North America Smart Parking Market 2014-2017 & 2025: Key Vendors are Amano McGann, Conduent, Cisco Systems, SKIDATA, Streetline, ParkMe and Parkmobile

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.

Further Key Findings From the Report Suggest:

Key Topics Covered:

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources

Chapter 2 Executive Summary
2.1 North America Smart Parking System Market- Industry Snapshot & Key Buying Criteria, 2014 - 2025
2.2 North America Smart Parking System Market, 2014 - 2025

Chapter 3 North America Smart Parking System Industry Outlook
3.1 Market Segmentation
3.2 Market Size and Growth Prospects
3.3 North America Smart Parking System Market - Value Chain Analysis
3.3.1 Vendor landscape
3.4 North America Smart Parking System Market - Workflow Analysis
3.5 North America Smart Parking System Market Dynamics
3.5.1 Market driver analysis
3.5.1.1 Increasing traffic congestion propelling the demand for improved smart parking solutions
3.5.1.2 Advancements in technologies
3.5.1.3 Increasing investments in smart city projects
3.5.2 Market challenge analysis
3.5.2.1 Reduced precision in vehicle detection
3.6 North America Smart Parking System Market - Company Ranking, 2016
3.7 Penetration and Growth Prospect Mapping
3.8 Parking Spaces in the U.S.
3.9 North America Smart Parking System - Porter's Five Forces Analysis
3.10 North America Smart Parking System - PESTEL Analysis

Chapter 4 North America Smart Parking System Market Hardware Outlook
4.1 North America Smart Parking System Market Share By Hardware, 2016 & 2025
4.2 Pucks (wireless sensors)
4.3 Cameras and LPRs
4.4 Smart Meters
4.5 Signage
4.6 Parking Gates

Chapter 5 North America Smart Parking System Market Software Outlook
5.1 North America smart parking system market share by software, 2016 & 2025
5.2 Parking Guidance System
5.3 Analytics Solutions

Chapter 6 North America Smart Parking System Service Outlook
6.1 North America Smart Parking System Market Share By Service, 2016 & 2025
6.2 Consulting Services
6.3 Engineering Services
6.4 Mobile App Parking Services

Chapter 7 North America Smart Parking System Type Outlook
7.1 North America Smart Parking System Share By Type, 2016 & 2025
7.2 On-street
7.3 Off-street
7.3.2 Garage Parking
7.3.3 Lot Parking

Chapter 8 North America Smart Parking System Application Outlook
8.1 North America Smart Parking System Market Share By Application, 2016 & 2025
8.2 Commercial
8.3 Government
8.4 Transport Transit

Chapter 9 North America Smart Parking System Country Outlook

Chapter 10 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/2hxhcd/north_america?w=5

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