Parking Management Market

Parking Management Market by Solution (Parking Guidance, Reservation Management, Permit, Enforcement, PARC, Security & Surveillance, Analytics), Service, Deployment Type, Parking Site (Off-Street and On-Street), and Region - Global Forecast to 2023

Report Code: TC 3072 Jun, 2018, by marketsandmarkets.com
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[130 Pages Report] The market for parking management market size is expected to grow from USD 3.39 billion in 2018 to USD 5.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. The major growth drivers for the parking management market includes the growing focus on seamless traffic flow and reduction in fuel consumption and increasing motor vehicle sales. The major restraining factor for the growth of the market could be the complexity in integration of all the hardware and software into a single system.

Parking Management Market

Market Dynamics

Driver:

Proliferation of mobile and smartphones

The number of mobile phone users is rapidly increasing across the globe. There has also been an increased penetration of smartphone devices in the developing countries over the past few years. According to the GSMA Intelligence, the global smartphone connections reached the 4.1-billion mark in Q2, 2017, and is expected to reach the 5.7-billion mark by 2020. This growth of 1.6 billion new smartphone connections will mainly be led by India, China, Nigeria, Indonesia, and Pakistan. This rapid increase in the penetration of mobile phones and smart phones will lead to convenient accessibility of more connected solutions related to parking management. Parking operators usually use mobile phones to check for parking compliance, navigation to parking violation vehicles, and writing parking tickets. On behalf of parking customers, mobile phones help in determining vacant parking spot availability, reserving parking spots, and navigating them to the vacant parking spaces. Mobile phones also help in managing payments for the customers and the parking operators. Thus, deeper penetration of mobile phones is expected to provide more growth opportunities for parking management solution vendors.

Restraint:

Complexity in system integration

Parking management comprises a variety of hardware sensors, real-time messaging systems, traffic control devices, wireless and wired telecommunications systems, computer servers, and application interfaces. The variety and variability in the parking management hardware infrastructure and software systems are enormous. Also, collecting and analyzing parking data from different systems is necessary to implement the concept of dynamic priced parking. These parking data stores are disparate and often present on incompatible hardware and software systems, making it quite difficult to integrate the data into a coherent whole. Integration of all the hardware and software involved in parking management together into one single platform is difficult and acts as a restraint to the growth of parking management market.

Opportunity:

Optimum utilization of parking spaces

Often, many parking spaces remain unutilized as developers end up building additional spaces in adherence to regulations regarding the size and number of parking spaces. Consistent parking management solutions, such as improved signage and real-time parking indicators, reduce the wastage of parking spaces by informing customers when and where a parking space is available. Parking management also results in the more efficient use of parking resources through better revenue management, by countering over-pricing and under- pricing of parking spaces. An effective and integrated parking management solution can reduce parking requirements by 20–40%, which helps in maintaining city infrastructure, reducing land consumption, increasing revenue generation for the government, and improving user convenience.

Challenge:

High implementation costs

The parking management architecture is very complex and involves many input/output devices and processors. It results in low motivation for parking space operators to adopt new parking management systems. Although the parking management solutions enhance the parking operator’s profitability in the long run, they are costly to implement. Huge initial investments are required for setting up parking management system that constitutes multiple hardware components, such as system planning and design, system development, management and coordination, test evaluation, electronic signs, static signs, communication lines, parking facility equipment, and testing/training, and a software component. Additionally, the recurring cost of operations and maintenance is to be bear on an interval basis. The smaller organizations operating in the parking management space have to pay huge charges for implementing parking management solutions, which becomes a burden for them. Furthermore, the complexity of the system calls for highly skilled labor for installation and maintenance part which further increases the operating cost. The high installation cost, therefore, is a major challenge for the global parking management market.

Based on solution, the PARC solution to hold the largest market size during the forecast period

The Parking Access and Revenue Control (PARC) solution is expected to account for the largest market share during the forecast period. The solution helps parking operators to manage in and out of vehicles in parking facilities and also empowers them to take full control over the parking revenue. This is one of the primary solutions that parking operators are looking for their parking facilities. This solution automates the access control and revenue collections at parking sites.

