Smart Parking System Market Report Delivering Growth

According to Verified Market Research, the global Smart Parking market was valued at $6.59 billion in 2020 and is projected to reach $16.74 billion by 2028, a CAGR of 12.36% between 2021 and 2028. Increasing investment in driverless vehicles and increasing government initiatives to build smart cities around the world are expected to create huge growth opportunities for the market. However, high employment costs, configuration complexity and low Internet penetration rates in developing regions are holding back market growth.

Smart Parking System Market Report Delivering Growth 1

The Smart Parking Solutions market was valued in 2018 at $5,250 billion and is expected to reach $11,793 billion by 2026, representing a CAGR of 10.66% between 2019 and 2026. The increasing number of cars on the roads and the increasing congestion of these vehicles which leads to complex traffic conditions increase the appeal of the global smart parking market, while the high penetration of the Internet of Things (IoT) technology is driving the market's growth. The increasing adoption of smart cars and the continuing technological advancement should shape the future growth of this market.

The smart parking market is expected to grow by $17.46 billion CAGR by 17.85% over the 2021-2028 forecast period. The data bridge Market Research Report on Smart Parking Market provides analysis and insights into various factors expected to dominate during this forecast period and its impact on market growth.

The global parking management market is expected to grow by 10.9% between 2021 and 2029. The increasing number of vehicles and major concerns about parking solutions are the main drivers of the growth of the smart parking market.

The global parking management market is experiencing significant technological advances such as the use of integrated mobile apps and software for parking, cashless payment and RFID technology. The technological advantages of parking management systems will harness the potential of the Internet of Things. The increasing demand for parking spaces due to increasing vehicle production and sales and the worldwide focus on a seamless traffic flow support the immense growth of the global parking management market.

Smart Parking System Market Report Delivering Growth 2

Automated parking systems are growing traction in the market thanks to recent technological and innovative advances in the automotive industry such as cameras, sensors, wireless communication, data analysis, smart parking meters, advanced algorithms and others. Cameras, radars and other sensors are being used in automated vehicles at a considerable pace, which should drive the market in this study. Internet-enabled solutions for modern car parks include security, control and recognition systems as well as automated placement.

During the primary research phase, experts from related industries, manufacturers and suppliers were interviewed to understand the current and future trends in the market for intelligent parking systems and solutions for parking management. The market for intelligent parking systems for passenger cars in terms of volume (000 million units) and value (millions and billions of dollars), system type (in different regions), components (sensors and technologies) derived from forecasting techniques based on the production of intelligent parking systems for passenger cars, parking management market (in terms of value in millions of dollars), vertical technology and solution type derived from forecasting technology based on major solution providers around the world and summing up their segmental revenues. The OEM prices for sensors, technologies and components of the Smart Parking System have been verified from primary sources.

This market intelligence report provides a comprehensive assessment of the global smart parking market, including factors that drive market growth, market barriers, application areas, investment potential, case studies, value chain analysis, the future roadmap, profiles of key market players and strategies. In addition to the current market scenario, the report also provides comprehensive information on future growth prospects and lucrative opportunities offered by the smart parking market. Smart Parking solutions market report facts.The report provides valuable and actionable insights into the key dynamics affecting the market.

Market Research Future (MRFR) is a global market research firm that prides itself on offering complete and accurate analysis of different markets to consumers. His forthcoming report, "Global Smart Parking Systems Market: Trends, Applications, Analysis, Growth and Forecast to 2027" is segmented by car parks, components, end-users and regions. The aim of this research report is to define the market size for different segments by country for the previous year and to forecast the value for the next five years.

The MarketWatch news division was not involved in the creation of this content. The primary objective of Market Research Future (MRFR) is to provide customers with high-quality research and granular research. Our market research studies on products, services, technologies, applications, end users, market participants and global, regional and country-specific market segments enable our customers to see more, know more and do more to answer your important questions.

According to the Association of European Automobile Manufacturers, Europe is expected to be the largest market over the forecast period with 30.83 million vehicles on the road in Europe in 2018. Europe is expected to be a large market for automated parking systems with the presence of many major players in the region of automated parking systems and the attitude of people in the region towards adapting new technologies and an environmentally friendly environment.

