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

  • ID: 4555984
  • Report
  • Region: Global
  • 131 Pages
  • Markets and Markets
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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%

FEATURED COMPANIES

  • Amano
  • Conduent
  • Indigo Park Services
  • Parkmobile
  • Siemens
  • Swarco
  • MORE

“The growing focus on seamless traffic flow and reduction in fuel consumption is expected to drive the parking management market”
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 parking management 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 is could be the complexity in system integration.

“Cloud deployment type is expected to grow at a higher rate during the forecast period”
The cloud deployment type is expected to record 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.

“Asia Pacific (APAC) is expected to grow at the highest rate during the forecast period”
As per the geographic analysis, the APAC region is expected to witness the fastest growth in the 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 the center stage of all these smart cities projects. North America is expected to hold the largest market share during the forecast period, owing to the large-scale investments in implementing parking management solutions, due to the growing need for better driver and commuter convenience.

The break-up profiles of the primary discussion participants are given below:

  • By Company Type: Tier 1 (53%), Tier 2 (33%), and Tier 3 (14%)
  • By Designation: C-Level (60%), Director Level (10%), and Manager Level (30%)
  • By Region: North America (35%), Europe (25%), APAC (30%), and RoW (10%)

The key parking management market vendors profiled in the report are as follows:
1. Conduent (US)
2. Amano Corporation (Japan)
3. Q-Free ASA (Norway)
4. Indigo Park Services (UK))
5. Streetline (US)
6. SWARCO (Austria)
7. T2 Systems (US)
8. SKIDATA (Austria)
9. Flowbird Group (France)
10. INRIX (US)
11. Chetu (US)
12. Flashparking (US)
13. Parkmobile (US)
14. Passport (US)
15. SpotHero (US)
16. TIBA Parking Systems (US)
17. Urbiotica (Spain)
18. Smart Parking (Australia)
19. SAP (Germany)
20. Siemens (Germany)
21. APCOA (US)
22. Bosch Mobility Solutions (Germany)
23. GET MY PARKING (India)
24. Nester(UAE)
25. NuPark (US)

Research Coverage
The global parking management market has been segmented on the basis of types (solutions and services), deployment types, parking site, and regions. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities across the regions. In addition to this, the strength of product portfolio and business strategy excellence are some of the other analysis included in the report.

Reasons to Buy the Report

The report will help the market leaders/new entrants in the parking management market in the following ways:
1. The report segments the parking management market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps the stakeholders understand the competitors and gain more insights to better their position in the market.

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FEATURED COMPANIES

  • Amano
  • Conduent
  • Indigo Park Services
  • Parkmobile
  • Siemens
  • Swarco
  • MORE

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 Breakup of primaries profiles
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, 2018–2023
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
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
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
7.1 Introduction
7.2 Off-Street Parking
7.3 On-Street Parking

8 Parking Management Market By Deployment Type
8.1 Introduction
8.2 On-Premises
8.3 Cloud

9 Parking Management Market, By Region
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
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
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

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: 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: 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 Parket, 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: 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 Breakup of Primary Sources: 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 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 Parking Management Market, Regional Market Scenario
Figure 11 Growing Adoption of Smart Technologies in North America and Europe is Expected to Drive the Market
Figure 12 Solutions Segment is Expected to Account for A Higher Market Share During the Forecast Period
Figure 13 Parking Access and Revenue Control Solution is Expected to Account for the Largest Market Share During the Forecast Period
Figure 14 Professional Services Segment is Expected to Hold the Higher Market Share During the Forecast Period
Figure 15 Off-Street Parking Site Segment is Expected to Hold the Higher Market Share During the Forecast Period
Figure 16 On-Premises Deployment Type is Expected to Hold the Higher 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 Account for A Larger Market Size During the Forecast Period
Figure 20 Parking Access and Revenue Control Solution is Expected to Hold the Highest Market Share During the Forecast Period
Figure 21 Professional Services Segment is Expected to Hold A Larger Market Size During the Forecast Period
Figure 22 Off-Street Parking Site Segment is Expected to Hold A Larger Market Size During the Forecast Period
Figure 23 On-Premises Deployment Type is Expected to Hold A Larger Market Size By 2023
Figure 24 North America is Expected to Hold 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 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

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  • Amano
  • Apcoa Parking
  • Bosch Mobility
  • Chetu
  • Conduent
  • Flashparking
  • Flowbird Group
  • Get My Parking
  • Indigo Park Services
  • Inrix
  • Nester
  • Nupark
  • Parkmobile
  • Passport Inc.
  • Q-Free
  • SAP
  • Siemens
  • Skidata
  • Smart Parking
  • Spothero
  • Streetline (A Kapsch Company)
  • Swarco
  • T2 Systems
  • Tiba Parking
  • Urbiotica
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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