Global Smart Parking Systems Market Size, Trends and Growth opportunity, By Hardware (Pucks,Cameras & LPRs, Smart Meters,Signage,Parking Gates) By Software (Parking Guidance System, Analytics Solutions) By Service (Consulting, Engineering and Mobile App Parking Service) By Type(On-street, Off-street)  By Application (Commercial, Government, Transport Transit).By Region And forecast till 2027. 
Global Smart Parking Systems Market
The Global  Smart Parking Systems  Market was valued at USD 7.44 billion in 2021 and it is expected to reach at USD 30.16 billion in 2027 at a CAGR of 22.1 % during forecast period 2022-2027.
Smart parking systems manage parking spaces in city  efficiently and drivers in locating available parking spaces to avoid traffic congestion .Increasing use of smart parking meters, License Plate Recognition (LPR) cameras, and parking guidance systems for parking along with the rising vehicle sales are the factors responsible for the expansion of the growth of smart parking system market.
Market Drivers
Increasing government investment in smart city projects and initiatives to overcome  traffic congestion along with advancements in Internet of Things (IoT), and rising  investment in R&D for innovative product development  propelling the market growth.Additionally  the significant rise in automated parking solutions collaborated  with the advancements in wireless and digital payment technologies boost the  market .
Market Restraints
Lack of awareness among peoples regarding the benefits of smart parking hinders  the growth of the market. Additionally,the smart parking solutions equipped with RFID tags due to an  electromagnetic interferenc face disruption in signals occurs which restrain market growth.
COVID-19 Impact on Smart Parking Systems Market 
Due to Outbreak of COVID-19 the market affected adversely as government imposed strict lockdown and peoples are not stepping from homes due to the fear of virus transmission.
Market Segmentation 
The global Smart Parking Systems market segmented on the basis of Hardware, Software ,Service, Type, Application.On the basis of Hardware it segmented into Pucks,Cameras & LPRs, Smart Meters,Signage,Parking Gates.On the basis of Software it segmented into Parking Guidance System, Analytics Solutions.On the basis of Service it segmented into Consulting, Engineering and Mobile App Parking Service.On the basis of Type it segmented into  On-street, Off-street. On the basis of Application it segmented into Commercial, Government, Transport Transit.

Regional Analysis
The global Smart Parking Systems market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. North America dominated the market due to The increasing number of vehicles in this region. Asia Pacific is also witnessed a significant rise in Smart Parking Systems  market.
Key Players
Various key players are listed in this report such as  Altiux Innovations ,Amano McGann Inc,Amco SA, BMW AG,Cisco Systems Inc, Civic Smart Inc,Deteq Solution, Flowbird, gtechna,INDECT Electronics & Distribution GmbH, Kapsch Traffic Com, Libelium Comunicaciones Distribuidas S L,Meter Feeder Inc, Mindteck Municipal Parking Services Inc, Nedap N V, Park Assist, ParkHelp Technologies,ParkJockey,ParkMe Inc,Robert Bosch GmbH, Siemens AG ,SKIDATA AG, Smart Parking Ltd,SpotHero Inc,Swarco AG,Urbiotica SL.
 Market Taxonomy 
• Hardware 
o Pucks (Wireless Sensors)
o Cameras & LPRs
o Smart Meters
o Signage
o Parking Gates
• Software 
o Parking Guidance System
o Analytics Solutions
• Service 
o Consulting Service
o Engineering Service
o Mobile App Parking Service
• Type 
o On-street
o Off-street
? Garage Parking
? Lot Parking
• Application 
o Commercial
o Government
o Transport Transit
• By Region
o North America
o Latin America
o Europe
o Asia Pacific
o Middle East and africa

Key Question Addressed by the Report
• What are the Key Opportunities in Smart Parking Systems Market ?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?

