Smart Parking Solution Market
Smart Parking Solution Market Study by Access Control, Parking Fee & Revenue Collection, Parking Reservation Management, Valet Parking Management, and Others from 2024 to 2034
Analysis of Smart Parking Solution Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Smart Parking Solution Market Outlook (2024 to 2034)
Expanding at a CAGR of 20%, the global smart parking solution market size is set to jump from US$ 6.3 billion in 2024 to US$ 39.2 billion by 2034-end, as assessed by Fact.MR and revealed in its updated market report.
Smart parking is a safe parking solution for conscientious drivers. The sign or symbol reveals the available parking spot on the lot by using embedded software and sensors. Because of proper vehicle management, the driver is well acquainted with the unoccupied space. Smart parking provides drivers with real-time information about the availability of nearby parking spaces, allowing them to reserve a spot without having to wait.
Rapidly rising demand for smart parking solutions can be attributed to the worsening traffic congestion problems across the developed as well as high-potential economies. Global population growth is contributing to the increasing number of vehicle owners, causing constraints on the availability of adequate parking space. Moreover, the ever-increasing trend of automating cities is leading to growing reliance on various categories of smart parking solutions, including smart meters, guidance systems, analytics solutions, and engineering services.
Increasing adoption of integrated automated solutions, as well as advancements in wireless and digital payment technologies, are set to boost the global smart parking solution market growth during the forecast period. Among the technologies used to implement effective solutions are machine-to-machine (M2M) communication, data analytics, advanced infrared sensors, smart parking meters, and mobile applications for slot reservations and online payments.
- North America is projected to hold 24.3% of the global smart parking solution market share by 2034.
| Report Attributes | Details |
|---|---|
| Smart Parking Solution Market Size (2024E) | US$ 6.3 Billion |
| Forecasted Market Value (2034F) | US$ 39.2 Billion |
| Global Market Growth Rate (2024 to 2034) | 20% CAGR |
| South Korea Market Value (2034F) | US$ 2.1 Billion |
| Japan Market Value (2024E) | US$ 400 Million |
| Smart Parking System Device Demand Growth (2024 to 2034) | 20.4% CAGR |
| Key Companies Profiled |
|
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Why are Smart Parking Technologies Gaining Rapid Traction?
“Rising Population and Congestion Driving Demand for Intelligent Traffic Management Systems”
As the global population increases, the rate of urbanization is expected to rise. Consequently, there would be surge in the ownership of automobiles, which may lead to a growing need for adequate parking space.
- According to the UN Department of Economic and Social Affairs (UN DESA), approximately 68% of the global population will reside in urban areas by 2050.
Automotive manufacturers are thus looking to ease the ever-increasing burden of global traffic by deploying Internet of Things (IoT) enabled smart parking solutions. Innovations in ubiquitous computing coupled with the developments in cloud platforms are opening up new opportunities for smart parking solutions manufacturers to venture into. The rising popularity of data-driven operations and the benefits associated with it are causing a surge in the adoption of smart parking software around the world.
“Smart City Initiatives Driving Installation of Advanced Parking Management Systems”
Smart city projects offer sustainability in addition to enhanced performance. With the transformation of a city into a smart city, authorities around the world can provide better security, transport, and traffic management, waste management, and energy efficiency, and can improve the lifestyle of the population comprehensively. In addition to these benefits, smart cities can contribute to the welfare of the environment and allow for the stabilization of global temperatures.
Growing environmental concerns, traffic congestion, and population growth are driving respective governments across the globe to look towards the development of smart cities which would effectively improve the quality of life while aiding authorities in saving resources. These factors are attracting heavy investments in smart technologies and are also fueling the demand for smart parking solutions on a global scale.
“Sophistication-driven Technological Advancements Enhancing Features of Smart Parking Systems”
Increasing penetration of wireless networking systems, Internet of Things (IoT), and cloud-based services are some of the latest smart parking solutions market trends. For instance, easy accessibility to affordable GPS, cloud software, smartphones, and smart sensors is resulting in the development of sophisticated systems that aid drivers in detecting the nearest empty parking spot in real-time.
The emergence of cashless transactions and e-payment facilities is further paving the way for new opportunities for smart parking solution companies to explore. Moreover, developments in artificial intelligence (AI) and machine learning (ML) are aiding companies in making ground-breaking discoveries in the field.
What is Preventing Widespread Adoption of Smart Parking Solutions?
“Lack of Awareness and High Costs of Smart Parking Technologies”
Lack of awareness is the major factor hampering the adoption of smart parking solutions. Furthermore, due to electromagnetic interference RFID-tag equipped smart parking solutions are facing hindrance in signals, which results in vehicle’s faulty detection. Also, high costs associated with the installation of smart parking solutions may lower their adoption in budget-constrained economies.
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Start-up Ecosystem
Continuous innovations in the smart parking technologies are set to aid end users in crowded city spaces in finding the nearest open parking spot. Parking-spot occupancy data and space-monitoring parking sensors are some of the latest technologies.
- A German start-up Cleverciti Systems provides a sensor solution that collects real time information of available and occupied parking spaces. Each sensor covers 30 spots and gets updated every 3 seconds.
Cashless transactions are a more convenient mode of payment and are gaining traction in the field of smart parking solution.
- A Belgium start-up Smart Parking offers a smart parking payment technology that support over 250 global payment method in just one click.
Country-wise Analysis
North American countries are set to offer ample opportunities for smart parking providers during the forecast period. The North American market is projected to reach US$ 9.5 billion by 2034.
What is Sales Outlook for Smart Parking Solutions in the United States?
“Heavy Traffic Congestion in Metropolises Pushing Deployment of Smart Parking Technologies”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 700 Million |
| Growth Rate (2024 to 2034) | 20.5% CAGR |
| Projected Value (2034F) | US$ 4.3 Billion |
Smart parking solution sales in the United States are driven by the presence of a thriving automotive industry, rising automotive sensor demand, and increasing infrastructure development investments. Furthermore, the presence of various technology companies, supportive government policies, and financial support for start-ups in the form of subsidies is expected to make the United States a profitable market for smart parking solution providers.