Such solutions make it easier to pay per parking thanks to improved ticketing and payment systems. The Cubic Group wants to expand its market presence and is planning to grow its workforce. However, there are certain constraints and challenges that constrain and hamper market growth.

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Unattended Parking? the Parking System Must Have These Four Functions_ Taigewang Technology
Unattended Parking? the Parking System Must Have These Four Functions_ Taigewang Technology
In recent ten years, China's intelligent transportation has experienced a long period of exploration from the previous stage of castles in the air. Under the influence of the Internet, it gradually presents the networking of things. Until last year, the intelligent transportation market is known as ushering in the next 100 billion level market, which has been sought after by many enterprises. With the development of technology, the parking lot system has continuously made the parking lot management intelligent simplistic. When it comes to intelligent parking lot, many people will present a more ideal parking mode in their mind, but how can it be realized? At present, it provides people with a convenient, comfortable and safe parking environment, so that the parking lot information can be interconnected, and then make full use of the parking space information to meet people's parking needs. Although China's security market has developed for a short time, some technologies in the field of intelligent transportation have been in line with the international level, and even some technologies have exceeded the international level, so that the parking lot can be unattended. The four functions of license plate recognition, parking space guidance, reverse car search and self-service payment make the parking lot unattended. From the time the vehicle enters the parking lot to the time of exit, the owner can complete the parking step by step according to the information instructions in the parking lot. Although this kind of unattended parking lot is still in its infancy, many parking lots have been used, which are deeply loved by car owners and get rid of the traditional parking lot management mode. It is a more intelligent management for car owners and parking lot managers. Intelligent parking lot system requires the superb integration of Internet technology and hardware functions, so that the products can be stably based on the market, which is also a test of the strength of parking lot system manufacturers.
Taigewang Intelligent Creates a Cloud Parking System in the Internet Era_ Taigewang Technology
Taigewang Intelligent Creates a Cloud Parking System in the Internet Era_ Taigewang Technology
Now people's definition of the parking lot system has gradually extended from the initial entrance and exit gate rod lifting equipment to a very broad category, that is, booking parking spaces, parking, looking for cars, paying fees, including the centralized management of the parking lot. Modern parking lot system also realizes the unmanned management mode from card ticket management, Bluetooth remote recognition, license plate recognition and other technologies. People park not only to find a place to park, but also to enjoy a safe and convenient parking environment. Entering the Internet plus era, the popularity of big data, cloud services and mobile devices has further stimulated Yunan security's development and application. When security and Internet are combined, networked information transmission, comprehensive function derivation, convenient user management and optimized experience make the traditional parking lot system developed for more than 20 years break through and leap again. Cloud parking, as the name suggests, is to centrally manage the parking lot, realize cross regional resource integration, and realize a new leap in the functions of the traditional parking lot system through Internet technology. The parking cloud platform is composed of cloud management platform, parking lot equipment and terminal equipment, aiming at the application of the parking lot system Design according to the needs of platform management and people's parking requirements, so that the parking lot manager and car owners can follow the reasonable and convenient operation requirements, meet the needs of the project, and expand the customized innovation function. The use of the Internet-based parking lot system in the cloud can realize real-time query, achieve network wide interoperability, provide real-time comprehensive data for the parking lot management, and facilitate timely adjustment according to the use of parking spaces in the parking lot. Almost every parking lot is inseparable from the parking lot system. The linkage expansion function with the third-party platform plays a very important role in the construction of smart city.
Taigewang Technology Teaches You How to Choose the Most Suitable Parking System for You_ Taigewang T
Taigewang Technology Teaches You How to Choose the Most Suitable Parking System for You_ Taigewang T
