Connect with us

Technology

Smart Parking Market in Western Europe to Grow by USD 2.63 Billion (2024-2028) Driven by AI and Advanced Technologies – Technavio Report

Published

on

NEW YORK, Sept. 11, 2024 /PRNewswire/ — Report with the AI impact on market trends- The smart parking market size in Western Europe is estimated to grow by USD 2.63 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  18.03%  during the forecast period. Integration of advanced technologies in smart parking is driving market growth, with a trend towards integration of ev charging stations with smart parking systems. However, data privacy and security issues in smart parking  poses a challenge. Key market players include APCOA PARKING Holdings GmbH, Cleverciti Systems GmbH., DESIGNA, DextraData GmbH, EasyPark AB, FAAC S.P.A., Flowbird SAS, INRIX Inc., Intercomp Spa, Kudelski SA, Nedap NV, OTRA Solutions BV, Peter Park System GmbH, Q-Park, Robert Bosch GmbH, Scheidt and Bachmann GmbH, Siemens AG, Smart Parking Ltd, SWARCO AG, URBIOTICA, and Volkswagen AG.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Smart Parking Market In Western Europe Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 18.03%

Market growth 2024-2028

USD 2632.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

17.15

Regional analysis

Western Europe

Performing market contribution

Western Europe at 100%

Key countries

Germany, UK, and France

Key companies profiled

APCOA PARKING Holdings GmbH, Cleverciti Systems GmbH., DESIGNA, DextraData GmbH, EasyPark AB, FAAC S.P.A., Flowbird SAS, INRIX Inc., Intercomp Spa, Kudelski SA, Nedap NV, OTRA Solutions BV, Peter Park System GmbH, Q-Park, Robert Bosch GmbH, Scheidt and Bachmann GmbH, Siemens AG, Smart Parking Ltd, SWARCO AG, URBIOTICA, and Volkswagen AG

Market Driver

In Western Europe, the integration of electric vehicle (EV) charging stations within smart parking systems is addressing the increasing demand for EV infrastructure. Smart parking spaces are now equipped with sensors to detect occupancy and charging status, enabling real-time data management. Drivers can use mobile applications to locate available parking spots with charging stations, make reservations, and manage payments. Cities and private operators support the growth of EVs by providing accessible charging infrastructure, contributing to environmental sustainability goals. Siemens AG’s E-Car Operation Centre (E-Car OC) software manages charging infrastructure in public parking garages and lots, allowing flexible and future-proof management of charging stations from various manufacturers. SKIDATA AG offers integrated EV charging solutions for smart parking facilities, attracting more EV drivers and generating additional revenue. In March 2022, SKIDATA AG launched an integrated solution named “Charge,” combining ePlug charging stations with the ‘Parking.Logic’ smart management system, enabling customers to pay for parking and charging together. These advancements support the growing demand for EV charging infrastructure, enhance user convenience, and contribute to sustainable urban mobility, driving the growth of the smart parking market in Western Europe. 

The Smart Parking Market in Western Europe is witnessing significant growth due to the increasing demand for efficient parking solutions in commercial and residential complexes. Smart city initiatives, parking guidance systems, and reservation systems are trending in this market. Residential buildings, hospitals, hotels, shopping centers, universities, and parking garages are major users of these solutions. SMS and live updates provide convenience for parking operations. Autonomous cars and driverless vehicles are expected to increase the demand for smart parking systems. RFID tags and License Plate Recognition are commonly used for identification. The BirdWatch parking system and IoT-based cloud platform offer analytics solutions for optimizing parking operations. OEMs, municipalities, and urban areas are investing in ultrasonic sensors and RFID technology for off-street parking. The commercial and government segments are the major consumers in this market. Vehicle sales and the urban population growth are driving factors.

