Parking Management Market

Parking Management Market Size, Share, Growth Analysis, By Region(North America, United States (US)) - Industry Forecast 2024-2031


Report ID: UCMIG20R2045 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Parking Management Market Insights

Market Overview:

The worldwide Parking Management Market is anticipated to witness substantial expansion, with its value expected to increase from $4.4 billion in 2023 to $6.3 billion by 2028, signifying a 7.4% Compound Annual Growth Rate (CAGR) over the forecasted period. This surge is driven by the increasing preference for enhanced parking accessibility, heightened security measures, and the rising interest in intelligent parking solutions.

Parking Management Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
To get more reports on the above market click here to
GET FREE SAMPLE

This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Air Freight & Logistics by segment aggregation, the contribution of the Air Freight & Logistics in Transportation and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Parking Management Market is segmented by Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Parking Management Market Basis Point Share Analysis, 2021 Vs. 2028
BasisPointShareAnalysis
To get detailed analysis on all segments
BUY NOW
  • Based on Region the market is segmented as, North America, United States (US), Europe, United Kingdom (UK), Asia Pacific

Regional Analysis:

Parking Management Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Parking Management Market Attractiveness Analysis, By Region 2020-2028
AttractivenessAnalysis
To know more about the market opportunities by region and country, click here to
REQUEST FREE CUSTOMIZATION

Parking Management Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Parking Management Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Parking Management Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Parking Management Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Parking Management Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • Parking Management Market size to grow from USD 4.4 billion in 2023 to USD 6.3 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period. This growth is fueled by the growing popularity of improved parking availability, enhanced security, and growing demand for smart parking.
  • Parking Management Market Dynamics
  • Driver: Growing demand for seamless traffic flow and reduction in fuel consumption
  • Parking and traffic congestion are highly interrelated, as searching for a parking space leads to delays, fuel combustion, and increased congestion. The growing parking issue can be resolved with the help of parking management solutions and services that can aid drivers in not only in finding a parking space but also in other functions, such as getting directions to the parking space, making cashless payments, and reserving parking spaces in advance. The growing demand for various parking management solutions and services will further help in reducing time and fuel consumption and enable seamless traffic flow.
  • Collaboration is key to enhancing mobility in cities with heavy traffic. The entire city management ecosystem, including city officials, vehicle manufacturers, traffic signal system providers, parking facilities, parking management solution providers, traffic information providers, shared mobility providers, startups, and public authorities, are working together to experiment and transform cities worldwide to make them more intelligent and efficient. Parking management solution providers are crucial in reducing traffic congestion by providing well-organized on-street and off-street parking facilities.
  • Restraint: System integration complexities
  • Parking management comprises a variety of hardware sensors, real-time messaging systems, traffic control devices, wireless and wired telecommunications systems, computer servers, and application interfaces. The variety and variability in the parking management hardware infrastructure and software systems are enormous. Also, the collection and analysis of parking data from different systems are necessary to implement the concept of dynamic priced parking. These parking data stores are disparate and often present on incompatible hardware and software systems, making it quite difficult to integrate the data into a coherent whole. The integration of all the hardware and software involved in parking management together into one single platform is difficult and acts as a restraint to the growth of the parking management market.
  • Opportunity: Rising smart city initiative globally
