Parking Management Market Research Report- Global Forecast 2023

Parking Management Market, By Component (Software, Service), Parking Site Type (Off Street Parking, On Street Parking), Solution (Access Control, Security, Surveillance, Valet, Revenue Management) and By Vertical – Global Forecast 2023

ID: MRFR/ICT/2341-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis of Parking Management Market:
Market Scenario:
Parking management comprises of various programs and policies in order to make efficient use of parking resources. The growing urbanization in metropolitan areas is the reason for increasing number of vehicles and hence the need for parking management.


Major forces driving the growth of parking management market are the increasing focus on the seamless traffic flow and growing parking concerns due to increasing production of vehicles. Concern for safety, security and connectivity are other factors driving the growth of parking management market.


The parking management market has been segmented on the basis of component, parking site type, solution and vertical. The component segment is further bifurcated into software and service segments. The service segment comprises of deployment and customization and support and maintenance segments. Out of which, the deployment and customization segment is expected to grow at the highest CAGR during the forecast period. This is owing to the rapid adoption of parking management solutions by organizations which require assistance for deployment and customization processes.


The global parking management market is expected to grow at approx. USD 7 Billion by 2023, at 12% of CAGR between 2017 and 2023.


 


Study Objectives of Parking Management Market:



  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Parking management market.

  • To provide insights about factors affecting the market growth.

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).

  • To provide country level analysis of the market with respect to the current market size and future perspective.

  • To provide country level analysis of the market for segmentation on the basis of component, parking site type, solution and vertical.

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for parking management

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the parking management

Parking Management Market
Parking Management Market


Key Players:
The prominent players in parking management market are – XEROX Corporation (U.S.), Siemens AG (Germany), Kapsch TrafficCom AG (Austria), AMANO Corporation (Japan), Cubic Corporation (U.S.), SWARCO AG (Austria), INRIX, Inc. (U.S.), INDIGO (France), T2 Systems, Inc. (U.S.), SKIDATA AG (Austria), among others.


Segments:
Parking management market can be segmented on the basis of following:

By Component
Software


  • Parking Information Systems

  • Parking Payment Systems

Service


  • Deployment & Customization

  • Support & Maintenance

By Parking Site Type


  • Off Street Parking

  • On Street Parking

By Solution


  • Access Control

  • Security & Surveillance

  • Parking Fee & Revenue Management

  • Valet Parking Management

  • Parking Fee & Revenue Management

  • Parking Guidance & Slot Management

  • Others

By Vertical


  • BFSI

  • Recreation

  • Healthcare

  • Corporate & Commercial Parks

  • Hospitality

  • Academia

  • Retail

  • Transportation

  • Government

  • Others

Regional Analysis:
The regional analysis of parking management market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in parking management market in North America attributes to the technical advancements and early adoption of parking management in that region.


 


Intended Audience



  • Technology investors

  • Integrated device manufacturers (IDMs)

  • Research/Consultancy firms

  • Government agencies

  • Software providers

  • Cloud Service providers

  • Professional Service providers

  • Solution providers

  • Integration service providers



Frequently Asked Questions (FAQ) :


Urbanization, increasing commercial spaces, rising sales of vehicles, etc. are supposed to drive growth of the parking management market.

The parking management market is poised to mark 12% CAGR over 2023.

The parking management market is expected to value at USD 7 Bn by 2023.

Off Street Parking and On Street Parking are the segments of the parking management market on the basis of parking site.

North America is projected to holds the maximum share of the parking management market.

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH PARKING SITE TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 PARKING MANAGEMENT MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY COMPONENT

6.2.1.1 SOFTWARE

6.2.1.1.1 PARKING INFORMATION SYSTEMS

6.2.1.1.2 PARKING PAYMENT SYSTEMS

6.2.1.2 SERVICE

6.2.1.2.1 DEPLOYMENT AND CUSTOMIZATION

6.2.1.2.2 SUPPORT AND MAINTENANCE

6.2.2 BY PARKING SITE TYPE

6.2.2.1 OFF STREET PARKING

6.2.2.2 ON STREET PARKING

6.2.3 BY SOLUTION

6.2.3.1 ACCESS CONTROL

6.2.3.2 SECURITY AND SURVEILLANCE

6.2.3.3 PARKING FEE AND REVENUE MANAGEMENT

6.2.3.4 VALET PARKING MANAGEMENT

6.2.3.5 PARKING FEE AND REVENUE MANAGEMENT

6.2.3.6 PARKING GUIDANCE AND SLOT MANAGEMENT

6.2.3.7 OTHERS

6.2.4 BY VERTICAL

6.2.4.1 BFSI

6.2.4.2 RECREATION

6.2.4.3 HEALTHCARE

6.2.4.4 CORPORATE & COMMERCIAL PARKS

6.2.4.5 HOSPITALITY

6.2.4.6 ACADEMIA

6.2.4.7 RETAIL

6.2.4.8 TRANSPORTATION

6.2.4.9 GOVERNMENT

6.2.4.10 OTHERS

6.2.5 BY REGION

6.2.5.1 NORTH AMERICA

6.2.5.2 EUROPE

6.2.5.3 ASIA-PACIFIC

6.2.5.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 XEROX CORPORATION (U.S.)

