The Europe Smart Parking Market would witness market growth of 9.6% CAGR during the forecast period (2018 - 2024). Technological advancements such as autonomous cars, and smart parking technologies, and significant investments into developing smart cities by the governments around the world, would offer tremendous market potential.
Mobile applications on smartphones to gather information about location, opening hours, tariff and other facilities would allow drivers to record the GPS location of the car in a crowded car parking facility, with additional notes and photos helping the drivers to rely on smart parking. Based on the technology type, the Smart Parking market is segmented into RFID, Ultrasonic and Others. Based on the End User, the market is segmented into Government and Commercial.
The Applications highlighted in this report include Security & Surveillance, Smart Payment System, License Plate Recognition and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Smart Parking Ltd., IEM SA, Amano Corporation (Amano Mcgann, Inc.), Urbiotica S.L., IPS Group Inc., Klaus Multiparking Systems, Swarco AG, and Dongyang PC, Inc.
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