HOME Top Market Reports Parking Management Market by Solution (Parking Software, On-Street Parking, Off-Street Parking, Access Control, Security and Surveillance Parking Fee and Revenue Management, Parking Enforcement and Permit Management) – Global forecast to 2019

Parking Management Market by Solution (Parking Software, On-Street Parking, Off-Street Parking, Access Control, Security and Surveillance Parking Fee and Revenue Management, Parking Enforcement and Permit Management) – Global forecast to 2019

By: marketsandmarkets.com
Publishing Date: December 2014
Report Code: TC 3072

 

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The world is moving towards intelligent transportation systems, which is broadening the space for smarter ways of parking. With advanced parking management systems, the parking spots operators can offer their customers various parking conveniences such as minimal time wastage, cashless and contactless payment options, enhanced vehicle security, and options for pre-booking parking spots. The parking management systems are also useful for ensuring security through vehicle and cargo surveillance, vehicle registration, and dynamic parking tariff management. These customer-centric and business operation-centric advantages are making parking management system extremely lucrative. The major companies who are focusing on the parking management sector are Xerox, 3M, Siemens, Cubic Corporation, T2 Systems, SKIDATA, and various others.

The ongoing and upcoming smart city projects worldwide are creating business opportunities for smart parking management systems. The high growth rate in the number of vehicles in the regional economies such as Asia Pacific (APAC) and Latin America is also expected to enhance the business potential of the parking management industry. License Plate Recognition (LPR)-based technologies are gaining high popularity in the parking management sector. The major LPR-based parking management solutions such as Automatic Vehicle Identification (AVI) and Pay-by-Plate are expected to experience high adoption rate reducing the market share of the traditional technologies used in parking access control and revenue management.

This report speaks about the expected market revenue for the various software and hardware components involved in parking management system. It also highlights the revenue potential of the various professional services offered by the parking management vendors. The report represents the business potential of parking management systems in different types of parking sites such as on-street parking and off-street parking facilities. The report consists of the opportunity analysis of various types of parking management solutions such as access control, security and surveillance, parking fee and revenue management, parking reservation management, valet parking management, parking enforcement and permit management, and parking guidance and slot management. The report explores business potential of parking management solutions across varied industry verticals such as academia, government and municipalities, transportation, recreation, healthcare, hospitality, retail, corporate and commercial parks, and Banking, Financial Services, and Insurance (BFSI).

The report analyzes market drivers, restraints, and opportunities, along with a study on key players, and the competitive outlook. The report also provides key insights on the industry trends, adoption trends, and best practices in the parking management market. The report brings out the parking management business potential across the different regions such as North America, Asia-Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA). It further segments each regional market by solution types and industry verticals and forecasts the revenue for the various sub-markets.

Market Covered

The parking management market is segmented based on system components, services, parking site types, solutions, industry verticals, and regions.
Based on system components, the parking management market is segmented into two categories. They are: parking software and system devices. They are further classified based on their types.

Parking Software
Parking software is majorly divided into the following two categories:

  • Parking information and management system
  • Parking payment system

System Devices
System devices include all the hardware components used in a parking management system. The following are the hardware components:

  • Parking meters
  • Handheld ticket-writers
  • Ultrasonic occupancy sensors
  • Radio-Frequency Identification (RFID) transponders
  • Surveillance cameras and Digital Video Recorders (DVRs)
  • Automated gates
  • Other devices (Batteries and power sources, valet elevators, display boards)

Based on services, the parking management market is segmented into the following two categories:

  • Deployments and customization
  • Maintenance and support

Based on parking site types, the parking management market is segmented into the following two categories:

  • On-street parking
  • Off-street parking

Based on solutions, the parking management market is segmented into the following seven categories, which are again subdivided:

  • 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 

Based on industry verticals, the parking management market is segmented into the following nine categories:

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

Based on regions, the parking management market is segmented into the following five categories:

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

Table of Contents 
 
1 Introduction (Page No. - 14)
  1.1 Objectives of The Study
  1.2 Market Definition
  1.3 Market Scope
      1.3.1 Markets Covered
      1.3.2 Year
      1.3.3 Currency
      1.3.4 Limitations
  1.4 Stakeholders
 
