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Middle East Smart Parking Market By Type (Off-street, On-street), By Technology (Internet of Things (IoT), Ultrasonic, RFID), By Application (Security and surveillance, Smart payment systems, E-parking, License plate recognition), By End User (Commercial, Government): Opportunity Analysis and Industry Forecast, 2023-2032
Market Report I 2023-05-01 I 77 Pages I Allied Market Research
The governments of several countries in the region are using innovative and advanced technologies to provide smart parking solutions for cashless and reliable payments options. The Middle East smart parking solutions offer convenience & cost-effective, and hassle-free parking, which benefits the government and private parking spaces through effective data management, enabling better management of parking spaces. In addition, increase in demand for connected devices, such as sensors and wireless networks for vehicle parking is a key factor driving the growth of the Middle East smart parking market. This has resulted in the adoption of smart parking solutions in the country. Moreover, rise in urbanization has resulted in increase in demand for smart parking solutions, as many companies have adopted cloud computing technologies to store their data and manage advance functions. On the contrary, the market growth is anticipated to be hindered by high installation costs for smart parking solutions in the Middle East.
Various governments have started to implement initiatives for engaging citizens through their smart city infrastructure. As part of such initiatives, smart parking solutions will be implemented in Middle East nations to improve the traffic flow, enhance safety for people, and control pollution. Moreover, increase in need for better parking management and traffic congestion management is a factor driving the growth of the Middle East smart parking market.
In addition, many companies in the region offer real-time data analytics, which results in efficient traffic management. This will create numerous opportunities for the Middle East smart parking market growth. Implementation of smart parking solutions requires significant investments from governments and private corporations. Moreover, high operational and maintenance cost associated with these solutions is a major restraining factor for the growth of the Middle East smart parking market. Furthermore, these solutions require complex infrastructure and availability of reliable networks for uninterrupted functioning, which can be a restricting factor for its implementation. The market is witnessing surge in new product developments and launches in the region. In addition, manufacturers are focusing on developing innovative and advanced products that are enabled with multiple features.
Moreover, they are expanding their offerings using different technologies such as Radio frequency identity (RFID) and Internet of Things (IoT). This is supporting them to benefit competitive part in edge of price and quality. This increase in the product offerings allows consumers to choose the best products as per their requirements.
In addition, for the development of smart parking solutions that are cost effective and superior quality, a wide variety of companies invest significantly in R&D initiatives. Their aim is to enhance consumers through a variety of innovations, for instance by offering them options for innovation in the field of payments like cashless payment on mobile phones.
Moreover, various suppliers of smart parking solutions are concentrating on enhancing user experience by providing functionalities like self-driving mode, automation payment, and automatic reminders about available spaces. With increase in number of smart parking systems, the market is expected to grow significantly over the next few years owing to rise in the trend from consumers and end users. Vendors are highly focused on product price to compete in the Middle East smart parking market. Different strategies are adopted by companies such as cost leadership strategies and differentiated pricing. To reduce their total costs of goods and services companies offer discounts to consumers. For instance, to enhance their brand loyalty, companies offer discounts with respect to installation costs for smart parking solutions.
The porter's five force analysis is an important tool for understanding the forces at play in a particular industry and it can be used to assess the competitiveness of the market. The five-force model is comprised of the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of rivalry. The bargaining power of buyers in the Middle East smart parking market is moderate, as there are numerous players in the region, and consumers can switch from one supplier to another, offering similar products and services. Moreover, consumers in the region are aware of price levels in the Middle East smart parking market, and they leverage their position when it comes to bargaining for better deals. The bargaining power of suppliers in the Middle East smart parking market is moderate and there are numerous suppliers in the region.
In addition, consumers can switch to another supplier if they are offered products and services at affordable price. Moreover, vendors in the region are increasing their product range and are offering better and cheaper products to compete in the Middle East smart parking market.
Key Benefits for Stakeholders
The report highlights the market analysis based on current trends and future estimations.
It analyzes the key strategies adopted by major market players in the Middle East smart parking market.
The study assesses and ranks the top factors that are expected to impact the growth of the Middle East smart parking market.
It Identifies the top investment pockets in the market.
Top player positioning provides a clear understanding of the present position of market players.
Detailed analysis of the Middle East smart parking market segmentation assists to determine the prevailing market opportunities.
