Global Parking Management market is anticipated to grow with 10.93% CAGR during the forecast period 2018-2026. The base year considered for the study is 2017 and the estimated period is between 2018 and 2026. Some of the factors that are driving the market are: Booming Automotive Industry. Need to reduce traffic congestion. Automotive thefts on the rise

GLOBAL PARKING MANAGEMENT MARKET FORECAST 2018-2026

Global Parking Management Market by parking site type (off street parking, on street parking), by software & service (software, professional services), by solutions (access control, parking guidance & slot management, parking reservation management, parking fee & revenue management, parking fee enforcement & permit management, valet parking management and security & surveillance), by vertical (government & municipalities, recreation, corporate & commercial parks, academia, healthcare, retail, banking & financial institutions, transportation, hospitality and other verticals) &  Geography

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Global Parking Management market is anticipated to grow with 10.93% CAGR during the forecast period 2018-2026. The base year considered for the study is 2017 and the estimated period is between 2018 and 2026. Some of the factors that are driving the market are:

  • Booming Automotive Industry
  • Need to reduce traffic congestion
  • Automotive thefts on the rise
  • Advancements in real-time information regarding parking
  • Growing number of smart city projects across the globe
  • Rise in demand for Advanced License Plate Recognition (LPR) Technology for surveillance

The primary drivers that are responsible for the market progression include the increased production & sales of automobiles across the world and the rising need for parking management systems due to traffic congestion. Also, there is a high concern for safety and security of the vehicles due to increase in automobile thefts across the world. According to the Interpol, around 1, 23,000 motor vehicles were stolen across the world in the year 2015, and hence this is another important factor that is responsible for the growth of the market.

The market is primarily dominated by the access control solution, which accounted for a market share of XX% in the year 2017. Access control is a security technique, which is used to control what or who can use or view resources in a computing environment. The access control system performs identification, authorization, access approval, authentication and accountability of entities, such as vehicles for the parking management through biometrics, ID management, license plate recognition- based automatic vehicles identification. Access control is being integrated with parking system revenue generation or can be employed only as a parking access control system. The major driving factor of access control market is the issues related to security, safety, and connectivity which increases the use of access control parking management solutions.

With increased implementation & utilization in the Parking Management systems, newer challenges have been introduced in the market. Controlling the cost involved in the development & implementation of the system is one of the key challenges faced by the market. Further, licensing, maintenance cost of system, training expenses of personnel and hurdles in upgrading traditional parking spaces are some of the major issues which are profoundly pulling back the Parking Management market.

The global parking management market has been segmented on the basis of components, parking site type, by solution & by verticals. Their further sub-segmentation is as follows-

By Components:

  • Software
  • Professional Service

By Parking Site:

  • On Street
  • Off Street

By Solution:

  • Access Control
  • Parking guidance and slot management
  • Parking and reservation management
  • Parking fee and revenue management
  • Parking fee enforcement and permit management
  • Valet parking management
  • Security and surveillance

In above segments the revenue for access control, security & surveillance is specific only to Parking management.

By Verticals:

  • Government and municipalities
  • Recreation
  • Corporate and commercial parks
  • Academia
  • Healthcare
  • Retail
  • Banking and financial institutions
  • Transportation
  • Hospitality
  • Other Verticals

The report scope is widely categorized on the basis of its major components, which includes hardware, software and services. However, the total market revenue in the report is calculated as the sum of software & service components only. Revenue from hardware component is excluded from the scope of the report.

On the basis of geography, the Global Parking Management market has been segmented into four major regions:

North America accounts for the largest market share of the Global Parking Management market. In the year 2017, it accounts for the XX% market share. Increasing growth in the vehicle sales and increasing demand for vehicle parking space has promoted immense growth in the market. The countries from North America like the United States and Canada, are increasingly adopting Parking Management for security reasons. The presence of the key players and a well-established IT infrastructure are the key motivators for the growth of this market. However, the Asia Pacific region is the fastest growing region. The rising demand for a systematic and smooth flow of traffic and strategic parking space management has been the major drivers in the parking management system in the Asia-Pacific. Parking management has ample amount of opportunities for the organizations to develop in the smart cities that are developing across this region, mainly in the countries such as India, Japan, China and South Korea.

Global Parking Management market is segmented on the basis of its solutions type into access control, parking guidance & slot management, parking reservation management, parking fee & revenue management, parking fee enforcement & permit management, valet parking management & security, surveillance. Further, the market is segmented into Verticals, such as government & municipalities, recreation, corporate & commercial parks, academia, healthcare, retail, banking, financial institutions, transportation, hospitality and others. The market is also segmented on the basis of its components and parking site type. Components segment includes software & professional services while the parking site type segment includes off- street parking and on-street parking.

