietnam Smart Parking Market By Type
13.4.11.2 Vietnam Smart Parking Market By Technology
13.4.11.3 Vietnam Smart Parking Market By Service
13.4.11.4 Vietnam Smart Parking Market By Application
13.4.11.5 Vietnam Smart Parking Market By End-User
13.4.12 Singapore
13.4.12.1 Singapore Smart Parking Market By Type
13.4.12.2 Singapore Smart Parking Market By Technology
13.4.12.3 Singapore Smart Parking Market By Service
13.4.12.4 Singapore Smart Parking Market By Application
13.4.12.5 Singapore Smart Parking Market By End-User
13.4.13 Australia
13.4.13.1 Australia Smart Parking Market By Type
13.4.13.2 Australia Smart Parking Market By Technology
13.4.13.3 Australia Smart Parking Market By Service
13.4.13.4 Australia Smart Parking Market By Application
13.4.13.5 Australia Smart Parking Market By End-User
13.4.14 Rest of Asia-Pacific
13.4.14.1 APAC Smart Parking Market By Type
13.4.14.2 APAC Smart Parking Market By Technology
13.4.14.3 APAC Smart Parking Market By Service
13.4.14.4 APAC Smart Parking Market By Application
13.4.14.5 APAC Smart Parking Market By End-User
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 Middle East Smart Parking Market By country
13.5.1.2 Middle East Smart Parking Market By Type
13.5.1.3 Middle East Smart Parking Market By Technology
13.5.1.4 Middle East Smart Parking Market By Service
13.5.1.5 Middle East Smart Parking Market By Application
13.5.1.6 Middle East Smart Parking Market By End-User
13.5.1.7 UAE
13.5.1.7.1 UAE Smart Parking Market By Type
13.5.1.7.2 UAE Smart Parking Market By Technology
13.5.1.7.3 UAE Smart Parking Market By Service
13.5.1.7.4 UAE Smart Parking Market By Application
13.5.1.7.5 UAE Smart Parking Market By End-User
13.5.1.8 Egypt
13.5.1.8.1 Egypt Smart Parking Market By Type
13.5.1.8.2 Egypt Smart Parking Market By Technology
13.5.1.8.3 Egypt Smart Parking Market By Service
13.5.1.8.4 Egypt Smart Parking Market By Application
13.5.1.8.5 Egypt Smart Parking Market By End-User
13.5.1.9 Saudi Arabia
13.5.1.9.1 Saudi Arabia Smart Parking Market By Type
13.5.1.9.2 Saudi Arabia Smart Parking Market By Technology
13.5.1.9.3 Saudi Arabia Smart Parking Market By Service
13.5.1.9.4 Saudi Arabia Smart Parking Market By Application
13.5.1.9.5 Saudi Arabia Smart Parking Market By End-User
13.5.1.10 Qatar
13.5.1.10.1 Qatar Smart Parking Market By Type
13.5.1.10.2 Qatar Smart Parking Market By Technology
13.5.1.10.3 Qatar Smart Parking Market By Service
13.5.1.10.4 Qatar Smart Parking Market By Application
13.5.1.10.5 Qatar Smart Parking Market By End-User
13.5.1.11 Rest of Middle East
13.5.1.11.1 Rest of Middle East Smart Parking Market By Type
13.5.1.11.2 Rest of Middle East Smart Parking Market By Technology
13.5.1.11.3 Rest of Middle East Smart Parking Market By Service
13.5.1.11.4 Rest of Middle East Smart Parking Market By Application
13.5.1.11.5 Rest of Middle East Smart Parking Market By End-User
13.5.2 Africa
13.5.2.1 Africa Smart Parking Market By Country
13.5.2.2 Africa Smart Parking Market By Type
13.5.2.3 Africa Smart Parking Market By Technology
13.5.2.4 Africa Smart Parking Market By Service
13.5.2.5 Africa Smart Parking Market By Application
13.5.2.6 Africa Smart Parking Market By End-User
13.5.2.7 Nigeria
13.5.2.7.1 Nigeria Smart Parking Market By Type
13.5.2.7.2 Nigeria Smart Parking Market By Technology
13.5.2.7.3 Nigeria Smart Parking Market By Service
13.5.2.7.4 Nigeria Smart Parking Market By Application
13.5.2.7.5 Nigeria Smart Parking Market By End-User
13.5.2.8 South Africa
13.5.2.8.1 South Africa Smart Parking Market By Type
13.5.2.8.2 South Africa Smart Parking Market By Technology
13.5.2.8.3 South Africa Smart Parking Market By Service
13.5.2.8.4 South Africa Smart Parking Market By Application
13.5.2.8.5 South Africa Smart Parking Market By End-User
13.5.2.9 Rest of Africa
13.5.2.9.1 Rest of Africa Smart Parking Market By Type
13.5.2.9.2 Rest of Africa Smart Parking Market By Technology
13.5.2.9.3 Rest of Africa Smart Parking Market By Service
13.5.2.9.4 Rest of Africa Smart Parking Market By Application
13.5.2.9.5 Rest of Africa Smart Parking Market By End-User
13.6 Latin America
13.6.1 Latin America Smart Parking Market By Country
