SMART PARKING SYSTEMS MARKET SIZE:
The Smart Parking Systems Market Size was valued at USD 7.80 Billion in 2023 and is expected to reach USD 45.40 Billion by 2032 and grow at a CAGR of 21.73% over the forecast period 2024-2032.
Smart Parking Systems Market is emerging at a very fast pace due to increased urbanization, the requirement of effective parking management, and governmental initiative for reduction of traffic congestion and emissions. It includes efficiency in the use of available parking space through technologies such as IoT, sensor networks, and AI in the optimization of the available parking space, minimal idle time and also provides real-time information for the drivers. Governments, from the United States to countries in Europe, have engaged in policies of adopting smart parking solutions. In the United States, the Smart City Challenge and the efforts of the Department of Energy (DOE) focus on intelligent parking systems as a means of solving traffic problems in urban areas. Europe is not behind in seeking smart mobility solutions, and the UK, France, and Germany have placed smart parking as their number one priority in their urban development projects.
Technological innovations in parking guidance systems, automated payment solutions, and data analytics drive market growth. Recent innovations include contactless payment systems, license plate recognition, and EV charging within parking structures. Integrating autonomous vehicles with smart parking solutions will unlock vast opportunities in the future, especially in the USA and China, where government and private sectors will align to enhance the urban mobility infrastructure. European countries are also among others very keen on promoting sustainable and smart mobility solutions, such as parking technologies, through initiatives like Horizon 2020.
MARKET DYNAMICS
KEY DRIVERS:
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Urbanization and increasing motor vehicle ownership lead to increased demands for parking.
As cities expand, cities are experiencing increased population densities, leading to increased ownership of vehicles and a demand for parking space. As urban areas get constrained for space, this leads to a scarcity of parking, causing congestion as well as wasted time spent on looking for parking. In Japan, an initiative by the Society 5.0 has presented a tremendous leverage toward their expected incorporation of smart parking systems into wider solutions of urban mobility, in preparing for an aging population and growing urbanization.
It is in such a scenario that a smart parking system addresses the need for optimal solutions in parking through real-time and automated systems for efficient management of parking spaces. Data reveals that over 30% of the traffic in major cities in the U.S. is attributed to drivers seeking parking space. This points to the need for more advanced systems in managing parking.
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Environmental concerns push demand for efficient parking systems.
Governments and cities from all over the world have started to become increasingly aware of the need for reduced emissions and sustainability. The inability to effectively use parking means that most cars end up idling for long periods, hence resulting in increased CO2 in the atmosphere. Smart parking cuts down on idle time, enables faster locating of empty slots by drivers, and provides installation facilities for electric car charging. The Department of Energy in the United States is currently working on trying to achieve sustainability by encouraging smart parking systems as a constituent of sustainable mobility that will make use of environmental efficiency.
RESTRAINTS
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High initial investment restricts the large-scale adoption.
Although smart parking systems create long-run operational economies and efficiencies, high initial capital investment towards infrastructure development, hardware, and the deployment of software continues to act as a notable restraint to small and medium cities. Smart parking technology is based on IoT sensors, advanced data analytics platforms, mobile applications, and AI integration that attracts significant initial financial commitments. Also, the maintenance and upgradation of these systems through the aid of more advanced technology also incurs a cost. For instance, in the United States, though big cities like New York and San Francisco already have smart parking, the smaller cities do not have a budget for such a facility, and therefore, the overall market cannot expand.
KEY MARKET SEGMENTS
BY SOFTWARE
The smart parking systems market has been segmented based on software, into Parking Guidance Systems and Analytics Solutions.
In 2023, Parking Guidance Systems took a 72% market share of the market. Such systems are essential in metropolitan cities and assist drivers in finding empty slots quickly by providing real-time guidance, thereby reducing traffic congestion as well as idle time to a very great extent. Metropolitan cities like Los Angeles and New York already have these systems on a massive scale.
Meanwhile, Analytics Solutions is growing the fastest at a CAGR of 22.61% from 2024 to 2032. Analytics solutions help parking operators manage their lots better by gathering data about their parking habits, times of peak demand, and space utilization, thus facilitating better resource allocation and more informed decisions.
