Global Smart Parking Market Will Grow At A CAGR Of 13.7% During The Period 2016-2020

Albany, NY, 6 JAN : 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

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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.

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

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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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This release was published on openPR.