Business plan

INTRODUCTION
Name and address of business
Easypark, Limited Liability Company
Address: xxxxxxxxxxxx Enter some address here
Phone: xxxxxxxxxxxx Enter some phone here
Email: office@easypark.com

Names and addresses of principals
Wesam Alzahrani
Address: xxxxxxxxxxxx Enter some address here
Aishaa Jamal
Address: xxxxxxxxxxxx Enter some address here
Hussah Abahusain
Address: xxxxxxxxxxxx Enter some address here
Shams Almoshel
Address: xxxxxxxxxxxx Enter some address here

Nature of business
Easypark is a company that designs completely innovative automated car parking systems.
We are devoted to providing creative, considered and individually tailored parking solutions
that deliver great service at the best possible value for everyone we work with.

Statement of financing needed
In accordance with financial plan, which is the integral part of this business plan, the overall financing needed amounts for xxxx Enter the number here based on your financial plan projections.

Statement of confidentiality of report
This business plan has been submitted on a confidential basis solely to selected, highly qualified investors. The recipient should not reproduce this plan or distribute it to others without permission. Please return this copy if you do not wish to invest in the company.

INDUSTRY ANALYSIS
Future outlook and trends
Automated parking systems are the future of parking. With the growing number of vehicles worldwide which are projected to reach 2 billion until 2030 the world definitely needs some alternative solutions in car parking industry. Smart parking management systems are a step beyond traditional automated car parking systems. These systems use IoT concept to provide simple, efficient and easy to implement parking system based on the use of sensors and Internet.

Considering the fact that at the moment the number of vehicles worldwide is 1.2 billion and that it is projected to reach 2 billion in 2030 it can be concluded that the whole parking industry is expected to grow for 66.67% in the aforementioned period.

Recent legislation changes in KSA enabled women to apply for a driving license. According to PWC the number of female driver in KSA is expected to reach 3 million by 2020. The same report project that the number of male driver in the same year will reach a number of 9.3 million. .
Analysis of competitors
Our key competitors on a car parking market are the following companies:
1. Parkmobile
2. Apcoa parking
3. Skidat
4. Parkmatic
Technical issues rise from potential competitors like Parkmobile if they enter the market due to their new features by having APP to easily park the car from long distance. To reduce the risk

Write a 1,750- to 2,100-word, five-year IT strategic plan for the d...