Based on parking site, the off-street parking site to hold the largest market size during the forecast period

The off-street parking is expected to hold a larger market size during the forecast period, owing to huge investments made by authorities in multi-level parking, and also by the private sector in its parking facilities. Additionally, the off-street parking has witnessed a number of innovations to enable efficient parking; for instance, nowadays, advanced garages are equipped with robotic valet systems that help in parking management.

Based on deployment type, the cloud segment to grow at the higher growth rate during the forecast period

The cloud deployment type vertical is estimated to grow at the higher rate during the forecast period, owing to the high adoption of cloud based parking management solutions. SMEs significantly consider and prefer the cloud-based parking management solutions, as the cloud deployment requires less capital investment, decreases operational and maintenance costs, and reduces management efforts. In addition to this, the cloud-based solutions facilitate organizations with scalability and the ease of accessibility of organizational content, regardless of employees’ location, thereby helping with business continuity.

Parking Management Market

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size during the forecast period, owing to the large-scale investments in implementing parking management solutions to meet the growing need for better driver and commuter convenience. The US and Canada have been expansively implementing parking management solutions with the increasing adoption of mobile devices as well as the rising focus on managing the growing traffic congestion. The strong inclination toward mobility is encouraging customers to manage parking from their own devices. Moreover, cloud-based solutions have also penetrated the market to provide cost-effective ways of managing the parking facilities.

Key Market Players for Parking Management Market

Major vendors in the global parking management market include Conduent (US), Amano Corporation (Japan), Q-Free ASA (Norway), Indigo Park Services (UK)), Chetu (US), Streetline (US), SWARCO (Austria), T2 Systems (US), SKIDATA (Austria), Flowbird Group (France), INRIX (US), Flashparking (US), Parkmobile (US), Passport (US), SpotHero (US), TIBA Parking Systems (US), Urbiotica (Spain), Smart Parking (Australia), SAP (Germany), Siemens (Germany), APCOA (US), Bosch Mobility Solutions (Germany), GET MY PARKING (India), Nester(UAE), and NuPark (US).These companies have adopted various strategies such as acquisitions; expansions; new product launches and product enhancements; and partnerships, agreements, and collaborations to cater to the growing demand for parking management solutions across the globe as well as to strengthen their position in the market.

Scope of the Report

Report Metrics

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Billion (USD)

Segments covered

Type (Solutions and Services), Deployment Type, Parking Site, and Regions

Geographies covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Companies covered

Conduent (US), Amano Corporation (Japan), Q-Free ASA (Norway), Indigo Park Services (UK), Chetu (US), Streetline (US), SWARCO (Austria), T2 Systems (US), SKIDATA (Austria), Flowbird Group (France), INRIX (US), Flashparking (US), Parkmobile (US), Passport (US), SpotHero (US), TIBA Parking Systems (US), Urbiotica (Spain), Smart Parking (Australia), SAP (Germany), Siemens (Germany), APCOA (US), Bosch Mobility Solutions (Germany), GET MY PARKING (India), Nester (UAE), and NuPark (US)

The research report categorizes the market based on type (solutions and services), deployment type, parking site, and regions.

Based on Type, the Parking Management market has the following segments:

  • Solutions
    • Parking Guidance Solution
    • Parking Reservation Management
    • Parking Permit Management
    • Parking Enforcement Management
    • Parking Access and Revenue Control
    • Parking Security and Surveillance
    • Parking Analytics
  • Services
    • Professional services
  • Consulting
  • System Integration and Deployment
  • Support and Maintenance
    • Managed services

Based on Deployment Type, the market has the following segments:

  • On-Premises
  • Cloud

Based on Parking Site, the market has the following segments:

  • Off-street Parking
  • On-street Parking

Based on Region, the Parking Management market has the following segments

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

Recent Developments

  • In March 2018, TIBA Parking launched the ParkBlue suite that transforms the traditional access control and parking in cities across the globe. It consists of Bluetooth and LPR capabilities at the frontend and business intelligence tools in the backend. With the use of this suite, drivers could register, reserve, navigate, and pay for the parking through a user-friendly, intuitive application
  • In February 2018, Amano McGann, a subsidiary of Amano in the US, acquired Computerized Valet Parking Systems (CVPS), a division of Service Tracking Systems, Inc. This acquisition enables Amano to expand and enhance their capabilities, markets, technological capacities, and customer services in the US
  • In November 2016, SAP launched new connected parking solutions that leverage cloud, smart devices, and Big Data technologies. These solutions would improve management of parking locations for cars, motorcycles, and trucks
  • In June 2017, IndigoPark Services partnered with Valeo and Cisco in Issy-Les-Moulineaux to develop and test an autonomous smart parking technology. This partnership aimed at enhancing Indigo Park Services’s solutions capabilities and making them future proof
  • In April 2017, Conduent made its presence in Saudi Arabia and Cambodia by deploying its industry-leading parking management solutions to 7 airports. It has deployed the web platform, the 2D barcode contactless technology, Automatic Number-Plate Recognition (ANPR), credit-card payment, and bank note recycling and dispensing on Pay on Foot stations.

