HOME Top Market Reports Parking Management Market by System Components & Services, by Solution (Parking Software, Access Control, Security & Surveillance, Fee & Revenue Management, Enforcement & Permit Management) – Global forecast to 2019

Parking Management Market by System Components & Services, by Solution (Parking Software, Access Control, Security & Surveillance, Fee & Revenue Management, Enforcement & Permit Management) – Global forecast to 2019

By: marketsandmarkets.com
Publishing Date: January 2015
Report Code: TC 3072

 

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With the global rise in number of vehicles on the road the parking woes have intensified and people along with enterprises are looking for parking solutions which are able to address this problem. Parking management systems has gone a significant amount of changes since its introduction with cashless payments, real time parking space information, parking sensors and others which have helped for rapid rise in demand for parking management solutions. These parking technologies not only have raise the efficiency of parking management systems but also have to enhanced the security of vehicles which is the perceived benefits of adopting advanced parking management solutions.

Growing number of smart cities around the globe have opened new business opportunities for parking management vendors as these cities give these vendors the facility to increase and expand their offerings in these newly developed cities. The rising number of vehicles has helped for the deployment of parking management technologies such as license palate recognition. The advancement in payment technologies such as Pay-by-Plate is also expected to have high adoption rate in coming years.

The report gives a brief perspective about the market in term of hardware, software, components and parking management systems that are involved in this market. The report also gives the market revenue by parking site type which are on-street and off-street parking. The report also gives the market by the perspective of industry verticals which are academia, government and municipalities, transportation, recreation, healthcare, hospitality, retail, corporate and commercial parks, and Banking, Financial Services, and Insurance (BFSI).

The report gives the major drivers, restraints, opportunities and challenges in the parking management market. The report also gives a global perspective in the market where the reports gives the market size in regions such as North America (NA), Europe (EU), Asia-Pacific (APAC), Latin America (LA) and Middle East and Africa (MEA).

The market is segmented based on system components, services, parking site types, solutions, industry verticals, and regions.

Parking Management Software

  • By information and system
  • By payment system

System Devices

  • By Parking management meters
  • By Handheld ticket-writers
  • By Ultrasonic occupancy sensors
  • By Radio-Frequency Identification (RFID) transponders
  • By Surveillance cameras and Digital Video Recorders (DVRs)
  • By Automated gates

Services

  • By Deployments and customization
  • By Maintenance and support

Parking Site Type

  • By On-street parking
  • By Off-street parking

Solutions

  • Access control
    • Biometric
    • ID management
    • LPR-based automatic vehicle identification
  • Security and surveillance
  • Parking fee and revenue management
    • Coin-based
    • Smart card-based
    • Pay-by-Plate
  • Parking reservation management
  • Valet parking management
  • Parking enforcement and permit management
  • Parking guidance and slot management

Verticals

  • Academia
  • Government and municipalities
  • Transportation transits
  • Recreations
  • Healthcare
  • Hospitality
  • Retail
  • Corporate and commercial parks
  • BFSI
  • Others (Residential, tourist spots, religious spots)

Regions

  • North America
  • APAC
  • Europe
  • Latin America
  • MEA

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis:

  • Further breakdown of the North America parking management market
  • Further breakdown of the European parking management market
  • Further breakdown of the Asia Pacific parking management market
  • Further breakdown of the Middle East & Africa parking management market
  • Further breakdown of the Latin America parking management market

Company Profiles:

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years
           1.3.3 Currency
           1.3.4 Limitations
    1.4 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Market Size Estimation
    2.2 Market Breakdown and Data Triangulation
    2.3 Market Share Estimation
           2.3.1 Key Data From Primary Sources
                    2.3.1.1 Key Industry Insights
           2.3.2 Assumptions

