Parking Management Solutions Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DIC153 | Last Updated On: Sep 10 2020 | No. of Pages: 216 | Available Formats

> Global Parking Management Solutions Market Expected to reach a high CAGR of 10% By 2027: DataM Intelligence

Global Parking Management Solutions Market is segmented By Product (Revenue management, Security and surveillance, Access control, Reservation management and Others), By Type (Off-street parking, On-street parking), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The Global Parking Management Solutions Market is expected to grow at a CAGR of 10% during the forecasting period (2020-2027). Factors such as increased investments for smart cities globally and increasing need for optimum utilization of parking spaces will further result in double-digit growth in global parking management solutions market over the forecast period.

Parking management systems comprise traveler information systems, real-time vehicle counting, real-time parking guidance display, video surveillance, and easy payment options. Some advanced parking management systems allow users to reserve and pay for a parking space via telephone or the internet. Parking has become a major issue of concern in urban areas. With the continuous rise number of vehicles on the road, there are not enough parking spots available. Therefore, smart parking solutions are growing in popularity as it helps in reducing traffic congestion caused by cars searching for parking spots.

The report covers all the major trends and drivers playing a vital role in the growth of the global Parking Management Solutions Market. The global Parking Management Solutions Market has been segmented based on region, product, and type.

Market Dynamics

The global Parking Management Solutions Market growth is primarily driven by rising parking concerns and issues, especially in urban areas.  In developing economies, domestic migration is driving the move from rural to urban living. Almost everyone wants to live in cities, which are not always properly planned and developed to accommodate the millions of new residents. Globalization has pushed these cities into newly realized economic hubs. For instance, nearly 31% of India’s current population lives in urban areas. India’s urban growth is largely concentrated in large cities with a population of 100,000 or more, the number of cities with a population exceeding 1 million has increased from 35 in 2001 to 53 in 2011, accounting for 43% of India’s urban population, and is expected to be 87% by 2030. As per the International Energy Agency (IEA), by 2050, India will need an estimated 10,000 to 20,000 square kilometers of surface parking area, an area equal to 35 times the size of the city of Mumbai or just a little smaller than entire state of California.

Moreover, there has been a quick rise in the number of vehicles, which has intensified the issue related to the shortage of parking space. Therefore, the requirement of smart and efficient parking system is growing and will be the major factor driving the global parking management solutions market over the forecast period.

Market Segmentation

Based on the product, the global Parking Management Solutions Market can be classified into revenue management, security and surveillance, access control, reservation management, and others. In 2018, revenue management segment accounted for the majority share in the global market owing to its application in maximizing the profit by optimizing the space and business demand.

In 2018, Avinor partnered with IDeaS Revenue Solutions to optimize revenue growth for its 11 car parks and more than 20,000 parking spaces at Oslo Airport. This strategy will create a better experience for the growing number of travelers, and customers will receive more dynamic pricing on Avinor’s pre-book solution, with prices regulated based on actual demand.

Based on type, the global Parking Management Solutions Market can be classified into off-street parking and on-street parking. In 2018, On-street parking solutions segment dominated the global market. The rapid adoption of on-street parking management by the government authorities across the world, allowing government authorities to legitimately generate revenues through public properties is further expected to drive the growth of the on-street parking solutions segment over the forecast period.

Regional Analysis

By geography, the global Parking Management Solutions Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA). In 2018, North America accounted for the majority share in the market. In 2017, according to the INRIX, it was estimated that U.S. population spends approximate 17 hours in a year searching for parking spots, which is means an estimated US$ 345 per driver in wasted time, fuel, and emissions. These stats are the indicators of continued stress on the parking management to efficiently and effectively manage the parking spaces.

In addition, rapid infrastructural development in the region will play a pivotal role in the growth of the global Parking Management Solutions market. For instance, In Mexico, the government plans to open SEZ across the country to promote economic growth in the region, which will further increase the demand for Parking Management Solutions.

APAC is expected to post higher CAGR over the forecast period. The growth in the market is mainly due to rapid urbanization, highly flourishing residential and commercial building sectors, and growing middle-class population and spending power coupled with rising awareness for Parking Management Solutions, which leads to the increasing demand for technology in the region. For instance, in 2019, Beijing Capital International Airport tested China’s first intelligent robotic parking system. The system includes 132 parking spaces and eight robots. It will be a relief for drivers with poor parking skills or who are struggling to quickly find a parking space.

Competitive Analysis

Global Parking Management Solutions Market is moderately fragmented with the presence of global and regional players in the market. The market players in the Parking Management Solutions Market are focusing on expanding through strategic interventions, such as acquisitions, and collaborations in the Parking Management Solutions Market.  