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

Smart parking systems in Western Europe utilize sensors, cameras, license plate recognition technology, and mobile applications to collect and process vast amounts of data, including personal and vehicle information, location data, and payment details. This data raises significant privacy and security concerns. Transparency and explicit user consent are essential for complying with regulations like the General Data Protection Regulation (GDPR). Encryption of data transmitted between sensors, mobile applications, and central servers is necessary to prevent interception by malicious actors. Network security measures are required to protect against hacking and unauthorized access. Continuous vehicle tracking and data collection can lead to privacy concerns and potential misuse. In 2023, EasyPark AB reported a data breach, affecting an undisclosed number of its members, highlighting the vulnerability of smart parking systems to cyberattacks and the importance of security measures. These factors may hinder the growth of the smart parking market in Western Europe during the forecast period.The Smart Parking Market in Western Europe is experiencing significant growth due to the increasing demand for efficient and convenient parking solutions. Challenges in this market include managing parking spaces effectively with parking management solutions, installing automated pay stations, and implementing advanced parking garages with Guided Park Assist, parking sensors, and display units. Other challenges include ensuring security and surveillance, managing parking reservations and valet parking, and integrating intelligent parking systems with hardware components like radar sensors, image sensors, and LED signaling. Real-time data information is crucial for guiding vehicles to nearby vacant parking spaces using smart mobile applications and parking guidance systems. Off-street parking, shopping malls, airports, and traffic congestion are key areas where smart parking solutions are being adopted. Vehicles can now easily reserve, pay, and check availability using wireless technology and mobile applications.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview

This smart parking market in Western Europe report extensively covers market segmentation by

Type 1.1 Off-street parking1.2 On-street parkingEnd-user 2.1 Commercial2.2 GovernmentGeography 3.1 Western Europe

1.1 Off-street parking-  The Smart Parking market in Western Europe is experiencing significant growth due to increasing urbanization and the need for efficient transportation solutions. Smart Parking systems utilize technology such as sensors and mobile applications to help drivers locate available parking spots and pay for parking conveniently. This not only reduces traffic congestion but also enhances the overall parking experience for drivers. Major cities in Western Europe, including London, Paris, and Berlin, have already implemented Smart Parking solutions, and the trend is expected to continue in the coming years.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Smart Parking Market in Western Europe is experiencing significant growth due to the increasing urban population and the integration of Internet of Things (IoT) technology in smart city projects. The market is driven by the need for efficient parking management solutions in urban areas, where vehicle sales continue to rise. RFID tags and License Plate Recognition (LPR) systems are commonly used for identifying vacant parking slots in real-time, while ultrasonic sensors help detect vacant spaces and provide real-time data information. Municipalities are investing in advanced parking garages and intelligent parking systems, which include automated pay stations, BirdWatch parking system, and analytics solutions. Hardware components such as signs and symbols are also being embedded with software to enhance the overall parking experience. Nearby parking spaces are being identified and communicated to drivers through various means, making parking in urban areas more convenient and efficient.

Market Research Overview

The Smart Parking Market in Western Europe is experiencing significant growth due to increasing urban population, vehicle sales, and smart city initiatives. Smart Parking solutions are being adopted to address traffic congestion and manage parking effectively in urban areas. RFID tags, License Plate Recognition, and IoT-based cloud platforms are key technologies used in these systems. The market caters to both commercial and government segments, with municipalities and urban areas being major consumers. Off-street parking, including parking garages, shopping malls, airports, and commercial complexes, is a significant market for smart parking solutions. OEMs are integrating parking management solutions with ultrasonic sensors, steering angle sensors, and display units in vehicles. Advanced parking garages offer features like Guided Park Assist, Parking Sensors, and Radar Sensors for improved parking experiences. Real-time data information, parking reservation management, and valet parking management are essential components of intelligent parking systems. Nearby parking spaces can be identified through smart mobile applications, and parking guidance systems provide live updates via SMS or mobile applications. Smart city initiatives are driving the adoption of parking solutions in hospitals, universities, and residential buildings. The future of smart parking lies in the integration of wireless technology, parking reservation systems, and parking operations in autonomous and driverless vehicles.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeOff-street ParkingOn-street ParkingEnd-userCommercialGovernmentGeographyWestern Europe

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/smart-parking-market-in-western-europe-to-grow-by-usd-2-63-billion-2024-2028-driven-by-ai-and-advanced-technologies—technavio-report-302244207.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

TELUS transforms legacy telecommunications site into 195 new homes for Nanaimo

Published

on

By

Across Canada, demand for rental housing continues to outpace supply. TELUS Living is helping address this challenge by transforming existing TELUS properties into smart, sustainable homes in communities where new housing is needed most.