3 Executive Summary (Page No. - 29)
    3.1 Evolution of Parking Management

4 Premium Insights (Page No. - 36)
    4.1 Attractive Market Opportunities in Parking Management Market Scenario
    4.2 Parking Management Market: Top Three Solution Segments
    4.3 Product Growth Matrix
    4.4 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Need for Smooth Traffic Flow
                    5.3.1.2 Decreasing Hardware and Connectivity Costs
           5.3.2 Restraints
                    5.3.2.1 Cost Sensitivity of Parking Space Operators
                    5.3.2.2 System Interoperability
           5.3.3 Opportunities
                    5.3.3.1 Growing Demand in Emerging Economies
                    5.3.3.2 Growth of Smart Cities
           5.3.4 Challenges
                    5.3.4.1 Difficulty in Changing Customer Mindsets
                    5.3.4.2 Underutilization of Existing Resources

6 Industry Trends (Page No. - 50)
    6.1 Value Chain
    6.2 Porter’s Five Forces Analysis
           6.2.1 Threat of New Entrants
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Suppliers
           6.2.4 Bargaining Power of Buyers
           6.2.5 Intensity of Rivalry

7 Parking Management Market, By System Components and Services (Page No. - 55)
    7.1 Introduction
    7.2 Parking Software
           7.2.1 Parking Information and Management Systems
           7.2.2 Parking Payment Systems
    7.3 System Devices
           7.3.1 Parking Meters
           7.3.2 Handheld Ticket Writers
           7.3.3 Ultrasonic Occupancy Sensors
           7.3.4 RFID Transponders
           7.3.5 Surveillance Cameras and Dvrs
           7.3.6 Automated Gates
           7.3.7 Other Devices
    7.4 Professional Services
           7.4.1 Deployment and Customization
           7.4.2 Maintenance and Support

8 Parking Management Market, By Parking Site Type (Page No. - 71)
    8.1 Introduction
    8.2 On-Street Parking
    8.3 Off- Street Parking

9 Parking Management Market, By Solution (Page No. - 76)
    9.1 Introduction
    9.2 Access Control
           9.2.1 Biometrics
           9.2.2 ID Management
           9.2.3 License Plate Recognition (LPR)-Based Automatic Vehicle Identification (AVI)
    9.3 Security and Surveillance
    9.4 Parking Fee and Revenue Management
           9.4.1 Coin-Based Revenue Management
           9.4.2 Smart Card-Based Revenue Management
           9.4.3 Pay-By-Plate Revenue Management
    9.5 Parking Reservation Management
    9.6 Valet Parking Management
    9.7 Parking Fee Enforcement and Permit Management
    9.8 Parking Guidance and Slot Management

10 Parking Management Market, By Vertical (Page No. - 92)
     10.1 Introduction
     10.2 Academia
     10.3 Government and Municipalities
     10.4 Transportation
     10.5 Recreation
     10.6 Healthcare
     10.7 Hospitality
     10.8 Retail
     10.9 Corporate and Commercial Parks
     10.10 BFSI
     10.11 Other Verticals

11 Parking Management Market, By Region (Page No. - 105)
     11.1 Introduction
     11.2 North America (NA)
     11.3 Asia-Pacific (APAC)
     11.4 Europe
     11.5 MEA
     11.6 Latin America (NA)