The key companies operating in the Global Parking Management market are:

  • SKIDATA AG
  • International Business Machines Corporation (IBM)
  • CISCO Systems Inc.
  • Amano McGann Inc.
  • T2 Systems Inc.
  • And others

Company profiles of the prominent market players are discussed in detail. Most of the companies look for strategies such as merger & acquisition, partnership, contracts, agreements, and new product launch, in order to gain a competitive edge over other companies. In March 2018, SKIDATA AG expanded its presence in the Asia-Pacific region through its acquisition of a controlling interest in Cytel Ltd.  In February 2018, Amano McGann, Inc. acquired Computerized Valet Parking Systems, a division of Service Tracking Systems, Inc. (CVPS).

Key findings of the Global Parking Management market:

  • North America accounts for the largest market share of the overall Parking Management Market.
  • China & India are the key contributors to the growth of the Asia Pacific market.
  • The market for the Parking Fee & Revenue management is expected to be the fastest growing, as compared to other solutions of Parking Management.
  • Recreation and Government are the two key verticals of this market.
  • Off-street parking is commanding the Parking Management Market in terms of parking site type.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • NORTH AMERICA CAPTURED MAJOR CHUNK OF THE OVERALL MARKET
      • INDIA & JAPAN ARE DRIVING THE ASIA PACIFIC MARKET
      • INCREASED DEMAND OF ACCESS CONTROL SYSTEMS
      • GROWING NUMBER OF SMART CITY PROJECTS
  1. MARKET DYNAMICS
    • MARKET DEFINITION & SCOPE
    • MARKET DRIVERS
      • BOOMING AUTOMOTIVE INDUSTRY
      • NEED TO REDUCE TRAFFIC CONGESTION
      • AUTOMOTIVE THEFTS ON THE RISE
      • ADVANCEMENT IN REAL TIME INFORMATION REGARDING PARKING
      • RISE IN DEMAND OF ADVANCED LICENSE PLATE RECOGNITION (LPR) TECHNOLOGY FOR SURVEILLANCE
    • MARKET RESTRAINTS
      • HIGH COST ASSOCIATED WITH IMPLEMENTATION
      • HURDLES IN UPGRADING TRADITIONAL PARKING SPACES
    • MARKET OPPORTUNITIES
      • EMERGENCE OF SMART PARKING SYSTEMS
      • URBANIZATION AND RISE IN VEHICULAR TRAFFIC
      • OPTIMAL UTILIZATION OF SPACE
    • MARKET CHALLENGES
      • LICENSING AND MAINTENANCE COSTS
      • TRAINING EXPENSE OF PERSONNEL
  1. MARKET BY PARKING SITE TYPE
    • OFF STREET PARKING
    • ON STREET PARKING
  2. MARKET BY SOFTWARE & SERVICE
    • SOFTWARE
    • PROFESSIONAL SERVICES
  3. MARKET BY SOLUTION
    • ACCESS CONTROL
    • PARKING GUIDANCE & SLOT MANAGEMENT
    • PARKING RESERVATION MANAGEMENT
    • PARKING FEE & REVENUE MANAGEMENT
    • PARKING FEE ENFORCEMENT & PERMIT MANAGEMENT
    • VALET PARKING MANAGEMENT
    • SECURITY & SURVEILLANCE
  4. MARKET BY VERTICALS
    • GOVERNMENT & MUNICIPALITIES
    • RECREATION
    • CORPORATE & COMMERCIAL PARKS
    • ACADEMIA
    • HEALTHCARE
    • RETAIL
    • BANKING & FINANCIAL INSTITUTIONS
    • TRANSPORTATION
    • HOSPITALITY
    • OTHER VERTICALS
  5. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE PRODUCT
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • PERFORMANCE
      • FLEXIBILITY
      • SECURITY
      • PRICING
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
  6. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & NORTH AFRICA (MENA)
      • REST OF AFRICA
  1. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • CORPORATE STRATEGIES
    • COMPANY PROFILES
      • 3M COMPANY
      • AMANO MCGANN INC
      • CISCO SYSTEMS INC
      • CUBIC CORPORATION
      • DEUTSCHE TELEKOM AG
      • GEMALTO NV
      • HCL INFOTECH LTD.
      • INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
      • INDIGO
      • INRIX INC
      • KPASCH TRAFFICOM AG
      • MSR-TRAFFIC
      • NEDAP MOBILITY SOLUTIONS
      • ON TRACK INNOVATIONS (OTI) LTD
      • ORANGE BUSINESS SERVICES
      • PARKME
      • PARKOPEDIA
      • Q-FREE ASA
      • SERCO GROUP PLC
      • SIEMENS AG
      • SKIDATA AG
      • SWARCO AG
      • SYNAPT (DIVISION OF PRODAPT)
      • T2 SYSTEMS INC
      • XEROX CORPORATION