2 Research Methodology (Page No. - 19)
  2.1 Market Size Estimation
  2.2 Market Breakdown & Data Triangulation
  2.3 Market Share Estimation
      2.3.1 Key Data Taken From Secondary Sources
      2.3.2 Key Data From Primary Sources
            2.3.2.1 Key Industry Insights
      2.3.3 Assumptions

3 Executive Summary (Page No. - 25)
 
4 Premium Insights (Page No. - 30)
  4.1 Overall Parking Management Market Scenario
  4.2 Parking Management Market – Top Three Solution Segments
  4.3 Product Growth Matrix
  4.4 Lifecycle Analysis, By Regions

5 Market Overview (Page No. - 34)
  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 Systems Interoperability
      5.3.3 Opportunities
            5.3.3.1 Growth in Regional Economies
            5.3.3.2 Growth of Smart Cities
      5.3.4 Challenges
            5.3.4.1 Integrate New and Existing Technology
            5.3.4.2 Manage Cultural Change

6 Industry Trends (Page No. - 44)
  6.1 Value Chain
  6.2 Porter’s Five Analysis
      6.2.1 Threat from New Entrants
      6.2.2 Threat from Substitute
      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 Component and Services (Page No. - 48)
  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 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. - 64)
  8.1 Introduction
  8.2 On- Street Parking
  8.3 Off- Street Parking

9 Parking Management Market, By Solutions (Page No. - 69)
  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
  9.5 Parking Reservation Management
  9.6 Valet Parking Management
  9.7 Parking Enforcement and Permit Management
  9.8 Parking Guidance and Slot Management

10 Parking Management Market, By Vertical (Page No. - 84)
   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 Vertical

11 Parking Management Market, By Region (Page No. - 97) 
   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. - 134)
   12.1 Overview
   12.2 New Product Launches

13 Company Profiles (Page No. - 4)
   13.1 Introduction
   13.2 Xerox
        13.2.1 Overview
        13.2.2 Products and Services
        13.2.3 Strategies and Insights
        13.2.4 SWOT Analysis
        13.2.5 Recent Developments
        13.2.6 MNM View
   13.3 3m
        13.3.1 Overview
        13.3.2 Product And Services
        13.3.3 Strategies And Insights
        13.3.4 SWOT Analysis
        13.3.5 Recent Developments
        13.3.6 MNM View
   13.4 IBM
        13.4.1 Overview
        13.4.2 Products and Services
        13.4.3 Strategies and Insights
        13.4.4 SWOT Analysis
        13.4.5 Recent Developments
        13.4.6 MNM View
   13.5 Siemens
        13.5.1 Overview
        13.5.2 Products and Services
        13.5.3 Strategies and Insights
        13.5.4 SWOT Analysis
        13.5.5 Recent Developments
        13.5.6 MNM View
   13.6 Kapsch
        13.6.1 Introduction
        13.6.2 Products and Services
        13.6.3 Strategies and Insights
        13.6.4 SWOT Analysis
        13.6.5 Recent Developments
        13.6.6 MNM View
   13.7 SWARCO Corporation
        13.7.1 Overview
        13.7.2 Products and Services
        13.7.3 Strategies and Insights
        13.7.4 Recent Developments
        13.7.5 MNM View
   13.8 Amano Corporation
        13.8.1 Overview
        13.8.2 Products and Services
        13.8.3 Strategies and Insights
        13.8.4 Recent Developments
        13.8.5 MNM View
   13.9 T2 Systems
        13.9.1 Overview
        13.9.2 Products and Services
        13.9.3 Strategies and Insights
        13.9.4 Recent Developments
        13.9.5 MNM View
   13.10 Cubic Corporation
         13.10.1 Overview
         13.10.2 Products and Services
         13.10.3 Strategies and Insights
         13.10.4 Recent Developments
         13.10.5 MNM View
   13.11 SKIDATA
         13.11.1 Overview
         13.11.2 Solutions and Services
         13.11.3 Strategies and Insights
         13.11.4 Recent Developments
         13.11.5 MNM View

