DUBLIN--(BUSINESS WIRE)--The "North America Smart Parking Market Analysis By Hardware (Pucks, Cameras & LPRs, Smart Meters, Signage, Parking Gates), By Software, By Service, By Type, By Country, And Segment Forecasts, 2014 - 2025" report has been added to ResearchAndMarkets.com's offering.
The North America smart parking market is expected to reach USD 4.11 billion by 2025
Developing better solutions to avoid congestions and systematic positioning of vehicles across the cities are the key factors driving the market growth.
The increased use of automobiles and the trend of urbanization are leading to paucity in parking spaces. Technological advancements such as online payments and development of mobile apps for reserving parking slots are instrumental in driving the implementation of smart parking systems.
Pucks (Wireless sensors) have been increasingly used in smart parking systems and thus, the segment is expected to grow at a faster pace with a CAGR of 18.4%. These wireless sensors aid in tracking vehicles that enter and exit garages, constantly. Implementation of these sensors has increased security and safety of vehicles as well as people accessing the vehicles at underground garages and sites.
The Parking Guidance System (PGS) segment held the largest market share in 2016 and is anticipated to reach USD 859.3 million by 2025. In places, such as shopping malls, large commercial hubs, and sports and entertainment hubs, there are large number of vehicles that need to be positioned appropriately to avoid congestions. In such situations, a PGS provides directions and accuracy in terms of parking the vehicles to the drivers.
The key players in the market are Amano McGann. Conduent, Inc. Cisco Systems, Inc. SKIDATA AG. Streetline, Inc. ParkMe, Inc. and Parkmobile LLC, among others.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 North America Smart Parking System Industry Outlook
Chapter 4 North America Smart Parking System Market Hardware Outlook
Chapter 5 North America Smart Parking System Market Software Outlook
Chapter 6 North America Smart Parking System Service Outlook
Chapter 7 North America Smart Parking System Type Outlook
Chapter 8 North America Smart Parking System Application Outlook
Chapter 9 North America Smart Parking System Country Outlook
Chapter 10 Competitive Landscape
- Altiux Innovations
- Amano McGann Inc.
- Amco S.A.
- BMW AG (ParkNow GmbH)
- Cisco Systems Inc.
- CivicSmart Inc.
- Conduent Incorporated
- Deteq Solutions Limited
- Group Techna Inc.
- Kapsch TrafficCom
- Libelium Comunicaciones Distribuidas S.L.
- Meter Feeder Inc.
- Municipal Parking Services Inc.
- Nedap N.V.
- ParkiFi LLC
- ParkMe Inc.
- Parkmobile LLC
- Robert Bosch GmbH
- Siemens AG
- SKIDATA AG
- Smart Parking Ltd.
- SpotHero Inc.
- Streetline Inc.
- Swarco AG
- Urbiotica S.L.
- WorldSensing S.L.N.E
- Xerox Corporation
For more information about this report visit https://www.researchandmarkets.com/research/trtwkn/north_america?w=4