13.6.2 Latin America Smart Parking Market By Type
13.6.3 Latin America Smart Parking Market By Technology
13.6.4 Latin America Smart Parking Market By Service
13.6.5 Latin America Smart Parking Market By Application
13.6.6 Latin America Smart Parking Market By End-User
13.6.7 Brazil
13.6.7.1 Brazil Smart Parking Market By Type
13.6.7.2 Brazil Africa Smart Parking Market By Technology
13.6.7.3Brazil Smart Parking Market By Service
13.6.7.4 Brazil Smart Parking Market By Application
13.6.7.5 Brazil Smart Parking Market By End-User
13.6.8 Argentina
13.6.8.1 Argentina Smart Parking Market By Type
13.6.8.2 Argentina Smart Parking Market By Technology
13.6.8.3 Argentina Smart Parking Market By Service
13.6.8.4 Argentina Smart Parking Market By Application
13.6.8.5 Argentina Smart Parking Market By End-User
13.6.9 Colombia
13.6.9.1 Colombia Smart Parking Market By Type
13.6.9.2 Colombia Smart Parking Market By Technology
13.6.9.3 Colombia Smart Parking Market By Service
13.6.9.4 Colombia Smart Parking Market By Application
13.6.9.5 Colombia Smart Parking Market By End-User
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Smart Parking Market By Type
13.6.10.2 Rest of Latin America Smart Parking Market By Technology
13.6.10.3 Rest of Latin America Smart Parking Market By Service
13.6.10.4 Rest of Latin America Smart Parking Market By Application
13.6.10.5 Rest of Latin America Smart Parking Market By End-User
14 Company Profile
14.1 Continental AG.
14.1.1 Company Overview
14.1.2 Financials
14.1.3 Product/Services/Offerings
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Dongyang Menics Co., Ltd.
14.2.1 Company Overview
14.2.2 Financials
14.2.3 Product/Services/Offerings
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 IEM SA.
14.3.1 Company Overview
14.3.2 Financials
14.3.3 Product/Services/Offerings
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 IPS Group Inc.
14.4.1 Company Overview
14.4.2 Financials
14.4.3 Product/Services/Offerings
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Klaus Multiparking Systems.
14.5.1 Company Overview
14.5.2 Financials
14.5.3 Product/Services/Offerings
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Robert Bosch GmbH.
14.6.1 Company Overview
14.6.2 Financials
14.6.3 Product/Services/Offerings
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Smart Parking Limited.
14.7.1 Company Overview
14.7.2 Financials
14.7.3 Product/Services/Offerings
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Flowbird.
14.8.1 Company Overview
14.8.2 Financials
14.8.3 Product/Services/Offerings
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 SKIDATA AG.
14.9.1 Company Overview
14.9.2 Financials
14.9.3 Product/Services/Offerings
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Amano McGann, Inc.
14.10.1 Company Overview
14.10.2 Financials
14.10.3 Product/Services/Offerings
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. USE Cases and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Enterprise Networking Market is anticipated to increase at a CAGR of 5.9% from 2024 to 2031, from a value of USD 200.5 Billion in 2023 to USD 317.2 Billion in 2031.
The Online Banking Market Size was worth at USD 18.94 billion in 2022 and is expected to increase at a CAGR of 12.1% from 2023 to 2030, reaching USD 47.24 billion by 2030.
The Workspace as a Service (WaaS) Market size was valued at USD 7.43 billion in 2022. It is expected to hit USD 25.24 billion by 2030 and grow at a CAGR of 16.52% over the forecast period of 2023-2030.
The Email Marketing Software Market size was valued at USD 1.29 billion in 2022 and is expected to grow to USD 3.10 billion by 2030 and grow at a CAGR of 11.6 % over the forecast period of 2023-2030.
The Mixed Reality Market size was valued at USD 1.8 billion in 2023 and is expected to reach USD 20.71 Billion by 2031 and grow at a CAGR of 34.9% over the forecast period 2024-2031.
The Lease Management Market size was USD 4.5 billion in 2022 and is expected to Reach USD 7.2 billion by 2030 with a growing CAGR of 6.1% over the forecast period of 2023-2030.
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