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(IT-NEWSWIRE.COM, January 20, 2017 ) Smart parking is a vehicle parking system that helps drivers find a parking space at minimal cost. It consists of sensors, apps, smart parking meters, and mobile phone automated payment systems that allow drivers to reserve parking in advance and pay by credit card or cash.
Technavios analysts forecast the smart parking market in Western Europe to grow at a CAGR of 13.7% during the period 2016-2020.
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
To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=S&repid=775783
Technavio'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
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
Key questions answered in this report What will the market size be in 2020 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
Make an Enquiry of this report @ http://www.researchmoz.us/enquiry.php?type=E&repid=775783
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