12 Competitive Landscape (Page No. - 142)
     12.1 Overview
     12.2 New Product Launches

13 Company Profiles (Page No. - 143)
     13.1 Introduction
     13.2 Xerox
             13.2.1 Business Overview
             13.2.2 Products and Services
             13.2.3 Key Strategies
             13.2.4 SWOT Analysis
             13.2.5 Recent Developments
             13.2.6 MnM View
     13.3 3M
             13.3.1 Business Overview
             13.3.2 Products and Services
             13.3.3 Key Strategies
             13.3.4 SWOT Analysis
             13.3.5 Recent Developments
             13.3.6 MnM View
     13.4 IBM
             13.4.1 Business Overview
             13.4.2 Solutions and Services
             13.4.3 Key Strategies
             13.4.4 SWOT Analysis
             13.4.5 Recent Developments
             13.4.6 MnM View
     13.5 Siemens
             13.5.1 Business Overview
             13.5.2 Solutions
             13.5.3 Key Strategies
             13.5.4 SWOT Analysis
             13.5.5 Recent Developments
             13.5.6 MnM View
     13.6 Kapsch
             13.6.1 Business Overview
             13.6.2 Solutions
             13.6.3 Key Strategies
             13.6.4 SWOT Analysis
             13.6.5 Recent Developments
             13.6.6 MnM View
     13.7 Swarco Corporation
             13.7.1 Business Overview
             13.7.2 Solutions and Services
             13.7.3 Key Strategies
             13.7.4 Recent Developments
             13.7.5 MnM View
     13.8 Amano Corporation
             13.8.1 Business Overview
             13.8.2 Products
             13.8.3 Key Strategies
             13.8.4 Recent Developments
             13.8.5 MnM View
     13.9 T2 Systems
             13.9.1 Business Overview
             13.9.2 Solutions and Services
             13.9.3 Key Strategies
             13.9.4 Recent Developments
             13.9.5 MnM View
     13.10 Cubic Corporation
             13.10.1 Business Overview
             13.10.2 Products
             13.10.3 Key Strategies
             13.10.4 Recent Developments
             13.10.5 MnM View
     13.11 Skidata
             13.11.1 Business Overview
             13.11.2 Products
             13.11.3 Key Strategies
             13.11.4 Recent Developments
             13.11.5 MnM View

14 Appendix (Page No. - 149)
     14.1 Discussion Guide
     14.2 Introducing RT: Real Time Market Intelligence
     14.3 Available Customizations
             14.3.1 Geographic Analysis
             14.3.2 Company Profiles
     14.4 Related Reports


List of Tables (98 Tables)

