Philippines Smart Parking Systems Market Size & Outlook
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Philippines smart parking systems market highlights
- The Philippines smart parking systems market generated a revenue of USD 56.7 million in 2023 and is expected to reach USD 260.5 million by 2030.
- The Philippines market is expected to grow at a CAGR of 24.3% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
Smart parking systems market data book summary
| Market revenue in 2023 | USD 56.7 million |
| Market revenue in 2030 | USD 260.5 million |
| Growth rate | 24.3% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Service |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
| Key market players worldwide | Amano Corp, Cisco Systems Inc, CivicSmart, Meter Feeder, Nedap NV Ordinary Shares, Park Assist, Robert Bosch Engineering & Business Solutions, Siemens AG, SpotHero, Altiux, Amcor PLC, Bayerische Motoren Werke AG ADR, ParkMobile, Deteq, Flowbird Group, Gtechna, INDECT Electronics and Distribution, Kapsch Group, Libelium, Mindteck, Municipal Parking Services, ParkHelp, ParkJockey, ParkMe, SKIDATA, Smart Parking Ltd, SWARCO, Urbiotica |
Other key industry trends
- In terms of revenue, Philippines accounted for 0.8% of the global smart parking systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China smart parking systems market is projected to lead the regional market in terms of revenue in 2030.
- Vietnam is the fastest growing regional market in Asia Pacific and is projected to reach USD 282.6 million by 2030.
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Smart Parking Systems Market Scope
Smart Parking Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Urbiotica | View profile | 11-50 | Barcelona, Catalonia, Spain, Europe | http://www.urbiotica.com |
| SWARCO | View profile | 5001-10000 | Wattens, Tirol, Austria, Europe | https://www.swarco.com/ |
| Smart Parking Ltd | View profile | 501-1000 | Melbourne, Victoria, Australia, Oceania | http://www.smartparking.com/ |
| SKIDATA | View profile | 1001-5000 | Grödig, Salzburg, Austria, Europe | http://www.skidata.com |
| ParkMe | View profile | 11-50 | Santa Monica, California, United States, North America | http://www.parkme.com |
| ParkJockey | View profile | 11-50 | Miami, Florida, United States, North America | https://www.parkjockey.com/en-us/ |
| ParkHelp | View profile | 11-50 | Boerne, Texas, United States, North America | https://www.parkhelp.com |
| Municipal Parking Services | View profile | 11-50 | Minnetonka, Minnesota, United States, North America | https://www.mpsintelligentinfrastructure.com/ |
| Mindteck | View profile | 501-1000 | Bangalore, Karnataka, India, Asia | https://www.mindteck.com |
| Libelium | View profile | 11-50 | Zaragoza, Aragon, Spain, Europe | http://www.libelium.com |
| INDECT Electronics and Distribution | View profile | 11-50 | Wiener Neudorf, Niederosterreich, Austria, Europe | https://indect.com/ |
| Gtechna | View profile | 101-250 | Montréal, Quebec, Canada, North America | https://www.gtechna.com/ |
| Flowbird Group | View profile | 1001-5000 | Paris, Ile-de-France, France, Europe | https://www.flowbird.group/ |
| Deteq | View profile | 11-50 | Quinzano D'oglio, Lombardia, Italy, Europe | https://www.deteq.com |
| ParkMobile | View profile | 101-250 | Atlanta, Georgia, United States, North America | https://parkmobile.io |
| Altiux | View profile | 11-50 | Bangalore, Karnataka, India, Asia | http://altiux.com |
| Kapsch Group | View profile | 1001-5000 | Vienna, Wien, Austria, Europe | https://www.kapsch.net/ |
| SpotHero | View profile | 101-250 | Chicago, Illinois, United States, North America | http://www.spothero.com |
| Park Assist | View profile | 101-250 | New York, New York, United States, North America | http://www.parkassist.com/ |
| Meter Feeder | View profile | 1-10 | Braddock, Pennsylvania, United States, North America | https://www.meterfeeder.com/ |
| CivicSmart | View profile | 11-50 | Milwaukee, Wisconsin, United States, North America | http://www.CivicSmart.com |
| Amano Corp | View profile | 5083 | 275 Mamedocho, Kohoku-ku, Yokohama, Kanagawa, Japan, 222-8558 | http://www.amano.co.jp |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Bayerische Motoren Werke AG ADR | View profile | 154950 | Petuelring 130, Munich, BY, Germany, 80809 | https://www.bmwgroup.com |
| Nedap NV Ordinary Shares | View profile | 1013 | Parallelweg 2, DC Groenlo, Netherlands, 7141 | http://www.nedap.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Amcor PLC | View profile | 41000 | 83 Tower Road North, Warmley, Bristol, United Kingdom, BS30 8XP | https://www.amcor.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
Philippines smart parking systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart parking systems market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 53.44% in 2023. Horizon Databook has segmented the Philippines smart parking systems market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the Philippines smart parking systems market , including forecasts for subscribers. This country databook contains high-level insights into Philippines smart parking systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Philippines smart parking systems market size, by component, 2018-2030 (US$M)
Philippines Smart Parking Systems Market Outlook Share, 2023 & 2030 (US$M)
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