Global Smart Parking Market by Type, Application, End-user, Region and Company - Forecast to 2027 -

DUBLIN--()--The "Smart Parking Market, Global Forecast by Type, Application, End-User, Regions, Company Analysis" report has been added to's offering.

According to the research analysis, the Global Smart Parking Market is expected to grow with double-digit CAGR and reach USD 12.7 billion by 2027.

Globally, Vehicle parking lies at the intersection of mobility management as well as urban space. Over time, there were many generations which have offered numerous opportunities to the users. In recent years, parking generation provides basic automation that allows users to navigate the complete parking life cycle independently, for instance, knowing fee settlement, ticketing, parking, and parking occupancy status.

The factor that is boosting this market is the growing adoption of integrated automated solutions coupled with wireless technologies' advancements. The surging of digital payment technologies in the market is likely to contribute to the growth over the forecast period. However, high implementation cost and non-availability of supporting infrastructure are expected to hamper this market's growth.

As the global urban population has reached 7.5 billion in 2020, according to Census Bureau's International; smart parking is playing a significant role in bringing about improvements in convenience, congestion, lower costs, urban mobility and the delivery of practical information and intelligence.

Smart Parking technology's adoption equips operators with the ability to deliver a wide range of additional services such as public broadband, safety video surveillance, air quality, and lighting control more efficiently, with new intelligent networks and greater automation via the Smart Spot network gateway products. The app included payment function features that alarm people when they get paid, allowing them to top up instantly.

Key Topics Covered

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics

4.1 Growth Driver

4.2 Challenges

5. Global Smart Parking Market

6. Market Share - Global Smart Parking Analysis

6.1 By Type

6.2 By Application

6.3 By End-user

6.4 By Regions

7. Type - Global Smart Parking Market

7.1 On-street

7.2 Off-street

8. Application - Global Smart Parking Market

8.1 Security & Surveillance

8.2 Smart Payment System

8.3 License Plate Recognition

8.4 Other Application

9. End-user - Global Smart Parking Market

9.1 Transport Facilities

9.2 Governments and Municipalities

9.3 Commercial Institutions

9.4 Corporate Institution

10. Regions - Global Smart Parking Market

10.1 North America

10.2 Europe

10.3 Asia Pacific

10.4 Middle East & Africa

10.5 Latin America

11. Mergers & Acquisitions

12. Company Analysis


12.1.1 Overview

12.1.2 Recent Developments

12.1.3 Revenue Analysis

12.2 Allegion PLC

12.2.1 Overview

12.2.2 Recent Developments

12.2.3 Revenue Analysis

12.3 Aisin Seiki Co. Ltd.

12.3.1 Overview

12.3.2 Recent Developments

12.3.3 Revenue Analysis

12.4 Siemens AG

12.4.1 Overview

12.4.2 Recent Developments

12.4.3 Revenue Analysis

12.5 Bosch

12.5.1 Overview

12.5.2 Recent Developments

12.5.3 Revenue Analysis

For more information about this report visit

Laura Wood, Senior Press Manager

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Laura Wood, Senior Press Manager

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900