Heavy traffic issues in cities such as New York, Los Angeles, and others, as well as a growing level of awareness about modern solutions for traffic control and parking is driving the growth of the smart parking solution market in the United States.
Why is China a Huge Market for Smart Parking Solution Providers?
“Growing Need for Existing Parking Infrastructure Development Spurring Smart Parking Solution Sales”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 700 Million |
| Growth Rate (2024 to 2034) | 20% CAGR |
| Projected Value (2034F) | US$ 4.3 Billion |
In China, smart parking lots are mostly built by renovating existing ones and adding solutions and devices such as license plate recognition, and geomagnetic devices, which are used to collect data and information for single parking lots, build parking management platforms, and more.
What’s Driving Sales of Smart Parking Technologies in Germany?
“Smart City Initiatives Driving Deployment of Advanced Parking Services”
Ongoing industrial activities, technological advancements, and growing demand for parking system improvements are boosting market growth in Germany. Demand for parking sensors in Germany is set to rise as more parking management solutions are being implemented to ease traffic congestion issues in German cities. Furthermore, the growing number of vehicles on the road, combined with government initiatives such as smart cities, is expected to boost the demand for improved traffic and parking management solutions in Germany over the next decade.
Continental AG, Robert Bosch GmbH, Delphi Automotive PLC, Siemens AG, and Cubic Corporation are some of the leading companies operating in Germany.
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Category-wise Analysis
According to Fact.MR, a market research and competitive intelligence provider, smart parking software is anticipated to hold 56% of the global market share by 2034.
Which Component is Widely Adopted by End Users?
“Smart Parking Software Offering Real Time Data Accessibility”
| Attribute | Smart Parking Software |
|---|---|
| Segment Value (2024E) | US$ 3.8 Billion |
| Growth Rate (2024 to 2034) | 19.2% CAGR |
| Projected Value (2034F) | US$ 22 Billion |
Software plays a vital role in enhancing the functionality of smart parking solutions. Software solutions analyses the data collected from hardware devices such as cameras and sensors. Mobile software are widely gaining popularity as they offers access to real time data, cashless transactions, and personalized parking experience.
How Fast are Sales of Parking Guidance and Slot Management Solutions Increasing?
“Parking Guidance and Slot Management Solutions Making Parking Easy for Drivers”
| Attribute | Parking Guidance and Slot Management Solutions |
|---|---|
| Segment Value (2024E) | US$ 1.8 Billion |
| Growth Rate (2024 to 2034) | 19.1% CAGR |
| Projected Value (2034F) | US$ 10.2 Billion |
Parking guidance and slot management solutions aid in managing a single or multiple parking slots from one central system. It gathers real time information using sensors, cameras, and other data sources. These solutions also aid in reducing the labour costs and manual procedures.
Competitive Landscape
Key players in the smart parking solution industry are employing strategies such as collaborations, partnerships, mergers, acquisitions, and global market expansion to increase their market reach and product offerings. These tactics also enhances their profit shares.
- In June 2023, Park+ and Google Cloud collaborated to offer novel smart parking systems.
Key Segments of Smart Parking Solution Market Research
-
By System Component & Service :
- Smart Parking Software
- Smart Parking System Devices
- Smart Parking Professional Services
-
By Solution :
- Access Control Solutions
- Parking Fee & Revenue Collection Solutions
- Parking Reservation Management Solutions
- Valet Parking Management Solutions
- Parking Guidance and Slot Management Solutions
- Others
-
By End Use :
- Government & Municipalities
- Airports
- Corporate & Commercial Parks
- Commercial Institutions
- Healthcare
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
1. Executive Summary 1.1. Summary of Key Findings 1.2. FMR Research Analyzed 1.3. Global Market - Wheel of Fortune 1.4. Global Market – Mega Trends 1.5. Global – Opportunity Assessment 2. Industry Outlook and Technology Integration 2.1. Global Parking Solutions Market Outlook 2.1.1. Market size and growth projections 2.1.2. Addressable opportunity in coming years 2.1.3. Key demand clusters 2.1.4. Strategy evaluation of key market actors 2.2. Technology Integration 2.2.1. Software Integration for creating intelligent solutions and enabling new possibilities 2.2.2. Parking technologies and description 2.2.3. Different technologies used by companies 3. Risk & Opportunities 3.1. Opportunities 3.1.1. Intrinsic 3.1.1.1. Technology enhancements 3.1.1.2. Expertise in product development 3.1.2. Extrinsic 3.1.2.1. Partnerships with