Critical Questions the Report Answers

  • What are the current technology trends that are driving the parking management market?
  • What is the adoption of parking management solutions in various parking site?
  • Where will all these developments take the industry in the mid to long-term?
  • Which companies are the top vendors in the parking management market and what is their competitive analysis?
  • What are the drivers and challenges of the parking management market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction
 
   1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology
   
2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions and Limitations
           2.3.1 Assumptions
           2.3.2 Limitations

3 Executive Summary

4 Premium Insights
   
4.1 Attractive Market Opportunities in the Parking Management Market
    4.2 Market, By Type, 2018–202330
    4.3 Market, By Solution, 2018–2023
    4.4 Market, By Service, 2018–2023
    4.5 Market, By Parking Site, 2018–2023
    4.6 Market, By Deployment Type, 2018–2023
    4.7 Market Investment Scenario

5 Market Overview and Industry Trends
   
5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Focus on Seamless Traffic Flow and Reduction in Fuel Consumption
                    5.2.1.2 Adoption of Cloud Computing and IoT Technologies
                    5.2.1.3 Increasing Motor Vehicle Sales Driving the Demand for Parking Spaces
                    5.2.1.4 Proliferation of Mobile and Smartphones
           5.2.2 Restraints
                    5.2.2.1 Complexity in System Integration
           5.2.3 Opportunities
                    5.2.3.1 Increasing Adoption of Smart Cities By Governments Across Regions
                    5.2.3.2 Optimum Utilization of Parking Spaces
                    5.2.3.3 Technological Advancements in Autonomous Cars
           5.2.4 Challenges
                    5.2.4.1 High Implementation Costs
                    5.2.4.2 Rapid Changes in Technologies
    5.3 Use Cases
    5.4 Impact of Disruptive Technologies
           5.4.1 Artifical Intelligence (AI)
           5.4.2 Internet of Things (IoT)
           5.4.3 Big Data

6 Parking Management Market, By Type
   
6.1 Introduction 
    6.2 Solutions 
           6.2.1 Parking Guidance Solution
                    6.2.1.1 Parking Guidance Assist Drivers in Real-Time
           6.2.2 Parking Reservation Management
                    6.2.2.1 Reservation Management Ensures Timely Reservation of Parking Space
           6.2.3 Parking Permit Management
                    6.2.3.1 Permit Management Enables Parking Enforcement
           6.2.4 Parking Enforcement Management
                    6.2.4.1 Parking Enforcement Keep Track of Off-Street Violations and Lot Occupancy in Real-Time
           6.2.5 Parking Access and Revenue Control
                    6.2.5.1 Parc Enables Operators in Efficient Collection of Parking Revenues
           6.2.6 Parking Security and Surveillance
                    6.2.6.1 High Priority on Securing Parking Sites is Driving the Implemntation of Security and Surveillance Solutions
           6.2.7 Parking Analytics
                    6.2.7.1 Analytics Enables Parking Operators to Understand Parking Usage and Level of Efficiency
    6.3 Services 
           6.3.1 Professional Services
                    6.3.1.1 Consulting
                               6.3.1.1.1 Consulting Aids in Effective Utilization of Parking Lot
                    6.3.1.2 System Integration and Deployment
                               6.3.1.2.1 the Integration and Deployment Services Resolves the Complexities in the Integration of Many Interdependent Systems
                    6.3.1.3 Support and Maintenance
                               6.3.1.3.1 Increased Need for Real Time Customer Support is Boostign the Need for Support and Maintenance Services
           6.3.2 Managed Services
                    6.3.2.1 Managed Services Improves the Quality of Service to the Users

