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Global Smart Parking Market Size will Reach $22.29 Billion by 2030, Growing by 16.9% Annually Over 2020-2030

Smart Parking Market

Smart Parking is a parking system that helps you find the space closest to your destination, while monitoring the traffic status and neverifies you when it will be less busy. It’s easy-to-use and reliable, whether you’re on the go or at home. Smart Parking has been solving the street parking problem around the world. Smart Parking unlocks in-demand parking spaces by connecting you to a growing network of available locations and business partners

Highlighted with 87 tables and 102 figures, this 184-page report “Global Smart Parking Market 2020-2030 by Component (Hardware, Software, Service), System (Guided, Smart), Parking Type (Off-street, On-street), Solution, Technology (Ultrasonic, Image, Radar, RFID, IoT), Vehicle Type, End User (Commercial, Government, Residential), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global smart parking market and all its sub-segments through extensively detailed classifications.

Smart Parking Market – Overview. The Smart Parking market has been divided into five segments: Automatic Parking, Catching Detection, Non-Automatic Parking, Unmanned Parking and Other. Automatic Parking segment is projected to grow at the fastest rate over the forecast period.

Global smart parking market will reach $22.29 billion by 2030, growing by 16.9% annually over 2020-2030, driven by the limited pace for smooth flow of traffic due to increasing traffic congestion, rising need for efficient land utilization and proper parking management, and technological advancements in digital and IoT based technology.

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The Smart Parking market is a competitive and dynamic business. This market is characterized by high competition, new technologies with design and applications for the location of parking lots, benefits for consumers and businesses in terms of solving customer problems.

Smart Parking is a market vertical that gathers all the companies which have to do with parking. The main product are parking solutions, which include solutions for time management, remote control and an extensive range of products and modules.

Based on Component, the global Smart Parking Market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Hardware
o Pucks/Wireless Sensors
o Cameras and LPRs
o Smart Meters
o Signages
o Parking Gates
o Other Hardware
• Software
o Parking Guidance System
o Analytics Solutions
• Service
o Consulting Service
o Engineering Service
o Mobile App Parking Service

Based on System, the global Smart Parking Market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Guided Parking Assist System
• Smart Parking Assist System

Based on Parking Type, the global Smart Parking Market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Off-street Parking
• On-street Parking

Based on Solution, the global Smart Parking Market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Security & Surveillance
• Smart Payment Systems
• Parking Reservation & Valet Parking
• License Plate Recognition

By Technology, the global Smart Parking Market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Ultrasonic Sensors
• Image Sensors
• Radar Sensors
• Radio Frequency Identification (RFID)
• Internet of Things (IoT)
• Other Technologies

By Vehicle Type, the global Smart Parking Market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Commercial Sector
• Government & Public Sector
• Residential Sector

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Key Players (this may not be a complete list and extra companies can be added upon request):

Amano McGann, Inc.
BMW AG (ParkNow GmbH, Parkmobile LLC)
CivicSmart, Inc.
Continental AG
Dongyang Menics Co., Ltd.
IEM SA
IPS Group Inc.
Klaus Multiparking Systems
ParkMe Inc.
Robert Bosch GmbH
Siemens AG
Smart Parking Limited
Swarco AG
TKH Group-Park Assist.
Urbiotica, S.L.

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Parking Type, Solution, and Technology over the forecast years are also included.