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(CityRegions.Com, January 08, 2017 ) About Smart Parking
Smart parking is a vehicle parking system that helps drivers find a parking space at minimal cost. It consists of sensors, apps, Smart Parking meters, and mobile phone automated payment systems that allow drivers to reserve parking in advance and pay by credit card or cash.
Technavios analysts forecast the smart parking market in Western Europe to grow at a CAGR of 13.7% during the period 2016-2020.
Covered : The report covers the present scenario and the growth prospects of the smart parking market in Western Europe for 2016-2020. The report has taken into consideration the sales of smart parking systems, solutions, and sensors.
Segments based on type of parking space: Off-street parking On-street parking
Technavio's report, Smart Parking Market in Western Europe 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors IPS Group, Inc. Libelium Comunicaciones Distribuidas S. L Parkeon Streetline (Kapsch TrafficCom) TransCore, LP
Other prominent vendors 3M Aeris Communications Cisco Systems Deutsche Telekom Gemalto HCL IBM Jasper Technologies MSR-Traffic Nedap Mobility Solutions Orange Business Services Oti (PARX) ParkHelp ParkMe (INRIX) Parkmobile Parkopedia Q-Park Q-Park Serco Siemens Sierra Wireless SKIDATA Smart Parking Swarco Synapt (Prodapt Solutions) T2 Systems Telensa TeliaSonera Urbiotica Vodafone World Sensing Xerox
Key driver Increased adoption of smart parking sensors For a full, detailed list, view our report
Key challenge Concerns related to security and network integration For a full, detailed list, view our report
Key trend Dynamic pricing for parking For a full, detailed list, view our report
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