 

LIST OF TABLES

TABLE 1: GLOBAL PARKING MANAGEMENT MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 2: RISE OF URBANIZATION IN INDIA

TABLE 3: VEHICLE PRODUCTION IN 2016

TABLE 4: GLOBAL PARKING MANAGEMENT MARKET, BY SOFTWARE & SERVICES, 2018-2026 (IN $ MILLION)

TABLE 5: GLOBAL SOFTWARE MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 6: GLOBAL PROFESSIONAL SERVICES MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 7: GLOBAL PARKING MANAGEMENT MARKET, BY SOLUTION, 2018-2026 (IN $ MILLION)

TABLE 8: GLOBAL ACCESS CONTROL MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 9: GLOBAL PARKING GUIDANCE & SLOT MANAGEMENT MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 10: GLOBAL PARKING RESERVATION MANAGEMENT MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 11: GLOBAL PARKING FEE & REVENUE MANAGEMENT MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 12: GLOBAL PARKING FEE ENFORCEMENT & PERMIT MANAGEMENT MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 13: GLOBAL VALET PARKING MANAGEMENT MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 14: GLOBAL SECURITY & SURVEILLANCE MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 15: GLOBAL PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE, 2018-2026 (IN $ MILLION)

TABLE 16: GLOBAL OFF STREET PARKING MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 17: GLOBAL ON STREET PARKING MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 18: GLOBAL PARKING MANAGEMENT MARKET, BY VERTICALS, 2018-2026 (IN $ MILLION)

TABLE 19: GLOBAL GOVERNMENT & MUNICIPALITIES MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 20: GLOBAL RECREATION MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 21: GLOBAL CORPORATE & COMMERCIAL PARKS MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 22: GLOBAL ACADEMIA MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 23: GLOBAL HEALTHCARE MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 24: GLOBAL RETAIL MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 25: GLOBAL BANKING & FINANCIAL INSTITUTIONS MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 26: GLOBAL TRANSPORTATION MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 27: GLOBAL HOSPITALITY MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 28: GLOBAL OTHER VERTICALS MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 29: VENDOR LANDSCAPE OF PARKING MANAGEMENT MARKET

TABLE 30: OPPORTUNITY MATRIX OF PARKING MANAGEMENT MARKET

TABLE 31: GLOBAL PARKING MANAGEMENT MARKET, BY GEOGRAPHY, 2018-2026, (IN $ MILLION)

TABLE 32: NORTH AMERICA PARKING MANAGEMENT MARKET, BY COUNTRY, 2018-2026 (IN $ MILLION)

TABLE 33: EUROPE PARKING MANAGEMENT MARKET, BY COUNTRY, 2018-2026 (IN $ MILLION)

TABLE 34: ASIA PACIFIC PARKING MANAGEMENT MARKET, BY COUNTRY, 2018-2026 (IN $ MILLION)

TABLE 35: REST OF WORLD PARKING MANAGEMENT MARKET, BY REGION, 2018-2026 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: GLOBAL PARKING MANAGEMENT MARKET, BY SOFTWARE & SERVICES, 2018-2026 (IN $ MILLION)

FIGURE 2: NORTH AMERICA PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 3: INDIA & JAPAN’S PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 4: WORLDWIDE AUTOMOTIVE (CARS & COMMERCIAL VEHICLES) PRODUCTION, 2015-2020 (IN MILLION

FIGURE 5: WORLDWIDE AUTOMOTIVE (CARS & COMMERCIAL VEHICLES) SALES, 2011-2016 (IN MILLION)

FIGURE 6: GLOBAL PARKING MANAGEMENT MARKET, BY SOFTWARE, 2018-2026 (IN $ MILLION)

FIGURE 7: GLOBAL PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICES, 2018-2026 (IN $ MILLION)

FIGURE 8: GLOBAL PARKING MANAGEMENT MARKET, BY ACCESS CONTROL, 2018-2026 (IN $ MILLION)

FIGURE 9: GLOBAL PARKING MANAGEMENT MARKET, BY PARKING GUIDANCE & SLOT MANAGEMENT, 2018-2026 (IN $ MILLION)

FIGURE 10: GLOBAL PARKING MANAGEMENT MARKET, BY PARKING RESERVATION MANAGEMENT, 2018-2026 (IN $ MILLION)

FIGURE 11: GLOBAL PARKING MANAGEMENT MARKET, BY PARKING FEE & REVENUE MANAGEMENT, 2018-2026 (IN $ MILLION)

