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Smart Parking Market Report 2019 2023 vSAMPLE
Smart Parking Market Report 2019 2023 vSAMPLE
1 Methodology 4
5.4 Smart Parking market – North America 64
2 Summary & Conclusion 7 – Market Share – Percentage 65
Methodology
SAMPLE
• To examine the Smart City initiatives of municipalities and technology vendors focusing on Smart Parking across North America, Europe,
Asia Pacific and Rest of the World.
Research • To estimate the worldwide market size of Smart Parking specifically looking at the installed base, shipments, and spending with
Objectives segmentation analysis by Region, Connectivity Technologies, and Products.
• Identify Key Drivers and Challenges in the adoption of Smart Parking.
Quantitative Study
• Market Sizing – Installed base, shipment, spending (2019-2023).
• Market Segmentation (2019-2023) by region, connectivity technologies, products, wired
and wireless connectivity.
• Market Forecast (2019-2023).
• Market Share Analysis – Overall, By Region.
Methodology
Definition of “Smart Parking”
SAMPLE
Smart Parking is defined as connected parking management solutions deployed onType of “Smart”
public on-street and/or off-street parking facilities where
the occupancy of a parking space is determined by sensing devices such as cameras or sensors embedded in the ground/pavement of individual
Parking
parking spaces that can feed data to help/direct drivers to find a vacant parking space, Systems
and enable remote payments. Solutions can be
Highlights
comprised of vehicle detection sensors, license plate recognition systems, smart payment infrastructure (e.g. connected parking meters and Pay-
by-Phone functionality for paid parking spaces), and middleware / IoT platforms which are networked via wireless and wired connections to
transmit information to various channels such as mobile applications, web applications and dynamic digital signage.
Note: This report and definition of Smart Parking excludes autonomous parking by self-driving cars.
II. CITY VIEW: Smart Parking helps city governing bodies to xxx
• xxx
III. ON-STREET PARKING: xxx sensors expected to gain traction in the next 5 years
• xxx
IV. OFF-STREET PARKING: xxx “sensors” are most suitable for indoor parking environments
• xxx
VI. BUSINESS MODELS: xxx are the dominant business models for smart parking
• xxx
IX. CHALLENGES: xxx is the leading barrier to the adoption of Smart Parking
• xxx
59%
60 52%
57% 55% Europe (75% to 84%), and Oceania (68% to 72%).
50%
50 43%
48% • Leveraging smart parking to meet the rising
41%
40 demand on parking spaces. It will help city
30%
30 planners design citizen-centric and data-driven
20
18%
14%
policies that will optimize usage of parking
10
infrastructure by increasing occupancy rate, or
0
whether there is a need to build more parking
North Latin Europe Oceania Asia Africa World facilities.
America America Total Source: IoT Analytics Research, UN Nations Report
1 On-Street Parking
Parking spaces designed for vehicles to park on the street or along the curb (edge of the sidewalk)
of the street, typically with a limited parking duration.
2 Off-Street Parking
a. Outdoor parking lots. This includes outdoor parking facilities with a gate or barrier, located on
the ground level, and has limited parking duration.
b. Indoor parking houses. This includes indoor parking facilities with a gate or barrier, typically
located in a multi-storey building architecture or underground garages.
Note: * Please see next slide for the definition of the Type of Smart Parking Systems.
Source: IoT Analytics Research, IPS Group, Park Assist
assistance by digital signage and/or mobile app, vehicle detection sensors (e.g. Simple sensors that determine space occupancy to
Advanced camera-based sensors with automated vehicle license plate recognition technology).
• Smart Parking Classification: The following table outlines the classification used for defining Smart Parking in this report.
NAVIGATION TYPE None Digital signage App None Digital signage App
Advanced
(e.g., camera-based) ✔ ✔ ✔ ✔ ✔ ✔
SENSING Simple
TYPE (e.g., magnetometer) ✔ ✔ ✔ ✔ ✔ ✔
None
(e.g., no sensor) ✖ ✖ ✖ ✖ ✖ ✖
Note: ✔= Smart Parking, ✖= Dumb Parking.
- Payment type describes the methods available for paying for parking whether traditional manual payments (e.g. coins) or digital / smart payment options (e.g. offers multi-modal
payment options beyond coins/cash/credit cards such as smart mobile payment or NFC-based payments).
- Navigation type describes the methods available to aid motorists find and direct themselves to an available parking space, mainly none (i.e. no navigation available), digital signage
(e.g. electronic displays showing the number of available parking spaces in a parking facility), and/or a mobile application for navigating drivers to an available parking space either on-
street or off-street.