technology providers 3.1.2.2. Digitization in emerging country 3.1.2.3. Acquisitions of new start-ups 3.1.2.4. Untapped industry, country, region 3.2. Risks 3.2.1. Pertaining to regulatory framework and approvals 3.2.2. Related to the diversified need of end-user application 3.2.3. Threat of alternative 3.2.4. Technology up-gradation 4. Market tendencies and Latest Buzz 4.1. Product Oriented 4.1.1. Uniqueness in portfolio 4.1.2. Leverage advancements for appealing products 4.1.3. Regional Variance in preference 4.1.4. Transformed product 4.2. Business Oriented 4.2.1. Anchoring potential markets 4.2.2. Enhancement via technical encroachment 4.2.3. Efficiency optimization 4.2.4. Channel mix and strategies 5. Product Launch Track & Trends 5.1. Key Product Launches in last three years 5.2. Product launch frequency 5.3. Type of launches 5.4. Regions and countries in focus 6. Market Introduction 6.1. Global Market Definition 6.2. Market Breakdown 7. Associated Indicators Assessment 7.1. Market Dynamics 7.1.1. Growth Drivers and Impact Analysis 7.1.2. Prominent Market Challenges and Impact Analysis 7.1.3. Value Chain Analysis Along with Operating Margins 7.2. Smart City Market Analysis, by Region 7.3. Traffic Management Market Outlook 7.4. End Use Vertical Analysis 7.5. Automotive Sales Outlook, by Region 7.6. Vehicle Parc (Fleet on Road) Outlook, Region 7.7. Market Analysis – Investment Feasibility Index 7.8. Market – PESTLE Analysis 7.9. Market – Porter’s Five Forces Analysis 7.10. Market – Market Positioning Assessment by Regions 7.11. Market Analysis – Forecast Scenario 7.11.1. Market Analysis – Forecast Factors 8. Global Market- Pricing Analysis 8.1. Price Point Assessment by Region/Country 8.2. Factors Influencing Pricing 9. Global Market Analysis 2018-2023 and Forecast 2024-2034 9.1. Global Market Outlook 9.1.1. Market Value (US$ Mn) Forecast and Analysis 9.1.2. Region Demand Assessment 9.2. Global Market Analysis 2018-2023 and Forecast 2024-2034 by System Component & Services 9.2.1. Parking Software 9.2.1.1. On-Premise 9.2.1.2. Cloud Based 9.2.2. System Devices 9.2.2.1. Entry/Exit Terminals 9.2.2.2. Card Readers 9.2.2.3. Validation Solution 9.2.2.4. Pay-on-Foot Station 9.2.2.5. LPR System 9.2.2.6. Others 9.2.3. Professional Services 9.2.3.1. Consulting 9.2.3.2. Deployment and Customization 9.2.3.3. Maintenance and Support 9.2.4. Market Value Share and BPS Analysis by System Component & Services 9.2.5. Y-o-Y Growth Projections by System Component & Services 9.2.6. Absolute $ Opportunity by System Component & Services 9.3. Global Market Analysis 2018-2023 and Forecast 2024-2034 by Solutions 9.3.1. Access Control 9.3.2. Parking Fee and Revenue 9.3.3. Parking Reservation Management 9.3.4. Valet Parking Management 9.3.5. Parking Guidance and Slot Management 9.3.6. Others 9.3.7. Market Value Share and BPS Analysis by Solutions 9.3.8. Y-o-Y Growth Projections by Solutions 9.3.9. Absolute $ Opportunity by Solutions 9.3.10. Market Attractiveness Assessment by Solutions 9.4. Global Market Analysis 2018-2023 and Forecast 2024-2034 by End Use 9.4.1. Government and Municipalities 9.4.2. Airports 9.4.3. Corporate and Commercial Parks 9.4.4. Commercial Institutions 9.4.5. Healthcare 9.4.6. Others 9.4.7. Market Value Share and BPS Analysis by End Use 9.4.8. Y-o-Y Growth Projections by End Use 9.4.9. Absolute $ Opportunity by End Use 9.5. Global Market Analysis 2018-2023 and Forecast 2024-2034 by Region 9.5.1. North America 9.5.2. Latin America 9.5.3. Europe 9.5.4. CIS & Russia 9.5.5. Japan 9.5.6. APEJ 9.5.7. MEA 9.5.8. Market Value Share and BPS Analysis by Region 9.5.9. Y-o-Y Growth Projections by Region 9.5.10. Absolute $ Opportunity by Region 9.5.11. Market Attractiveness Assessment by Region 10. North America Market Analysis 2018-2023 and Forecast 2024-2034 10.1. Introduction 10.2. North America Market Analysis 2018-2023 and Forecast 2024-2034 by Country 10.2.1. US 10.2.2. Canada 10.2.3. Market Value Share and BPS Analysis by Country 10.2.4. Y-o-Y Growth Projections by Country 10.2.5. Absolute $ Opportunity by Country 10.2.6. Market Attractiveness Assessment by Country 10.3. North America Market Value (US$ Mn) by System Component & Services 10.3.1. Market Value Share and BPS Analysis by System Component & Services 10.3.2. Y-o-Y Growth Projections by System Component & Services 10.3.3. Market Attractiveness Assessment by System Component & Services 10.4. North America Market Value (US$ Mn) by Solutions 10.4.1. Market Value Share and BPS Analysis by Solutions 10.4.2. Y-o-Y Growth Projections by Solutions 10.4.3. Market Attractiveness Assessment by Solutions 10.5. North America Market Value (US$ Mn) by End Use 10.5.1. Marked Value Share and BPS Analysis by End Use 10.5.2. Y-o-Y Growth Projections by End Use 10.5.3. Market Attractiveness Assessment by End Use 11. Latin America Market Analysis 2018-2023 and Forecast 2024-2034 11.1. Introduction 11.2. Latin America Market Analysis 2018-2023 and Forecast 2024-2034 by Country 11.2.1. Brazil 