7 Parking Management Market, By Parking Site
    7.1 Introduction 
    7.2 Off-Street Parking 
           7.2.1 High Investment is Being Witnessed in the Off Street Parking Segment
    7.3 On-Street Parking 
           7.2.3 on Street Parking Majorly Focuses on Enforcement and Access Control
    7.4 Connected Markets 
           7.4.1 Automated Parking System Market
           7.4.2 Parking Reservation System Market
           7.4.3 Automated Fare Collection Market

8 Market, By Deployment Type
   
8.1 Introduction 
    8.2 On-Premises
           8.2.1 Large Enterprises are Largest Adopters of On-Premises Based Parking Management Solutions
    8.3 Cloud 
           8.3.1 SMEs are Rapidly Adopting Clod Based Parking Management Solutions

9 Parking Management Market, By Region
   
9.1 Introduction 
    9.2 North America 
           9.2.1 United States
                    9.2.1.1 High Adoption of Smart Technologies is Witnessed in the Parking Industry
           9.2.2 Canada
                    9.2.1.2 Longer Commute Time is Driving the Deployment of Efficient Parking Management Solutions
    9.3 Europe 
           9.3.1 United Kingdom
           9.3.2 Germany
           9.3.3 Rest of Europe
    9.4 Asia Pacific 
           9.4.1 China
           9.4.2 Japan
           9.4.3 Rest of Asia Pacific
    9.5 Latin America 
           9.5.1 Brazil
           9.5.2 Mexico
           9.5.3 Rest of Latin America
    9.6 Middle East and Africa 
           9.6.1 United Arab Emirates
           9.6.2 South Africa
           9.6.3 Rest of Middle East and Africa

10 Competitive Landscape
  
   10.1 Overview 
     10.2 Market Ranking Analysis 
     10.3 Competitive Scenario 
             10.3.1 New Product Launches
             10.3.2 Business Expansions
             10.3.3 Mergers and Acquisitions
             10.3.4 Agreements and Partnerships

11 Company Profiles
(Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MnM View)
     11.1 Conduent 
     11.2 Indigo Park Services 
     11.3 Amano 
     11.4 Swarco 
     11.5 Q-Free 
     11.6 Streetline (A Kapsch Company) 
     11.7 T2 Systems 
     11.8 Skidata 
     11.9 Flowbird Group 
     11.10 Inrix 
     11.11 Flashparking 
     11.12 Chetu 
     11.13 Parkmobile 
     11.14 Passport Inc. 
     11.15 Spothero 
     11.16 Tiba Parking 
     11.17 Urbiotica 
     11.18 Smart Parking 
     11.19 SAP 
     11.20 Siemens 
     11.21 Key Innovators 
             11.21.1 Apcoa Parking
             11.21.2 Bosch Mobility
             11.21.3 Get My Parking
             11.21.4 Nester
             11.21.5 Nupark

*Details on Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
    
12.1 Discussion Guide 
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal 
     12.3 Introducing RT: Real-Time Market Intelligence 
     12.4 Available Customizations 
     12.5 Related Reports 
     12.6 Author Details 

List of Tables (127 Tables)

Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Parking Management Market, By Type, 2016–2023 (USD Million)
Table 3 Solutions: Market Size, 2016–2023 (USD Million)
Table 4 Solutions: Market Size, By Region, 2016–2023 (USD Million)
Table 5 Parking Guidance Solution Market Size, By Region, 2016–2023 (USD Million)
Table 6 Parking Reservation Management Market Size, By Region, 2016–2023 (USD Million)
Table 7 Parking Permit Management Market Size, By Region, 2016–2023 (USD Million)
Table 8 Parking Enforcement Management Market Size, By Region, 2016–2023 (USD Million)
Table 9 Parking Access and Revenue Control Market Size, By Region, 2016–2023 (USD Million)
Table 10 Parking Security and Surveillance Market Size, By Region, 2016–2023 (USD Million)
Table 11 Parking Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 12 Services: Market Size, 2016–2023 (USD Million)
Table 13 Services: Market Size, By Region, 2016–2023 (USD Million)
Table 14 Professional Services Market Size, By Type, 2016–2023 (USD Million)
Table 15 Professional Services Market Size, By Region, 2016–2023 (USD Million)
Table 16 Consulting Market Size, By Region, 2016–2023 (USD Million)
Table 17 System Integration and Deployment Market Size, By Region, 2016–2023 (USD Million)
Table 18 Support and Maintenance Market Size, By Region, 2016–2023 (USD Million)
Table 19 Managed Services Market Size, By Region, 2016–2023 (USD Million)
Table 20 Parking Management Market, By Parking Site, 2016–2023 (USD Million)
Table 21 Off-Street Parking: Market Size, By Region, 2016–2023 (USD Milion)
Table 22 On-Street Parking: Market Size, By Region, 2016–2023 (USD Million)
Table 23 Automated Parking System Market, By Automation Level, 2017–2027 (‘000 Parking Spaces)
Table 24 Market, By Automation Level, 2017–2027 (USD Million)
Table 25 Fully Automated: Market, By Region, 2017–2027 (‘000 Parking Spaces)
Table 26 Fully Automated: Market, By Region, 2017–2027 (USD Million)
Table 27 Semi-Automated: Market, By Region, 2017–2027 (‘000 Parking Spaces)
Table 28 Semi-Automated: Market, By Region, 2017–2027 (USD Million)
Table 29 Market, By Platform Type, 2017–2027 (USD Million)
Table 30 Palleted: Market, By Region, 2017–2027 (USD Million)
Table 31 Non-Palleted: Market, By Region, 2017–2027 (USD Million)
Table 32 Market, By End-User Type, 2017–2027 (USD Million)
Table 33 Residential: Market, By Region, 2017–2027 (USD Million)
Table 34 Commercial: Market, By Region, 2017–2027 (USD Million)
Table 35 Mixed-Use: Market, By Region, 2017–2027 (USD Million)
Table 36 Automated Parking System Market, By Design Model Type, 2017–2027 (‘000 Parking Spaces)
Table 37 Market, By System Type, 2017–2027 (USD Million)
Table 38 Hardware: Market, By Region, 2017–2027 (USD Million)
Table 39 Software: Market, By Region, 2017–2027 (USD Million)
Table 40 Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 41 On-Street Parking: Market Size, By Type, 2013-2020 (USD Million)
Table 42 Off-Street Parking: Market Size, By Type, 2013-2020 (USD Million)
Table 43 On-Street Parking: Market Size, By Region, 2013-2020 (USD Million)
Table 44 Off-Street Parking: Market Size, By Region, 2013-2020 (USD Million)
Table 45 On-Street Valet Parking: Market Size, By Region, 2013-2020 (USD ’000 Thousand)
Table 46 On-Street Manual Parking: Market Size, By Region, 2013-2020 (USD Million)
Table 47 Off-Street Valet Parking: Market Size, By Region, 2013-2020 (USD Million)
Table 48 Off-Street Manual Parking: Market Size, By Region, 2013-2020 (USD Million)
Table 49 Off-Street Automated Parking: Market Size, By Region, 2013-2020 (USD ’000 Thousand)
Table 50 Parking Reservation System Market Size, By Solution, 2013-2020 (USD Million)
Table 51 Web-Based Solution: Market Size, By Region, 2013-2020 (USD Million)
Table 52 Web-Based Solution: Market Size, By Vertical, 2013-2020 (USD Million)
Table 53 Mobile Application-Based Solution: Market Size, By Region, 2013-2020 (USD Million)
Table 54 Mobile Application-Based Solution: Market Size, By Vertical, 2013-2020 (USD Milion)
Table 55 Voice Call-Based Solution: Market Size, By Region, 2013-2020 (USD Million)
Table 56 Voice Call-Based Solution: Market Size, By Vertical, 2013-2020 (USD Million)
Table 57 Global Market Size, By Application, 2014–2021 (USD Million)
Table 58 Rail and Transport: Market Size, By Region, 2014–2021 (USD Million)
Table 59 Parking: Market Size, By Region, 2014–2021 (USD Million)
Table 60 Theme Park: Market Size, By Region, 2014–2021 (USD Million)
Table 61 Others: Market Size, By Region, 2014–2021 (USD Million)
Table 62 Global Automated Fare Collection Main Market Size, 2014–2021 (USD Million)(
