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The installed base of smart parking sensors reached 1.3 million units in 2019
– January 16, 2020: Berg Insight, the world’s leading M2M/IoT market
research provider, today released new findings about the smart parking
market. The installed base of wirelessly connected in-ground and
surface-mounted parking sensors reached 1.3 million worldwide in 2019.
Growing at a compound annual growth rate (CAGR) of 19.9 percent, this
number will more than double by 2023. Europe and North America together
accounted for about half of the installed base, while the Chinese
market accounted for the majority of the remainder. Prominent smart
parking markets also include Australia and New Zealand as well as the
Middle East to some extent. Overall, the private parking segment has
been quicker than cities and municipalities to adopt smart parking
technology and today accounts for the majority of the installed devices.
The world’s leading smart parking sensor provider is the Netherlands-based security and identification solutions group Nedap, which had a global market share of 16.3 percent in Q3-2019. The top three also included Chinese Fangle Technology and French SmartGrains, which both have the majority of their installed bases in their respective domestic markets. Other significant vendors include the Australasian vendors Smart Parking and Frogparking, the European companies Onesitu, Urbiotica, Worldsensing, CommuniThings and Intercomp, as well as the North American vendors CivicSmart, PNI, Fybr, Nwave Technologies and Streetline. The top 10 vendors accounted for around 50 percent of the global installed base of smart parking sensors in Q3-2019. Only a handful of companies have yet managed to establish an international presence spanning two or more regions of the world.
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About Berg Insight
Berg Insight is a dedicated M2M/IoT market research firm based in Sweden. We have been specialising in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004. Our vision is to be the most valuable source of intelligence for our customers. Berg Insight offers numerous market reports, detailed market forecast databases and advisory services. We provide custom research tailored to your requirements including focussed research papers, business case analysis, go-to-market strategies and bespoke market forecasting. We have provided analytical services to 1000 clients in 72 countries on six continents to date. Our customers range from many of the world’s largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants.
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