Table 1 Parking Management Overall Market Size and Growth, 2012-2019 ($Million)
Table 2 Need for Smooth Traffic is Propelling the Growth of the Parking Management Market
Table 3 System Interoperability is Hampering the Growth of the Parking Management Market
Table 4 Growing Demand in Emerging Markets Provide Significant Opportunity for Vendors in the Parking Management Market
Table 5 Fixed Customer Mindset is A Major Challenge for Parking Management Vendors in This Market
Table 6 Parking Management Market Size, By System Component and Service, 2012-2019 ($Million)
Table 7 Parking Software Market Size, By Type, 2012-2019 ($Million)
Table 8 Parking Information and Management Systems Market Size, By Region, 2012-2019 ($Million)
Table 9 Parking Payment Systems Market Size, By Region, 2012-2019 ($Million)
Table 10 System Devices Market Size, By Type, 2012-2019 ($Million)
Table 11 Parking Meters Market Size, By Region, 2012-2019 ($Million)
Table 12 Handheld Ticket Writers Market Size, By Region, 2012-2019 ($Million)
Table 13 Ultrasonic Occupancy Sensors Market Size, By Region, 2012-2019 ($Million)
Table 14 RFID Transponders Market Size, By Region, 2014-2019 ($Million)
Table 15 Surveillance Cameras and Dvrs Market Size, By Region, 2012-2019 ($Million)
Table 16 Automated Gates Market Size, By Region, 2012-2019 ($Million)
Table 17 Other Devices Market Size, By Region, 2012-2019 ($Million)
Table 18 Professional Services Market Size, By End User, 2012-2019 ($Million)
Table 19 Deployment and Customization Market Size, By Region, 2012-2019 ($Million)
Table 20 Maintenance and Support Market Size, By Region, 2012-2019 ($Million)
Table 21 Parking Management Market Size, By Parking Site Type, 2012-2019 ($Million)
Table 22 On-Street Parking Market Size, By Region, 2012-2019 ($Million)
Table 23 Off Street Parking Market Size, By Region, 2012-2019 ($Million)
Table 24 Parking Management Market Size, By Solution, 2012-2019 ($Million)
Table 25 Access Control Market Size, By Region, 2012-2019 ($Million)
Table 26 Access Control Market Size, By Type, 2012-2019 ($Million)
Table 27 Biometrics Access Control Market Size, By Region, 2012-2019 ($Million)
Table 28 ID Management Market Size, By Region, 2012-2019 ($Million)
Table 29 LPR-Based Automatic Vehicle Identification Market Size, By Region, 2012-2019 ($Million)
Table 30 Security and Surveillance Market Size, By Region, 2012-2019 ($Million)
Table 31 Parking Fee and Revenue Management Market Size, By Type, 2012-2019 ($Million)
Table 32 Coin-Based Revenue Management Market Size, By Region, 2012-2019 ($Million)
Table 33 Smart Card Based Revenue Management Market Size, By Region, 2012-2019 ($Million)
Table 34 Pay By Plate Revenue Management Market Size, By Region, 2012-2019 ($Million)
Table 35 Parking Reservation Management Market Size, By Region, 2012-2019 ($Million)
Table 36 Valet Parking Management Market Size, By Region, 2012-2019 ($Million)
Table 37 Parking Fee Enforcement and Permit Management Market Size, By Region, 2012-2019 ($Million)
Table 38 Parking Guidance and Slot Management Market Size, By Region, 2012-2019 ($Million)
Table 39 Parking Management Market Size, By Vertical, 2012-2019 ($Million)
Table 40 Academia Market Size, By Region, 2012-2019 ($Million)
Table 41 Government and Municipalities Market Size, By Region, 2012-2019 ($Million)
Table 42 Transportation Market Size, By Region, 2012-2019 ($Million)
Table 43 Recreation Market Size, By Region, 2012-2019 ($Million)
Table 44 Healthcare Market Size, By Region, 2012-2019 ($Million)
Table 45 Hospitality Market Size, By Region, 2012-2019 ($Million)
Table 46 Retail Market Size, By Region, 2012-2019 ($Million)
Table 47 Corporate and Commercial Park Market Size, By Region, 2012-2019 ($Million)
Table 48 BFSI Market Size, By Region, 2012-2019 ($Million)
Table 49 Other Verticals Market Size, By Region, 2012-2019 ($Million)
Table 50 Parking Management Market Size, By Region, 2012-2019 ($Million)