Global Smart Parking Systems  Market
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Smart Parking Systems  Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Smart Parking Systems   Market, By Hardware  Type
5.1 Y-o-Y Growth Comparison, ByHardware Type
5.2 Global Smart Parking Systems   Market Share Analysis, By Hardware Type
5.3 Global Smart Parking Systems   Market Size and Forecast, By Hardware Type
5.3.1 Pucks
5.3.2 Cameras & LPRs 
5.3.3 Smart Meters 
5.3.4 Signage
5.3.5 Parking Gates
6 Global Smart Parking Systems   Market, By Software Type
6.1 Y-o-Y Growth Comparison, By Software type
6.3 Global Smart Parking Systems   Market Share Analysis, By Software type
6.3 Global Smart Parking Systems   Market Size and Forecast, By Software type
6.3.1 Parking Guidance System 
6.3.2 Analytics Solutions 
7 Global Smart Parking Systems   Market, By Service Type
7.1 Y-o-Y Growth Comparison, By Service Type
7.2 Global Smart Parking Systems   Market Share Analysis, By Service Type
7.3 Global Smart Parking Systems   Market Size and Forecast, By Service Type
7.3.1  Consulting
7.3.2  Engineering
7.3.3  Mobile App Parking Service
8 Global Smart Parking Systems  Market, By Type 
8.1 Y-o-Y Growth Comparison, By Type 
8.2Global Smart Parking Systems   Market Share Analysis, By Type 
8.3 Global Smart Parking Systems   Market Size and Forecast, By Type 
8.3.1 On-street
8.3.2  Off-street 
9 Global Smart Parking Systems  Market, By Application 
9.1 Y-o-Y Growth Comparison, By Application 
9.2Global Smart Parking Systems   Market Share Analysis, By Application 
9.3 Global Smart Parking Systems  Market Size and Forecast, By Application 
9.3.1 Commercial
9.3.2 Government
9.3.3  Transport Transit 
10Global Smart Parking Systems   Market, By Region
10.1 Global Smart Parking Systems   Market Share Analysis, By Region
10.2 Global Smart Parking Systems   Market Size and Forecast, By Region
11 North America Smart Parking Systems   Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 North America Smart Parking Systems   Market Share Analysis, By Hardware  Type
11.3 North America Smart Parking Systems  Market Size and Forecast, By Software 
11.4 North America Smart Parking Systems   Market Size and Forecast, By Service 
11.5 North America Smart Parking Systems   Market Size and Forecast, By Type
11.6  North America Smart Parking Systems  Market Size and Forecast, By Application 
11.7 North America Smart Parking Systems   Market Size and Forecast, By Country
11.7.1 U.S
11.7.2 Canada
11.7.3 Mexico
12EuropeSmart Parking Systems   Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Smart Parking Systems   Market Share Analysis, By Hardware  Type
12.3 Europe Smart Parking Systems   Market Size and Forecast, By Software
12.4 Europe Smart Parking Systems   Market Size and Forecast, By Service 
12.5 Europe Smart Parking Systems   Market Size and Forecast, By Type
12.6 Europe Smart Parking Systems   Market Size and Forecast, By Application 
12.7 Europe Smart Parking Systems   Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13 Asia Pacific Smart Parking Systems   Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia-Pacific Smart Parking Systems   Market Size and Forecast, ByHardware  Type
13.3 Asia-Pacific Smart Parking Systems   Market Size and Forecast, By Software
13.4 Asia-Pacific Smart Parking Systems   Market Size and Forecast, By Service 
13.5 Asia-Pacific Smart Parking Systems   Market Size and Forecast, By Type
13.6 Asia-Pacific Smart Parking Systems   Market Size and Forecast, By Application 
13.7Asia-Pacific Smart Parking Systems   Market Size and Forecast, By Country
13.7.1 China 
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
14 Latin America Smart Parking Systems   Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Smart Parking Systems   Market Size and Forecast, By Hardware Type
14.3 Latin America Smart Parking Systems   Market Size and Forecast, By Software
14.4 Latin America Smart Parking Systems   Market Size and Forecast, By Service 
14.5 Latin America Smart Parking Systems   Market Size and Forecast, By Type
14.6 Latin America Smart Parking Systems   Market Size and Forecast, By Application 
14.7 Latin America Smart Parking Systems   Market Size and Forecast, By Country
14.7.1 Brazil
14.7.2.Rest of Latin America