11.2.2. Mexico 11.2.3. Argentina 11.2.4. Chile 11.2.5. Peru 11.2.6. Rest of Latin America 11.2.7. Market Value Share and BPS Analysis by Country 11.2.8. Y-o-Y Growth Projections by Country 11.2.9. Absolute $ Opportunity by Country 11.2.10. Market Attractiveness Assessment by Country 11.3. Latin America Market Value (US$ Mn) by System Component & Services 11.3.1. Market Value Share and BPS Analysis by System Component & Services 11.3.2. Y-o-Y Growth Projections by System Component & Services 11.3.3. Market Attractiveness Assessment by System Component & Services 11.4. Latin America Market Value (US$ Mn) by Solutions 11.4.1. Marked Value Share and BPS Analysis by Solutions 11.4.2. Y-o-Y Growth Projections by Solutions 11.4.3. Market Attractiveness Assessment by Solutions 11.5. Latin America Market Value (US$ Mn) by End Use 11.5.1. Market Value Share and BPS Analysis by End Use 11.5.2. Y-o-Y Growth Projections by End Use 11.5.3. Market Attractiveness Assessment by End Use 12. Europe Market Analysis 2018-2023 and Forecast 2024-2034 12.1. Introduction 12.2. Europe Market Analysis 2018-2023 and Forecast 2024-2034 by Country 12.2.1. Germany 12.2.2. France 12.2.3. Spain 12.2.4. Italy 12.2.5. UK 12.2.6. BENELUX 12.2.7. NORDIC 12.2.8. Rest of Europe 12.2.9. Market Value Share and BPS Analysis by Country 12.2.10. Y-o-Y Growth Projections by Country 12.2.11. Absolute $ Opportunity by Country 12.2.12. Market Attractiveness Assessment by Country 12.3. Europe Market Value (US$ Mn) by System Component & Services 12.3.1. Market Value Share and BPS Analysis by System Component & Services 12.3.2. Y-o-Y Growth Projections by System Component & Services 12.3.3. Market Attractiveness Assessment by System Component & Services 12.4. Europe Market Value (US$ Mn) by Solutions 12.4.1. Market Value Share and BPS Analysis by Solutions 12.4.2. Y-o-Y Growth Projections by Solutions 12.4.3. Market Attractiveness Assessment by Solutions 12.5. Europe Market Value (US$ Mn) by End Use 12.5.1. Market Value Share and BPS Analysis by End Use 12.5.2. Y-o-Y Growth Projections by End Use 12.5.3. Market Attractiveness Assessment by End Use 13. CIS & Russia Market Analysis 2018-2023 and Forecast 2024-2034 13.1. Introduction 13.2. CIS & Russia Market Value (US$ Mn) by System Component & Services 13.2.1. Market Value Share and BPS Analysis by System Component & Services 13.2.2. Y-o-Y Growth Projections by System Component & Services 13.2.3. Market Attractiveness Assessment by System Component & Services 13.3. CIS & Russia Market Value (US$ Mn) by Solutions 13.3.1. Market Value Share and BPS Analysis by Solutions 13.3.2. Y-o-Y Growth Projections by Solutions 13.3.3. Market Attractiveness Assessment by Solutions 13.4. CIS & Russia Market Value (US$ Mn) by End Use 13.4.1. Market Value Share and BPS Analysis by End Use 13.4.2. Y-o-Y Growth Projections by End Use 13.4.3. Market Attractiveness Assessment by End Use 14. Japan Market Analysis 2018-2023 and Forecast 2024-2034 14.1. Introduction 14.2. Japan Market Value (US$ Mn) by System Component & Services 14.2.1. Market Value Share and BPS Analysis by System Component & Services 14.2.2. Y-o-Y Growth Projections by System Component & Services 14.2.3. Market Attractiveness Assessment by System Component & Services 14.3. Japan Market Value (US$ Mn) by Solutions 14.3.1. Market Value Share and BPS Analysis by Solutions 14.3.2. Y-o-Y Growth Projections by Solutions 14.3.3. Market Attractiveness Assessment by Solutions 14.4. Japan Market Value (US$ Mn) by End Use 14.4.1. Market Value Share and BPS Analysis by End Use 14.4.2. Y-o-Y Growth Projections by End Use 14.4.3. Market Attractiveness Assessment by End Use 15. APEJ Market Analysis 2018-2023 and Forecast 2024-2034 15.1. Introduction 15.2. APEJ Market Analysis 2018-2023 and Forecast 2024-2034 by Country 15.2.1. China 15.2.2. India 15.2.3. Australia & New Zealand 15.2.4. South Korea 15.2.5. Rest of APEJ 15.2.6. Market Value Share and BPS Analysis by Country 15.2.7. Y-o-Y Growth Projections by Country 15.2.8. Absolute $ Opportunity by Country 15.2.9. Market Attractiveness Assessment by Country 15.3. APEJ Market Value (US$ Mn) by System Component & Services 15.3.1. Market Value Share and BPS Analysis by System Component & Services 15.3.2. Y-o-Y Growth Projections by System Component & Services 15.3.3. Market Attractiveness Assessment by System Component & Services 15.4. APEJ Market Value (US$ Mn) by Solutions 15.4.1. Market Value Share and BPS Analysis by Solutions 15.4.2. Y-o-Y Growth Projections by Solutions 15.4.3. Market Attractiveness Assessment by Solutions 15.5. APEJ Market Value (US$ Mn) by End Use 15.5.1. Market Value Share and BPS Analysis by End Use 15.5.2. Y-o-Y Growth Projections by End Use 15.5.3. Market Attractiveness Assessment by End Use 16. MEA Market Analysis 2018-2023 and Forecast 2024-2034 16.1. Introduction 16.2. MEA Market Value (US$ Mn) by Country 16.2.1. GCC Countries 16.2.2. South Africa 16.2.3. Turkey 16.2.4. Israel 16.2.5. Rest of MEA 16.2.6. Market