FIGURE 12: GLOBAL PARKING MANAGEMENT MARKET, BY PARKING FEE ENFORCEMENT & PERMIT MANAGEMENT, 2018-2026 (IN $ MILLION)

FIGURE 13: GLOBAL PARKING MANAGEMENT MARKET, BY VALET PARKING MANAGEMENT, 2018-2026 (IN $ MILLION)

FIGURE 14: GLOBAL PARKING MANAGEMENT MARKET, BY SECURITY & SURVEILLANCE, 2018-2026 (IN $ MILLION)

FIGURE 15: GLOBAL PARKING MANAGEMENT MARKET, BY OFF STREET PARKING, 2018-2026 (IN $ MILLION)

FIGURE 16: GLOBAL PARKING MANAGEMENT MARKET, BY ON STREET PARKING, 2018-2026 (IN $ MILLION)

FIGURE 17: TOP 10 COUNTRIES IN DEFENSE BUDGET IN 2016 ($ BILLION)

FIGURE 18: GLOBAL PARKING MANAGEMENT MARKET, BY GOVERNMENT & MUNICIPALITIES, 2018-2026 (IN $ MILLION)

FIGURE 19: GLOBAL PARKING MANAGEMENT MARKET, BY RECREATION, 2018-2026 (IN $ MILLION)

FIGURE 20: GLOBAL PARKING MANAGEMENT MARKET, BY CORPORATE & COMMERCIAL PARKS, 2018-2026 (IN $ MILLION)

FIGURE 21: GLOBAL PARKING MANAGEMENT MARKET, BY ACADEMIA, 2018-2026 (IN $ MILLION)

FIGURE 22: GLOBAL PARKING MANAGEMENT MARKET, BY HEALTHCARE, 2018-2026 (IN $ MILLION)

FIGURE 23: GLOBAL PARKING MANAGEMENT MARKET, BY RETAIL, 2018-2026 (IN $ MILLION)

FIGURE 24: GLOBAL PARKING MANAGEMENT MARKET, BY BANKING & FINANCIAL INSTITUTIONS, 2018-2026 (IN $ MILLION)

FIGURE 25: GLOBAL PARKING MANAGEMENT MARKET, BY TRANSPORTATION, 2018-2026 (IN $ MILLION)

FIGURE 26: GLOBAL PARKING MANAGEMENT MARKET, BY HOSPITALITY, 2018-2026 (IN $ MILLION)

FIGURE 27: GLOBAL PARKING MANAGEMENT MARKET, BY OTHER VERTICALS, 2018-2026 (IN $ MILLION)

FIGURE 28: PORTER’S FIVE FORCE ANALYSIS

FIGURE 29: KEY BUYING IMPACT ANALYSIS

FIGURE 30: GLOBAL PARKING MANAGEMENT MARKET, REGIONAL OUTLOOK, 2017 & 2026 (IN %)

FIGURE 31: UNITED STATES PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 32: CANADA PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 33: UNITED KINGDOM PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 34: FRANCE PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 35: GERMANY PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 36: SPAIN PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 37: ITALY PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 38: REST OF EUROPE PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 39: CHINA PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 40: INDIA PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 41: JAPAN PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 42: SOUTH KOREA PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 43: AUSTRALIA PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 44: INDIA PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 45: REST OF ASIA PACIFIC PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 46: LATIN AMERICA PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 47: MIDDLE EAST & NORTH AFRICA PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 48: REST OF AFRICA PARKING MANAGEMENT MARKET, 2018-2026 (IN $ MILLION)

FIGURE 49: MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2017 (%)

  1. MARKET BY PARKING SITE TYPE
    • OFF STREET PARKING
    • ON STREET PARKING
  2. MARKET BY SOFTWARE & SERVICE
    • SOFTWARE
    • PROFESSIONAL SERVICES
  3. MARKET BY SOLUTION
    • ACCESS CONTROL
    • PARKING GUIDANCE & SLOT MANAGEMENT
    • PARKING RESERVATION MANAGEMENT
    • PARKING FEE & REVENUE MANAGEMENT
    • PARKING FEE ENFORCEMENT & PERMIT MANAGEMENT
    • VALET PARKING MANAGEMENT
    • SECURITY & SURVEILLANCE
  4. MARKET BY VERTICALS
    • GOVERNMENT & MUNICIPALITIES
    • RECREATION
    • CORPORATE & COMMERCIAL PARKS
    • ACADEMIA
    • HEALTHCARE
    • RETAIL
    • BANKING & FINANCIAL INSTITUTIONS
    • TRANSPORTATION
    • HOSPITALITY
    • OTHER VERTICALS
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & NORTH AFRICA (MENA)
      • REST OF AFRICA

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