North America Smart Parking Market Analysis & Segment Forecasts, 2025 Hexa Reports | Page 2

congestions. In such situations, a PGS provides directions and accuracy in terms of parking the vehicles to the
drivers.
Further Key Findings From the Report Suggest:
• The hardware segment dominated the market in 2016 and is estimated to generate a revenue of over USD
2,185.3 million by 2025, as these components are largely deployed in various systems that provide guidance
while parking vehicles
• The signage segment is expected to grow at a CAGR of 16.6 %, as signages guide vehicles with proper
directions and help avoid confusions, thereby, improving accuracy and reducing mishaps
• The consulting services segment is expected to grow at a CAGR of 20.1% from 2017 to 2025, as companies
outsource the parking planning tasks to consultancy services that provide solutions depending on the
requirements
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• Several organizations face the issues regarding parking spaces in urban areas. In order to cater to those
problems, companies outsource these tasks to the consultancy services that provide solutions as per their
requirements
• Off-street systems are anticipated to gain traction due to the increasing congestions on streets. The segment
is expected to witness considerable growth over the forecast period and was valued at USD 672.6 million in
2016
• The government application segment for the market is estimated to reach USD 1,651.4 million by 2025
owing to its vast applications in smart city development projects initiated by government
• The key players in the market are Amano McGann.; Conduent, Inc.; Cisco Systems, Inc.; SKIDATA AG.;
Streetline, Inc.; ParkMe, Inc.; and Parkmobile LLC, among others.
Table of Contents
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Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 North America Smart Parking System Industry Outlook
Chapter 4 North America Smart Parking System Market Hardware Outlook
Chapter 5 North America Smart Parking System Market Software Outlook
Chapter 6 North America Smart Parking System Service Outlook
Chapter 7 North America Smart Parking System Type Outlook
Chapter 8 North America Smart Parking System Application Outlook
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