Global Smart Parking Market Report 2022: A Market Valued at $11.87 Billion by 2027 – Focus on Security and Surveillance, Smart Payment Systems, E-Parking, and License Plate Recognition – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–The report “Global Smart Parking Market (2022-2027) by Type, Technology, Application, End-User, Hardware, Service, Software Outlook and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” has been released added to ResearchAndMarkets.com Offer.

The global smart parking market is valued at US$7.03 billion in 2022 and is projected to reach US$11.87 billion by 2027, growing at a CAGR of 11.05%.

Market dynamics are forces affecting the prices and behavior of the global Smart Parking market players. These forces create price signals resulting from the changes in the supply and demand curves for a particular product or service. Market dynamics forces can be related to macroeconomic and microeconomic factors. There are other dynamic market forces than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals.

As market dynamics affect the supply and demand curves, decision makers are trying to figure out the best way to deploy different financial tools to curb different strategies to accelerate growth and reduce risks.

company profiles

The report provides a detailed analysis of the competitors in the market. It encompasses the financial performance analysis for the publicly traded companies in the market. The report also offers detailed information on the recent development and the competitive scenario of the companies.

Some of the companies covered in this report are Aisin Seiki, Altiux Innovations, Amano McGann Inc., BMW Group, CivicSmart, Inc., Continental AG, Cubic Corporation, Daimler AG, Flowbird, Giken Limited, Gtechna, Kapsch TrafficCom, etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool used to analyze and rank companies’ position based on their industry position score and market performance score. The tool uses various factors to classify players into four categories.

Some of these factors considered for the analysis are financial performance over the past 3 years, growth strategies, innovation assessment, new product launches, investments, market share growth, etc.

Ansoff analysis

The report provides detailed Ansoff matrix analysis for the global smart parking market. The Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to develop strategies for business growth.

The matrix can be used to evaluate approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is ​​also used for risk analysis to understand the risk associated with each approach.

The analyst analyzes the global smart parking market using the Ansoff matrix to provide the best approaches a company can take to improve its market position.

market segmentation

  • The global smart parking market is segmented by type, technology, application, end-user, hardware, service, software outlook, and geography.

  • Type, the market is divided into off-street and on-street.

  • Technology, the market is divided into Internet of Things (IoT), Ultrasonic and RFID.

  • By application, the market is categorized into security and surveillance, intelligent payment systems, e-parking and license plate recognition.

  • End users, the market is categorized into commercial, government and transportation transit.

  • Hardware, the market is segmented into Pucks, Cameras and LPRs, Smart Meters, Signage and Parking Gates.

  • Service, the market is segmented into Consulting Services, Engineering Services and Mobile App Parking Services.

  • Software Outlook, the market is segmented into parking guidance system and analytics solution.

market dynamics

driver

  • Increasing urbanization and space problems

  • Growing demand for private vehicles

  • Increasing adoption of IoT in parking

limitations

  • High investment and maintenance costs

occasions

  • Advances in smart parking technology

  • Development of smart cities

challenges

  • Low availability of the support infrastructure

  • Complex technology and shortage of skilled workers

company profiles

  • Aisin Seiki

  • Altiux Innovations

  • Amano McGann Inc.

  • BMW group

  • CivicSmart, Inc.

  • Continental AG

  • cubic society

  • Daimler AG

  • Flowbird

  • Giken Limited

  • Gtechna

  • Kapsch Traffic Com

  • Meter Feeder, Inc.

  • Mindteck

  • City Park Services, Inc.

  • Nedap NV

  • parking assistant

  • ParkHelp Technologies

  • ParkJockey

  • ParkMe Inc.

  • Robert Bosch GMBH

  • Siemens AG

  • smart parking ltd

  • Valeo S.A

  • Volkswagen AG

For more information about this report, visit https://www.researchandmarkets.com/r/cersth



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