Value Share and BPS Analysis by Country 16.2.7. Y-o-Y Growth Projections by Country 16.2.8. Absolute $ Opportunity by Country 16.2.9. Market Attractiveness Assessment by Country 16.3. MEA Market Value (US$ Mn) by System Component & Services 16.3.1. Market Value Share and BPS Analysis by System Component & Services 16.3.2. Y-o-Y Growth Projections by System Component & Services 16.3.3. Market Attractiveness Assessment by System Component & Services 16.4. MEA Market Value (US$ Mn) by Solutions 16.4.1. Market Value Share and BPS Analysis by Solutions 16.4.2. Y-o-Y Growth Projections by Solutions 16.4.3. Market Attractiveness Assessment by Solutions 16.5. MEA Market Value (US$ Mn) by End Use 16.5.1. Market Value Share and BPS Analysis by End Use 16.5.2. Y-o-Y Growth Projections by End Use 16.5.3. Market Attractiveness Assessment by End Use 17. Competitive Assessment 17.1. Global Market Structure 17.2. Global Market Competition - a Dashboard View 17.3. Global Market Company Share Analysis 17.4. Market Player Competition Footprint Matrix 17.5. Key Participants Market Presence (Intensity Mapping) by Region 18. Company Profiles 18.1. Amano McGann Inc 18.2. Scheidt & Bachmann GmbH 18.3. DESIGNA Verkehrsleittechnik GmbH 18.4. Cubic Corporation 18.5. HUB Parking Technology 18.6. WPS Parking System BV 18.7. SKIDATA AG 18.8. FlowBird Group 18.9. ABM Industries Incorporated 18.10. Kapsch TrafficCom AG 18.11. TIBA Parking 18.12. Kudelski SA 18.13. SWARCO AG 18.14. Other Companies (On additional request) 19. Disclaimer & Contact Information
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List Of Table
TABLE 01: Global Value (US$ Mn) Analysis, By System Component & Services, 2018-2023
TABLE 02: Global Value (US$ Mn) Forecast, By System Component & Services, 2024-2034
TABLE 03: Global Value (US$ Mn) Forecast, By Solution, 2018-2023
TABLE 04: Global Value (US$ Mn) Forecast, By Solution, 2024-2034
TABLE 05: Global Value (US$ Mn) Forecast, By End Use, 2018-2023
TABLE 06: Global Value (US$ Mn) Forecast, By End Use, 2024-2034
TABLE 07: Global Value (US$ Mn) Forecast, By Region, 2018-2023
TABLE 08: Global Value (US$ Mn) Forecast, By Region, 2024-2034
TABLE 09: North America Value (US$ Mn) Analysis, By Countries, 2018-2023
TABLE 10: North America Value (US$ Mn) Forecast, By Countries, 2024-2034
TABLE 11: North America Value (US$ Mn) Analysis, By System Component & Services, 2018-2023
TABLE 12: North America Parking Solutions Value (US$ Mn) Forecast, By System Component & Services, 2024-2034
TABLE 13: North America Value (US$ Mn) Forecast, By Solution, 2018-2023
TABLE 14: North America Value (US$ Mn) Forecast, By Solution, 2024-2034
TABLE 15: North America Value (US$ Mn) Forecast, By End Use, 2018-2023
TABLE 16: North America Value (US$ Mn) Forecast, By End Use, 2024-2034
TABLE 17: Latin America Value (US$ Mn) Forecast, By Country, 2024-2034
TABLE 18: Latin America Value (US$ Mn) Forecast, By Country, 2024-2034
TABLE 19: Latin America Value (US$ Mn) Analysis, By System Component & Services, 2018-2023
TABLE 20: Latin America Value (US$ Mn) Forecast, By System Component & Services, 2024-2034
TABLE 21: Latin America Value (US$ Mn) Forecast, By Solution, 2018-2023
TABLE 22: Latin America Value (US$ Mn) Forecast, By Solution, 2024-2034
TABLE 23: Latin America Value (US$ Mn) Forecast, By End Use, 2018-2023
TABLE 24: Latin America Value (US$ Mn) Forecast, By End Use, 2024-2034
TABLE 25: Europe Value (US$ Mn) Forecast, By Country, 2018-2023
TABLE 26: Europe Value (US$ Mn) Forecast, By Country, 2024-2034
TABLE 27: Europe Value (US$ Mn) Analysis, By System Component & Services, 2018-2023
TABLE 28: Europe Value (US$ Mn) Forecast, By System Component & Services, 2024-2034
TABLE 29: Europe Value (US$ Mn) Forecast, By Solution, 2018-2023
TABLE 30: Europe Value (US$ Mn) Forecast, By Solution, 2024-2034
TABLE 31: Europe Value (US$ Mn) Forecast, By End Use, 2018-2023
TABLE 32: Europe Value (US$ Mn) Forecast, By End Use, 2024-2034
TABLE 33: CIS & Russia Value (US$ Mn) Analysis, By System Component & Services, 2018-2023
TABLE 34: CIS & Russia Value (US$ Mn) Forecast, By System Component & Services, 2024-2034
TABLE 35: CIS & Russia Value (US$ Mn) Forecast, By Solution, 2018-2023
TABLE 36: CIS & Russia Value (US$ Mn) Forecast, By Solution, 2024-2034
TABLE 37: CIS & Russia Value (US$ Mn) Forecast, By End Use, 2018-2023
TABLE 38: CIS & Russia Value (US$ Mn) Forecast, By End Use, 2024-2034
TABLE 39: Japan Value (US$ Mn) Analysis, By System Component & Services, 2018-2023
TABLE 40: Japan Value (US$ Mn) Forecast, By System Component & Services, 2024-2034
TABLE 41: Japan Value (US$ Mn) Forecast, By Solution, 2018-2023
TABLE 42: Japan Value (US$ Mn) Forecast, By Solution, 2024-2034
TABLE 43: Japan Value (US$ Mn) Forecast, By End Use, 2018-2023
TABLE 44: Japan Value (US$ Mn) Forecast, By End Use, 2024-2034
TABLE 45: APEJ Value (US$ Mn) Forecast, By Country, 2018-2023
TABLE 46: APEJ Value (US$ Mn) Forecast, By Country, 2024-2034