At present, there are many kinds of parking lot systems with various functions. What type of parking lot system can meet your needs? According to the use occasions and the requirements for vehicle management, taigewang technology will briefly introduce the parking lot systems with the following functions for you. In recent years, with the improvement of people's living standards, the parking lot has been gradually upgraded from the original manual management to the intelligent parking lot management system for management. It has become very convenient not only from the entrance and exit, but also from the charge. First of all, the parking lot system has gone through the processes of IC card swiping, ID card swiping, Bluetooth remote card reading, license plate recognition and the current cloud parking lot system, which makes the functions of the current parking lot system so powerful. However, there will be some differences when purchasing the parking lot system according to your use occasion and on-site vehicle management. The IC card swiping and ID card swiping parking lot system is mainly used in some parking lots with few in and out vehicles and more foreign vehicles. For foreign vehicle owners, as long as they pass the ticket box or manually issue cards at the entrance, the gate can directly lift the pole. At the exit, the administrator can calculate the parking time and payment amount only based on the cards obtained by the owners at the entrance. The Bluetooth remote card reading and license plate recognition parking lot system is mainly applicable to parking lots with many vehicles. The main feature is that the traffic speed is fast when entering and leaving the parking lot. The owner can directly read the card remotely at the entrance through the Bluetooth card reader or recognize the license plate of entering and leaving vehicles through the license plate recognition system, and the gate will automatically lift the lever; At the exit of the parking lot, the parking lot administrator can compare the vehicle information identified by the system at the entrance. According to the comparison information, the system can automatically release the vehicles. According to the nature of vehicles entering and leaving the parking lot and some characteristics of the parking lot itself, when choosing to install the parking lot system, we must choose a regular manufacturer to do some schemes and configurations. In addition, the use method and maintenance of the parking lot management system must be reasonable, so as to prolong the service life of the parking lot system.
What Kind of Parking Lot Is Suitable for Installing Cloud Parking System_ Taigewang Technology
What Kind of Parking Lot Is Suitable for Installing Cloud Parking System_ Taigewang Technology
It may be strange for many people to mention the cloud parking lot. Although taigewang first appeared in the cloud parking lot as early as 2013, until now, many people don't know much about the function and use of the cloud platform in the parking lot system. Here is a brief introduction about the function and use of the cloud parking lot system. First of all, the development of all-in-one card system has gone through many processes, from paper card, ID card, IC card and all-in-one card. However, the all-in-one card system has not undergone fundamental changes in the past decade. Today, with the rapid development of the Internet, the management requirements of all-in-one card system have undergone earth shaking changes, The old all-in-one card system can no longer meet people's management needs. Taigewang has created a new generation of all-in-one card management system cloud platform by combining cloud computing technology, Internet of things technology, big data management technology and intelligent video recognition technology. With the increase of vehicles and the convenience of people's management, the installation of cloud platform in the parking lot has many advantages. First, the installation of cloud platform in the parking lot can break through the regional restrictions and enable the unified management of parking lots not in the same place; Secondly, the use of the road gates in each parking lot and the use of the remaining parking spaces in the parking lot can be known in real time, so that the management personnel can make timely adjustments according to the use of parking spaces; Finally, the cloud platform is installed in the parking lot, which can query the charging situation of each parking lot, sort out and download the financial statements in real time. What kind of parking lot is suitable for installing cloud platform? Cloud parking lot is for many parking lots. For a single parking lot, we can timely understand the use of parking spaces in the parking lot and the charges of the parking lot. Therefore, it is not necessary for the installation of cloud platform. However, for managing many parking lots at the same time, it is difficult for us to timely understand the use and charging of each parking lot. By installing the cloud platform, we can uniformly manage these parking lots and timely understand the operation of each parking lot, so as to increase the revenue of the parking lot. Cloud parking lots are currently used in cities all over the country and play a very important role in the management of multiple parking lots. Therefore, we must understand their functions before installing cloud platforms in our parking lots.]
How to Classify Intelligent Parking System? What Are the Types_ Taigewang Technology
How to Classify Intelligent Parking System? What Are the Types_ Taigewang Technology