  • The surge in emerging technologies has propelled major urban areas to transform them into smart cities. Smart cities integrate their housing, mobility, and economic functions by utilizing innovative information and communications technologies. The smart city initiatives adopted by governments across the world are expected to provide business opportunities for the providers of smart parking management solutions, which can be integrated with smart city solutions.
  • Challenge: Data security and privacy issues related to IoT devices
  • The parking management market has significant growth potential; however, maintaining data security and privacy is a key challenge faced by the players operating in this market. The installed smart devices and sensors continuously generate a huge amount of data; this is expected to help organizations handling data gain insights about the market position of their competitors. This data is analyzed to generate actionable business insights; the majority of this data is processed at the edge and stored at the cloud from time-to-time. A majority of IoT-enabled devices are connected to various connectivity networks, such as mobile connectivity, public Wireless-Fidelity (Wi-Fi), and office Wide Area Networks (WAN). The public networks may not be as protected as they are required to be at an enterprise level. Thus, in a large-scale deployment, privacy and security are two closely related issues for IoT devices. The business data collected in the cloud and IoT-enabled devices can be accessed through various cyber threats and breaches.
  • Market Ecosystem
  • The parking management market is highly fragmented with the presence of a large number of vendors catering to a section or a sub-section of the market. Over the years, the parking management market landscape has witnessed some major changes, and nowadays, vendors are engaged in multiple partnerships and collaborations to provide integrated solutions capable of meeting broader needs.
  • Based on the solutions, the parking guidance segment is expected to hold the highest CAGR during the forecast period.
  • Parking guidance solutions capture real-time information on available parking spaces and provide drivers with easy-to-follow directional signs to help them find vacant spots effortlessly. By accurately informing drivers of parking locations and availability, these solutions reduce traffic congestion and pollution while increasing occupancy and revenue for parking facilities. A typical parking guidance solution includes an ultrasonic parking guidance sensor, indicator, indoor parking space display, outdoor parking signboard, outdoor parking space display, parking guidance controller, parking guidance software, and parking management application. Using the parking management application, drivers can quickly locate available parking spaces in real time. This solution is especially beneficial for medical centers, where patients and disabled patrons can be automatically guided to vacant parking spaces. The parking guidance solution in retail centers can help shoppers spend more time shopping and less time searching for parking. Additionally, wayfinding signs can also be used for advertising to generate revenue.
  • KEY PLAYER
  • Group Indigo
  • Amano
  • Siemens
  • Bosch Group
  • Atos
  • SWARCO
  • SKIDATA
  • Chetu
  • Precise Parklink
  • FlashParking
  • Passport Labs
  • SpotHero
  • Get My Parking
  • INRIX
  • IPS Group
  • Smart Parking
  • TIBA Parking Systems
  • Q-Free
  • Streetline
  • ParkOffice
  • Urbiotica
  • CivicSmart
  • Market size available for years- 2018-2028
  • Base year considered- 2022
  • Forecast period- 2023–2028
  • Forecast units- Value (USD) Million/Billion
  • Segments Covered- Offering, Solutions, Services, Professional Services, Applications, and Region
  • This research report categorizes the Parking Management market to forecast revenues and analyze trends in each of the following submarkets
  • KEY MARKET SEGMENTS
  • Based on the Offerings
  • Solutions
  • Services
  • Based on Solutions
  • Parking Guidance
  • Parking Reservation Management
  • Parking Permit Management
  • Parking Enforcement Management
  • PARC
  • Parking Security and Surveillance
  • Parking Analytics
  • Based on Services
  • Professional Service
  • Managed Services
  • Based on Professional Services
  • Consulting and Training
  • System Integration and Deployment
  • Support and Maintenance
  • Based on Parking Site
  • On-Street Parking
  • Of-Street Parking
  • Based on the Application
  • Government
  • Commercial
  • Transport Transit
  • By Region
  • North America
  • United States (US)
  • Europe
  • United Kingdom (UK)
  • Asia Pacific
  • Middle East & Africa