Table 63 Global Automated Fare Collection Market Size, By Service Type, 2014–2021 (USD Million)
Table 64 Consulting: Market Size, By Region, 2014–2021 (USD Million)
Table 65 System Implementation: Market Size, By Region, 2014–2021 (USD Million)
Table 66 Training, Support, and Maintenance: Market Size, By Region, 2014–2021 (USD Million)
Table 67 Managed Services: Market Size, By Region, 2014–2021 (USD Million)
Table 68 Global Market Size, By Technology, 2014–2021 (USD Million)
Table 69 Near Field Communication: Market Size, By Region, 2014–2021 (USD Million)
Table 70 Magnetic Stripes: Market Size, By Region, 2014–2021 (USD Million)
Table 71 Others: Market Size, By Region, 2014–2021 (USD Million)
Table 72 Market, By Deployment Type, 2016–2023 (USD Billion)
Table 73 On-Premises: Market Size By Region, 2016–2023 (USD Billion)
Table 74 Cloud: Market Size By Region, 2016–2023 (USD Billion)
Table 75 Market Size By Region, 2016–2023 (USD Billion)
Table 76 North America:Parking Management Market Size By Country, 2016–2023 (USD Billion)
Table 77 North America: Market Size By Type, 2016–2023 (USD Billion)
Table 78 North America: Market Size By Solution, 2016–2023 (USD Billion)
Table 79 North America: Market Size By Service, 2016–2023 (USD Billion)
Table 80 North America: Market Size By Professional Service, 2016–2023 (USD Billion)
Table 81 North America: Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 82 North America: Market Size By Parking Site, 2016–2023 (USD Billion)
Table 83 US: Market Size By Type, 2016–2023 (USD Billion)
Table 84 US: Market Size By Solution, 2016–2023 (USD Billion)
Table 85 US: Market Size By Service, 2016–2023 (USD Billion)
Table 86 US: Market Size By Professional Service, 2016–2023 (USD Billion)
Table 87 US: Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 88 US: Market Size By Parking Site, 2016–2023 (USD Billion)
Table 89 Canada: Market Size By Type, 2016–2023 (Canadad Billion)
Table 90 Canada: Market Size By Solution, 2016–2023 (Canadad Billion)
Table 91 Canada: Market Size By Service, 2016–2023 (Canadad Billion)
Table 92 Canada: Market Size By Professional Service, 2016–2023 (Canadad Billion)
Table 93 Canada: Market Size By Deployment Type, 2016–2023 (Canadad Billion)
Table 94 Canada: Market Size By Parking Site, 2016–2023 (Canadad Billion)
Table 95 Europe: Parking Management Market Size, By Country, 2016–2023 (USD Billion)
Table 96 Europe: Market Size By Type, 2016–2023 (USD Billion)
Table 97 Europe: Market Size By Solution, 2016–2023 (USD Billion)
Table 98 Europe: Market Size By Service, 2016–2023 (USD Billion)
Table 99 Europe: Market Size By Professional Service, 2016–2023 (USD Billion)
Table 100 Europe: Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 101 Europe: Market Size By Parking Site, 2016–2023 (USD Billion)
Table 102 Asia Pacific: Parking Management Market Size, By Country, 2016–2023 (USD Billion)
Table 103 Asia Pacific: Market Size By Type, 2016–2023 (USD Billion)
Table 104 Asia Pacific: Market Size By Solution, 2016–2023 (USD Billion)
Table 105 Asia Pacific: Market Size By Service, 2016–2023 (USD Billion)
Table 106 Asia Pacific: Market Size By Professional Service, 2016–2023 (USD Billion)
Table 107 Asia Pacific: Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 108 Asia Pacific: Market Size By Parking Site, 2016–2023 (USD Billion)
Table 109 Latin America: Parking Management Market Size, By Country, 2016–2023 (USD Billion)
Table 110 Latin America: Market Size By Type, 2016–2023 (USD Billion)
Table 111 Latin America: Market Size By Solution, 2016–2023 (USD Billion)
Table 112 Latin America: Market Size By Service, 2016–2023 (USD Billion)
Table 113 Latin America: Market Size By Professional Service, 2016–2023 (USD Billion)
Table 114 Latin America: Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 115 Latin America: Market Size By Parking Site, 2016–2023 (USD Billion)
Table 116 Middle East and Africa: Parking Management Market Size, By Country, 2016–2023 (USD Billion)
Table 117 Middle East and Africa: Market Size By Type, 2016–2023 (USD Billion)
Table 118 Middle East and Africa: Market Size By Solution, 2016–2023 (USD Billion)
Table 119 Middle East and Africa: Market Size By Service, 2016–2023 (USD Billion)
Table 120 Middle East and Africa: Market Size By Professional Service, 2016–2023 (USD Billion)
Table 121 Middle East and Africa: Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 122 Middle East and Africa: Market Size By Parking Site, 2016–2023 (USD Billion)
Table 123 Market Ranking, 2018
Table 124 New Product Launches, 2016–2018
Table 125 Business Expansions, 2017–2018
Table 126 Acquisitions, 2015—2018
Table 127 Agreements and Partnerships, 2017–2018


