Smart Parking Market Share, Size, and Outlook by 2025
Smart Parking Market: Strategic Insights
Smart Parking Market
-
CAGR (2016 - 2025)15.7% -
Market Size 2016
US$ 398.6 Million -
Market Size 2025
US$ 1,462.3 Million
Market Dynamics
GROWTH DRIVERS
- Consistent demand from Asia Pacific region
- Off-street segment fuels growth of smart parking solutions
- Government initiatives promoting smart city development
FUTURE TRENDS
- Growth in AI-driven predictive analytics
OPPORTUNITIES
- Expansion into emerging markets with dense urban areas
- integration of EVs for added convenience
Key Players
- Amano McGann Inc
- Cisco
- Smart Parking Ltd
- Urbiotica
- SKIDATA AG
- Nedap NV
- Kapsch
- Xerox Corp
- Parkmobile LLC
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Parking Sites
- Off-Street and On-Street
Components, End-user Industries
- Transport Facilities
- Government & Municipalities
- Commercial Institutions
- Corporate Institutions