7.2.2 SIEMENS AG (GERMANY)

7.2.3 KAPSCH TRAFFICCOM AG (AUSTRIA)

7.2.4 AMANO CORPORATION (JAPAN)

7.2.5 CUBIC CORPORATION (U.S.)

7.2.6 SWARCO AG (AUSTRIA)

7.2.7 INRIX, INC. (U.S.)

7.2.8 INDIGO (FRANCE)

7.2.9 T2 SYSTEMS, INC. (U.S.)

7.2.10 SKIDATA AG (AUSTRIA)

7.2.11 OTHERS


LIST OF TABLES

TABLE 1 PARKING MANAGEMENT MARKET, BY COMPONENT

TABLE 2 PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE

TABLE 3 PARKING MANAGEMENT MARKET, BY SOLUTION

TABLE 5 PARKING MANAGEMENT MARKET, BY VERTICAL

TABLE 6 PARKING MANAGEMENT MARKET, BY REGIONS

TABLE 7 NORTH AMERICA PARKING MANAGEMENT MARKET, BY COMPONENT

TABLE 8 NORTH AMERICA PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE

TABLE 9 NORTH AMERICA PARKING MANAGEMENT MARKET, BY SOLUTION

TABLE 11 NORTH AMERICA PARKING MANAGEMENT MARKET, BY VERTICAL

TABLE 12 U.S. PARKING MANAGEMENT MARKET, BY COMPONENT

TABLE 13 U.S. PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE

TABLE 14 U.S. PARKING MANAGEMENT MARKET, BY SOLUTION

TABLE 16 U.S. PARKING MANAGEMENT MARKET, BY VERTICAL

TABLE 17 CANADA PARKING MANAGEMENT MARKET, BY COMPONENT

TABLE 18 CANADA PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE

TABLE 19 CANADA PARKING MANAGEMENT MARKET, BY SOLUTION

TABLE 21 CANADA PARKING MANAGEMENT MARKET, BY VERTICAL

TABLE 22 GERMANY PARKING MANAGEMENT MARKET, BY COMPONENT

TABLE 23 GERMANY PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE

TABLE 24 GERMANY PARKING MANAGEMENT MARKET, BY SOLUTION

TABLE 26 GERMANY PARKING MANAGEMENT MARKET, BY VERTICAL

TABLE 27 U.K. PARKING MANAGEMENT MARKET, BY COMPONENT

TABLE 28 U.K. PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE

TABLE 29 U.K. PARKING MANAGEMENT MARKET, BY SOLUTION

TABLE 31 U.K. PARKING MANAGEMENT MARKET, BY VERTICAL

TABLE 32 EUROPE PARKING MANAGEMENT MARKET, BY COMPONENT

TABLE 33 EUROPE PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE

TABLE 34 EUROPE PARKING MANAGEMENT MARKET, BY SOLUTION

TABLE 36 EUROPE PARKING MANAGEMENT MARKET, BY VERTICAL

TABLE 37 FRANCE PARKING MANAGEMENT MARKET, BY COMPONENT

TABLE 38 FRANCE PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE

TABLE 39 FRANCE PARKING MANAGEMENT MARKET, BY SOLUTION

TABLE 41 FRANCE PARKING MANAGEMENT MARKET, BY VERTICAL

TABLE 42 ASIA PACIFIC PARKING MANAGEMENT MARKET, BY COMPONENT

TABLE 43 ASIA PACIFIC PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE

TABLE 44 ASIA PACIFIC PARKING MANAGEMENT MARKET, BY SOLUTION

TABLE 46 ASIA PACIFIC PARKING MANAGEMENT MARKET, BY VERTICAL

TABLE 47 REST OF THE WORLD PARKING MANAGEMENT MARKET, BY COMPONENT

TABLE 48 REST OF THE WORLD PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE

TABLE 49 REST OF THE WORLD PARKING MANAGEMENT MARKET, BY SOLUTION

TABLE 51 REST OF THE WORLD PARKING MANAGEMENT MARKET, BY VERTICAL


LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 PARKING MANAGEMENT MARKET, BY COMPONENT (%)

FIGURE 3 PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE (%)

FIGURE 4 PARKING MANAGEMENT MARKET, BY SOLUTION (%)

FIGURE 5 PARKING MANAGEMENT MARKET, BY VERTICAL (%)

FIGURE 6 PARKING MANAGEMENT MARKET, BY REGIONS (%)

FIGURE 7 NORTH AMERICA PARKING MANAGEMENT MARKET, BY COMPONENT (%)

FIGURE 8 NORTH AMERICA PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE (%)

FIGURE 9 NORTH AMERICA PARKING MANAGEMENT MARKET, BY SOLUTION (%)

FIGURE 10 NORTH AMERICA PARKING MANAGEMENT MARKET, BY VERTICAL (%)

FIGURE 11 EUROPE PARKING MANAGEMENT MARKET, BY COMPONENT (%)

FIGURE 12 EUROPE PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE (%)

FIGURE 13 EUROPE PARKING MANAGEMENT MARKET, BY SOLUTION (%)

FIGURE 14 EUROPE PARKING MANAGEMENT MARKET, BY VERTICAL (%)

FIGURE 15 ASIA-PACIFIC PARKING MANAGEMENT MARKET, BY COMPONENT (%)

FIGURE 16 ASIA-PACIFIC PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE (%)

FIGURE 17 ASIA PACIFIC PARKING MANAGEMENT MARKET, BY SOLUTION (%)

FIGURE 18 ASIA-PACIFIC PARKING MANAGEMENT MARKET, BY VERTICAL (%)

FIGURE 19 REST OF THE WORLD PARKING MANAGEMENT MARKET, BY COMPONENT (%)

FIGURE 20 REST OF THE WORLD PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE (%)

FIGURE 21 REST OF THE WORLD PARKING MANAGEMENT MARKET, SOLUTION (%)

FIGURE 22 REST OF THE WORLD PARKING MANAGEMENT MARKET, BY VERTICAL (%)