Table 51 NA: Parking Management Market Size, By System Component and Service, 2012-2019 ($Million)
Table 52 NA: Parking Software Market Size, By Type, 2012-2019 ($Million)
Table 53 NA: System Devices Market Size, By Type, 2012-2019 ($Million)
Table 54 NA: Professional Services Market Size, By Type, 2012-2019 ($Million)
Table 55 NA: Parking Management Market Size, By Parking Site Type, 2012-2019 ($Million)
Table 56 NA: Parking Management Market Size, By Solution, 2012-2019 ($Million)
Table 57 NA: Access Control Market Size, By Type, 2012-2019 ($Million)
Table 58 NA: Parking Fee and Revenue Management Market Size, By Type, 2012-2019 ($Million)
Table 59 NA: Parking Management Market Size, By Vertical, 2012-2019 ($Million)
Table 60 APAC: Parking Management Market Size, By System Component and Service, 2012-2019 ($Million)
Table 61 APAC: Parking Software Market Size, By Type, 2012-2019 ($Million)
Table 62 APAC: System Devices Market Size, By Type, 2014-2019 ($Million)
Table 63 APAC: Professional Services Market Size, By Type, 2012-2019 ($Million)
Table 64 APAC: Parking Management Market Size, By Parking Site Type, 2012-2019 ($Million)
Table 65 APAC: Parking Management Market Size, By Solution, 20122019 ($Million)
Table 66 APAC: Access Control Market Size, By Types, 2012-2019 ($Million)
Table 67 APAC: Parking Fee and Revenue Management Market Size, By Type, 2012-2019 ($Million)
Table 68 APAC: Parking Management Market Size, By Vertical, 2012-2019 ($Million)
Table 69 Europe: Parking Management Market Size, By System Component and Service, 2012-2019 ($Million)
Table 70 Europe: Parking Software Market Size, By Type, 2012-2019 ($Million)
Table 71 Europe: System Devices Market Size, By Type, 2012-2019 ($Million)
Table 72 Europe: Professional Services Market Size, By Type, 2012-2019 ($Million)
Table 73 Europe: Parking Management Market Size, By Parking Site Type, 2012-2019 ($Million)
Table 74 Europe: Parking Management Market Size, By Solution, 2012-2019 ($Million)
Table 75 Europe: Access Control Market Size, By Type, 2014-2019 ($Million)
Table 76 Europe: Parking Fee and Revenue Management Market Size, By Type, 2014-2019 ($Million)
Table 77 Europe: Parking Management Market Size, By Vertical, 2014-2019 ($Million)
Table 78 MEA: Parking Management Market Size, By System Component and Service, 2012-2019 ($Million)
Table 79 MEA: Parking Software Market Size, By Type, 2014-2019 ($Million)
Table 80 MEA: System Devices Market Size, By Type, 2014-2019 ($Million)
Table 81 MEA: Professional Services Market Size, By Type, 2014-2019 ($Million)
Table 82 MEA: Parking Management Market Size, By Parking Site Type, 2014-2019 ($Million)
Table 83 MEA: Parking Management Market Size, By Solution, 2014-2019 ($Million)
Table 84 MEA: Access Control Market Size, By Type, 2014-2019 ($Million)
Table 85 MEA: Parking Fee and Revenue Management Market Size, By Type, 2012-2019 ($Million)
Table 86 MEA: Parking Management Market Size, By Vertical, 2012-2019 ($Million)
Table 87 LA: Parking Management Market Size, By System Component and Service, 2012-2019 ($Million)
Table 88 LA: Parking Software Market Size, By Type, 2012-2019 ($Million)
Table 89 LA: System Devices Market Size, By Type, 2012-2019 ($Million)
Table 90 LA: Professional Services Market Size, By Type, 2012-2019 ($Million)
Table 91 LA: Parking Management Market Size, By Parking Site Type, 2012-2019 ($Million)
Table 92 LA: Parking Management Market Size, By Solution, 2012-2019 ($Million)
Table 93 LA: Access Control Market Size, By Type, 2012-2019 ($Million)
Table 94 LA: Parking Fee and Revenue Management Market Size, By Type, 2014-2019 ($Million)
Table 95 LA: Access Control Market Size, By Vertical, 2014-2019 ($Million)
Table 96 New Product Launches, 2010–2014
Table 97 Mergers and Acquisitions, 2010–2014
Table 98 Partnerships, Agreements, Joint Ventures, and Collaborations, 2010–2014