Some major players in the market are Amano, Kapsch TrafficCom, Siemens, SKIDATA, Swarco, Q-Free, Inrix, Flashparking, Parkmobile, Tiba Parking, Urbiotica, and among others.

In 2018, Conduent Incorporated announced it has entered into a binding agreement to sell its off-street parking business, including the Conduent Multipark System in France and the U.K., along with its U.S. airport parking business, to Andera Partners, an investment firm in France.

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**The global Parking Management Solutions Market report would provide access to an approx., 92 market data table,76 figures, and 188 pages.

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Table of Contents

  1. Parking Management Solutions Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Parking Management Solutions Market – Market Definition and Overview

  3. Parking Management Solutions Market – Executive Summary

    1. Market Snippet by Product
    2. Market Snippet by Type
    3. Market Snippet by Region
  4. Parking Management Solutions Market – Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Modernization of Aging Grid Infrastructure
      2. Restraints
        1. High setup and initial cost
      3. Opportunity Analysis
      4. Impact Analysis
  5. Parking Management Solutions Market – Industry Analysis

    1. Porter's Five Forces Analysis
  6. Parking Management Solutions Market – By Product

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      2. Market Attractiveness Index, By Product
    2. Revenue management*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Security and surveillance
    4. Access control
    5. Reservation management
    6. Others
  7. Parking Management Solutions Market – By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2. Off-street parking*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. On-street parking
  8. Parking Management Solutions Market – By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Russia
        7. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Chile
        4. Colombia
        5. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Indonesia
        6. Australia
        7. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
  9. Parking Management Solutions Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10. Company Profiles

    1. Amano*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Kapsch TrafficCom
    3. Siemens
    4. SKIDATA
    5. Swarco
    6. Q-Free
    7. Inrix
    8. Flashparking
    9. Parkmobile
    10. Tiba Parking
    11. Urbiotica (**List not exhaustive)
  11. Global Parking Management Solutions Market – Premium Insights

  12. Global Parking Management Solutions Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables
Table 01    Global Parking Management Solutions Market Value, By Product, 2018,2022 & 2027 ($ Million)
Table 02    Global Parking Management Solutions Market Value, By Type, 2018,2022 & 2027 ($ Million)
Table 03    Global Parking Management Solutions Market Value, By Region, 2018,2022 & 2027 ($ Million)
Table 04    Global Parking Management Solutions Market Value, By Product, 2018,2022 & 2027 ($ Million)
Table 05    Global Parking Management Solutions Market Value, By Product, 2017-2027 ($ Million)
Table 06    Global Parking Management Solutions Market Value, By Type, 2018,2022 & 2027 ($ Million)
Table 07    Global Parking Management Solutions Market Value, By Type, 2017-2027 ($ Million)
Table 08    Global Parking Management Solutions Market Value, By Region, 2018,2022 & 2027 ($ Million)
Table 09    Global Parking Management Solutions Market Value, By Region, 2017-2027 ($ Million)
Table 10    North America Parking Management Solutions Market Value, By Product, 2017-2027 ($ Million)
Table 11    North America Parking Management Solutions Market Value, By Type, 2017-2027 ($ Million)
Table 12    North America Parking Management Solutions Market Value, By Country, 2017-2027 ($ Million)
Table 13    South America Parking Management Solutions Market Value, By Product, 2017-2027 ($ Million)
Table 14    South America Parking Management Solutions Market Value, By Type, 2017-2027 ($ Million)
Table 15    South America Parking Management Solutions Market Value, By Country, 2017-2027 ($ Million)
Table 16    Europe Parking Management Solutions Market Value, By Product, 2017-2027 ($ Million)
Table 17    Europe Parking Management Solutions Market Value, By Type, 2017-2027 ($ Million)
Table 18    Europe Parking Management Solutions Market Value, By Country, 2017-2027 ($ Million)
Table 19    Asia-Pacific Parking Management Solutions Market Value, By Product, 2017-2027 ($ Million)
Table 20    Asia-Pacific Parking Management Solutions Market Value, By Type, 2017-2027 ($ Million)
Table 21    Asia-Pacific Parking Management Solutions Market Value, By Country, 2017-2027 ($ Million)
Table 22    Middle East & Africa Parking Management Solutions Market Value, By Product, 2017-2027 ($ Million)
Table 23    Middle East & Africa Parking Management Solutions Market Value, By Type, 2017-2027 ($ Million)
Table 24    Amano: Overview
Table 25    Amano: Product Portfolio
Table 26    Amano: Key Developments
Table 27    Kapsch TrafficCom: Overview
Table 28    Kapsch TrafficCom: Product Portfolio
Table 29    Kapsch TrafficCom: Key Developments
Table 30    Siemens: Overview
Table 31    Siemens: Product Portfolio
Table 32    Siemens: Key Developments
Table 33    SKIDATA: Overview
Table 34    SKIDATA: Product Portfolio
Table 35    SKIDATA: Key Developments
Table 36    Swarco: Overview
Table 37    Swarco: Product Portfolio
Table 38    Swarco: Key Developments
Table 39    Q-Free: Overview
Table 40    Q-Free: Product Portfolio
Table 41    Q-Free: Key Developments
Table 42    Inrix: Overview
Table 43    Inrix: Product Portfolio
Table 44    Inrix: Key Developments
Table 45    Flashparking: Overview
Table 46    Flashparking: Product Portfolio
Table 47    Flashparking: Key Developments
Table 48    Parkmobile: Overview
Table 49    Parkmobile: Product Portfolio
Table 50    Parkmobile: Key Developments
Table 51    Tiba Parking: Overview
Table 52    Tiba Parking: Product Portfolio
Table 53    Tiba Parking: Key Developments