NANAIMO, BC, July 23, 2026 /CNW/ — TELUS Living today opened a new 195-home purpose-built rental community in downtown Nanaimo, transforming a former telecommunications property into smart, sustainable housing that helps address one of Canada’s most pressing challenges: increasing rental supply in growing communities. Located at 235 Wallace St, the multi-storey, mixed-use build features 195 purpose-built rental units, providing much-needed housing supply to downtown Nanaimo, while thoughtfully honouring the city’s unique coastal identity and heritage.

The Nanaimo development is part of TELUS’ long-term strategy to repurpose legacy telecommunications infrastructure into purpose-built rental housing as the company modernizes its network and completes the transition from copper to PureFibre technology. The Nanaimo community joins TELUS Living’s growing portfolio of developments that are transforming underutilized TELUS properties into housing across Canada.

“The Nanaimo development represents exactly what TELUS Living stands for by providing purpose-built rental housing tailored to the specific needs of the community it serves. We’ve designed 235 Wallace St with Nanaimo’s unique character in mind, offering a curated lifestyle that blends a climate-conscious, Zero Carbon Design approach with top-tier wellness and smart-tech amenities,” said Manasweeta Bhatia, Vice President of Corporate Real Estate at TELUS. “We shape every TELUS Living project by listening to the community, understanding its unique identity and design needs, and building accordingly. Its central downtown location and proximity to both Vancouver Island University and Nanaimo Regional General Hospital also position it as an ideal home for students, educators, and healthcare workers seeking modern, connected living.”

“More housing and good jobs are a win-win for downtown Nanaimo,” said Sheila Malcolmson, MLA for Nanaimo-Gabriola Island. “Adding to the approximately 1,500 affordable homes our B.C. government has completed and underway in Nanaimo, it’s great to see TELUS stepping up with 195 new units. It’s been great to see hundreds of construction and indirect jobs in town, and I can’t wait to see folks move into their new homes.”

“I’m thrilled to see a new rental option in downtown Nanaimo, and especially excited that this conversion was made with sustainability and active transportation in mind,” said George Anderson, MLA for Nanaimo-Lantzville. “Ensuring everyone can find homes they can afford in the communities they love requires creative approaches, and I hope to see more creativity like this in the future.”

“I’m delighted to celebrate the opening of TELUS Living Nanaimo, a landmark project that strengthens our downtown as a vibrant, inclusive place to live,” said Leonard Krog, Mayor of Nanaimo. “This partnership between the City of Nanaimo, our community, and TELUS demonstrates what’s possible when we work together toward shared goals. The addition of nearly 200 diverse housing options is exactly what our city needs, and we’re excited about the positive impact this will have on our community. TELUS’ commitment to our city and investment in our future will contribute to Nanaimo’s economic and social vitality.”

Situated within walking distance of downtown’s vibrant cafes, eclectic Old City Quarter, the iconic Harbourfront Walkway, and a short transit ride from Vancouver Island University and Nanaimo Regional General Hospital, the development is architecturally designed to blend classic and contemporary exterior elements. Curated for modern living, the community offers an expansive suite of indoor and outdoor social amenities alongside street-level retail and public art contributions.

Project Highlights:

Smart-Enabled Living: Powered by the TELUS PureFibre network, the custom TELUS Living App provides keyless entry, smart climate control, leak detection, parcel notifications, visitor management, and amenity bookings.Social & Wellness Amenities: Features a rooftop deck with an outdoor kitchen, BBQs, and panoramic views, alongside a state-of-the-art fitness centre and resident lounge.Pet & Active Lifestyle Ready: Equipped with a dedicated children’s outdoor play area, outdoor bark park and pet care station, secure underground parking, bike storage and maintenance facilities.Premium Functional Interiors: Studio to three-bedroom layouts include private balconies, individual A/C with Energy Recovery Ventilators (ERVs) for optimal air quality, Samsung SmartThings appliances, and in-suite laundry.Gold-Standard Sustainability: Sets a Vancouver Island benchmark aligned with Zero Carbon Design standards and Salmon-Safe development guidelines that actively protects local ecosystems.