- Sensing type describes how the presence of a vehicle is detected in a specific parking space. This ranges from None (e.g. no sensor) to Simple (e.g. magnetometer sensors) and
Advanced (e.g. camera-based sensors sometimes with licence plate recognition capabilities).
Source: IoT Analytics Research
1. The hardware level includes sensors, the parking meter, digital signage and barrier gate
2. The Connectivity level enables devices to communicate with other devices and to the cloud via wireless and wireline network.
3. The platform/storage/analytics level includes important functionalities such as connectivity & normalization, device management, etc.
4. The application layer runs integrations into other business systems and hosts applications.
*Agents enabling partner components to be integrated into the middleware / IoT platform
Source: IoT Analytics Research
• The 8 metrics include Weather Resistant, Operating Temperature, Ease of Deployment, Intrusive, Detection Range, Detection of Multiple
Parking Spaces, Line of Sight, Lighting Condition.
• For details on each metric, please see succeeding slides.
Weather Resistant 1
Operating
Temperature 2
8 Lighting Condition
6
Detection of Multiple Intrusive 4
Parking Spaces
Detection Range 5
• The 8 metrics include Link Budget, Nodes per Gateway/Cell, Bandwidth, Message Frequency, Battery Life, Module Cost, Topology, and
Licensed Spectrum.
• For details on each metric, please see succeeding slides.
Link Budget 1
Nodes per
8 Licensed Spectrum
Gateway/ Cell 2
7 Topology Bandwidth 3
Message
6 Module Cost
Frequency 4
Battery Life
Data Management Data Collection Data Storage Data Exchange Services Mobile Data Provisioning
Connectivity* &
API/ SDK Gateway
Normalization
*Agents enabling partner components to be integrated into the middleware / IoT platform
Source: IoT Analytics Research
Installed Base By Region – Units Vendor Profile – Smart Parking Meter– IPS
4 11
Group
in 2018).
• XXX is the hotbed for Smart Parking. XXX is expected to be the biggest market at US$XX by 2023, followed by XXX and XXX.
• XXX are the Top 2 Smart Parking Meter vendors in 2017 worldwide, followed by XXX and XXX.
Smart Parking Market (millions US$) – Global Smart Parking Market (million US$, 2023) - By Region
4,000 3,807
14% XXXX
XXXX
3,000 XXXX Region X XXXX +XX%
XXXX
1,998
2,000 Region X XXXX +XX%
1,000 Region X XXXX +XX%
Smart Parking Meter Vendors – Top 4 Smart Parking Market (million US$, 2023) – By product
(Global Smart Parking Meter Installed Base, 2017)
Source: IoT Analytics Research *Services is defined as subscription to connectivity service provider, and/or maintenance fees (e.g. Over-The-Air (OTA), etc.)
Smart Parking Market Report 2019-2023 18
5 Market Size & Outlook Overall
• XXX emerges as the leading adopter of Smart Parking. Deployments of Smart Parking are currently highest in XX and IoT Analytics
expects the region will continue to have the highest deployment by 2023.
• Deployment in XXX ranked #2. Deployment of Smart Parking in XXX will increase at a CAGR of XX% to XX million in 2023.
• Vendors of Smart Parking Meters have different XXX. XXX are the leading smart parking meter vendor in XXX, while XXX is leading
smart parking meter vendor in XXX. Additionally, XXX dominates XXX.
XX%
XXX
XX% XX%
XXX XX%
XX%
XX% XXX
XXX
Solution Brief
• XXX. XXX.
• XXX. XXX.
• XXX. Differentiating Factor
• XXX. XXX
• XXX. XXX. • XXX: XXX
• XXX. XXX.
• XXX. XXX.
• XXX. XXX.
• XXX. XXX.
• XXX: XXX
• XXX. XXX.
• XXX. XXX.
• XXX. XXX.
• XXX. XXX.
• Lease to Own has been implemented in XXX to boost XXX deployment. This business model has been deployed enabling XXX to
upgrade XXX XXX (see next slide for details).
• XXX will help accelerate the deployment of smart parking solutions. These business model have been adopted in XXX and XXX wherein
smart parking is driven XXX (see succeeding slides for details).