List of Figures
Figure 01    Global Parking Management Solutions Market Share, By Product, 2018 & 2027 (%)
Figure 02    Global Parking Management Solutions Market Share, By Type, 2018 & 2027 (%)
Figure 03    Global Parking Management Solutions Market Share, By Region, 2018 & 2027 (%)
Figure 04    Global Parking Management Solutions Market Value, 2017-2027 ($ Million)
Figure 05    Global Parking Management Solutions Market Y-o-Y Growth, By Product, 2018-2027 (%)
Figure 06    Revenue management: Global Parking Management Solutions Market Value, 2017-2027 ($ Million)
Figure 07    Security and surveillance: Global Parking Management Solutions Market Value, 2017-2027 ($ Million)
Figure 08    Access control: Global Parking Management Solutions Market Value, 2017-2027 ($ Million)
Figure 09    Reservation management: Global Parking Management Solutions Market Value, 2017-2027 ($ Million)
Figure 10    Others: Global Parking Management Solutions Market Value, 2017-2027 ($ Million)
Figure 11    Global Parking Management Solutions Market Y-o-Y Growth, By Type, 2018-2027 (%)
Figure 12    Off-Street Parking: Global Parking Management Solutions Market Value, 2017-2027 ($ Million)
Figure 13    On-Street Parking: Global Parking Management Solutions Market Value, 2017-2027 ($ Million)
Figure 14    Global Parking Management Solutions Market Y-o-Y Growth, By Region, 2018-2027 (%)
Figure 15    North America Parking Management Solutions Market Value, 2017-2027 ($ Million)
Figure 16    North America Parking Management Solutions Market Share, By Product, 2018 & 2027 (%)
Figure 17    North America Parking Management Solutions Market Share, By Type, 2018 & 2027 (%)
Figure 18    North America Parking Management Solutions Market Share, By Country, 2018 & 2027 (%)
Figure 19    South America Parking Management Solutions Market Value, 2017-2027 ($ Million)
Figure 20    South America Parking Management Solutions Market Share, By Product, 2018 & 2027 (%)
Figure 21    South America Parking Management Solutions Market Share, By Type, 2018 & 2027 (%)
Figure 22    South America Parking Management Solutions Market Share, By Country, 2018 & 2027 (%)
Figure 23    Europe Parking Management Solutions Market Value, 2017-2027 ($ Million)
Figure 24    Europe Parking Management Solutions Market Share, By Product, 2018 & 2027 (%)
Figure 25    Europe Parking Management Solutions Market Share, By Type, 2018 & 2027 (%)
Figure 26    Europe Parking Management Solutions Market Share, By Country, 2018 & 2027 (%)
Figure 27    Asia-Pacific Parking Management Solutions Market Value, 2017-2027 ($ Million)
Figure 28    Asia-Pacific Parking Management Solutions Market Share, By Product, 2018 & 2027 (%)
Figure 29    Asia-Pacific Parking Management Solutions Market Share, By Type, 2018 & 2027 (%)
Figure 30    Asia-Pacific Parking Management Solutions Market Share, By Country, 2018 & 2027 (%)
Figure 31    Middle East & Africa Parking Management Solutions Market Value, 2017-2027 ($ Million)
Figure 32    Middle East & Africa Parking Management Solutions Market Share, By Product, 2018 & 2027 (%)
Figure 33    Middle East & Africa Parking Management Solutions Market Share, By Type, 2018 & 2027 (%)
Figure 34    Amano: Financials
Figure 35    Kapsch TrafficCom: Financials
Figure 36    Siemens: Financials
Figure 37    SKIDATA: Financials
Figure 38    Swarco: Financials
Figure 39    Q-Free: Financials
Figure 40    Inrix: Financials
Figure 41    Flashparking: Financials
Figure 42    Parkmobile: Financials
Figure 43    Tiba Parking: Financials

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