With the development of social economy, there are more and more domestic vehicles, and the demand for parking lots will be greater and greater. The emergence of intelligent parking lot system has brought great convenience to the management of parking lots. We don't need to talk about it in detail. This time we introduce the classification of parking lot system, so that you can roughly understand how many kinds of parking lot systems there are, and have one more choice when purchasing parking lot system. 1、 According to the card reading distance of the parking lot system, it can be divided into: 1. Close parking lot system (the card reading distance is within 10cm); 2. Medium distance parking lot system (card reading distance is about 80cm); 3. Remote parking lot system (card reading distance 1-50m, no parking card swiping). 2、 According to the complete functions of the parking lot system, it can be divided into: 1. The simple parking lot system is generally used in the community with more fixed owners. The gate is opened when swiping the card, without voice prompt and Chinese display function. The function of manually issuing temporary cards is relatively simple. 2. The standard parking lot system has complete functions, automatic card issuing, and voice prompt. Basically, all functions are available; 3. The license plate recognition parking lot system has more comprehensive functions than the standard parking lot system and is stronger in automatic recognition. 3、 According to the types of cards used in the parking lot system, it can be divided into: 1. ID card parking lot management system; 2. IC card parking lot management system; 3. ID / IC compatible parking lot management system; 4. Mobile phone card parking lot system; 4. Dynamic video card free parking lot system; 4、 According to the number of entrances and exits of the parking lot system, this is what we usually call one in and one out, several in and several out, which is according to the number of entrances and exits. 5、 According to the type of parking lot, it can be divided into card free parking lot management system, and the other is non card free parking lot management system; The above is the classification of several common parking lot systems. For your convenience, we also list the general parking lot system configuration list for your reference. Parking lot configuration list: 1. Control motherboard 2. Reading and writing system 3. Voice module 4. Display screen 5. Automatic card issuing machine 6. Automatic card receiving machine 4. Computer 5. Management software 6. Temporary card meter and card issuing device 7. Camera system 8. Communication adapter 9. UPS standby power supply 10. Bill printer 11 Sentry box 12, intercom system 13, parking lot embedded computer 14, anti smashing parts 15, image card 16, encryption dog 17. Ground sense, coil 18. Road gate 19. Vehicle detector 20. Card swiping chassis
Only Meeting the Parking Needs of Users Is the Long-term Plan for the Development of Parking System
Only Meeting the Parking Needs of Users Is the Long-term Plan for the Development of Parking System
At present, the parking lot system is becoming more and more competitive from product competition to brand competition to market competition. For enterprises, in the face of such fierce competition, they must master their own core technology in order to survive. Especially in this highly competitive era, only by fully meeting the needs of users can they help enterprises obtain more long-term development and improve brand clarity, Let users clearly understand the quality and brand of the gate. Brand awareness is very important for users, which can enable users to recognize products psychologically. Of course, brand awareness should have the strength of a brand and meet people's needs in terms of quality and service. Of course, for a manufacturer with a certain popularity, its product functions are more diversified, It can carry out customized development according to different needs of users. With the continuous improvement of people's living standards, parking system manufacturers need to spend more time and effort to design the appearance of products and develop some new and more advanced functions in order to meet the requirements of users. In addition, the current parking lot system is basically the same in terms of hardware equipment. For manufacturers with independent R & D ability, it is necessary to start to improve the software, which is not only conducive to the upgrading of subsequent products, but also avoid homogenization of hardware equipment with other manufacturers. Parking lot system manufacturers must win the follow-up long-term development with brand strength, further improve their product quality, provide perfect services, and attract users with their own products.
Only Meeting the Parking Needs of Users Is the Long-term Plan for the Development of Parking System
Only Meeting the Parking Needs of Users Is the Long-term Plan for the Development of Parking System
At present, the parking lot system is becoming more and more competitive from product competition to brand competition to market competition. For enterprises, in the face of such fierce competition, they must master their own core technology in order to survive. Especially in this highly competitive era, only by fully meeting the needs of users can they help enterprises obtain more long-term development and improve brand clarity, Let users clearly understand the quality and brand of the gate. Brand awareness is very important for users, which can enable users to recognize products psychologically. Of course, brand awareness should have the strength of a brand and meet people's needs in terms of quality and service. Of course, for a manufacturer with a certain popularity, its product functions are more diversified, It can carry out customized development according to different needs of users. With the continuous improvement of people's living standards, parking system manufacturers need to spend more time and effort to design the appearance of products and develop some new and more advanced functions in order to meet the requirements of users. In addition, the current parking lot system is basically the same in terms of hardware equipment. For manufacturers with independent R & D ability, it is necessary to start to improve the software, which is not only conducive to the upgrading of subsequent products, but also avoid homogenization of hardware equipment with other manufacturers. Parking lot system manufacturers must win the follow-up long-term development with brand strength, further improve their product quality, provide perfect services, and attract users with their own products.