BY SERVICE
Apart from service, the market has further division based on segment into Consulting Service, Engineering Service, and Mobile App Parking Service.
In 2023, market share for the service type of engineering service dominated at 58%. Smart parking system design and implementation have a crucial sense because the full train of operation from installation of IoT sensors to the production of software platforms gets engineered in order to knit with the physical structure.
The Mobile App Parking Service is expected to grow at a CAGR of 23.47 % in the forecast period. Because smartphones and apps have become increasingly popular, the mobile parking service has gained much popularity, as users reserve and make payments as well as find parking spots through their phones, thereby becoming far more convenient and improving the user experience.
BY APPLICATION
Commercial, Government, and Transport Transit are the categories that the market for smart parking systems has been divided.
In 2023, commercial accounted for 40% of the market share. Commercial places like parking lots, shopping malls, and business hubs are implementing smart parking systems to optimize their area by improving user experience while cutting down on operational costs.
The Government segment is expected to rise at the fastest CAGR of 23.40%. Governments are investing in smart parking systems for the solution of traffic congestion and emissions in the urban areas as part of their broader smart city initiatives.
REGIONAL ANALYSIS
At present, North America is the foremost region in the smart parking systems market, occupying a 31% market share, due to factors such as high urbanization and government initiatives for the development of smart cities, coupled with increased adaptation of connected vehicle technologies. San Francisco and Chicago are adapting these systems the most. Asia Pacific is expected to grow at the fastest CAGR of 22.72% during the period from 2024 to 2032, driven by the increase in urbanization and government moves in countries like China and India to develop smart cities and intelligent transportation systems.
KEY PLAYERS
Some of the major players in the Smart Parking Systems Market are
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Robert Bosch GmbH (IoT parking solutions, valet parking systems)
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Amano Corporation (parking management systems, ticketing solutions)
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Siemens AG (smart parking sensors, integrated parking platforms)
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Cisco Systems, Inc. (IoT connectivity, parking infrastructure)
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Nedap N.V. (parking access control, real-time monitoring)
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Parkeon S.A.S (parking kiosks, payment solutions)
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Kapsch TrafficCom AG (parking guidance systems, tolling solutions)
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Smart Parking Ltd (vehicle detection sensors, cloud parking services)
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Parkmobile LLC (mobile parking app, payment solutions)
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Parkmobile LLC (parking access control, ticketing systems)
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Xerox Corporation (smart parking analytics, enforcement solutions)
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Cubic Corporation (parking payment systems, traffic management)
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TransCore, LP (smart parking management, RFID-based parking systems)
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SWARCO AG (traffic management, parking guidance solutions)
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T2 Systems, Inc. (parking management software, mobile solutions)
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Passport Inc. (mobile parking payments, enforcement)
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Flowbird Group (parking meters, payment solutions)
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Q-Free ASA (smart parking, tolling solutions)
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Meter Feeder, Inc. (smart parking enforcement, mobile solutions)
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FlashParking, Inc. (cloud-based parking management, EV charging integration)
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Kapsch TrafficCom
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Detroit Smart Parking Lab (DSPL)
RECENT DEVELOPMENTS
May 2024: With the opening of the Detroit Smart Parking Lab (DSPL), companies of any size are now learning how to plan for the future. A partnership – involving Ford; Robert Bosch, the world's largest supplier of automotive parts; the Michigan Economic Development Corp. (MEDC); the American Center for Mobility, which was formed as a proving ground for self-driving vehicles; and Bedrock, the Detroit real estate firm that has a stake in downtown property and is supporting the parking lab.
