Mexico 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
The Mexico smart parking market is projected to register a substantial CAGR during the forecast period. Increase in focus on improving urban mobility and the increasing adoption of technology to facilitate simpler and smarter parking solutions are the key drivers for the market growth. During the forecast period, the Mexico smart parking market is expected to witness a substantial increase in the number of solutions implemented across the parking industry in Mexico.
Furthermore, increase in awareness among people regarding the benefits of smart parking and need to introduce automated mechanisms at parking facilities, particularly in public parks, are leading to increased investments in Mexico’s parking infrastructure. Moreover, growth of the Mexico smart parking market is driven by public policy initiatives to promote smart city development throughout Mexico and adoption of advanced technology in car parks.
Furthermore, increase in adoption of internet of things (IoT) generation and advanced sensors & controllers consisting of RFID, ultrasonic and registration code popularity, are some other predominant factors propelling the market growth. In addition, development of a comprehensive community of parking spots through smart parking structures and rise in focus on supplying smooth & handy e-parking solutions to citizens are contributing to the growth of the market. However, high costs associated with the implementation of smart parking structures is hindering market growth. Furthermore, loss of regulatory requirements and infrastructure necessities to combine smart parking structures is restraining the market growth. Contrarily, increase in demand for integrated public parking solutions across the country presents ample opportunities to the Mexico smart parking market players. The government's initiatives to set up thousands of different parking spots in public parks and open spaces is expected to help increase the uptake of IoT connected and automated parking solutions in Mexico. In addition, increase in investments in smart city projects will help IoT based smart parking market in Mexico. Furthermore, growth in demand for smart payment solutions is expected to create lucrative opportunities for vendors. In addition, smart payment solutions allow citizens to pay conveniently from their smartphones for parking spots. As people become more accustomed to smart payment systems, this technology will help the smart parking market grow in Mexico. Furthermore, rise in popularity of license plate recognition systems in Mexico is expected to present substantial opportunities to the Mexico smart parking market. These systems provide security & surveillance in congested parking areas and can identify cars from a long distance. Moreover, this technology is becoming increasingly popular in government parking lots and in commercial garages. Thus, it is expected to create significant opportunities for the market vendors in Mexico.
The Porter’s five force analysis for the Mexico smart parking market indicates a high competition between vendors. This is due to rise in variety of technological advancements inside the parking enterprise and presence of a large range of vendors offering numerous parking solutions in Mexico. Moreover, the bargaining power of buyers is high as companies are increasingly presenting numerous reductions and custom designed programs to their clients. Furthermore, the threat of substitutes is quite high due to presence of traditional parking systems and other alternative solutions. In addition, the threat of new entrants is high as the Mexico smart parking market is currently in its early stages of development with the entry barriers being relatively low.
Furthermore, need for smart parking in Mexico is anticipated to be driven by strategic location, size of the population, and an optimistic outlook on technology. Moreover, the market is expected to grow significantly owing to government initiatives and investments aimed at developing new innovative technologies and smart city projects. According to the analysis, there are several opportunities available to market players. This is due to high demand for integrated public transport solutions, rise in adoption of IoT and advanced sensor technologies, and increase in demand for smart payment systems. In addition, the Mexico market is set to create several opportunities for growth due to large number of providers who offer their services. At the same time, various challenges are limiting the growth of the Mexico smart parking market. These include high cost associated with the implementation of smart parking solutions and lack of regulatory standards for the Mexico smart parking market. To enhance their position in the Mexico smart parking market, operators are concentrating on providing new products and services that have been designed specifically for customers' needs. Moreover, suppliers are increasing their R&D investments in Mexico to implement more advanced parking facilities.
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 Mexico smart parking market.
The study assesses and ranks the top factors that are expected to impact the growth of the Mexico 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 Mexico smart parking market segmentation assists to determine the prevailing market opportunities.
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
SWOT Analysis
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
Streetline
FLO
ParkPlus
Worldline
ParkMobile
ParkMi
Parkopedia
T2 Systems
MobileTicket
IPS Group
