COVID-19 Impact & Recovery Analysis - Smart Parking Market (2020-2024) | Increasing Use of Telematics to Boost Growth | Technavio

Technavio has announced its latest market research report titled Global smart parking market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the smart parking market and it is poised to grow by USD 5.22 billion during 2020-2024, progressing at a CAGR of almost 22% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Conduent Inc., Flowbird SAS, International Business Machines Corp., IPS Group Inc., Kapsch Aktiengesellschaft, Libelium Comunicaciones Distribuidas SL, Nedap NV, Siemens AG, and SKIDATA AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The increasing use of telematics has been instrumental in driving the growth of the market. However, high deployment costs might hamper market growth.

Smart Parking Market 2020-2024: Segmentation

Smart Parking Market is segmented as below:

  • Type
    • Off-street Parking
    • On-street Parking
  • Geographic Landscape
    • North America
    • Europe
    • APAC
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41111

Smart Parking Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our smart parking market report covers the following areas:

  • smart parking market size
  • smart parking market trends
  • smart parking market industry analysis

This study identifies the growing adoption of ITS as one of the prime reasons driving the smart parking market growth during the next few years.

Smart Parking Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the smart parking market, including some of the vendors such as 3M Co., Conduent Inc., Flowbird SAS, International Business Machines Corp., IPS Group Inc., Kapsch Aktiengesellschaft, Libelium Comunicaciones Distribuidas SL, Nedap NV, Siemens AG, and SKIDATA AG. Backed with competitive intelligence and benchmarking, our research reports on the smart parking market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Smart Parking Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist smart parking market growth during the next five years
  • Estimation of the smart parking market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart parking market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart parking market vendors

Table Of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type placement
  • Off-street parking - Market size and forecast 2019-2024
  • On-street parking - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 3M Co.
  • Conduent Inc.
  • Flowbird SAS
  • International Business Machines Corp.
  • IPS Group Inc.
  • Kapsch Aktiengesellschaft
  • Libelium Comunicaciones Distribuidas SL
  • Nedap NV
  • Siemens AG
  • SKIDATA AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global smart parking market will grow by $5.22 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/