$535M Indian Smart Parking Market (2022-2027): With Altiux Innovations, Daimler, ParkingRhino, Siemens, and Valeo, among others

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DUBLIN, April 01, 2022–(BUSINESS WIRE)–The “India Smart Parking Market (2022-2027) by Type, Technology, Application, End User, Hardware, Service, Software Outlook, Competitive Analysis and Covid-19 Impact with Ansoff Analysis” report has been added to from ResearchAndMarkets.com offer.

India Smart Parking Market is estimated at USD 315.5 Million in 2022 and is projected to reach USD 534.28 Million by 2027, growing at a CAGR of 11.11%.

Market dynamics

Market dynamics is a force that is impacting the prices and behaviors of players in the Indian smart parking market. These forces create price signals that result from changes in the supply and demand curves for a given product or service. The forces of market dynamics can be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals.

As market dynamics impact supply and demand curves, policymakers aim to determine how best to use various financial tools to stem various strategies aimed at accelerating growth and reducing risk.

Market segmentation

  • The Indian smart parking market is segmented on the basis of type, technology, application, end-user, hardware, service, and software outlook.

  • Type, the market is categorized into Off-Street and On-Street.

  • Technology, the market is categorized into Internet of Things (IoT), Ultrasound, and RFID.

  • Application, the market is categorized into Security & Surveillance, Smart Payment Systems, Electronic Parking, and License Plate Recognition.

  • End user, the market is categorized into commercial, governmental and transportation transit.

  • Hardware, the market is categorized into washers, cameras and LPR, smart meters, signage and parking barrier.

  • Service, the market is categorized into consulting services, engineering services, and mobile application parking services.

  • Software Outlook, market is categorized into parking guidance system and analytics solution.

Company Profiles

The report provides a detailed analysis of competitors in the market. It covers the analysis of financial performance of listed companies in the market. The report also offers detailed information about recent development and competitive scenario of the companies. Some of the companies covered in this report are Altiux Innovations, BMW Group, Continental AG, Daimler AG, Flowbird, Get My Parking, Mindteck, Park Smart, ParkingRhino, Robert Bosch GmbH, RR Parkon, Secure Parking, Siemens AG, Smart City Parking, Valeo SA, ValetEZ, Volkswagen AG, etc.

Competitive quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Ansoff analysis

The report presents a detailed analysis of the Ansoff matrix for the Indian smart parking market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is ​​also used for risk analysis to understand the risk associated with each approach.

The analyst analyzes the Indian smart parking market using the Ansoff matrix to provide the best approaches a company can take to improve its position in the market.

Based on the SWOT analysis done on the industry and industry players, the analyst has designed appropriate strategies for market growth.

Main topics covered:

1 Description of the report

2 Research methodology

3 Executive summary

3.1 Presentation

3.2 Market Size, Segmentation and Outlook

4 Market dynamics

4.1 Drivers

4.1.1 Growing urbanization and spatial concerns

4.1.2 Growing Demand for Personal Vehicles

4.1.3 Automated car parks

4.1.4 Growing Adoption of IoT in Parking Lot

4.2 Constraints

4.2.1 High cost of investment and maintenance

4.3 Opportunities

4.3.1 Advancements in Smart Parking Technology

4.3.2 Development of smart cities

4.4 Challenges

4.4.1 Low Availability of Supporting Infrastructure

4.4.2 Complex technology and lack of qualified personnel

5 Market Analysis

5.1 Regulatory scenario

5.2 Porter’s Five Forces Analysis

5.3 Impact of COVID-19

5.4 Ansoff matrix analysis

6 India Smart Parking Market, by Type

6.1 Presentation

6.2 Off-street

6.3 On the street

7 India Smart Parking Market, By Technology

7.1 Presentation

7.2 Internet of Things (IoT)

7.3 Ultrasound

7.4 RFID

8 India Smart Parking Market, by Application

8.1 Presentation

8.2 Security and surveillance

8.3 Smart payment systems

8.4 Electronic parking

8.5 Recognition of license plates

9 India Smart Parking Market, By End User

9.1 Presentation

9.2 Commercial

9.3 Government

9.4 Transportation Transit

10 India Smart Parking Market, By Hardware

10.1 Presentation

10.2 Pucks

10.3 Cameras and LPRs

10.4 Smart Meters

10.5 Signage

10.6 Parking Barrier

11 India Smart Parking Market, By Service

11.1 Presentation

11.2 Consulting Services

11.3 Engineering Services

11.4 Mobile App Parking Services

12 India Smart Parking Market, by Outlook Software

12.1 Presentation

12.2 Parking guidance system

12.3 Analysis Solutions

13 Competitive landscape

13.1 Competitive Quadrant

13.2 Market Share Analysis

13.3 Strategic Initiatives

13.3.1 Mergers and Acquisitions and Investments

13.3.2 Partnerships and collaborations

13.3.3 Product Developments and Improvements

14 company profiles

  • Altux Innovations

  • BMW Group

  • Continental AG

  • Daimler S.A.

  • stream bird

  • Get my parking

  • mindtech

  • park smart

  • ParkingRhino

  • Robert Bosch GmbH

  • Parkon RR

  • Secure parking

  • Siemens AG

  • Smart urban parking

  • Valeo SA

  • ValetEZ

  • Volkswagen SA

For more information about this report visit https://www.researchandmarkets.com/r/tbqhom

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220401005251/en/

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