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

Middle East Smart Parking Market

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:

● Quarterly Update and* (only available with a corporate license, on listed price)

● 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.

● Free Upcoming Version on the Purchase of Five and Enterprise User License.

● 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)

● 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)

● Free data Pack on the Five and Enterprise User License. (Excel version of the report)

● Free Updated report if the report is 6-12 months old or older.

● 24-hour priority response*

● Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

● Additional company profiles with specific to client's interest

● Additional country or region analysis- market size and forecast

● Historic market data

● SWOT Analysis

Key Market Segments

○ Mphasis Smart Parking Solution

Scope of Middle East Smart Parking Market Report

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

2.1. CXO Perspective

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

4.1. Overview

4.1.1. Market Size and Forecast, By Type

4.2. Off-street

4.3. On-street

5.1. Overview

5.1.1. Market Size and Forecast, By Technology

5.2. Internet of Things (IoT)

5.3. Ultrasonic

5.4. RFID

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

7.1. Overview

7.1.1. Market Size and Forecast, By End User

7.2. Commercial

7.3. Government

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

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 development

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 (%