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- 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: MEXICO 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: MEXICO 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: MEXICO 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: MEXICO 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. Streetline
- 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. FLO
- 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. ParkPlus
- 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. Worldline
- 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. ParkMobile
- 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. ParkMi
- 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. Parkopedia
- 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. T2 Systems
- 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. MobileTicket
- 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. IPS Group
- 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. MEXICO SMART PARKING MARKET, BY TYPE, 2022-2032 ($MILLION)
- TABLE 02. MEXICO SMART PARKING MARKET, BY TECHNOLOGY, 2022-2032 ($MILLION)
- TABLE 03. MEXICO SMART PARKING MARKET, BY APPLICATION, 2022-2032 ($MILLION)
- TABLE 04. MEXICO SMART PARKING MARKET, BY END USER, 2022-2032 ($MILLION)
- TABLE 05. STREETLINE: KEY EXECUTIVES
- TABLE 06. STREETLINE: COMPANY SNAPSHOT
- TABLE 07. STREETLINE: OPERATING SEGMENTS
- TABLE 08. STREETLINE: PRODUCT PORTFOLIO
- TABLE 09. STREETLINE: KEY STRATERGIES
- TABLE 10. FLO: KEY EXECUTIVES
- TABLE 11. FLO: COMPANY SNAPSHOT
- TABLE 12. FLO: OPERATING SEGMENTS
- TABLE 13. FLO: PRODUCT PORTFOLIO
- TABLE 14. FLO: KEY STRATERGIES
- TABLE 15. PARKPLUS: KEY EXECUTIVES
- TABLE 16. PARKPLUS: COMPANY SNAPSHOT
- TABLE 17. PARKPLUS: OPERATING SEGMENTS
- TABLE 18. PARKPLUS: PRODUCT PORTFOLIO
- TABLE 19. PARKPLUS: KEY STRATERGIES
- TABLE 20. WORLDLINE: KEY EXECUTIVES
- TABLE 21. WORLDLINE: COMPANY SNAPSHOT
- TABLE 22. WORLDLINE: OPERATING SEGMENTS
- TABLE 23. WORLDLINE: PRODUCT PORTFOLIO
- TABLE 24. WORLDLINE: KEY STRATERGIES
- TABLE 25. PARKMOBILE: KEY EXECUTIVES
- TABLE 26. PARKMOBILE: COMPANY SNAPSHOT
- TABLE 27. PARKMOBILE: OPERATING SEGMENTS
- TABLE 28. PARKMOBILE: PRODUCT PORTFOLIO
- TABLE 29. PARKMOBILE: KEY STRATERGIES
- TABLE 30. PARKMI: KEY EXECUTIVES
- TABLE 31. PARKMI: COMPANY SNAPSHOT
- TABLE 32. PARKMI: OPERATING SEGMENTS
- TABLE 33. PARKMI: PRODUCT PORTFOLIO
- TABLE 34. PARKMI: KEY STRATERGIES
- TABLE 35. PARKOPEDIA: KEY EXECUTIVES
- TABLE 36. PARKOPEDIA: COMPANY SNAPSHOT
- TABLE 37. PARKOPEDIA: OPERATING SEGMENTS
- TABLE 38. PARKOPEDIA: PRODUCT PORTFOLIO
- TABLE 39. PARKOPEDIA: KEY STRATERGIES
- TABLE 40. T2 SYSTEMS: KEY EXECUTIVES
- TABLE 41. T2 SYSTEMS: COMPANY SNAPSHOT
- TABLE 42. T2 SYSTEMS: OPERATING SEGMENTS
- TABLE 43. T2 SYSTEMS: PRODUCT PORTFOLIO
- TABLE 44. T2 SYSTEMS: KEY STRATERGIES
- TABLE 45. MOBILETICKET: KEY EXECUTIVES
- TABLE 46. MOBILETICKET: COMPANY SNAPSHOT
- TABLE 47. MOBILETICKET: OPERATING SEGMENTS
- TABLE 48. MOBILETICKET: PRODUCT PORTFOLIO
- TABLE 49. MOBILETICKET: KEY STRATERGIES
- TABLE 50. IPS GROUP: KEY EXECUTIVES
- TABLE 51. IPS GROUP: COMPANY SNAPSHOT
- TABLE 52. IPS GROUP: OPERATING SEGMENTS
- TABLE 53. IPS GROUP: PRODUCT PORTFOLIO
- TABLE 54. IPS GROUP: KEY STRATERGIES
- LIST OF FIGURES
- FIGURE 01. MEXICO SMART PARKING MARKET, 2022-2032
- FIGURE 02. SEGMENTATION OF MEXICO SMART PARKING MARKET, 2022-2032
- FIGURE 03. TOP INVESTMENT POCKETS IN MEXICO 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: MEXICO SMART PARKING MARKET
- FIGURE 10. MEXICO SMART PARKING MARKET,BY TYPE, 2022 ($MILLION)
- FIGURE 11. MEXICO SMART PARKING MARKET,BY TECHNOLOGY, 2022 ($MILLION)
- FIGURE 12. MEXICO SMART PARKING MARKET,BY APPLICATION, 2022 ($MILLION)
- FIGURE 13. MEXICO SMART PARKING MARKET,BY END USER, 2022 ($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: MEXICO SMART PARKING MARKET
- FIGURE 20. TOP PLAYER POSITIONING, 2022
- FIGURE 21. STREETLINE: NET SALES, 2020-2022* ($MILLION)
- FIGURE 22. STREETLINE: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 23. STREETLINE: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 24. FLO: NET SALES, 2020-2022* ($MILLION)
- FIGURE 25. FLO: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 26. FLO: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 27. PARKPLUS: NET SALES, 2020-2022* ($MILLION)
- FIGURE 28. PARKPLUS: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 29. PARKPLUS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 30. WORLDLINE: NET SALES, 2020-2022* ($MILLION)
- FIGURE 31. WORLDLINE: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 32. WORLDLINE: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 33. PARKMOBILE: NET SALES, 2020-2022* ($MILLION)
- FIGURE 34. PARKMOBILE: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 35. PARKMOBILE: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 36. PARKMI: NET SALES, 2020-2022* ($MILLION)
- FIGURE 37. PARKMI: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 38. PARKMI: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 39. PARKOPEDIA: NET SALES, 2020-2022* ($MILLION)
- FIGURE 40. PARKOPEDIA: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 41. PARKOPEDIA: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 42. T2 SYSTEMS: NET SALES, 2020-2022* ($MILLION)
- FIGURE 43. T2 SYSTEMS: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 44. T2 SYSTEMS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 45. MOBILETICKET: NET SALES, 2020-2022* ($MILLION)
- FIGURE 46. MOBILETICKET: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 47. MOBILETICKET: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 48. IPS GROUP: NET SALES, 2020-2022* ($MILLION)
- FIGURE 49. IPS GROUP: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 50. IPS GROUP: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
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