The France smart parking market is predicted to witness substantial growth during the forecast period. This is attributed to increase in the adoption of high-end sensors, smart meters, and smart cards, which help in optimal utilization of parking spaces, thus enhancing demand for smart parking. The non-availability of parking spaces and difficulty in finding suitable vacant spaces have been a major challenge faced by individuals. Therefore, the authorities responsible for parking are looking for solutions for guaranteeing efficient and fast parking allocation, thus propelling the growth of the market.
Furthermore, surge in demand for smart parking due to the need for efficient and easier management of parking spaces is a key factor driving the market in France. Moreover, surge in penetration of smart devices such as smartphones, in-vehicle navigation systems, and smart transport systems in the country is augmenting the need for efficient parking solutions, which, in turn, is fueling the market growth. In addition, France Government is encouraging the installation of smart parking by announcing numerous incentives for municipalities. Furthermore, increase in funding for smart parking projects in the country is driving the growth of the smart parking market. On the other hand, high cost associated with implementation of smart parking is likely to hinder growth of the market. In addition, lack of support from authorities, inadequate parking space availability, and faulty parking management techniques are identified as a major challenge for progress of the smart parking in France.
The rise in trend of connected parking solutions along with driverless vehicles technologies in France is likely to open new growth avenues for the France smart parking market. The introduction of semi-autonomous vehicles technology is contributing to the market growth as automated parking allows parking in the right place. In addition, automation of the car parking process helps in reducing manual errors and misuse. Furthermore, the government of France is focusing on investments to accelerate the development of the smart city industry across the country coupled with implementation of connected and autonomous vehicles (CAV). This is further expected to contribute toward the France smart parking market during the forecast period.
The France smart parking market is affected due competitive landscape and threat of new entrants. The Porter’s five forces analysis analyzes the competitive scenario of the France smart parking market, and the role of each stakeholder forces include the bargaining power of suppliers, the bargaining power of buyers, the threat of new entrants, the threat of substitutes, and competitive rivalry. As per analysis, the bargaining power of buyers is moderately high due to the presence of multiple players in the market. Furthermore, the threat of substitutes is observed to be moderate owing to the limited alternatives available in the market.
The France smart parking market is characterized by a highly competitive environment among key solution providers.
The key players present in the France smart parking market include Aptilo Networks, Cleverciti, Parkimeter, Parkopedia, Q-Free, Sensys Networks, Smart Parking Solution Inc., Streetline, and Urbiotica. and WCA Smart Auto Solutions.
The leading players in the France smart parking market have adopted various developmental strategies such as product launches, acquisitions, business expansions, partnerships, investment opportunities, market growth scenarios, and upcoming events to stregthen their foothold in the market. For instance, in 2016, Parkopedia entered into a partnership with INRIX, a provider of connected car services and transportation analytics in France, to integrate Parkopedia’s parking database information into INRIX’s navigation services
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In addition to established players, the France smart parking market offers opportunities for start-ups and emerging players. Some of the emerging players include Share & Charge, SpotAngels, ParkTag, ParkMe, AppyCity, SOMPO Digital, Pango, HUB Parking Technology, and VIZIBLE. These companies focus on leveraging the use of advanced technologies such as 5G and machine learning to offer customized solutions to their clients.
Product launches remain the key strategy of the leading players in the France smart parking market. For instance, in 2019, Aptilo Networks launched carrier-grade 5G CPE with secure parental control feature for providing robust network connections for mission-critical services. Similarly, Q-Free launched automatic vehicle monitoring system (AVMS) in 2018 that helps in reporting public transport performance in France. Investment in R&D activities remains the key strategy of the leading players to enhance their existing solutions and introduce new products in the market. For instance, in 2017, Cleverciti conducted research in collaboration with Fraunhofer Institute for Industrial Engineering IAO to develop a predictive pricing mechanism for parking lots in France.
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 France smart parking market.
The study assesses and ranks the top factors that are expected to impact the growth of France 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 France smart parking market segmentation assists to determine the prevailing market opportunities.
France Smart Parking Market Report Highlights
| Aspects | Details |
 Forecast period | 2022 - 2032 |
 Report Pages | 73 |
 By Type |
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 By Technology |
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 By Application |
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 By End User |
|
 Key Market Players | Q-Free, Smart Parking Solution, Urbiotica, Streetline, Parkopedia, Aptilo Networks, Sensys Networks, WCA Smart Parking Solutions, Parkimeter, Cleverciti |
The France Smart Parking Market is estimated to reach $1.8 billion by 2032
Aptilo Networks, Cleverciti, Parkimeter, Parkopedia, Q-Free, Sensys Networks, Smart Parking Solution, Streetline, Urbiotica, WCA Smart Parking Solutions are the leading players in France Smart Parking Market
1. Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
2. Analyze the key strategies adopted by major market players in france smart parking market.
3. Assess and rank the top factors that are expected to affect the growth of france smart parking market.
4. Top Player positioning provides a clear understanding of the present position of market players.
5. Detailed analysis of the france smart parking market segmentation assists to determine the prevailing market opportunities.
6. Identify key investment pockets for various offerings in the market.
France Smart Parking Market is classified as by type, by technology, by application, by end user
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