1. Lease to Own
8. Monetization
3. Government
Funding/Grant
6. Solution Provider
5. EPC Contract
4
Project X Off-Street Parking Region X Vehicle Detection Sensor, Parking Mobile App
5
Project X On-Street Parking Region X Vehicle Detection Sensor, Parking Mobile App
8 Project X On-Street Parking Region X Parking Sensor, Digital Signage, Mobile App
9 Project X On-Street Parking Region X Parking Sensor, Digital Signage, Mobile App
10 Project X On-Street Parking Region X Parking Sensor, Digital Signage, Mobile App
Basics
End-user San Francisco Municipal Transportation Agency
Region North America
Project Start 2010
Smart Parking Parking Meters, Parking Sensor, Digital Signage
City Needs
• Remote diagnostics of parking meters to efficiently schedule maintenance • Gateway. The XXX gateway utilizes frequency hopping spread spectrum – FSK
• Sustainable smart parking meters offering maximum battery life modulation, and LoRa direct sequence spread spectrum modulation for a maximum 40
kbps communication bit rate on 50 frequency channels.
Solution Brief • Middleware. The San Francisco Parking Meter Management System (SFPM) uses an
Oracle 10G database with a limited number of pre-built reports and various selection
• Public-Private Partnership. The San Francisco Municipal Transit Agency (SFMTA)
management modules for tasks such as inventory, collections, counting, reconciliation,
collaborated with various vendors. For example, XXX provided single space
parking meter repair work orders, and administration.
parking meters while XXX provided the multi-space parking meter and XXX
• Parking Data. The SFpark real-time parking availability data feed is publicly available at
provided 11,700 units of parking bay sensors across 8,000 spaces.
no cost to application developers and others interested in the data. This data feed is
• Smart Parking meter. In 2014, SFMTA replaced 24,897 existing single space IPS
provided as a REST service with data returned in XML or JSON format.
parking meters (24,327 on-street meters and 570 off-street meters) with smart
• Digital Signage. 14 units of on-street directional signage are deployed to help drivers
single-space smart parking meters which offer multi-mode payment options such
find available off-street parking spaces.
as credit card, debit cards, SFMTA parking cards, PayByPhone and coins. All
parking meters accept PbP. Parking meters are Level 1 PCI-DSS certified. Results & Benefits
• Mobile phone app. A SmartApp known as SFPark was launched in April 2011. It • Demand-based pricing. The parking fees adjust on a real-time basis depending on
utilizes open web interfaces compatible with both iOS and Android devices. demand (e.g. higher fees during peak hours and vice versa).
• Connectivity Technology. Sensors utilize LoRa, with backhaul technologies • Optimized Parking Infrastructure. Parking occupancy increased from 60% to 80%.
including cellular (CDMA, 3G, 4G, LTE), wifi, ethernet; parking meters utilize 3G. • Reduced Parking Search Time. Reduced time spent looking for a parking space by 43%
• In-ground Vehicle Detection Sensor. Powered by magnetic technologies, from an average 11.36 minutes to 6.36 mins (pilot result).
operating temperatures are -40C to +80 C, and utilize LoRa direct sequence • Mitigate carbon dioxide emission. GHG emission from drivers looking for a parking
spread spectrum, frequency band of 902 to 9028 MHz, 50 FSK/ 24 LoRa. space declined by 30% to 4.9 metric tons from 7 metric tons per day.
Source: IoT Analytics Research, SMFTA, IPS Group, Fybr, San Francisco Municipal Transportation Agency
SAMPLE
List of further Smart Parking implementations
# City/ State/ Country Region Vendor (if Smart Parking Source
City Council Available) Solution
Who we reach: 40k+ people in IoT per month Who we serve: 300+ customers to date…
Average monthly website visitors (Q4/2016)
~40,000
IoT decision-makers subscribed to email market updates (Q4/16)
~10,000
Cumulated amount of social media followers (Q4/16)
~6,000
RAQUEL ARTES
Raquel is a Senior Research Analyst focusing on the future of Smart
Cities including Connected Streetlights and Smart Parking.
Further Publications
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Selected available publications – check out some of our reports currently available
• IoT Platforms Market Report 2018-2023
• Industry 4.0 Smart Manufacturing 2018-2023
• IoT Platforms Vendor Comparison 2018
• LPWAN Market Report 2018
• List of 1,600 Enterprise IoT Projects 2018
• Predictive Maintenance Report 2017-2022
• List of 450 IoT Platform Companies 2017
• IoT Security Market Report 2017-2022
• IoT in Postal & Parcel Services 2018
Upcoming publications – contact us now for any queries on our upcoming reports
For more targeted analyses check out our IoT market reports and database lists page.
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SAMPLE
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