Smart Parking Market in Western Europe 2016-2020 - Research and Markets

DUBLIN—Research and Markets has announced the addition of the "Smart Parking Market in Western Europe 2016-2020" report to their offering.

The smart parking market in Western Europe to grow at a CAGR of 13.7% during the period 2016-2020.

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.

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.

Dynamic pricing for parking will be a key trend for market growth. A large number of parking facility providers use dynamic pricing to manage the demand and supply of available parking spaces. Parking providers give a choice to drivers to either pay more and walk less or pay less and walk an extra block. The sensors available in parking places track the availability of parking spaces and transmit the information directly to the drivers on their smartphones with price details.

According to the report, increased adoption of smart parking sensors will be a key driver for market growth. Smart parking aids in reducing traffic congestions in highly populated areas. Smart parking systems use sensors that are deployed in the center of a parking area. The data gathered from these sensors helps get 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 traffic flow and notify passengers with relevant alerts. This solution reduces the level of parking-related issues and driver anxiety. For instance, Ascendum delivers an embedded widget that shows the available parking spaces in nearby regions. This intelligent parking solution reduces the delay in parking apart from saving fuel. In addition, it helps reduce carbon emissions and other pollutants.

The market is divided into the following segments based on type of parking space:

- Off-street parking

- On-street parking

Key vendors

- IPS Group, Inc.

- Libelium Comunicaciones Distribuidas S. L

- Parkeon

- Streetline (Kapsch TrafficCom)

- TransCore, LP

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

For more information about this report visit http://www.researchandmarkets.com/research/8zpnzl/smart_parking

Related Topics: Internet of Things and M2M

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