Which Companies Are Driving the Smart Parking Systems Market?

• Published Date: May 16, 2024

What are Smart Parking Systems?

Looking for a parking space in a busy city is a big stress many drivers or vehicle owners have to face. However, this is changing with the arrival of smart solutions.

Smart parking systems, because of digitalization, are starting to provide solutions for urban mobility. Through sensor technology and the Internet of Things, this system offers real-time information regarding parking availability as well as road or traffic conditions.

The smart parking systems industry was valued at USD 7,956.2 million in 2023, which will increase to USD 32,278.3 million in 2030.

Now, let’s look at some major companies in the smart parking systems market.

Amano Corporation

Establishment: 1931

Headquarters: Japan

Website: www.amano.co.

Amano Corporation delivers solutions that allow effective utilization of time, coupled with environmentally friendly products and services that shape a carefree & safe workplace.

Amano Corporation started its parking business in 1967. Presently the company offers parking equipment & cloud services, along with maintenance and management. By delivering a one-stop service, the company assists in the creation of comfortable cities for people and cars.

Moreover, in the financial year 2022, Amano Corporation reported a revenue of JPY 64,708 million from its parking system business division.

Robert Bosch GmbH

Establishment: 1886

Headquarters: Germany

Website: www.bosch.com

Robert Bosch GmbH is a German multinational engineering & technology company. The main operating areas of the company are spread across 4 business sectors: consumer goods (counting power tools and household appliances), mobility (software and hardware), energy & building technology, and industrial technology (counting drive & control).

The company offers different solutions for parking, such as community-based/connected parking and automated parking solutions. Moreover, the company reported a sales revenue of EUR 88,201 million in 2022.

Barcelona Smart Technologies, S.L. (URBIOTICA)

Establishment: 2008

Headquarters: Spain

Website: urbiotica.com

Barcelona Smart Technologies, S.L. (URBIOTICA) is a major player in AIoT for smart parking. The company focuses on digitizing parking management, to accomplish sustainable mobility. The company offers “Fastprk” (which notifies drivers regarding parking occupancy to decrease cruising traffic) and “Parkctrl” (which enhances curbside enforcement).

Smart Parking Ltd.

Establishment: 2006

Headquarters: Australia

Website: www.smartparking.com

Smart Parking Ltd. is a technology innovator in the parking management sector. The company has offices in Germany, the U.K., New Zealand, and Australia, and focuses on bringing its integrated smart parking services to the world. 

The company's managed services division operates as well as manages numerous car park spaces via complementary automatic number plate recognition/license plate recognition technology. This can be employed as one solution or with the possibility to be integrated with Pay on Foot technology. Moreover, in 2023, Smart Parking Ltd. reported a revenue of AUD 45.2 million. 

KAPSCH-Group Beteiligungs GmbH

Establishment: 1892

Headquarters: Austria

Website: www.kapsch.net

Kapsch is a major technology company. Kapsch Group has many subsidiaries including the flagship company Kapsch TrafficCom. Kapsch TrafficCom provides advanced solutions for traffic as well as transport. 

In the areas of traffic management, tolling, smart urban mobility, connected vehicles, and road safety, Kapsch TrafficCom produces systems for sustainable mobility. Moreover, Kapsch TrafficCom reported revenue of EUR 400 million for the first three quarters of 2023/24.

IPS Group Inc.

Establishment: 1994

Headquarters: U.S.

Website: ipsgroupinc.com

IPS Group Inc. provides smart parking solutions for advanced cities. The company’s technology puts data management, complex analytics, and smart meters at the fingertips of its consumers. 

The IPS solution is wireless, flawlessly integrating with present infrastructure and third-party applications to produce a single powerful system. The company's specialty includes a web-based management system, parking meters, pay stations, and parking enforcement.

Nedap N.V.

Establishment: 1929

Headquarters: Netherlands

Website: nedap.com

Nedap N.V. is a multinational technology company. It has subsidiaries in Belgium, the U.S., the U.K., Germany, France, Spain, and the Netherlands. Nedap N.V. develops as well as supplies technologies in the area of vehicle & people identification, farm automation, access control systems, software for healthcare, flextime working, and management; and RFID systems for loss prevention & stock management.

Moreover, the company reported revenue of EUR 262.4 million in 2023, which is a growth of 14% from 2022.

Siemens AG

Establishment: 1847

Headquarters: Germany

Website: www.siemens.com

Siemens AG is a German multinational technology corporation. Its business includes digitalization and automation in the manufacturing and process sectors, rail transport solutions, health technology & digital healthcare services, and intelligent infrastructure for buildings & distributed energy systems.

Siemens AG smart parking solutions include Desigo CC, Integrated Smart Parking Solution, E-Car Operation Center (E-Car OC), and Parking meters. Moreover, the company reported revenue of EUR 77,769 million in 2023, and the company also spent EUR 6,183 million on R&D in the same year.

Valeo SA

Establishment: 1923

Headquarters: France

Website: www.valeo.com

Valeo SA functions as a technology business as well as a partner to all automakers & new mobility players, the company innovates to make mobility safer, smarter, and cleaner. Valeo is a major player in driving assistance systems, reinvention of the interior experience, lighting, and electrification. 

The company's smart parking solution includes automated parking assistance and enhanced automated driving system. In October 2023, the company reported third-quarter sales of EUR 5.2 billion. Moreover, the companies operate in 29 nations and have 183 plants, 44 development centers, 21 research centers, and 18 distribution platforms.

EasyPark Group 

Establishment: 1999

Headquarters: Sweden

Website: easyparkgroup.com

EasyPark Group assists drivers save time as well as money by finding and managing parking as well as EV charging. It enables parking operators, businesses, cities, or property owners to manage, plan, and take data-driven measures. The company owns & develops the applications ParkMobile, EasyPark, Park-line, and RingGo, and operates globally.

Moreover, the company has market coverage in more than 20 nations and over 4,000 cities. Furthermore, with around 45 million yearly users, the company has had an annual transaction increase of 60% and an annual revenue growth of 45% CAGR between 2018–2022.