TABLE 47: APEJ Value (US$ Mn) Analysis, By System Component & Services, 2018-2023
TABLE 48: APEJ Value (US$ Mn) Forecast, By System Component & Services, 2024-2034
TABLE 49: APEJ Value (US$ Mn) Forecast, By Solution, 2018-2023
TABLE 50: APEJ Value (US$ Mn) Forecast, By Solution, 2024-2034
TABLE 51: APEJ Value (US$ Mn) Forecast, By End Use, 2018-2023
TABLE 52: APEJ Value (US$ Mn) Forecast, By End Use, 2024-2034
TABLE 53: MEA Value (US$ Mn) Forecast, By Country, 2018-2023
TABLE 54: MEA Value (US$ Mn) Forecast, By Country, 2024-2034
TABLE 55: MEA Value (US$ Mn) Analysis, By System Component & Services, 2018-2023
TABLE 56: MEA Value (US$ Mn) Forecast, By System Component & Services, 2024-2034
TABLE 57: MEA Value (US$ Mn) Forecast, By Solution, 2018-2023
TABLE 58: MEA Value (US$ Mn) Forecast, By Solution, 2024-2034
TABLE 59: MEA Value (US$ Mn) Forecast, By End Use, 2018-2023
TABLE 60: MEA Value (US$ Mn) Forecast, By End Use, 2024-2034
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List Of Figures
FIG. 01: Global Market Value (US$ Mn), 2018-2034
FIG. 02: Global Market Value Forecast (US$ Mn) & Y-o-Y Growth, 2018-2034
FIG. 03: Global Market Absolute $ Opportunity, 2018-2034
FIG. 04: Global Market Share and BPS Analysis by System Component & Services– 2018, 2024 & 2034
FIG. 05: Global Market Y-o-Y Growth Projections by System Component & Services, 2018-2034
FIG. 06: Global Market Share and BPS Analysis by Parking Software– 2018, 2024 & 2034
FIG. 07: Global Market Share and BPS Analysis by System Devices– 2018, 2024 & 2034
FIG. 08: Global Market Share and BPS Analysis by Professional Services– 2018, 2024 & 2034
FIG. 09: Global Professional Services Market Opportunity Index, 2024-2034
FIG. 10: Global Parking Software Market Opportunity Index, 2024-2034
FIG. 11: Global System Devices Market Opportunity Index, 2024-2034
FIG. 12: Global Market Attractiveness Index by System Component & Services , 2024-2034
FIG. 13: Global Market Share and BPS Analysis by Solutions – 2018, 2024 & 2034
FIG. 14: Global Market Y-o-Y Growth Projections by Solutions - 2018-2034
FIG. 15: Global Access Control Market Opportunity Index, 2024-2034
FIG. 16: Global Parking Fee and Revenue Market Opportunity Index, 2024-2034
FIG. 17: Global Parking Reservation Management Market Opportunity Index, 2024-2034
FIG. 18: Global Valet Parking Management Market Opportunity Index, 2024-2034
FIG. 19: Global Parking Guidance & Slot Management Market Opportunity Index, 2024-2034
FIG. 20: Global Other solutions Market Opportunity Index, 2024-2034
FIG. 21: Global Market Attractiveness Index by Solution, 2024-2034
FIG. 22: Global Market Share and BPS Analysis by End Use– 2018, 2024 & 2034
FIG. 23: Global Market Y-o-Y Growth Projections by End Use - 2018-2034
FIG. 24: Global Government and Municipalities Market Opportunity Index, 2024-2034
FIG. 25: Global Airport Market Opportunity Index, 2024-2034
FIG. 26: Global Corporate and Commercial Parks Market Opportunity Index, 2024-2034
FIG. 27: Global Commercial Institutions Market Opportunity Index, 2024-2034
FIG. 28: Global Healthcare Market Opportunity Index, 2024-2034
FIG. 29: Global Other end uses Market Opportunity Index, 2024-2034
FIG. 30: Global Market Attractiveness Index by End Use, 2024-2034
FIG. 31: Global Market Share and BPS Analysis by Region – 2018, 2024 & 2034
FIG. 32: Global Market Y-o-Y Growth Projections by Region - 2018-2034
FIG. 33: North America Market Opportunity Index, 2024-2034
FIG. 34: Latin America Market Opportunity Index, 2024-2034
FIG. 35: Europe Market Opportunity Index, 2024-2034
FIG. 36: CIS & Russia Market Opportunity Index, 2024-2034
FIG. 37: Japan Market Opportunity Index, 2024-2034
FIG. 38: APEJ Market Opportunity Index, 2024-2034
FIG. 39: MEA Market Opportunity Index, 2024-2034
FIG. 40: Global Market Attractiveness Index by Region, 2024-2034
FIG. 41: North America Market Value (US$ Mn), 2018-2034
FIG. 42: North America Market Value Forecast (US$ Mn) & Y-o-Y Growth, 2018-2034
FIG. 43: North America mart Parking Solutions Market Absolute $ Opportunity, 2018-2034
FIG. 44: North America Market Share and BPS Analysis by Country– 2018, 2024 & 2034
FIG. 45: North America Market Y-o-Y Growth Projections by Country- 2018-2034
FIG. 46: US Market Opportunity Index, 2024-2034
FIG. 47: Canada Market Opportunity Index, 2024-2034
FIG. 48: North America Market Attractiveness Index by Region, 2024-2034
FIG. 49: North America Market Share and BPS Analysis by System Component & Services– 2018, 2024 & 2034
FIG. 50: North America Market Y-o-Y Growth Projections by System Component & Services, 2018-2034
FIG. 51: North America Market Share and BPS Analysis by Parking Software– 2018, 2024 & 2034
FIG. 52: North America Market Share and BPS Analysis by System Devices– 2018, 2024 & 2034
FIG. 53: North America Market Attractiveness Index by System Component & Services, 2024-2034
FIG. 54: North America Market Share and BPS Analysis by Solutions – 2018, 2024 & 2034
FIG. 55: North America Market Y-o-Y Growth Projections by Solutions - 2018-2034
