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Pulished Date August, 2019
ID: 8538
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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), & by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2019 – 2024)

Pulished: August, 2019
ID: 8538
Pages: 170

Parking Management Market Size and Growth (2019 – 2024)

The global parking management market size was valued around USD 3.23 Billion in 2018 and is now expected to reach USD 6.82 Billion by 2024, by growing at a Compound Annual Growth Rate (CAGR) of 9.67% during the forecast period of 2019-2024.

Recent Industry Developments

March 2018: TIBA launched an application called ParkBlue to help access the parking for all car parks. With ParkBlue, parking operators will probably be able to create a cloud-based service that allows them to convert temporary customers into registered users. Drivers may be able to register, book, navigate, and pay for parking with an intuitive and user-friendly application.

June 2018: Q-Free ventured with 2Park to collaborate in designing a frictionless ANPR parking to its North American portfolio through a strategic partnership with ANPR's number one solution in Northern Europe- Autopay.

November 2018: Kapsch TrafficCom (Kapsch) announces the acquisition of eTrans Systems, a Virginia-based provider of connected and autonomous vehicle solutions, which forms the foundation for a broad range of security and mobility applications. This acquisition enriches the Kapsch V2X solution in the rapidly changing landscape of connected and autonomous vehicles.

September 2015:  GreenPeak Technologies, in collaboration with Dusun Electron Ltd., launched a low-cost, smart parking application in China that reduces congestion and increases revenue for parking operators. ParkPlus is working in Boulder, Colorado, to deploy a fully automated parking garage in the western United States through Pearl's Boulder mixed-use development. The company's automated parking system uses lasers to scan cars and a robot valet to park vehicles. The vehicles are transported by a robotic cart that lifts them and transfers them to storage media.

Drivers & Restraints:

The parking management sector is expected to experience substantial growth over the coming years, mainly due to three factors, which are technological advances, traffic congestion, and the need to develop urban infrastructure. Apart from these, some factors like growing focus on seamless traffic flow, the decrease in fuel consumption rates and increasing motor vehicle sales, etc. are also aiding to the growth of the market. However, linking a wide variety of vendors, technologies, and revenue models to a single platform should be the primary restraint faced by this market sector, which is hindering the growth of the market globally. Also, the complexity in system integration can be treated as another hurdle, which is affecting the pace of the market.

The global Parking Management Market report is segmented and sub-segmented as follows:

Global Parking Management Market By Type

  • Solutions
  • Services
  • Consulting
  • System integration & deployment
  • Support & maintenance

Global Parking Management Market By Solution

  • Parking Guidance
  • Reservation Management
  • Permit
  • Enforcement
  • PARC
  • Security & Surveillance
  • Analytics

Global Parking Management Market By Service

  • Professional services

Global Parking Management Market By Deployment Type

  • On-premises
  • Cloud-based

Global Parking Management Market By Parking Site

  • Off-Street Parking
  • On-Street Parking

Global Parking Management Market By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

North America Parking Management Market is expected to occupy the leading position during the forecast period, thanks to large-scale investments in the implementation of parking management solutions responding to the growing need for better driving conditions for drivers and commuters. Whereas, it is the Asia Pacific region that is expected to experience the fastest growth in the global parking management market owing to the factors like the rapid adoption of advanced technologies and the increasing urbanization in developing countries.

Key Market Players:

Some of the key market players actively working in this domain are:

  1. Conduent (US)
  2. Amano Corporation (Japan)
  3. Q-Free ASA (Norway)
  4. Indigo Park Services (UK)
  5. Chetu (US)
  6. Streetline (US)
  7. SWARCO (Austria)
  8. T2 Systems (US)
  9. SKIDATA (Austria)
  10. Flowbird Group (France)
  11. INRIX (US)
  12. Flashpacking (US)
  13. Parkmobile (US) Among Others

For 30 years, TIBA has been providing innovative solutions in the parking market, resulting in reliable and user-friendly products that lower the price of the first acquisition and the cost of on-going maintenance. TIBA has successfully implemented this solution with a focus on software development while continuing to enhance and support its reliable hardware platforms. TIBA serves the operators and owners of car parks around the world, in various sectors, such as the hotel and hospitality industry, airports, universities, shopping centers, hospitals, and medical centers, as well as local, provincial and federal governments.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Solution                       

                                5.1.1 Introduction           

                                5.1.2 Parking Guidance 

                                5.1.3 Reservation Management

                                5.1.4 Permit       

                                5.1.5 Enforcement          

                                5.1.6 Parc            

                                5.1.7 Security & Surveillance      

                                5.1.8 Analytics  

                                5.1.9  Y-o-Y Growth Analysis, By Solution              

                                5.1.10  Market Attractiveness Analysis, By Solution         

                                5.1.11  Market Share Analysis, By Solution           

                5.2 Parking Site                

                                5.2.1 Introduction           

                                5.2.2 Off-Street

                                5.2.3 On-Street

                                5.2.4 Y-o-Y Growth Analysis, By Parking Site        

                                5.2.5 Market Attractiveness Analysis, By Parking Site      

                                5.2.6 Market Share Analysis, By Parking Site       

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Solution

                                                6.1.3.3 By Parking Site

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Solution

                                                6.1.4.3 By Parking Site

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Solution

                                                6.1.5.3 By Parking Site

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Conduent                    

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Amano Corporation                

                8.3 Q-Free ASA                

                8.4 Indigo Park Services                

                8.5 Chetu                            

                8.6 Streetline                    

                8.7 SWARCO                      

                8.8 T2 Systems                 

                8.9 SKIDATA                      

                8.10 Flowbird Group                      

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by solution, by service, by deployment, by region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  •  

 

  1. Global Parking Management Market By Region, From 2019-2024 ( USD Billion )
  2. Global Parking Management Market By Solution, From 2019-2024 ( USD Billion )
  3. Global Parking Guidance Market By Region, From 2019-2024 ( USD Billion )
  4. Global Reservation Management Market By Region, From 2019-2024 ( USD Billion )
  5. Global Permit Market By Region, From 2019-2024 ( USD Billion )
  6. Global Enforcement Market By Region, From 2019-2024 ( USD Billion )
  7. Global PARC Market By Region, From 2019-2024 ( USD Billion )
  8. Global Security & Surveillance Market By Region, From 2019-2024 ( USD Billion )
  9. Global Analytics Market By Region, From 2019-2024 ( USD Billion )
  10. Global Parking Management Market Market By Parking Site, From 2019-2024 ( USD Billion )
  11. Global Off-Street Market By Region, From 2019-2024 ( USD Billion )
  12. Global On-Street Market By Region, From 2019-2024 ( USD Billion )

 

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