September 2024: Kapsch TrafficCom informed that it had won the prestigious Road Finance Excellence Award conferred by the International Road Federation, related to its Bulgarian "Nationwide Tolling & E-Vignette System". This prize represents an expression of recognition for innovative design and perfect implementation, as well as further, positive effects of the applied GNSS-based tolling system on the transportation infrastructure of the country.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 7.80 Billion |
| Market Size by 2032 | US$ 45.40 Billion |
| CAGR | CAGR of 21.73% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Hardware (Pucks, Cameras & LPRs, Smart Meters, Signage, Parking Gates) •By Software (Parking Guidance System, Analytics Solutions) •By Service (Consulting Service, Engineering Service, Mobile App Parking Service) • By Type (On-street, Off-street (Garage Parking, Lot Parking)) • By Application (Commercial, Government, Transport Transit) |
| 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 | Robert Bosch GmbH, Amano Corporation, Siemens AG, Cisco Systems, Inc., Nedap N.V., Parkeon S.A.S, Kapsch TrafficCom AG, Smart Parking Ltd, Parkmobile LLC, SKIDATA AG, Xerox Corporation, Cubic Corporation, TransCore, LP, SWARCO AG, T2 Systems, Inc., Passport Inc., Flowbird Group, Q-Free ASA, Meter Feeder, Inc., FlashParking, Inc. |
| Key Drivers | • Urbanization and increasing motor vehicle ownership lead to increased demands for parking. • Environmental concerns push demand for efficient parking systems. |
| Restraints | • High initial investment restricts the large-scale adoption. |
Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Vehicle Production and Sales Volumes, 2020-2032, by Region
5.2 Emission Standards Compliance, by Region
5.3 Vehicle Technology Adoption, by Region
5.4 Consumer Preferences, by Region
5.5 Aftermarket Trends (Data on vehicle maintenance, parts, and services)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Smart Parking Systems Market Segmentation, By Hardware
7.1 Chapter Overview
7.2 Pucks
7.2.1 Pucks Market Trends Analysis (2020-2032)
7.2.2 Pucks Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Cameras & LPRs
7.3.1 Cameras & LPRs Market Trends Analysis (2020-2032)
7.3.2 Cameras & LPRs Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Smart Meters
7.4.1 Smart Meters Market Trends Analysis (2020-2032)
7.4.2 Smart Meters Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Signage
7.5.1 Signage Market Trends Analysis (2020-2032)
7.5.2 Signage Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Parking Gates
7.6.1 Parking Gates Market Trends Analysis (2020-2032)
7.6.2 Parking Gates Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Smart Parking Systems Market Segmentation, By Software
8.1 Chapter Overview
8.2 Parking Guidance System
8.2.1 Parking Guidance System Market Trends Analysis (2020-2032)
8.2.2 Parking Guidance System Market Size Estimates And Forecasts To 2032 (USD Billion)
8.3 Analytics Solutions
8.3.1 Analytics Solutions Market Trends Analysis (2020-2032)
8.3.2 Analytics Solutions Market Size Estimates And Forecasts To 2032 (USD Billion)
9. Smart Parking Systems Market Segmentation, By Service
9.1 Chapter Overview
9.2 Consulting Service
9.2.1 Consulting Service Market Trends Analysis (2020-2032)
9.2.2 Consulting Service Market Size Estimates And Forecasts To 2032 (USD Billion)
9.3 Engineering Service
9.3.1 Engineering Service Market Trends Analysis (2020-2032)
9.3.2 Engineering Service Market Size Estimates And Forecasts To 2032 (USD Billion)
9.4 Mobile App Parking Service
9.4.1 Mobile App Parking Service Market Trends Analysis (2020-2032)
9.4.2 Mobile App Parking Service Market Size Estimates And Forecasts To 2032 (USD Billion)
10. Smart Parking Systems Market Segmentation, By Type
10.1 Chapter Overview
10.2 On-street
10.2.1 On-street Market Trends Analysis (2020-2032)
10.2.2 On-street Market Size Estimates And Forecasts To 2032 (USD Billion)
10.3 Off-street
10.3.1 Off-street Market Trends Analysis (2020-2032)
10.3.2 Off-street Market Size Estimates And Forecasts To 2032 (USD Billion)
10.3.3 Garage Parking
10.3.3.1 Garage Parking Market Trends Analysis (2020-2032)
10.3.3.2 Garage Parking Market Size Estimates And Forecasts To 2032 (USD Billion)
10.3.4 Lot Parking
10.3.4.1 Lot Parking Market Trends Analysis (2020-2032)
10.3.4.2 Lot Parking Market Size Estimates And Forecasts To 2032 (USD Billion)
11. Smart Parking Systems Market Segmentation, By Application
11.1 Chapter Overview
11.2 Commercial
11.2.1 Commercial Market Trends Analysis (2020-2032)
11.2.2 Commercial Market Size Estimates And Forecasts To 2032 (USD Billion)
11.3 Government
11.3.1 Government Market Trends Analysis (2020-2032)
11.3.2 Government Market Size Estimates And Forecasts To 2032 (USD Billion)
11.4 Transport Transit
11.4.1 Transport Transit Market Trends Analysis (2020-2032)
11.4.2 Transport Transit Market Size Estimates And Forecasts To 2032 (USD Billion)
12. Regional Analysis
12.1 Chapter Overview
12.2 North America
12.2.1 Trends Analysis
12.2.2 North America Smart Parking Systems Market Estimates And Forecasts, By Country (2020-2032) (USD Billion)
12.2.3 North America Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.2.4 North America Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.2.5 North America Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.2.6 North America Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.2.7 North America Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.2.8 USA
12.2.8.1 USA Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.2.8.2 USA Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.2.8.3 USA Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.2.8.4 USA Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.2.8.5 USA Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.2.9 Canada
12.2.9.1 Canada Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.2.9.2 Canada Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.2.9.3 Canada Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.2.9.4 Canada Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.2.9.5 Canada Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.2.10 Mexico
