Real-Time Parking System Market Size, Analysis, and
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Research offers 10 year forecast on real time parking system market

Real-Time Parking System Market Size, Analysis, and

Forecast Report 2016-2026

November 2016

Report Id : REP-GB-2104

Status : Ongoing

Category : Automotive & Transportation

©2015 Future Market Insights, All Rights Reserved


Research offers 10 year forecast on real time parking system market

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Research offers 10 year forecast on real time parking system market

Research Methodology (1/2)

Systematic Research Approach

1

In-depth secondary research is used to

ascertain overall market size, top

industry players, top products, industry

associations, etc.

Research &

Intelligence

Data

Collection

Data Filter

& Analysis

Actionable

Insights

Business

Solution

Market profiling

2

PMR formulates a detailed discussion

guide to conduct expert and industry

interviews

Identifying key opinion leaders

Questionnaire design

In-depth interviews

Coverage across value chain

Formulating discussion guide

3

A

PMR develops a list of industry players

(manufacturers), distributors, retailers

and industry experts

Primary

Research

Key industry experts

Channel study

Developments

Market dynamics

Products

Conclusions

Developing list of respondents

B

4

PMR conducts interviews with industry

experts, industry players, distributors

and retailers

SOLUTION

Desk

Research

Data collection

Market participants

Key strengths

Product portfolio

Mapping as per value chain

Key focus segments

C

Company

Analysis

Data is validated by triangulation

method, wherein secondary, primary

and PMR analysis contribute to the final

data

5

Data validation

6

Data is scrutinized using MS-Excel to

obtain qualitative and quantitative

insights about the industry

Data analysis

Primary Research#

Secondary Research #

Paid Publications#

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Zoominfo

Salesforce

Avention

Company websites

Company annual

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White papers

Financial reports

Factiva

GBI

Genios

Meltwater

7

PMR delivers industry insights and

information in the required format

(PDF)

Insights

# includes sources of databases

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Research offers 10 year forecast on real time parking system market

Global Real-Time Parking System Market

Proliferating number of vehicle combined with the escalating traffic has led to a serious issue of parking

in urban cities. In the absence of any systematic method or a system, sufficient time and fuel is wasted

over parking. As much as more than twenty five percent of the traffic is contributed by vehicles cruising

for parking. Problems are further exacerbated if there are limited parking spaces and or if they are

available for any particular period of time. Therefore there arises a strong need for real time information

on the availability of parking in a particular region and location. The parking industry has witnessed major

technological metamorphosis, and with the introduction of new technology and systems efficient and

convenient parking operation can be achieved. A real time parking system collects the data either

through cameras or sensors, analyses the input and presents a location to the user either through an

inbuilt device in car or through a mobile application. The utilization of real time parking system by parking

operator and customer is enabling a smoother transition and efficient management of traffic and parking

in a location.

Global real-time parking system market: Dynamics

The real time parking system market demand is propelled with increasing usage of such systems in urban

cities. The demand is further boosted with enhanced features offered by modern real time parking

system such as parking spot price, spot guidance and airport and transit connections along with other

services. With increasing adoption of efficient real time parking system the demand for these system is

expected arise from airport, hospital, mall parking, commercial parking garages, universities, on street

municipal and other event avenues.

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Research offers 10 year forecast on real time parking system market

Global Real-Time Parking System Market

The strong integration of real time parking system and Internet of Things and cloud data is opening new

avenues for the users and manufacturers. The integration is enabling users to access real time parking

condition and for paid parking structures, it’s helping user opt for simple payment method through

payment wallet. Although owing to high capital cost of equipment for real time parking systems, the

adoption is relatively low but with economic pricing of these systems the application for commercial

purpose is expected to increase.

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Global real-time parking system market: Segmentation

Real-time parking system market can be segmented on the basis of location, type and application.

On the basis of type, real time parking system market can be segmented as:

Software

Hardware

Services

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Research offers 10 year forecast on real time parking system market

Global Real-Time Parking System Market

The Real time parking system market can be segmented on the basis of Location

On–street

Off–street

Others

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On the basis of application, the real time parking system market can be segmented as:

Commercial

Personal

Transport and Aviation

Government

Others

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Research offers 10 year forecast on real time parking system market

ASEAN Automotive Aftermarket Analysis

Global real-time parking system market: Region-wise Outlook

On the basis of region, the real-time parking system market can be segmented into North America,

Western Europe, Asia Pacific Excl. Japan, Latin America, Middle East & Africa, Eastern Europe, and Japan.

The North America and Western Europe are currently one of the largest markets real-time parking

system, yet the demand for real-time parking system is relatively moderate in the regions owing to

maturing automotive sales. The rising sales of automobile and increasing vehicle density in Japan and

APEJ are propelling the demand for real time parking system market in the region, therefore the market

is anticipated to account for substantial market share during the forecast period. Likewise Latin America

real time parking system market is expected to gain significant market share over the forecast period. The

Middle East and Africa real time parking system market is expected to create sustainable opportunities in

key markets of Qatar, Dubai, Turkey and South Africa among other countries.

Global real-time parking system market: Key Players

Some of the key players identified in the real-time parking system market are: Streetline, Smart Parking

Ltd., ParkMe Inc., Parknav, T2 SYSTEMS, Spot Innovation, Inc., INRIX, Inc., ParkWhiz API, Robotic

Parking Systems, Inc., Cisco Systems, Inc., and PARKMATIC among many other participant.

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Research offers 10 year forecast on real time parking system market

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