Only Meeting the Parking Needs of Users Is the Long-term Plan for the Development of Parking System
Only Meeting the Parking Needs of Users Is the Long-term Plan for the Development of Parking System
At present, the parking lot system is becoming more and more competitive from product competition to brand competition to market competition. For enterprises, in the face of such fierce competition, they must master their own core technology in order to survive. Especially in this highly competitive era, only by fully meeting the needs of users can they help enterprises obtain more long-term development and improve brand clarity, Let users clearly understand the quality and brand of the gate. Brand awareness is very important for users, which can enable users to recognize products psychologically. Of course, brand awareness should have the strength of a brand and meet people's needs in terms of quality and service. Of course, for a manufacturer with a certain popularity, its product functions are more diversified, It can carry out customized development according to different needs of users. With the continuous improvement of people's living standards, parking system manufacturers need to spend more time and effort to design the appearance of products and develop some new and more advanced functions in order to meet the requirements of users. In addition, the current parking lot system is basically the same in terms of hardware equipment. For manufacturers with independent R & D ability, it is necessary to start to improve the software, which is not only conducive to the upgrading of subsequent products, but also avoid homogenization of hardware equipment with other manufacturers. Parking lot system manufacturers must win the follow-up long-term development with brand strength, further improve their product quality, provide perfect services, and attract users with their own products.
The Parking Cloud Platform Will Replace the Management Mode of the Traditional Parking System_ Taige
The Parking Cloud Platform Will Replace the Management Mode of the Traditional Parking System_ Taige
Since two years ago, taigewang cloud platform has entered the market, enabling people to enter the field of cloud parking. At the Expo, taigewang upgraded the cloud platform again on the basis of the intelligent parking lot system and entered the era of parking lot cloud platform 3.0, which also marks the beginning of the cloudization of parking lot and cloud parking will replace the traditional parking lot. What is cloud parking? It may be unfamiliar to many people. In short, cloud parking is the network big data management of traditional parking lots and the application of cloud computing to parking lots, breaking the bottleneck of previous parking lot management and enabling people to manage parking lots not in the same area through the Internet of things and cloud computing technology, At the same time, these scattered parking lot data are centrally managed, and cloud data mining, cloud storage, cloud license plate recognition, cloud video monitoring, cloud data exchange, cloud information release, cloud remaining parking space management, etc. are carried out through taigewang cloud platform. Cloud parking lot system mainly covers parking lot entrance and exit management, parking space management, parking fee management, etc. it has many advantages compared with traditional parking lot system management. Firstly, the cloud parking lot breaks the original information island of the traditional parking lot and truly realizes the unified management of the parking lot; Secondly, the cloud parking lot can monitor whether there is illegal gate opening in all parking lots, and put an end to arbitrary charging; Moreover, cloud parking can monitor the use of parking spaces in each parking lot, make full use of the remaining parking spaces in each parking lot, and improve the efficiency of the parking lot. Cloud parking can bring great convenience to people's life, and its profit models are also diverse. Make full use of the resources of the parking lot, which can not only improve the income of the parking lot, but also solve the parking problem of car owners. Therefore, cloud parking has obvious advantages, and it is unstoppable to replace the traditional parking lot system.
Tips and Methods to Keep Your Intelligent Parking System Clean
Tips and Methods to Keep Your Intelligent Parking System Clean
The third monitoring centre collects information from the entire system and its sensor users. Systems that have become mainstream work by stacking vehicles one after the other. They work with mechanical lifts to stack the vehicles on the available clearance, allowing more efficient use of space than with a conventional parking system.A proposed web app system called Park Easy is based on the use of smartphone sensors and surveillance techniques, where the camera uses sensors to take a photo showing the occupancy of cars parked nearby. The app assigns a specific driver the available parking space, renews the availability of the space when leaving the vehicle and calculates the fee due. It enables important technology to identify possible bottleneck routes to city parking lots, and it helps to predict and record on-site vehicle occupancy in real time.In 2016, for example, the Spanish company Urbiotica introduced an automated parking solution at the Audis plant in