FIG. 56: North America Market Attractiveness Index by Solution, 2024-2034
FIG. 57: North America Market Share and BPS Analysis by End Use– 2018, 2024 & 2034
FIG. 58: North America Parking Solutions Market Y-o-Y Growth Projections by End Use - 2018-2034
FIG. 59: North America Market Attractiveness Index by End Use, 2024-2034
FIG. 60: Latin America Market Value (US$ Mn), 2018-2034
FIG. 61: Latin America Market Value Forecast (US$ Mn) & Y-o-Y Growth, 2018-2034
FIG. 62: Latin America Market Absolute $ Opportunity, 2018-2034
FIG. 63: Latin America Market Share and BPS Analysis by Country– 2018, 2024 & 2034
FIG. 64: Latin America Market Y-o-Y Growth Projections by Country- 2018-2034
FIG. 65: Brazil Market Opportunity Index, 2024-2034
FIG. 66: Mexico Market Opportunity Index, 2024-2034
FIG. 67: Argentina Market Opportunity Index, 2024-2034
FIG. 68: Chile Market Opportunity Index, 2024-2034
FIG. 69: Peru Market Opportunity Index, 2024-2034
FIG. 70: Rest of LATAM Market Opportunity Index, 2024-2034
FIG. 71: Latin America Market Attractiveness Index by Country, 2024-2034
FIG. 72: Latin America Market Share and BPS Analysis by System Component & Services– 2018, 2024 & 2034
FIG. 73: Latin America Market Y-o-Y Growth Projections by System Component & Services, 2018-2034
FIG. 74: Latin America Market Share and BPS Analysis by Parking Software– 2018, 2024 & 2034
FIG. 75: Latin America Market Share and BPS Analysis by System Devices– 2018, 2024 & 2034
FIG. 76: Latin America Market Attractiveness Index by SCS, 2024-2034
FIG. 77: Latin America Market Share and BPS Analysis by Solutions – 2018, 2024 & 2034
FIG. 78: Latin America Market Y-o-Y Growth Projections by Solutions - 2018-2034
FIG. 79: Latin America Market Attractiveness Index by Solution, 2024-2034
FIG. 80: Latin America Market Share and BPS Analysis by End Use– 2018, 2024 & 2034
FIG. 81: Latin America Parking Solutions Market Y-o-Y Growth Projections by End Use - 2018-2034
FIG. 82: Latin Market Attractiveness Index by End Use, 2024-2034
FIG. 83: Europe Market Value (US$ Mn), 2018-2034
FIG. 84: Europe Market Value Forecast (US$ Mn) & Y-o-Y Growth, 2018-2034
FIG. 85: Europe Market Absolute $ Opportunity, 2018-2034
FIG. 86: Europe Market Share and BPS Analysis by Country– 2018, 2024 & 2034
FIG. 87: Europe Market Y-o-Y Growth Projections by Country- 2018-2034
FIG. 88: Germany Market Opportunity Index, 2024-2034
FIG. 89: France Market Opportunity Index, 2024-2034
FIG. 90: Spain Market Opportunity Index, 2024-2034
FIG. 91: Italy Market Opportunity Index, 2024-2034
FIG. 92: UK Market Opportunity Index, 2024-2034
FIG. 93: Benelux Market Opportunity Index, 2024-2034
FIG. 94: Nordic Market Opportunity Index, 2024-2034
FIG. 95: Rest of Europe Market Opportunity Index, 2024-2034
FIG. 96: Europe Market Attractiveness Index by Region, 2024-2034
FIG. 97: Europe Market Share and BPS Analysis by System Component & Services– 2018, 2024 & 2034
FIG. 98: Europe Market Y-o-Y Growth Projections by System Component & Services, 2018-2034
FIG. 99: Europe Market Share and BPS Analysis by Parking Software– 2018, 2024 & 2034
FIG. 100: Europe Market Share and BPS Analysis by System Devices– 2018, 2024 & 2034
FIG. 101: Europe Market Attractiveness Index by System Component & Services, 2024-2034
FIG. 102: Europe Market Share and BPS Analysis by Solutions – 2018, 2024 & 2034
FIG. 103: Europe Market Y-o-Y Growth Projections by Solutions - 2018-2034
FIG. 104: Europe Market Attractiveness Index by Solution, 2024-2034
FIG. 105: Europe Market Share and BPS Analysis by End Use– 2018, 2024 & 2034
FIG. 106: Europe Parking Solutions Market Y-o-Y Growth Projections by End Use - 2018-2034
FIG. 107: Europe Market Attractiveness Index by End Use, 2024-2034
FIG. 108: CIS & Russia Market Value (US$ Mn), 2018-2034
FIG. 109: CIS & Russia Market Value Forecast (US$ Mn) & Y-o-Y Growth, 2018-2034
FIG. 110: CIS & Russia Market Absolute $ Opportunity, 2018-2034
FIG. 111: CIS & Russia Market Share and BPS Analysis by System Component & Services– 2018, 2024 & 2034
FIG. 112: CIS & Russia Market Y-o-Y Growth Projections by System Component & Services, 2018-2034
FIG. 113: CIS & Russia Market Share and BPS Analysis by Parking Software– 2018, 2024 & 2034
FIG. 114: CIS & Russia Market Share and BPS Analysis by System Devices– 2018, 2024 & 2034
FIG. 115: CIS & Russia Market Attractiveness Index by System Component & Services, 2024-2034
FIG. 116: CIS & Russia Market Share and BPS Analysis by Solutions – 2018, 2024 & 2034
FIG. 117: CIS & Russia Market Y-o-Y Growth Projections by Solutions - 2018-2034
FIG. 118: CIS & Russia Market Attractiveness Index by Solution, 2024-2034
FIG. 119: CIS & Russia Market Share and BPS Analysis by End Use– 2018, 2024 & 2034
FIG. 120: CIS & Russia Parking Solutions Market Y-o-Y Growth Projections by End Use - 2018-2034
FIG. 121: CIS & Russia Market Attractiveness Index by End Use, 2024-2034
FIG. 122: Japan Market Value (US$ Mn), 2018-2034
FIG. 123: Japan Market Value Forecast (US$ Mn) & Y-o-Y Growth, 2018-2034