Additional benefits you will get with this purchase are:
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Key Market Segments
By Type
- Off-street
- On-street
By Technology
- Internet of Things (IoT)
- Ultrasonic
- RFID
By Application
- Security and surveillance
- Smart payment systems
- E-parking
- License plate recognition
By End User
- Commercial
- Government
- Key Market Players
- Qurasense
- Park Bahrain
- Smart Parkz
- SpotOn Parking Solutions
- Parking Networks
- Beema
- VINCI Park
- ParkMe
- ParkAssist
- Mphasis Smart Parking Solutions
CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits to the Stakeholders
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.3. Porter's Five Forces Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: MIDDLE EAST SMART PARKING MARKET, BY TYPE
4.1. Overview
4.1.1. Market Size and Forecast, By Type
4.2. Off-street
4.3. On-street
CHAPTER 5: MIDDLE EAST SMART PARKING MARKET, BY TECHNOLOGY
5.1. Overview
5.1.1. Market Size and Forecast, By Technology
5.2. Internet of Things (IoT)
5.3. Ultrasonic
5.4. RFID
CHAPTER 6: MIDDLE EAST SMART PARKING MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market Size and Forecast, By Application
6.2. Security and surveillance
6.3. Smart payment systems
6.4. E-parking
6.5. License plate recognition
CHAPTER 7: MIDDLE EAST SMART PARKING MARKET, BY END USER
7.1. Overview
7.1.1. Market Size and Forecast, By End User
7.2. Commercial
7.3. Government
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. Qurasense
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. Park Bahrain
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.2.7. Key strategic moves and developments
9.3. Smart Parkz
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. SpotOn Parking Solutions
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. Parking Networks
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. Beema
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.6.7. Key strategic moves and developments
9.7. VINCI Park
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.7.7. Key strategic moves and developments
9.8. ParkMe
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.8.7. Key strategic moves and developments
9.9. ParkAssist
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.9.7. Key strategic moves and developments
9.10. Mphasis Smart Parking Solutions
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
9.10.7. Key strategic moves and developments
LIST OF TABLES
TABLE 01. MIDDLE EAST SMART PARKING MARKET, BY TYPE, 2022-2032 ($MILLION)
TABLE 02. MIDDLE EAST SMART PARKING MARKET, BY TECHNOLOGY, 2022-2032 ($MILLION)
TABLE 03. MIDDLE EAST SMART PARKING MARKET, BY APPLICATION, 2022-2032 ($MILLION)
TABLE 04. MIDDLE EAST SMART PARKING MARKET, BY END USER, 2022-2032 ($MILLION)
TABLE 05. QURASENSE: KEY EXECUTIVES
TABLE 06. QURASENSE: COMPANY SNAPSHOT
TABLE 07. QURASENSE: OPERATING SEGMENTS
TABLE 08. QURASENSE: PRODUCT PORTFOLIO
TABLE 09. QURASENSE: KEY STRATERGIES
TABLE 10. PARK BAHRAIN: KEY EXECUTIVES
TABLE 11. PARK BAHRAIN: COMPANY SNAPSHOT
TABLE 12. PARK BAHRAIN: OPERATING SEGMENTS
TABLE 13. PARK BAHRAIN: PRODUCT PORTFOLIO
TABLE 14. PARK BAHRAIN: KEY STRATERGIES
TABLE 15. SMART PARKZ: KEY EXECUTIVES
TABLE 16. SMART PARKZ: COMPANY SNAPSHOT
TABLE 17. SMART PARKZ: OPERATING SEGMENTS
TABLE 18. SMART PARKZ: PRODUCT PORTFOLIO
TABLE 19. SMART PARKZ: KEY STRATERGIES
TABLE 20. SPOTON PARKING SOLUTIONS: KEY EXECUTIVES
TABLE 21. SPOTON PARKING SOLUTIONS: COMPANY SNAPSHOT
TABLE 22. SPOTON PARKING SOLUTIONS: OPERATING SEGMENTS
TABLE 23. SPOTON PARKING SOLUTIONS: PRODUCT PORTFOLIO
TABLE 24. SPOTON PARKING SOLUTIONS: KEY STRATERGIES
TABLE 25. PARKING NETWORKS: KEY EXECUTIVES
TABLE 26. PARKING NETWORKS: COMPANY SNAPSHOT
TABLE 27. PARKING NETWORKS: OPERATING SEGMENTS
TABLE 28. PARKING NETWORKS: PRODUCT PORTFOLIO
TABLE 29. PARKING NETWORKS: KEY STRATERGIES
TABLE 30. BEEMA: KEY EXECUTIVES
TABLE 31. BEEMA: COMPANY SNAPSHOT
TABLE 32. BEEMA: OPERATING SEGMENTS
TABLE 33. BEEMA: PRODUCT PORTFOLIO
TABLE 34. BEEMA: KEY STRATERGIES