List of Figures (34 Figures)

Figure 1 Parking Management Market: Market Segmentation
Figure 2 Parking Management Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Parking Management Market: Assumptions
Figure 8 Parking Management Market Size and Growth, 2016–2023 (USD Million, Y-O-Y %)
Figure 9 Top Growing Segments in the Market During the Forecast Period
Figure 10 Parking Management Market, Regional Market Scenario
Figure 11 High Smart Technology Adoption in North America and Europe is Expected to Be Driving the Growth of the Parking Management Market
Figure 12 Solutions Segment is Expected to Hold the Larger Market Share During the Forecast Period
Figure 13 Parking Access and Revenue Control Solution is Expected to Hold the Largest Market Share During the Forecast Period
Figure 14 Professional Services Segment is Expected to Hold the Larger Market Share During the Forecast Period
Figure 15 Off-Street Parking Site Segment is Expected to Hold the Larger Market Share During the Forecast Period
Figure 16 On-Premises Deployment Type is Expected to Hold the Larger Market Share During the Forecast Period
Figure 17 Parking Management Market: Market Investment Scenario
Figure 18 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Solutions Segment is Expected to Hold the Larger Market Share During the Forecast Period
Figure 20 Parking Access and Revenue Control Solution is Expected to Hold the Largest Market Share During the Forecast Period
Figure 21 Professional Services Segment is Expected to have the Larger Market Size During the Forecast Period
Figure 22 Off-Street Parking Site Segment is Expected to have the Larger Market Size During the Forecast Period
Figure 23 On-Premises Deployment Type is Expected to have the Larger Market Size By 2023
Figure 24 North America is Expected to have the Largest Market Size in the Parking Management Market During the Forecast Period
Figure 25 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments By Leading Players in the Parking Management Market During 2015–2018
Figure 29 Conduent: Company Snapshot
Figure 30 Amano: Company Snapshot
Figure 31 Q-Free: Company Snapshot
Figure 32 Smart Parking: Company Snapshot
Figure 33 SAP: Company Snapshot
Figure 34 Siemens: Company Snapshot

The study consists of 4 major activities to estimate the current market size of the parking management market. An extensive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the parking management market.

Secondary research

In the secondary research process, various secondary sources such as D&B Hoovers and Bloomberg BusinessWeek have been referred to for identifying and collecting information for the study. Secondary sources included annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors, gold standard and silver standard websites, Research and Development (R&D) organizations, regulatory bodies, and databases.

Primary Research

Various primary sources from both supply and demand sides of the parking management market were interviewed to obtain qualitative and quantitative information for the study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors of parking management solutions, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. Following is the profile breakup of primary respondents:

Parking Management Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the parking management market. The methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The market size, in terms of value, was determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups were determined using secondary sources and verified through primary sources.

Data triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using the study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To determine and forecast the global parking management market on the basis of types (solutions and services), deployment types, parking site, and regions from 2018 to 2023, and analyze the various macro and microeconomic factors that affect the market growth
  • To forecast the size of the market segments with respect to the 5 main regions, namely, North America, Europe, Latin America, Asia Pacific (APAC), and Middle East and Africa (MEA)
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the parking management market
  • To analyze each submarket with respect to the individual growth trends, prospects, and contributions to the total market
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments of the market
  • To profile the key market players, provide comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market
  • To track and analyze the competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities in the market

Available Customizations

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

Geographic Analysis

  • Further country-level breakdown of the North American parking management market
  • Further country-level breakdown of the European market
  • Further country-level breakdown of the APAC market
  • Further country-level breakdown of the MEA market
  • Further country-level breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

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Related Technologies/Products

 

Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 3072
Published ON
Jun, 2018
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