14 Appendix (Page No. - 50)
   14.1 Discussion Guide
   14.2 Introducing RT: Real Time Market Intelligence
   14.3 Available Customizations
   14.4 Related Reports
 
 
List of Tables (88 Tables) 
  
Table 1 Parking Management Overall Market Size and Growth, 2014-2019 ($ 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 Changing Customer Mindset Is a Major Challenge for Parking Management Vendors In This Market
Table 6 Parking Management Market Size, By System Components and Services, 2012-2019 ($Million)
Table 7 Parking Software Market Size, By Types, 2012-2019 ($Million)
Table 8 Parking Information and Management Systems Market Size, By Regions, 2012-2019 ($Million)
Table 9 Parking Payment Systems Market Size, By Regions, 2012-2019 ($Million)
Table 10 System Devices Market Size, By Types, 2012-2019 ($Million)
Table 11 Parking Meters Market Size, By Regions, 2012-2019 ($Million)
Table 12 Handheld Ticket Writers Market Size, By Regions, 2014-2019 ($Million)
Table 13 Ultrasonic Occupancy Sensors Market Size, By Regions, 2014-2019 ($Million)
Table 14 RFID Transponders Market Size, By Regions, 2014-2019 ($Million)
Table 15 Surveillance Cameras and DVRS Market Size, By Regions, 2014-2019 ($Million)
Table 16 Automated Gates Market Size, By Regions, 2014-2019 ($Million)
Table 17 Other Devices Market Size, By Regions, 2014-2019 ($Million)
Table 18 Professional Services By Types Market Size, By End User, 2014-2019 ($Million)
Table 19 Deployment and Customization Market Size, By Region, 2014-2019 ($Million)
Table 20 Maintenance And Support Market Size, By Region, 2014-2019 ($Million)
Table 21 Parking Management Market Size, By Parking Site Type, 2014-2019 ($Million)
Table 22 on Street Parking Market Size, By Region, 2014-2019 ($Million)
Table 23 off Street Parking Market Size, By Region ($Million)
Table 24 Parking Management Market Size, By Solutions 2014-2019 ($Million)
Table 25 Access Control Market Size, By Types, 2014-2019 ($Million)
Table 26 Biometrics Access Control Market Size, By Regions, 2014-2019 ($Million)
Table 27 Id Management Market Size, By Region, 2014-2019 ($Million)
Table 28 LPR Based Automatic Vehicle Identification  Market Size, By Region, 2014-2019 ($Million)
Table 29 Security and Surveillance Market Size, By Region, 2014-2019 ($Million)
Table 30 Parking Fee and Revenue Management Market Size, By Types, 2014-2019 ($Million)
Table 31 Coin Based Revenue Management Market Size, By Region, 2014-2019 ($Million)
Table 32 Smart Card Based Revenue Management Market Size, By Region, 2014-2019 ($Million)
Table 33 Pay By Plate Revenue Management Market Size, By Region, 2014-2019 ($Million)
Table 34 Parking Reservation Management Market Size, By Region, 2014-2019 ($Million)
Table 35 Valet Parking Management Market Size, By Region, 2014-2019 ($Million)
Table 36 Parking Fee Enforcement and Permit Management Market Size, By Region, 2014-2019 ($Million)
Table 37 Parking Guidance and Slot Management Market Size, By Region, 2014-2019 ($Million)
Table 38 Parking Management Market Size, By Vertical, 2014-2019 ($Million)
Table 39 Academia Market Size, By Region, 2014-2019 ($Million)
Table 40 Government and Municipalities Market Size, By Region, 2014-2019 ($Million)
Table 41 Transportation Market Size, By Region, 2014-2019 ($Million)
Table 42 Recreation Market Size, By Region, 2014-2019 ($Million)
Table 43 Healthcare Market Size, By Region, 2014-2019 ($Million)