This opening marks a significant milestone in TELUS Living’s mission to transform existing real estate holdings into purpose-built rentals that bridge the housing gap with smart, sustainable, and community-focused developments. As TELUS completes its transition from legacy copper to advanced fibre networks, the company is transforming its historic central offices–which once served as the backbone of B.C.’s phone system–into vibrant, smart, purpose-built rental communities. TELUS Living is breathing new life into these properties to help address Canada’s housing crisis. For more details on TELUS Living Nanaimo or to view available floor plans, please visit telusliving.com/nanaimo.

About TELUS

TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 17 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing approximately 170 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring ‘give where we live’ philosophy, TELUS continues to invest in initiatives that support education, health and community well-being. In 2023, we launched the TELUS Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6 million in bursaries to 2,000 students and counting. Since 2000, TELUS, our team members and retirees have contributed $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of service–earning TELUS the distinction of the world’s most giving company.

For more information, visit telus.com.

For more information, please contact:
Brandi Rees
TELUS Public Relations
brandi.rees@telus.com 

SOURCE TELUS Communications Inc.

Continue Reading

Technology

Award-Winning Author Euran Daniels to Deliver Opening Keynote at International Nevus Outreach Conference, Unveiling New $100,000 Global Initiative to Advance CMN Research and Awareness

Published

on

By

ORLANDO, Fla., July 24, 2026 /PRNewswire/ — Award-winning author, entrepreneur, and Congenital Melanocytic Nevus (CMN) advocate Euran S. Daniels will deliver the opening keynote address at the 2026 Nevus Outreach International Conference on Sunday, July 26, 2026, at 1:00 p.m. at the Renaissance Orlando at SeaWorld®.

Launching the conference under this year’s theme, “Amplify,” Daniels will share his personal journey of living with CMN for more than 50 years and challenge attendees to transform awareness into meaningful action through hope, advocacy, and research.

During his keynote, Daniels will unveil a new global initiative aimed at expanding awareness and inspiring greater support for CMN research. The initiative will encourage individuals, healthcare organizations, corporations, and philanthropists to join a collaborative effort to improve the lives of those affected by this rare skin condition.

“For more than fifty years, I’ve lived with a visible mark that became my purpose,” said Daniels. “My hope is that every person leaves this conference believing they can make a difference by amplifying hope, supporting research, and leaving a positive impact on the lives of others.”

CMN is a rare skin condition present at birth that, in its larger forms, affects approximately 1 in every 20,000 births. Individuals living with CMN may face complex medical challenges, including an increased risk of melanoma, multiple surgeries, and the emotional impact of living with a visible difference.

Daniels’ keynote will focus on three powerful messages: You’re Not Alone. Live Your Life. Leave Your Mark.Through his story of resilience and leadership, he hopes to inspire families, advocates, researchers, and community leaders to work together to create greater awareness and opportunity for those living with CMN.

Media are invited to attend the keynote address to learn more about this initiative. 

For more information, visit www.EuranDaniels.com or to support CMN research, visit www.nevus.org/joineuran.

Media Contact:
Media Relations – Fanisha Love (910) 262-3439
Email: info@danielscompany.com
Website: www.EuranDaniels.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/award-winning-author-euran-daniels-to-deliver-opening-keynote-at-international-nevus-outreach-conference-unveiling-new-100-000-global-initiative-to-advance-cmn-research-and-awareness-302834295.html

SOURCE Daniels Company

Continue Reading

Technology

Immigration Desk Shares Guidance for Entrepreneurs and Foreign Businesses Planning US Expansion in 2026

Published

on

By

NEWTON, Mass., July 24, 2026 /PRNewswire/ — Immigration Desk is highlighting key immigration considerations for entrepreneurs, investors, and foreign-owned companies looking to establish or expand a presence in the United States, as interest in cross-border growth continues alongside evolving visa procedures and compliance expectations. The firm noted that many business owners plan with a general goal of opening a US office,  only to be met by a system that favors careful planning and documentation. 

Immigration planning often intersects with business planning, with company structure, ownership percentage, funding sources, job roles, and operational timelines influencing the pathways available and evidence required. A viable business plan alone often isn’t enough, and applicants must also meet specific legal definitions tied to visa categories. Those definitions, however, can differ significantly depending on the route pursued.