12.2.10.1 Mexico Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.2.10.2 Mexico Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.2.10.3 Mexico Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.2.10.4 Mexico Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.2.10.5 Mexico Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Trends Analysis
12.3.1.2 Eastern Europe Smart Parking Systems Market Estimates And Forecasts, By Country (2020-2032) (USD Billion)
12.3.1.3 Eastern Europe Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.1.4 Eastern Europe Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.1.5 Eastern Europe Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.1.6 Eastern Europe Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.1.7 Eastern Europe Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.1.8 Poland
12.3.1.8.1 Poland Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.1.8.2 Poland Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.1.8.3 Poland Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.1.8.4 Poland Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.1.8.5 Poland Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.1.9 Romania
12.3.1.9.1 Romania Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.1.9.2 Romania Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.1.9.3 Romania Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.1.9.4 Romania Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.1.9.5 Romania Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.1.10 Hungary
12.3.1.10.1 Hungary Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.1.10.2 Hungary Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.1.10.3 Hungary Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.1.10.4 Hungary Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.1.10.5 Hungary Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.1.11 Turkey
12.3.1.11.1 Turkey Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.1.11.2 Turkey Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.1.11.3 Turkey Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.1.11.4 Turkey Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.1.11.5 Turkey Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.1.12 Rest Of Eastern Europe
12.3.1.12.1 Rest Of Eastern Europe Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.1.12.2 Rest Of Eastern Europe Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.1.12.3 Rest Of Eastern Europe Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.1.12.4 Rest Of Eastern Europe Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.1.12.5 Rest Of Eastern Europe Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.2 Western Europe
12.3.2.1 Trends Analysis
12.3.2.2 Western Europe Smart Parking Systems Market Estimates And Forecasts, By Country (2020-2032) (USD Billion)
12.3.2.3 Western Europe Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.2.4 Western Europe Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.2.5 Western Europe Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.2.6 Western Europe Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.2.7 Western Europe Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.2.8 Germany
12.3.2.8.1 Germany Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.2.8.2 Germany Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.2.8.3 Germany Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.2.8.4 Germany Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.2.8.5 Germany Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.2.9 France
12.3.2.9.1 France Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.2.9.2 France Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.2.9.3 France Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.2.9.4 France Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.2.9.5 France Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.2.10 UK
12.3.2.10.1 UK Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.2.10.2 UK Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.2.10.3 UK Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.2.10.4 UK Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.2.10.5 UK Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.2.11 Italy
12.3.2.11.1 Italy Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.2.11.2 Italy Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.2.11.3 Italy Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.2.11.4 Italy Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.2.11.5 Italy Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.2.12 Spain
12.3.2.12.1 Spain Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.2.12.2 Spain Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.2.12.3 Spain Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.2.12.4 Spain Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.2.12.5 Spain Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.2.13 Netherlands
12.3.2.13.1 Netherlands Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.2.13.2 Netherlands Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.2.13.3 Netherlands Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.2.13.4 Netherlands Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.2.13.5 Netherlands Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.2.14 Switzerland
12.3.2.14.1 Switzerland Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.2.14.2 Switzerland Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.2.14.3 Switzerland Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.2.14.4 Switzerland Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.2.12.5 Switzerland Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.2.15 Austria
12.3.2.15.1 Austria Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.2.15.2 Austria Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.2.15.3 Austria Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.2.15.4 Austria Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.2.15.5 Austria Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.3.2.16 Rest Of Western Europe