FIG. 124: Japan Market Absolute $ Opportunity, 2018-2034
FIG. 125: Japan Market Share and BPS Analysis by System Component & Services– 2018, 2024 & 2034
FIG. 126: Japan Market Y-o-Y Growth Projections by System Component & Services, 2018-2034
FIG. 127: Japan Market Share and BPS Analysis by Parking Software– 2018, 2024 & 2034
FIG. 128: Japan Market Share and BPS Analysis by System Devices– 2018, 2024 & 2034
FIG. 129: Japan Market Attractiveness Index by System Component & Services, 2024-2034
FIG. 130: Japan Market Share and BPS Analysis by Solutions – 2018, 2024 & 2034
FIG. 131: Japan Market Y-o-Y Growth Projections by Solutions - 2018-2034
FIG. 132: Japan Market Attractiveness Index by Solution, 2024-2034
FIG. 133: Japan Market Share and BPS Analysis by End Use– 2018, 2024 & 2034
FIG. 134: Japan Parking Solutions Market Y-o-Y Growth Projections by End Use - 2018-2034
FIG. 135: Japan Market Attractiveness Index by End Use, 2024-2034
FIG. 136: APEJ Market Value (US$ Mn), 2018-2034
FIG. 137: APEJ Market Value Forecast (US$ Mn) & Y-o-Y Growth, 2018-2034
FIG. 138: APEJ Market Absolute $ Opportunity, 2018-2034
FIG. 139: APEJ Market Share and BPS Analysis by Country– 2018, 2024 & 2034
FIG. 140: APEJ Market Y-o-Y Growth Projections by Country- 2018-2034
FIG. 141: Australia & New Zealand Market Opportunity Index, 2024-2034
FIG. 142: Greater China Market Opportunity Index, 2024-2034
FIG. 143: India Market Opportunity Index, 2024-2034
FIG. 144: South Korea Market Opportunity Index, 2024-2034
FIG. 145: Rest of APEJ Professional Services Market Opportunity Index, 2024-2034
FIG. 146: APEJ Market Attractiveness Index by Country, 2024-2034
FIG. 147: APEJ Market Share and BPS Analysis by System Component & Services– 2018, 2024 & 2034
FIG. 148: APEJ Market Y-o-Y Growth Projections by System Component & Services, 2018-2034
FIG. 149: APEJ Market Share and BPS Analysis by Parking Software– 2018, 2024 & 2034
FIG. 150: APEJ Market Share and BPS Analysis by System Devices– 2018, 2024 & 2034
FIG. 151: APEJ Market Attractiveness Index by System Component & Services, 2024-2034
FIG. 152: APEJ Market Share and BPS Analysis by Solutions – 2018, 2024 & 2034
FIG. 153: APEJ Market Y-o-Y Growth Projections by Solutions - 2018-2034
FIG. 154: APEJ Market Attractiveness Index by Solution, 2024-2034
FIG. 155: APEJ Market Share and BPS Analysis by End Use– 2018, 2024 & 2034
FIG. 156: APEJ Parking Solutions Market Y-o-Y Growth Projections by End Use - 2018-2034
FIG. 157: APEJ Market Attractiveness Index by End Use, 2024-2034
FIG. 158: MEA Market Value (US$ Mn), 2018-2034
FIG. 159: MEA Market Value Forecast (US$ Mn) & Y-o-Y Growth, 2018-2034
FIG. 160: MEA Market Absolute $ Opportunity, 2018-2034
FIG. 161: MEA Market Share and BPS Analysis by Country– 2018, 2024 & 2034
FIG. 162: MEA Market Y-o-Y Growth Projections by Country- 2018-2034
FIG. 163: GCC Countries Market Opportunity Index, 2024-2034
FIG. 164: South Africa Market Opportunity Index, 2024-2034
FIG. 165: Turkey Market Opportunity Index, 2024-2034
FIG. 166: Rest of MEA Market Opportunity Index, 2024-2034
FIG. 167: MEA Market Attractiveness Index by Country, 2024-2034
FIG. 168: MEA Market Share and BPS Analysis by System Component & Services– 2018, 2024 & 2034
FIG. 169: MEA Market Y-o-Y Growth Projections by System Component & Services, 2018-2034
FIG. 170: MEA Market Share and BPS Analysis by Parking Software– 2018, 2024 & 2034
FIG. 171: MEA Market Share and BPS Analysis by System Devices– 2018, 2024 & 2034
FIG. 172: MEA Market Attractiveness Index by System Component & Services, 2024-2034
FIG. 173: MEA Market Share and BPS Analysis by Solutions – 2018, 2024 & 2034
FIG. 174: MEA Market Y-o-Y Growth Projections by Solutions - 2018-2034
FIG. 175: MEA Market Attractiveness Index by Solution, 2024-2034
FIG. 176: MEA Market Share and BPS Analysis by End Use– 2018, 2024 & 2034
FIG. 177: MEA Parking Solutions Market Y-o-Y Growth Projections by End Use - 2018-2034
FIG. 178: MEA Market Attractiveness Index by End Use, 2024-2034
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- FAQs -
What is the current size of the smart parking solution market?
The global smart parking solution market is calculated at US$ 6.3 billion for 2024.
How big is the forecasted value of the smart parking solution market for 2034?
Sales of smart parking solutions are forecasted to reach US$ 39.2 billion by 2034.
What is the future of smart parking solutions?
Demand for smart parking solutions is projected to rise at a CAGR of 20% from 2024 to 2034.
How are fast sales of smart parking solutions set to rise in South Korea?
The South Korea market is projected to register 20.8% CAGR through 2034.
Which smart parking component and service is widely demanded?
Smart parking software is estimates to hold 60% of the global market share in 2024.
Who are top 3 providers of smart parking solutions?
Amco S.A., Cisco Systems, Inc., and CivicSmart, Inc. are some of the leading companies providing smart parking solutions.
Smart Parking Solution Market