Table 44 Hospitality Market Size, By Region, 2014-2019 ($Million)
Table 45 Retail Market Size, By Region, 2014-2019 ($Million)
Table 46 Corporate and Commercial Park Market Size, By Region, 2014-2019 ($Million)
Table 47 BFSI Market Size, By Region, 2014-2019 ($Million)
Table 48 Other Verticals Market Size, By Regions, 2014-2019 ($Million)
Table 49 Parking Management Market Size, By Region, 2014-2019 ($Million)
Table 50 Na Market Size, By System Component And Services, 2014-2019 ($Million)
Table 51 Na Parking Software Market Size, By Types 2014-2019 ($Million)
Table 52 Na System Devices Market Size, By Types, 2014-2019 ($Million)
Table 53 Na Professional Services Market Size, By Types, 2014-2019 ($Million)
Table 54 Na Parking Management Market Size, By Parking Site Types, 2014-2019 ($Million)
Table 55 NA Parking Management Market Size, By Solutions, 2014-2019 ($Million)
Table 56 NaAParking Management Market Size, By Vertical, 2014-2019 ($Million)
Table 57 APAC Market Size, By System Component And Services, 2014-2019 ($Million)
Table 58 APAC Parking Revenue Software Market Size, By Types, 2014-2019 ($Million)
Table 59 APAC System Devices Market Size, By Types, 2014-2019 ($Million)
Table 60 APAC Market Size, By Professional Services, 2014-2019 ($Million)
Table 61 APAC Parking Management Market Size, By Parking Site Types, 2014-2019 ($Million)
Table 62 APAC Parking Management Market Size, By Solutions, 2014-2019 ($Million)
Table 63 APAC Parking Management Market Size, By Verticals, 2014-2019 ($Million)
Table 64 Europe Market Size, By System Components And Services, 2014-2019 ($Million)
Table 65 Europe Parking Software Market Size, By Types, 2014-2019 ($Million)
Table 66 Europe System Devices Market Size, By Types, 2014-2019 ($Million)
Table 67 Europe Professional Services Market Size, By Types, 2014-2019 ($Million)
Table 68 Europe Parking Management Market Size, By Parking Site Types, 2014-2019 ($Million)
Table 69 Europe Parking Management Market Size, By Solutions, 2014-2019 ($Million)
Table 70 Europe Parking Management Market Size, By Verticals, 2014-2019 ($Million)
Table 71 MEA Market Size, By System Components And Services, 2014-2019 ($Million)
Table 72 MEA Parking Software Market Size, By Types, 2014-2019 ($Million)
Table 73 MEA System Devices Market Size, By Types 2014-2019 ($Million)
Table 74 MEA Professional Services Market Size, By Types, 2014-2019 ($Million)
Table 75 MEA Professional Services Market Size, By Types, 2014-2019 ($Million)
Table 76 MEA Parking Management Market Size, By Parking Site Types, 2014-2019 ($Million)
Table 77 MEA Parking Management Market Size, By Solutions, 2014-2019 ($Million)
Table 78 MEA Parking Management Market Size, By Verticals, 2014-2019 ($Million)
Table 79 LA Market Size, By System Component And Services, 2014-2019 ($Million)
Table 80 LA Parking Software Market Size, By Types 2014-2019 ($Million)
Table 81 LA System Devices Market Size, By Types, 2014-2019 ($Million)
Table 82 LA Professional Services Market Size, By Types, 2014-2019 ($Million)
Table 83 LA Parking Management Market Size, By Parking Site Types, 2014-2019 ($Million)
Table 84 LA Parking Management Market Size, By Solutions, 2014-2019 ($Million)
Table 85 LA Parking Management Market Size, By Vertical, 2014-2019 ($Million)
Table 86 New Product Launches, 2010–2014
Table 87 Mergers and Acquisitions, 2010–2014
Table 88 Partnerships, Agreements, Joint Ventures, and Collaborations, 2010–2014
 