12.3.2.16.1 Rest Of Western Europe Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.3.2.16.2 Rest Of Western Europe Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.3.2.16.3 Rest Of Western Europe Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.3.2.16.4 Rest Of Western Europe Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.3.2.16.5 Rest Of Western Europe Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.4 Asia Pacific
12.4.1 Trends Analysis
12.4.2 Asia Pacific Smart Parking Systems Market Estimates And Forecasts, By Country (2020-2032) (USD Billion)
12.4.3 Asia Pacific Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.4.4 Asia Pacific Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.4.5 Asia Pacific Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.4.6 Asia Pacific Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.4.7 Asia Pacific Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.4.8 China
12.4.8.1 China Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.4.8.2 China Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.4.8.3 China Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.4.8.4 China Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.4.8.5 China Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.4.9 India
12.4.9.1 India Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.4.9.2 India Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.4.9.3 India Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.4.9.4 India Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.4.9.5 India Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.4.10 Japan
12.4.10.1 Japan Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.4.10.2 Japan Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.4.10.3 Japan Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.4.10.4 Japan Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.4.10.5 Japan Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.4.11 South Korea
12.4.11.1 South Korea Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.4.11.2 South Korea Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.4.11.3 South Korea Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.4.11.4 South Korea Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.4.11.5 South Korea Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.4.12 Vietnam
12.4.12.1 Vietnam Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.4.12.2 Vietnam Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.4.12.3 Vietnam Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.4.12.4 Vietnam Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.4.12.5 Vietnam Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.4.13 Singapore
12.4.13.1 Singapore Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.4.13.2 Singapore Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.4.13.3 Singapore Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.4.13.4 Singapore Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.4.13.5 Singapore Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.4.14 Australia
12.4.14.1 Australia Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.4.14.2 Australia Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.4.14.3 Australia Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.4.14.4 Australia Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.4.14.5 Australia Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.4.15 Rest Of Asia Pacific
12.4.15.1 Rest Of Asia Pacific Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.4.15.2 Rest Of Asia Pacific Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.4.15.3 Rest Of Asia Pacific Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.4.15.4 Rest Of Asia Pacific Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.4.15.5 Rest Of Asia Pacific Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.5 Middle East And Africa
12.5.1 Middle East
12.5.1.1 Trends Analysis
12.5.1.2 Middle East Smart Parking Systems Market Estimates And Forecasts, By Country (2020-2032) (USD Billion)
12.5.1.3 Middle East Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.5.1.4 Middle East Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.5.1.5 Middle East Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.5.1.6 Middle East Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.5.1.7 Middle East Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.5.1.8 UAE
12.5.1.8.1 UAE Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.5.1.8.2 UAE Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.5.1.8.3 UAE Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.5.1.8.4 UAE Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.5.1.8.5 UAE Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.5.1.9 Egypt
12.5.1.9.1 Egypt Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.5.1.9.2 Egypt Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.5.1.9.3 Egypt Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.5.1.9.4 Egypt Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.5.1.9.5 Egypt Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.5.1.10 Saudi Arabia
12.5.1.10.1 Saudi Arabia Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.5.1.10.2 Saudi Arabia Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.5.1.10.3 Saudi Arabia Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.5.1.10.4 Saudi Arabia Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.5.1.10.5 Saudi Arabia Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.5.1.11 Qatar
12.5.1.11.1 Qatar Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.5.1.11.2 Qatar Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.5.1.11.3 Qatar Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.5.1.11.4 Qatar Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.5.1.11.5 Qatar Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.5.1.12 Rest Of Middle East
12.5.1.12.1 Rest Of Middle East Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.5.1.12.2 Rest Of Middle East Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.5.1.12.3 Rest Of Middle East Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.5.1.12.4 Rest Of Middle East Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.5.1.12.5 Rest Of Middle East Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.5.2 Africa
12.5.2.1 Trends Analysis
12.5.2.2 Africa Smart Parking Systems Market Estimates And Forecasts, By Country (2020-2032) (USD Billion)