Ingolstadt, which employs more than 40,000 people. Data analysis and telematics allow for a smooth process of matching vehicles with parking spaces so that utilization can be optimized according to supply and demand.Real estate companies and management companies that operate parking facilities want to maximize their competitive advantage by adding services to existing parking lots. These services may include charging stations for electric vehicles, improved safety features, automated parking with sensors for lifting and placing cars, improved on-call times for vehicle maintenance and servicing, and opportunities for facilities to differentiate themselves by charging a premium. For example, cheap parking spaces can be priced in favour of customers and customers with hourly rates, free discounts for the first hour and maximum rates of two hours.Intelligent parking systems use real-time data to lead drivers through overhead sensors and digital signage to the best possible parking space. Smart Parking provides drivers with data at the point they have to make a decision, enabling them to make informed decisions about where to park, giving them time to reduce CO2 emissions and traffic congestion. Intelligent tourism contributes to making tourist destinations more attractive to visitors by using information and communication technologies to give their guests access to tourist and gastronomic products, services, spaces and experiences.The traditional technical definition of an intelligent parking system is a system that collects and provides real time data on the availability of parking spaces. Each has its own advantages and disadvantages and the selection of a particular intelligent parking system depends on the specific project requirements. Such systems involve different business logic, value-added services and technical implications, so we need to start getting the technological fundamentals right.An intelligent intelligent parking system is proposed in order to search for free and free parking spaces [1]. In this system, users have access to data to determine the availability of parking spaces and pay with their mobile phones. Cameras seem to be a rational approach, as they allow for surveillance of many parking lots.The intelligent parking algorithm presented in [6] calculates optimal parking for the user based on distance, trajectory and time. It should be noted that the algorithm is not a reservation service and depends on the availability of the place at that time.On the other hand, the Intelligent Parking System proposed by 7 authors presents the management of parking spaces in real time with the cloud as a means of communication and database. Today, many park managers and authorities receive feedback and track historical data. Ground sensors are considered a universal method for monitoring parking space occupancy.Floating parking spaces cannot be detected by floor sensors, so CleverCiti works with ceiling sensors to detect objects that are not in the room. This allows the sensor to detect and recognize cars that are occupied at the site.The current trend towards larger parking spaces is due to the increasing average vehicle size and the need for disabled parking spaces. Motorcycle parking spaces are located in areas with smaller car parking spaces. A compact vehicle with a 25% footprint results in a 5% increase in total parking capacity compared to average-sized spaces.Parking Equipment Manufacturer: Parking BoxX Parking Control Devices are used in multi-storey car parks, car parks, on and off the street and have developed unique and advanced parking control devices. Contact us to find out more about our parking solutions if you own or manage a parking space and are looking for ways to increase revenue generation through automated parking management and improved parking revenue verification. With a fully customizable gated parking system that includes BoxX ticket vending machines, BoxX exit options with numerous pay-by-foot configurations such as ticket, coin, credit, direct debit, EMC, coupon, cash station, validation station, full-time systems, multi-space parking systems and non-gated parking systems, we are able to customize your desired system functionality.Access controls can be short or long-distance readers, barcodes, magnetic stripe cards or limited to a specific time, date or date range at the entrance or exit.The Parksmart project in New York City, following the introduction of variable meter pricing, has seen increased sales and improved availability of street parking, with higher prices at peak times and lower prices after peaking in 2009.Parking and congestion are a constant source of frustration for motorists in most cities around the world, not to mention the officials charged with solving these problems. While cities are racing to introduce new technologies in the race for the glory of the Smart City, smart parking solutions are often an innovation in projects that focus on congestion first.In order to improve the mobility of cities with large and ever larger vehicle fleets, novel sensor solutions are the cornerstone of intelligent parking systems: Smart Vehicle Presence Sensors, or SPIN (V in its Spanish abbreviation). SPIN consists of a small single-board computer, distance sensors, cameras, LED indicators, buzzer and batteries that determine the status of the parking lot.
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Shenzhen TGW Technology Co.,Ltd is the leading access control solution provider for vehicle intelligent parking system, license plate recognition recognition system and pedestrian access control turnstile and face recognition terminals.
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