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Smart Parking Revenue is Expected to Grow at a CAGR of 18% to Reach $43.56 Billion in 2025

The study analyses smart parking systems and their influence on the parking industry through technology-enabled parking solutions. It describes the ecosystem and market size for smart parking in Europe and North America, and analyzes the strategies of major parking operators, and parking app, infrastructure, and parking management companies. It also evaluates the link between parking and automotive industries, while highlighting investment and strategic partnerships. The study also discusses challenges in parking management and how the industry is working with city councils, governments, and infrastructure providers to deliver best services.

Executive Summary—Key Findings

1 The total smart parking market revenue in Europe and North America is estimated at $ billion in 2014 and it is expected to grow at a CAGR of % to reach $?? billion in 2025. Specific growth opportunities are expected for parking operators through increasing technology-enabled parking solutions.
2 Top 20 parking app providers in Europe and North America already offer million parking spaces on behalf of million users. Their business model is expected to evolve to combine booking, payment, analytics, and demand-based pricing.
3 Peer-to-peer parking, online parking reservation, and mobile parking payment solutions are expected to grow at a CAGR of above % between 2014–2025, creating an increasing market for mobile-based parking solutions and the supporting ecosystem.
4 Smart parking is expected to become an increasingly important component of smart cities, increasing revenue sought from parking by an average of - %, as has been seen in Barcelona and Los Angeles.
5 Key investments up to $ million were raised for smart parking platforms for peer-to-peer parking, mobile parking payment, and parking hardware and software in Europe and North America till 2014.
6 Investment and strategic partnerships are being sought by several industry segments such as the automotive industry. BMW (ParkNow, Parkmobile) and Daimler (Park2gether, GottaPark) are currently the leading OEMs in parking management solutions.

Table Of Contents

Strategic Analysis of Smart Parking Market in Europe and North America
1. EXECUTIVE SUMMARY

Executive Summary
Executive Summary—Key Findings
Executive Summary—Key Findings and Future Outlook
Executive Summary—Smart Parking in Pisa, Italy
Executive Summary—Smart Parking in the US: LA Express Park
Executive Summary—Key Differences in Parking: Europe and North America
Executive Summary—Automotive OEMs' Interests in Parking Industry
Executive Summary—Total Smart Parking Market Estimates
Executive Summary—Associated Multimedia

2. RESEARCH SCOPE, OBJECTIVES, BACKGROUND, AND METHODOLOGY

Research Scope, Objectives, Background, and Methodology
Research Scope
Research Aims and Objectives
Key Questions this Study will Answer
Research Background
Research Methodology
Key Companies Compared in this Study

3. DEFINITION AND SEGMENTATION OF SMART PARKING

Definition and Segmentation of Smart Parking
Definition of Smart Parking
Smart Parking Segments
Smart Parking Market Overview—Positioning of Business Models

4. SMART PARKING KEY LOCATIONS AND AREAS

Smart Parking Key Locations and Areas
Smart Parking Key Locations
Smart Parking in Pisa, Italy
Key Cities in Europe
Key City Analysis—Paris
Key City Analysis—Barcelona
Key City Analysis—London
Parking Regulations (Existing and New Laws)
Smart Parking in the US—LA Express Park
Key Cities in North America
Key City Analysis for Parking—San Francisco
Key City Analysis for Parking—New York
Key City Analysis for Parking—Chicago
Parking Regulations (Existing and New Laws)

5. SMART PARKING ECOSYSTEM

Smart Parking Ecosystem
Smart Key Industry Participants
Overview—Automotive OEMs' Interests in Parking Industry
Smart Parking Technologies
Key Parking Innovations

6. CASE STUDIES—SMART PARKING KEY PARTICIPANTS

Case Studies—Smart Parking Key Participants
Case Study—Park2gether
Case Study—JustPark
Case Study—EasyPark
Case Study—Parkopedia
Case Study—Parkeon
Case Study—Parkmobile
Case Study—ParkTag
Case Study—Streetline
Case Study—Streetline IoT Smart Parking
Case Study—Streetline Product Portfolio Summary

7. SMART PARKING FORECASTS

Smart Parking Forecasts
Smart Parking Definition
Total Smart Parking Market Estimates
Market Estimates—P2P Parking and Online Reservation
Forecast Scenario Assumptions for P2P Parking and Online Reservation
Market Estimates for Parking Infrastructure and Hardware/Software Providers
Forecast Scenario Assumptions for Parking Infrastructure and Hardware/Software Providers
Market Estimates for Mobile Parking Payment Companies
Forecast Scenario Assumptions for Mobile Parking Payment Companies
Market Estimates for Parking Management Companies
Forecast Scenario Assumptions for Parking Management Companies
Market Estimates for Parking Operators
Forecast Scenario Assumptions for Parking Operators
Technology Roadmap of Parking Industry

8. SMART PARKING KEY TRENDS

Smart Parking Key Trends
Key Areas of Innovation across Ecosystem
Smart Parking to Cities—Streetline and Lafayette
Smart Parking in Automotive Industry—Case Study: Parkopedia
Investment Areas of Interest

9. CONCLUSIONS AND FUTURE OUTLOOK

Conclusions and Future Outlook
Key Conclusions and Future Outlook
The Last Word—Three Big Predictions
Legal Disclaimer

10. APPENDIX

Appendix
Parking Industry Estimates Based on Potential Turnover and Spaces
Industry Ecosystem
Highlights of European Parking Industry
Highlights of US Parking Industry
Key Definitions
Efficient Parking Management Strategies
Table of Acronyms Used
Learn More—Next Steps
Market Engineering Methodology

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