12.5.2.3 Africa Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.5.2.4 Africa Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.5.2.5 Africa Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.5.2.6 Africa Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.5.2.7 Africa Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.5.2.8 South Africa
12.5.2.8.1 South Africa Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.5.2.8.2 South Africa Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.5.2.8.3 South Africa Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.5.2.8.4 South Africa Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.5.2.8.5 South Africa Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.5.2.9 Nigeria
12.5.2.9.1 Nigeria Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.5.2.9.2 Nigeria Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.5.2.9.3 Nigeria Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.5.2.9.4 Nigeria Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.5.2.9.5 Nigeria Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.5.2.10 Rest Of Africa
12.5.2.10.1 Rest Of Africa Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.5.2.10.2 Rest Of Africa Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.5.2.10.3 Rest Of Africa Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.5.2.10.4 Rest Of Africa Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.5.2.10.5 Rest Of Africa Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.6 Latin America
12.6.1 Trends Analysis
12.6.2 Latin America Smart Parking Systems Market Estimates And Forecasts, By Country (2020-2032) (USD Billion)
12.6.3 Latin America Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.6.4 Latin America Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.6.5 Latin America Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.6.6 Latin America Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.6.7 Latin America Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.6.8 Brazil
12.6.8.1 Brazil Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.6.8.2 Brazil Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.6.8.3 Brazil Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.6.8.4 Brazil Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.6.8.5 Brazil Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.6.9 Argentina
12.6.9.1 Argentina Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.6.9.2 Argentina Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.6.9.3 Argentina Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.6.9.4 Argentina Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.6.9.5 Argentina Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.6.10 Colombia
12.6.10.1 Colombia Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.6.10.2 Colombia Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.6.10.3 Colombia Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.6.10.4 Colombia Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.6.10.5 Colombia Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
12.6.11 Rest Of Latin America
12.6.11.1 Rest Of Latin America Smart Parking Systems Market Estimates And Forecasts, By Hardware (2020-2032) (USD Billion)
12.6.11.2 Rest Of Latin America Smart Parking Systems Market Estimates And Forecasts, By Software (2020-2032) (USD Billion)
12.6.11.3 Rest Of Latin America Smart Parking Systems Market Estimates And Forecasts, By Service (2020-2032) (USD Billion)
12.6.11.4 Rest Of Latin America Smart Parking Systems Market Estimates And Forecasts, By Type (2020-2032) (USD Billion)
12.6.11.5 Rest Of Latin America Smart Parking Systems Market Estimates And Forecasts, By Application (2020-2032) (USD Billion)
13. Company Profiles
13.1 Robert Bosch GmbH
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.2 Amano Corporation.
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.3 Siemens AG
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.4 Cisco Systems, Inc
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.5 Nedap N.V.
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.6 Parkeon S.A.S
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.7 Kapsch TrafficCom AG
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.8 Smart Parking Ltd
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.9 Parkmobile LLC
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.10 Parkmobile LLC
13.12.1 Company Overview
13.12.2 Financial
13.12.3 Products/ Services Offered
13.12.4 SWOT Analysis
14. Use Cases and Best Practices
15. Conclusion
MARKET SEGMENTATION
BY HARDWARE
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Pucks
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Cameras & LPRs
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Smart Meters
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Signage
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Parking Gates
BY SOFTWARE
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Parking Guidance System
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Analytics Solutions
BY SERVICE
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Consulting Service
-
Engineering Service
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Mobile App Parking Service
BY TYPE
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On-street
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Off-street
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Garage Parking
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Lot Parking
-
BY APPLICATION
-
Commercial
-
Government
-
Transport Transit
Request for Segment Customization as per your Business Requirement: Segment Customization Request
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 the Middle East
-
-
Africa
-
Nigeria
-
South Africa
-
Rest of Africa
-
Latin America
-
Brazil
-
Argentina
-
Colombia
-
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
-
Product Analysis
-
Criss-Cross segment analysis (e.g. Product X Application)
-
Product Matrix which gives a detailed comparison of product portfolio of each company
-
Geographic Analysis
-
Additional countries in any of the regions
-
Company Information
-
Detailed analysis and profiling of additional market players (Up to five)
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.