List of Figures (48 Figures)

Figure 1 Global Parking Management Market: Research Methodology
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Break Down of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Evolution of Parking Management
Figure 7 NA Dominates the Parking Management Market While APAC is Showing Potential for Growth
Figure 8 Top Three Revenue Segments in Parking Management Market
Figure 9 Automotive Expected to Grow the Fastest During the Forecast Period
Figure 10 Parking Software an Attractive Segment for Parking Management Vendors
Figure 11 Lucrative Market Prospects in Parking Management Market
Figure 12 Parking Software to Grow at the Fastest Rate Among the Top Three Solutions in Parking Management Market
Figure 13 Parking Enforcement and Slot Management Expected to Grow the Fastest During the Forecast Period
Figure 14 Lifecycle Analysis, By Region: APAC Soon to Enter in Exponential Growth Phase
Figure 15 Market Segmentation: By System Components and Services
Figure 16 Market Segmentation: By Parking Site Type
Figure 17 Market Segmentation: By Solution
Figure 18 Market Segmentation: By Vertical
Figure 19 Market Segmentation: By Region
Figure 20 Need for Smooth Traffic is Driving the Parking Management Market
Figure 21 Parking Management: Value Chain Analysis
Figure 22 Parking Management: Porter’s Five Forces Analysis
Figure 23 Parking Software is Expected to Grow With the Highest CAGR of 20.4% During the Forecast Period
Figure 24 Off-Street Parking is Expected to Grow With A CAGR of 13.6% During the Forecast Period
Figure 25 Parking Fee & Revenue Management and Parking Enforcement & Permit Management Solutions are Expected to Grow With the Highest CAGR During the Forecast Period
Figure 26 Academia Industry is Expected to Grow the Fastest at A CAGR of 15.7% During the Forecast Period
Figure 27 APAC is Expected to Grow the Fastest at A CAGR of 17.1% During the Forecast Period
Figure 28 Geographic Snapshot: APAC is Emerging as A New Hotspot
Figure 29 APAC: An Attractive Destination for Parking Management Vendors
Figure 30 North American Market Snapshot: Demand is Driven By Increasing Need for Parking Software Solutions
Figure 31 Companies Adopted New Product Launches as the Key Product Strategy 
Figure 32 Battle for Market Share: New Product Launches has Been the Key Strategy
Figure 33 Geographic Revenue Mix of Top 5 Market Players
Figure 34 Xerox: Company Snapshot
Figure 35 Xerox: SWOT Analysis
Figure 36 3M: Company Snapshot
Figure 37 3M: SWOT Analysis
Figure 38 IBM: Company Snapshot
Figure 39 IBM: SWOT Analysis
Figure 40 Siemens: Company Snapshot
Figure 41 Siemens: SWOT Analysis
Figure 42 Kapsch : Company Snapshot
Figure 43 Kapsch: SWOT Analysis
Figure 44 Swarco Corporation: Company Snapshot
Figure 45 Amano Corporation: Company Snapshot
Figure 46 T2 Systems: Company Snapshot
Figure 47 Cubic Corporation: Company Snapshot
Figure 48 Skidata: Company Snapshot

The growing number of vehicles on the road means more scarcity of parking spaces which has led to parking concerns to rise in an exponential manner and parking problem is one of the fastest growing concerns for people around the globe. Smart parking management solution is the answers to this growing concern. Smart parking management solutions enable effective and efficient utilization of parking spaces and give the drivers real time updates about the current parking space that are available which result in less of traffic congestion, less wastage of fuel which is one of the added advantage of using smart parking management solutions.

Parking solutions is one of the core parts of smart transportation management system. Smart parking managements solutions automates the entire parking processes some of solutions are access control, revenue management, parking enforcement and permit management, security and surveillance, automated valet parking, and parking guidance and slot management.

North America is expected to be the largest contributor of the regional market share large with the presence large number of parking management services providers. Asia-Pacific is one of the growing economies and favorable markets showing a high growth potential for the parking management market. In Europe, due to the impact of the European debt crisis, the growth of parking systems in the industrial segment has been restrained, but it is expected to improve during the forecast period.

Key players in the market are Xerox, 3M, IBM, Siemens, Kapsch, Swarco Corporation, Amano Corporation, and Cubic Corporation. Partnerships, agreements, collaborations, joint ventures, mergers, acquisitions, expansions, and new product launches are some of the major strategies adopted by the market players to achieve growth in the parking management market.

Overall Market Size and Forecast

Parking Management Market Size, 2014 - 2019 ($Million)

Parking Management Market

Source: MarketsandMarkets Analysis

The table given above highlights the expected parking management revenue across various regions, from 2014 to 2019. The global parking management market is estimated to grow from $5,025.9 Million in 2014 to $9,160.8 Million by 2019 at a CAGR of 12.8% from 2014 to 2019.

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