“Business immigration is not a single form or a single standard,” said Anu Gupta, attorney at Immigration Desk. “Entrepreneurs and foreign businesses often come to the process thinking in terms of growth goals like opening a location, hiring, and launching a product. However, the immigration system asks for detailed proof of role, eligibility, and structure. Planning early helps align those two realities and avoids last-minute surprises.”

Immigration Desk notes that entrepreneurs and foreign businesses typically evaluate options based on the nature of the US activity and the individual’s role. For some, the relevant question is whether a company can transfer an executive, manager, or specialized employee to a US office under an intracompany framework, particularly when the business can document a qualifying relationship between entities.

For others, the analysis may focus on investment-based categories where the applicant is actively directing and developing a US enterprise. In still other cases, founders may explore categories that emphasize extraordinary ability, research-based work, or employer sponsorship, depending on the individual’s background and the company’s needs.

L-1 and E-2 Visas: Pathways for Multinational Companies and Investors

For companies evaluating intracompany transfers, the L-1 visa provides a structured pathway for multinational businesses to bring executives, managers, or employees with specialized knowledge to a U.S. office — including newly established entities. Immigration Desk notes that L-1 cases require careful documentation of the qualifying relationship between the foreign and U.S. companies, as well as a clear demonstration of the applicant’s role and seniority. For new U.S. offices in particular, USCIS applies additional scrutiny to whether the operation is sufficiently established to support the position being petitioned.

The E-2 treaty investor visa offers a separate route for entrepreneurs from qualifying treaty countries who are making a substantial investment in and actively directing a U.S. enterprise. While the E-2 does not require a minimum investment threshold, Immigration Desk emphasizes that the investment must be proportional to the nature of the business and at risk in a commercial sense — factors that require careful structuring and documentation from the outset. Unlike some other business visa categories, the E-2 does not provide a direct path to permanent residency, which means founders relying on it should also plan for long-term status options early in the process.

The firm also points to a recurring challenge for growth-stage companies: staffing. Employer-sponsored visas can involve strict timing, evolving agency practices, and in some categories, annual numerical limits. In recent years, many employers have sought clarity on how to plan around the H-1B cap and lottery cycle, particularly when hiring needs don’t align neatly with government filing windows.

While the H-1B category remains widely used for specialized professional roles, Immigration Desk emphasizes that businesses should treat it as one part of a broader hiring and compliance plan rather than a single solution, especially when role definitions, worksite compliance, and documentation requirements are central to adjudication.

“People often focus on the name of a visa category, but the practical work is in the documentation and the operational reality behind the petition,” Gupta added. “For businesses, that means understanding what the government expects in terms of job duties, business activity, and the evidence that supports eligibility. For entrepreneurs, it can mean clarifying ownership, funding, and what day-to-day leadership looks like in a way that is consistent and well documented.”

Immigration Desk also notes that immigration planning frequently involves risk management. Businesses may need to consider how quickly a US operation must become functional, what happens if timelines shift, and how to maintain continuity if a petition is delayed or requires additional review. For founders, the concerns often include whether a pathway supports both business operations and personal stability, including travel, family planning, and long-term status options.

The firm cautions that immigration outcomes depend on individualized facts and that what works for one company may not apply to another. However, the most consistent problems, like incomplete timelines, inconsistent documentation, unclear roles, and last-minute filings, are completely avoidable. In response to those issues, Immigration Desk encourages business owners to approach US immigration as a phased process that begins with strategy and thorough preparation, with an operational plan for compliance after arrival.

For more information, please refer to the company’s website.

Immigration Desk
704 Walnut Street Newton, MA 02459
1-800-688-7892
https://immigrationdesk.com/
clients@ImmigrationDesk.com 

At Immigration Desk, attorney Anu Gupta and her team have helped thousands of entrepreneurs, investors, and multinational companies navigate complex immigration matters. With more than 40 years of combined experience and over 10,000 immigration cases handled, the firm has developed a reputation for careful preparation and strategic case planning. Whether you are a startup founder, a multinational executive, or an investor seeking to establish a presence in the United States, Immigration Desk can help you determine the most effective immigration strategy for your situation.

View original content to download multimedia:https://www.prnewswire.com/news-releases/immigration-desk-shares-guidance-for-entrepreneurs-and-foreign-businesses-planning-us-expansion-in-2026-302834299.html

SOURCE Immigration Desk

Continue Reading

Trending