HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: June 2018
Report Code: TC 3072

 

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The parking management market size was USD 3.03 Billion in 2017 and is expected to reach USD 5.15 Billion by 2023, growing at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. The base year considered for the study is 2017 and the forecast period is 2018–2023.

Objectives of the Study

  • 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 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

The research methodology used to estimate and forecast the parking management market began with capturing of the data on the key vendor revenues. The market size of the individual segments was determined through various secondary sources including industry associations, white papers, and journals. The vendor offerings were also taken into consideration to determine the market segmentations. The bottom-up approach was employed to arrive at the overall size of the parking management market, by considering the parking management adoption rate in parkings in use and parking management pricing of key players, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments.

The breakdown of the profiles of the primary discussion participants is depicted in the figure below:

Parking Management Market

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

The parking management market ecosystem includes major players, such as 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).

Key Target Audience

  • Compliance regulatory authorities
  • Government agencies
  • Information Technology (IT) companies
  • Investors and Venture Capitalists (VCs)
  • System integrators
  • Value-Added Resellers (VARs) and distributors
  • Parking Management Startups

Scope of the Report

The parking management market takes into account several technology segments, deployment types, solutions, services, and parking sites to arrive at the global market size for parking management during the forecast period.

By Type

  • 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

By Deployment Type

  • On-Premises
  • Cloud

By Parking Site

  • Off-street Parking
  • On-street Parking

By Region

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

Available Customizations

With the given market data, MarketsandMarkets offers customization 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

Table of Contents

1 Introduction (Page No. - 16)
    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 (Page No. - 19)
    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 (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Parking Management Market
    4.2 Market By Type, 2018–2023
    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 (Page No. - 34)
    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

6 Parking Management Market, By Type (Page No. - 40)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Parking Guidance Solution
           6.2.2 Parking Reservation Management
           6.2.3 Parking Permit Management
           6.2.4 Parking Enforcement Management
           6.2.5 Parking Access and Revenue Control
           6.2.6 Parking Security and Surveillance
           6.2.7 Parking Analytics
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Consulting
                    6.3.1.2 System Integration and Deployment
                    6.3.1.3 Support and Maintenance
           6.3.2 Managed Services

7 Parking Management Market, By Parking Site (Page No. - 53)
    7.1 Introduction
    7.2 Off-Street Parking
    7.3 On-Street Parking

