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Intelligent Parking Systems Market by Type and Region - Forecast and Analysis 2020-2024

  • Published: Aug 2020
  • Pages: 120
  • SKU: IRTNTR43068
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The intelligent parking systems market size will record an incremental growth of USD 5.2 billion and a CAGR of 22% during 2019-2024.

This market report entails segmentation by type (On-street parking and off-street parking) and geography (North America, Europe, APAC, South America, and MEA). View our sample report to gather market insights on the segmentations. 

The intelligent parking systems market report also analyzes the market's competitive landscape and offers information on several market vendors, including 3M Co., Conduent Inc., Flowbird SAS, International Business Machines Corp., IPS Group Inc., Kapsch TrafficCom AG, Libelium Comunicaciones Distribuidas SL, Nedap NV, Siemens AG, and SKIDATA AG.

What will the Intelligent Parking Systems Market Size be in 2020?

Intelligent Parking Systems Market Size

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Overview of Competitive Analysis

The intelligent parking systems market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies.

The market structure is fragmented. With the shift in consumer behavior owing to the COVID-19 pandemic, the vendors are focusing on leveraging upcoming trends and drivers that have been identified and explored in this intelligent parking systems market analysis report. Factors such as the increasing use of Telematics for car parking will offer immense growth opportunities. The report also covers challenges and strategies to dodge them, which will help vendors in recreating their plan of action to obtain growth opportunities in the future.

To make the most of the opportunities, vendors should also capitalize on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on the post-COVID-19 impact on each product and service segment.

Which are the Key Regional Markets for the Intelligent Parking Systems Market?

Intelligent Parking Systems Market Market segmentation by region

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The report offers an up-to-date analysis of the geographical composition of the market. North America had the largest market share in the intelligent parking systems market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising sales of passenger vehicles such as sedans and hatchbacks will significantly influence intelligent parking systems market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report

37% of the market's growth will originate from North America during the forecast period. US | UK | Germany | China | France are the key markets for intelligent parking systems market in the region. This report provides estimations of the contribution of all regions to the growth of the intelligent parking systems market size.

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What are the Key Factors Covered in this Intelligent Parking Systems Market Report?

  • CAGR of the market during the forecast period 
  • Detailed information on factors that will drive intelligent parking systems market growth during the next five years
  • Precise estimation of the size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the intelligent parking systems market industry across North America, Europe,APAC, South America and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of intelligent parking systems market vendors

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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
  • 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
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 3M Co.
  • Conduent Inc.
  • Flowbird SAS
  • International Business Machines Corp.
  • IPS Group Inc.
  • Kapsch TrafficCom AG
  • 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

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Intelligent Parking Systems market growth will increase by $5218.00 million during 2019-2024.
The intelligent parking systems market is expected to grow at a CAGR of 21.71% during 2019-2024.
Technavio has segmented the intelligent parking systems market by type (Off-street parking and On-street parking) ,distribution channel (Offline distribution channel and Online distribution channel) , and geographic (North America, Europe, APAC, and South America).
3M Co., Conduent Inc., Flowbird SAS, International Business Machines Corp., IPS Group Inc., Kapsch TrafficCom AG, Libelium Comunicaciones Distribuidas SL, Nedap NV, Siemens AG, SKIDATA AG are a few of the key vendors in the intelligent parking systems market.
North America will register the highest growth rate of 37.42% among the other regions. Therefore, the intelligent parking systems market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the intelligent parking systems market growth are:
  • Use of telematics for car parking and tracking
  • Emergence of wireless charging of EVs
The intelligent parking systems market vendors should focus on grabbing business opportunities from the off-street parking segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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