15Middle East Smart Parking Systems   Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Smart Parking Systems   Market Share Analysis, By Hardware  Type
15.3 Middle East Smart Parking Systems   Market Size and Forecast, By Software
15.4 Middle East Smart Parking Systems   Market Size and Forecast, By Service 
15.5 Middle East Smart Parking Systems   Market Size and Forecast, By Type
15.6 Middle East Smart Parking Systems   Market Size and Forecast, By Application 
15.7Middle East Smart Parking Systems   Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1. Altiux Innovations
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. Amano McGann Inc
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. Amco SA
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4. BMW AG 
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5   Key Market Developments
17.4.6 Key Strategies
17.5. Cisco Systems Inc
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6. Civic Smart Inc
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7. Deteq Solution
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8. Flowbird
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9. gtechna
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5Key Market Developments
17.9.6 Key Strategies
17.10. INDECT Electronics & Distribution GmbH
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies
17.11. Kapsch Traffic Com
17.11.1 Overview
17.11.2 Offerings
17.11.3 Key Financials
17.11.4 Business Segment & Geographic Overview
17.11.5 Key Market Developments
17.11.6 Key Strategies
17.12. Libelium Comunicaciones Distribuidas S L
17.12.1 Overview
17.12.2 Offerings
17.12.3 Key Financials
17.12.4 Business Segment & Geographic Overview
17.12.5 Key Market Developments
17.12.6 Key Strategies
17.13. Meter Feeder Inc
17.13.1 Overview
17.13.2 Offerings
17.13.3 Key Financials
17.13.4 Business Segment & Geographic Overview
17.13.5 Key Market Developments
17.13.6  Key Strategies
17.14. Mindteck Municipal Parking Services Inc
17.14.1 Overview
17.14.2 Offerings
17.14.3 Key Financials
17.14.4 Business Segment & Geographic Overview
17.14.5 Key Market Developments
17.14.6 Key Strategies
17.15. Nedap N V
17.15.1 Overview
17.15.2 Offerings
17.15.3 Key Financials
17.15.4 Business Segment & Geographic Overview
17.15.5 Key Market Developments
17.15.6 Key Strategies
17.16. Park Assist 
17.16.1 Overview
17.16.2 Offerings
17.16.3 Key Financials
17.16.4 Business Segment & Geographic Overview
17.16.5   Key Market Developments
17.16.6 Key Strategies
17.17. ParkHelp Technologies
17.17.1 Overview
17.17.2 Offerings
17.17.3 Key Financials
17.17.4 Business Segment & Geographic Overview
17.17.5 Key Market Developments
17.17.6 Key Strategies
17.18. ParkJockey
17.18.1 Overview
17.18.2 Offerings
17.18.3 Key Financials
17.18.4 Business Segment & Geographic Overview
17.18.5 Key Market Developments
17.18.6 Key Strategies
17.19. ParkMe Inc
17.19.1 Overview
17.19.2 Offerings
17.19.3 Key Financials
17.19.4 Business Segment & Geographic Overview
17.19.5 Key Market Developments
17.19.6 Key Strategies
17.20. Robert Bosch GmbH
17.20.1 Overview
17.20.2 Offerings
17.20.3 Key Financials
17.20.4 Business Segment & Geographic Overview
17.20.5 Key Market Developments
17.20.6 Key Strategies
17.21. Siemens AG
17.21.1 Overview
17.21.2 Offerings
17.21.3 Key Financials
17.21.4 Business Segment & Geographic Overview
17.21.5Key Market Developments
17.21.6 Key Strategies
17.22. SKIDATA AG
17.22.1 Overview
17.22.2 Offerings
17.22.3 Key Financials
17.22.4 Business Segment & Geographic Overview
17.22.5 Key Market Developments
17.22.6 Key Strategies
17.23. Smart Parking Ltd
17.23.1 Overview
17.23.2 Offerings
17.23.3 Key Financials
17.23.4 Business Segment & Geographic Overview
17.23.5 Key Market Developments
17.23.6 Key Strategies
17.24. SpotHero Inc
17.24.1 Overview
17.24.2 Offerings
17.24.3 Key Financials
17.24.4 Business Segment & Geographic Overview
17.24.5 Key Market Developments
17.24.6 Key Strategies
17.25. Swarco AG
17.25.1 Overview
17.25.2 Offerings
17.25.3 Key Financials
17.25.4 Business Segment & Geographic Overview
17.25.5 Key Market Developments
17.25.6 Key Strategies
17.26. Urbiotica SL
17.26.1 Overview
17.26.2 Offerings
17.26.3 Key Financials
17.26.4 Business Segment & Geographic Overview
17.26.5 Key Market Developments
17.26.6 Key Strategies