8 Market By Deployment Type (Page No. - 57)
    8.1 Introduction
    8.2 On-Premises
    8.3 Cloud

9 Parking Management Market, By Region (Page No. - 61)
    9.1 Introduction
    9.2 North America
           9.2.1 United States
           9.2.2 Canada
    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 (Page No. - 82)
     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 (Page No. - 86)
(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 (Page No. - 123)
     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 (66 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: Parking Management 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 Million)
Table 22 On-Street Parking: Market Size By Region, 2016–2023 (USD Million)
Table 23 Market By Deployment Type, 2016–2023 (USD Million)
Table 24 On-Premises: Market Size By Region, 2016–2023 (USD Million)
Table 25 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 26 Market Size By Region, 2016–2023 (USD Million)
Table 27 North America: Parking Management Market Size, By Country, 2016–2023 (USD Million)
Table 28 North America: Market Size By Type, 2016–2023 (USD Million)
Table 29 North America: Market Size By Solution, 2016–2023 (USD Million)
Table 30 North America: Market Size By Service, 2016–2023 (USD Million)
Table 31 North America: Market Size By Professional Service, 2016–2023 (USD Million)
Table 32 North America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 33 North America: Market Size By Parking Site, 2016–2023 (USD Million)
Table 34 Europe: Parking Management Market Size, By Country, 2016–2023 (USD Million)
Table 35 Europe: Market Size By Type, 2016–2023 (USD Million)
Table 36 Europe: Market Size By Solution, 2016–2023 (USD Million)
Table 37 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 38 Europe: Market Size By Professional Service, 2016–2023 (USD Million)
Table 39 Europe: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 40 Europe: Market Size By Parking Site, 2016–2023 (USD Million)
Table 41 Asia Pacific: Parking Management Market Size, By Country, 2016–2023 (USD Million)
Table 42 Asia Pacific: Market Size By Type, 2016–2023 (USD Million)
Table 43 Asia Pacific: Market Size By Solution, 2016–2023 (USD Million)
Table 44 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 45 Asia Pacific: Market Size By Professional Service, 2016–2023 (USD Million)
Table 46 Asia Pacific: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 47 Asia Pacific: Market Size By Parking Site, 2016–2023 (USD Million)
Table 48 Latin America: Parking Management Market Size, By Country, 2016–2023 (USD Million)
Table 49 Latin America: agement Market Size, By Type, 2016–2023 (USD Million)
Table 50 Latin America: Market Size By Solution, 2016–2023 (USD Million)
Table 51 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 52 Latin America: Market Size By Professional Service, 2016–2023 (USD Million)
Table 53 Latin America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 54 Latin America: Market Size By Parking Site, 2016–2023 (USD Million)
Table 55 Middle East and Africa: Parking Management Market Size, By Country, 2016–2023 (USD Million)
Table 56 Middle East and Africa: Market Size By Type, 2016–2023 (USD Million)
Table 57 Middle East and Africa: Market Size By Solution, 2016–2023 (USD Million)
Table 58 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 59 Middle East and Africa: Market Size By Professional Service, 2016–2023 (USD Million)
Table 60 Middle East and Africa: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 61 Middle East and Africa: Market Size By Parking Site, 2016–2023 (USD Million)
Table 62 Market Ranking, 2018
Table 63 New Product Launches, 2016–2018
Table 64 Business Expansions, 2017–2018
Table 65 Acquisitions, 2015—2018
Table 66 Agreements and Partnerships, 2017–2018


List of Figures (34 Figures)

Figure 1 Parking Management Market: Market Segmentation
Figure 2 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 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 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 parking management market size is expected to grow from USD 3.39 Billion in 2018 to USD 5.15 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. The major driver for the market is expected to be 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 system integration.The scope of the report covers the parking management market analysis by type (solutions and services), deployment type, parking site, and region. The parking access and revenue control solution is expected to account for the largest market share during the forecast period. This solution helps parking operators to manage in and out of vehicles in parking facilities and also empower them to take full control over the parking revenue. The parking guidance solution is expected to grow at the highest CAGR during the forecast period because of rapid deployment of the solution by city authorities. The solution helps save time and fuel by showing the real-time parking availability to drivers.

The professional services segment is expected to hold a larger market size during the forecast period, owing to the growing need for parking management consulting for designing and deployment of solutions, and continuous support and maintenance activities for continuous and seamless working of parking management solutions. Professional services include planning, designing, consulting services, support services, IT maintenance, repairs, and upgrades.

The cloud deployment type is expected to reord a higher growth rate during the forecast period. The cloud-based solutions are cost effective and easily scalable as per business requirements. These advantages encourage companies to adopt cloud-based parking management solutions. Cloud-based solutions facilitate organizations with scalability and the ease of accessibility of organizational content, regardless of employees’ location, thereby helping with business continuity. Cloud-based solutions are widely adopted in the developing countries.

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 by the private sector in its parking facilities. The off-street parking involves proper designing and construction to provide a safe and secure vehicle parking experience for drivers. Moreover, it focuses on ensuring security, pre-booking of parking spots, and parking fee management. All the modern public infrastructure are coming with advanced off-street parking facilities.

Parking Management Market

As per the geographic analysis, the APAC region is expected to record the fastest growth in the global parking management market due to the rapid adoption of advanced technologies and increasing urabnization in developing countries. In addition to this, various smart city projects have been rolled out in the APAC region to enhance the citizen services. These smart city projects address infrastructure, transit, utilities, and connectivity challenges. Parking management is at the center stage of all these smart city projects. 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 address the growing need for better driver and commuter convenience.

The major vendors profiled in the report 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).

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