 
List Of Figures  (42 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, & Region
Figure 5 Evolution of Parking Management
Figure 6 Na Dominates the Parking Management Market While APAC Projecting Potential Growth
Figure 7 Top Three Revenue Segments In Parking Management Market
Figure 8 Parking Management Market Size And Growth Rate, 2014-2019 ($ Million)
Figure 9 Attractive Market Opportunities In Parking Management Market
Figure 10 Monitoring And Optimization Solution To Grow At The Fastest Rate Among The Top Three Solutions In Parking Management Market
Figure 11 Revenue Pockets For Parking Management Market Players
Figure 12 Lifecycle Analysis, By Regions: APAC Soon To Enter In Exponential Growth Phase
Figure 13 Market Segmentation: By System Components And Services
Figure 14 Market Segmentation: By Parking Site Type
Figure 15 Market Segmentation: By Solutions
Figure 16 Market Segmentation: By Vertical
Figure 17 Market Segmentation: By Region
Figure 18 Need For Smooth Traffic  Is Driving The Parking Management Market
Figure 19 Parking Management: Value Chain Analysis
Figure 20 Parking Management: Porter’s Five Forces Analysis
Figure 21 Parking Software Is Expected To Grow Fastest At A CAGR Of 20.4% during The Forecast Period
Figure 22 Parking Management Market Size in Xx Is Expected To Grow Fastest At A CAGR Of 21.4% during The Forecast Period
Figure 23 Parking Fee And Revenue Management Solution Are Expected To Grow Fastest At A CAGR Of Xx During The Forecast Period
Figure 24 Academia Industry Is Expected To Grow Fastest At A CAGR of Xx% During The Forecast Period
Figure 25 APAC Is Expected To Grow Fastest At A CAGR Of 17.1% during The Forecast Period
Figure 26 Companies Adopted New Product Launches as the Key Product Strategy
Figure 27 Battle for Market Share: New Product Launches Has Been The Key Strategy
Figure 28 Geographic Revenue Mix Of Top 5 Market Players
Figure 29 Xerox: Business Overview
Figure 30 SWOT Analysis
Figure 31 3m: Business Overview
Figure 32 SWOT Analysis
Figure 33 IBM: Business Overview
Figure 34 SWOT Analysis
Figure 35 Siemens: Business Overview
Figure 36 SWOT Analysis
Figure 37 Kapsch : Business Overview
Figure 38 SWARCO Corporation: Business Overview
Figure 39 Amano Corporation: Business Overview
Figure 40 T2 Systems: Business Overview
Figure 41 Cubic Corporation Business Overview
Figure 42 SKIDATA: Business Overview 

The rapid growth in the number of vehicles worldwide is intensifying the problem of the scarcity of parking space. Again according to industry data, 30% of traffic congestion occurs due to vehicle drivers struggling to find parking space. These in turn are magnifying the necessity of smart and efficient parking systems. Today’s intelligent parking management systems are capable of providing extreme level of convenience to the drivers, as well as simplifying and automating the business operation and administrative functions of the parking site owners.

The parking management systems are apt for the smart transportation environment. It automates and smartens the parking management functions by providing solutions such as access control, revenue management, parking enforcement and permit management, security and surveillance, automated valet parking, and parking guidance and slot management. These solutions result in efficient parking management in terms of automating and easing parking payment method for the vehicle drivers, saving their time, and also increasing vehicle holding capacity of the parking garage.

The high growth rate in the registration of new cars worldwide, with major boom from regional economies such as Asia Pacific (APAC), will open the window of opportunities for parking management business. The ongoing and upcoming smart city projects worldwide will create room for the intelligent parking management systems. The global parking management market to grow from $5.0 billion in 2014 to $9.2 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 12.8% during the forecast period 2014–2019

The parking management market is estimated to be at $5.0 billion in 2014. The market is expected to grow in tandem with the growth in vehicle ownerships and parking facilities development. Need for smooth traffic flow, business benefits to the parking site operators, and decreasing hardware and connectivity costs are the key drivers for the parking management industry.

Parking Management MARKET size, 2014 – 2019 ($Million)

Source: MarketsandMarkets Analysis

The table given above highlights the expected parking management revenue across various regions, from 2014 to 2019. MarketsandMarkets expects the global parking management market to grow from $5.0 billion in 2014 to $9.2 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 12.8% during the forecast period 2014–2019

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