TABLE 35. VINCI PARK: KEY EXECUTIVES
TABLE 36. VINCI PARK: COMPANY SNAPSHOT
TABLE 37. VINCI PARK: OPERATING SEGMENTS
TABLE 38. VINCI PARK: PRODUCT PORTFOLIO
TABLE 39. VINCI PARK: KEY STRATERGIES
TABLE 40. PARKME: KEY EXECUTIVES
TABLE 41. PARKME: COMPANY SNAPSHOT
TABLE 42. PARKME: OPERATING SEGMENTS
TABLE 43. PARKME: PRODUCT PORTFOLIO
TABLE 44. PARKME: KEY STRATERGIES
TABLE 45. PARKASSIST: KEY EXECUTIVES
TABLE 46. PARKASSIST: COMPANY SNAPSHOT
TABLE 47. PARKASSIST: OPERATING SEGMENTS
TABLE 48. PARKASSIST: PRODUCT PORTFOLIO
TABLE 49. PARKASSIST: KEY STRATERGIES
TABLE 50. MPHASIS SMART PARKING SOLUTIONS: KEY EXECUTIVES
TABLE 51. MPHASIS SMART PARKING SOLUTIONS: COMPANY SNAPSHOT
TABLE 52. MPHASIS SMART PARKING SOLUTIONS: OPERATING SEGMENTS
TABLE 53. MPHASIS SMART PARKING SOLUTIONS: PRODUCT PORTFOLIO
TABLE 54. MPHASIS SMART PARKING SOLUTIONS: KEY STRATERGIES
LIST OF FIGURES
FIGURE 01. MIDDLE EAST SMART PARKING MARKET, 2022-2032
FIGURE 02. SEGMENTATION OF MIDDLE EAST SMART PARKING MARKET, 2022-2032
FIGURE 03. TOP INVESTMENT POCKETS IN MIDDLE EAST SMART PARKING MARKET (2023-2032)
FIGURE 04. PORTER FIVE-1
FIGURE 05. PORTER FIVE-2
FIGURE 06. PORTER FIVE-3
FIGURE 07. PORTER FIVE-4
FIGURE 08. PORTER FIVE-5
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: MIDDLE EAST SMART PARKING MARKET
FIGURE 10. MIDDLE EAST SMART PARKING MARKET,BY TYPE, 2022 ($MILLION)
FIGURE 11. MIDDLE EAST SMART PARKING MARKET,BY TECHNOLOGY, 2022 ($MILLION)
FIGURE 12. MIDDLE EAST SMART PARKING MARKET,BY APPLICATION, 2022 ($MILLION)
FIGURE 13. MIDDLE EAST SMART PARKING MARKET,BY END USER, 2022 ($MILLION)
FIGURE 14. TOP WINNING STRATEGIES, BY YEAR
FIGURE 15. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 16. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 17. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 18. COMPETITIVE DASHBOARD
FIGURE 19. COMPETITIVE HEATMAP: MIDDLE EAST SMART PARKING MARKET
FIGURE 20. TOP PLAYER POSITIONING, 2022
FIGURE 21. QURASENSE: NET SALES, 2020-2022*($MILLION)
FIGURE 22. QURASENSE: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 23. QURASENSE: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 24. PARK BAHRAIN: NET SALES, 2020-2022*($MILLION)
FIGURE 25. PARK BAHRAIN: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 26. PARK BAHRAIN: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 27. SMART PARKZ: NET SALES, 2020-2022*($MILLION)
FIGURE 28. SMART PARKZ: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 29. SMART PARKZ: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 30. SPOTON PARKING SOLUTIONS: NET SALES, 2020-2022*($MILLION)
FIGURE 31. SPOTON PARKING SOLUTIONS: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 32. SPOTON PARKING SOLUTIONS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 33. PARKING NETWORKS: NET SALES, 2020-2022*($MILLION)
FIGURE 34. PARKING NETWORKS: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 35. PARKING NETWORKS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 36. BEEMA: NET SALES, 2020-2022*($MILLION)
FIGURE 37. BEEMA: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 38. BEEMA: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 39. VINCI PARK: NET SALES, 2020-2022*($MILLION)
FIGURE 40. VINCI PARK: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 41. VINCI PARK: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 42. PARKME: NET SALES, 2020-2022*($MILLION)
FIGURE 43. PARKME: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 44. PARKME: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 45. PARKASSIST: NET SALES, 2020-2022*($MILLION)
FIGURE 46. PARKASSIST: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 47. PARKASSIST: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
FIGURE 48. MPHASIS SMART PARKING SOLUTIONS: NET SALES, 2020-2022*($MILLION)
FIGURE 49. MPHASIS SMART PARKING SOLUTIONS: REVENUE SHARE, BY SEGMENT, 2022 (%)
FIGURE 50. MPHASIS SMART PARKING SOLUTIONS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
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