Smart Parking Market 2016 Trend, Analysis and Outlook to 2020

Extensive research carried out by the analysts at Publisher has shown that the smart parking market in Western Europe will witness impressive growth at a CAGR of close to 14% over the forecast period. Smart parking aids in reducing traffic congestions considerably in highly populated areas. Smart parking systems use sensors deployed in the center of the designated parking area, and the data gathered from these sensors provide useful information regarding the number of standby vehicles and the number of vehicles in the queue to acquire parking space. The data also helps analyze and process the traffic flow. Moreover, smart parking has the tools to improve workforce management and generate revenue by enabling real-time monitoring and control of the available parking space. The two-way M2M communication between smart parking sensors and connected cars helps reduce parking-related issues, which will impel the growth prospects for the smart parking market in Western Europe during the predicted period.

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Covered in this report 
The report covers the present scenario and the growth prospects of the smart parking market in Western Europe for 2016-2020. The report has taken into consideration the sales of smart parking systems, solutions, and sensors.

The market is divided into the following segments based on type of parking space: 
- Off-street parking
- On-street parking

Publisher's report, Smart Parking Market in Western Europe 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
- IPS Group, Inc.
- Libelium Comunicaciones Distribuidas S. L
- Parkeon
- Streetline (Kapsch TrafficCom)
- TransCore, LP
 
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Other prominent vendors 
- 3M
- Aeris Communications
- Cisco Systems
- Deutsche Telekom
- Gemalto
- HCL
- IBM
- Jasper Technologies
- MSR-Traffic
- Nedap Mobility Solutions
- Orange Business Services
- Oti (PARX)
- ParkHelp
- ParkMe (INRIX)
- Parkmobile
- Parkopedia
- Q-Park
- Q-Park
- Serco
- Siemens
- Sierra Wireless
- SKIDATA 
- Smart Parking
- Swarco
- Synapt (Prodapt Solutions)
- T2 Systems
- Telensa
- TeliaSonera
- Urbiotica
- Vodafone
- World Sensing
- Xerox

Market driver 
- Increased adoption of smart parking sensors
- For a full, detailed list, view our report 

Market challenge 
- Concerns related to security and network integration 
- For a full, detailed list, view our report 

Market trend 
- Dynamic pricing for parking
- For a full, detailed list, view our report 
 
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