SkyQuest's Expertise:

The Parking Management Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Region - North America, United States (US), Europe, United Kingdom (UK), Asia Pacific
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • Parking Management Market size to grow from USD 4.4 billion in 2023 to USD 6.3 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period. This growth is fueled by the growing popularity of improved parking availability, enhanced security, and growing demand for smart parking.
  • Parking Management Market Dynamics
  • Driver: Growing demand for seamless traffic flow and reduction in fuel consumption
  • Parking and traffic congestion are highly interrelated, as searching for a parking space leads to delays, fuel combustion, and increased congestion. The growing parking issue can be resolved with the help of parking management solutions and services that can aid drivers in not only in finding a parking space but also in other functions, such as getting directions to the parking space, making cashless payments, and reserving parking spaces in advance. The growing demand for various parking management solutions and services will further help in reducing time and fuel consumption and enable seamless traffic flow.
  • Collaboration is key to enhancing mobility in cities with heavy traffic. The entire city management ecosystem, including city officials, vehicle manufacturers, traffic signal system providers, parking facilities, parking management solution providers, traffic information providers, shared mobility providers, startups, and public authorities, are working together to experiment and transform cities worldwide to make them more intelligent and efficient. Parking management solution providers are crucial in reducing traffic congestion by providing well-organized on-street and off-street parking facilities.
  • Restraint: System integration complexities
  • Parking management comprises a variety of hardware sensors, real-time messaging systems, traffic control devices, wireless and wired telecommunications systems, computer servers, and application interfaces. The variety and variability in the parking management hardware infrastructure and software systems are enormous. Also, the collection and analysis of parking data from different systems are necessary to implement the concept of dynamic priced parking. These parking data stores are disparate and often present on incompatible hardware and software systems, making it quite difficult to integrate the data into a coherent whole. The integration of all the hardware and software involved in parking management together into one single platform is difficult and acts as a restraint to the growth of the parking management market.
  • Opportunity: Rising smart city initiative globally
  • The surge in emerging technologies has propelled major urban areas to transform them into smart cities. Smart cities integrate their housing, mobility, and economic functions by utilizing innovative information and communications technologies. The smart city initiatives adopted by governments across the world are expected to provide business opportunities for the providers of smart parking management solutions, which can be integrated with smart city solutions.
  • Challenge: Data security and privacy issues related to IoT devices
  • The parking management market has significant growth potential; however, maintaining data security and privacy is a key challenge faced by the players operating in this market. The installed smart devices and sensors continuously generate a huge amount of data; this is expected to help organizations handling data gain insights about the market position of their competitors. This data is analyzed to generate actionable business insights; the majority of this data is processed at the edge and stored at the cloud from time-to-time. A majority of IoT-enabled devices are connected to various connectivity networks, such as mobile connectivity, public Wireless-Fidelity (Wi-Fi), and office Wide Area Networks (WAN). The public networks may not be as protected as they are required to be at an enterprise level. Thus, in a large-scale deployment, privacy and security are two closely related issues for IoT devices. The business data collected in the cloud and IoT-enabled devices can be accessed through various cyber threats and breaches.
  • Market Ecosystem
  • The parking management market is highly fragmented with the presence of a large number of vendors catering to a section or a sub-section of the market. Over the years, the parking management market landscape has witnessed some major changes, and nowadays, vendors are engaged in multiple partnerships and collaborations to provide integrated solutions capable of meeting broader needs.
  • Based on the solutions, the parking guidance segment is expected to hold the highest CAGR during the forecast period.
  • Parking guidance solutions capture real-time information on available parking spaces and provide drivers with easy-to-follow directional signs to help them find vacant spots effortlessly. By accurately informing drivers of parking locations and availability, these solutions reduce traffic congestion and pollution while increasing occupancy and revenue for parking facilities. A typical parking guidance solution includes an ultrasonic parking guidance sensor, indicator, indoor parking space display, outdoor parking signboard, outdoor parking space display, parking guidance controller, parking guidance software, and parking management application. Using the parking management application, drivers can quickly locate available parking spaces in real time. This solution is especially beneficial for medical centers, where patients and disabled patrons can be automatically guided to vacant parking spaces. The parking guidance solution in retail centers can help shoppers spend more time shopping and less time searching for parking. Additionally, wayfinding signs can also be used for advertising to generate revenue.
  • KEY PLAYER
  • Group Indigo
  • Amano
  • Siemens
  • Bosch Group
  • Atos
  • SWARCO
  • SKIDATA
  • Chetu
  • Precise Parklink
  • FlashParking
  • Passport Labs
  • SpotHero
  • Get My Parking
  • INRIX
  • IPS Group
  • Smart Parking
  • TIBA Parking Systems
  • Q-Free
  • Streetline
  • ParkOffice
  • Urbiotica
  • CivicSmart
  • Market size available for years- 2018-2028
  • Base year considered- 2022
  • Forecast period- 2023–2028
  • Forecast units- Value (USD) Million/Billion
  • Segments Covered- Offering, Solutions, Services, Professional Services, Applications, and Region
  • This research report categorizes the Parking Management market to forecast revenues and analyze trends in each of the following submarkets
  • KEY MARKET SEGMENTS
  • Based on the Offerings
  • Solutions
  • Services
  • Based on Solutions
  • Parking Guidance
  • Parking Reservation Management
  • Parking Permit Management
  • Parking Enforcement Management
  • PARC
  • Parking Security and Surveillance
  • Parking Analytics
  • Based on Services
  • Professional Service
  • Managed Services
  • Based on Professional Services
  • Consulting and Training
  • System Integration and Deployment
  • Support and Maintenance
  • Based on Parking Site
  • On-Street Parking
  • Of-Street Parking
  • Based on the Application
  • Government
  • Commercial
  • Transport Transit
  • By Region
  • North America
  • United States (US)
  • Europe
  • United Kingdom (UK)
  • Asia Pacific
  • Middle East & Africa
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Parking Management Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Parking Management Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • Parking Management Market size to grow from USD 4.4 billion in 2023 to USD 6.3 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period. This growth is fueled by the growing popularity of improved parking availability, enhanced security, and growing demand for smart parking.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Parking Management Market Dynamics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Driver: Growing demand for seamless traffic flow and reduction in fuel consumption
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Parking and traffic congestion are highly interrelated, as searching for a parking space leads to delays, fuel combustion, and increased congestion. The growing parking issue can be resolved with the help of parking management solutions and services that can aid drivers in not only in finding a parking space but also in other functions, such as getting directions to the parking space, making cashless payments, and reserving parking spaces in advance. The growing demand for various parking management solutions and services will further help in reducing time and fuel consumption and enable seamless traffic flow.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Collaboration is key to enhancing mobility in cities with heavy traffic. The entire city management ecosystem, including city officials, vehicle manufacturers, traffic signal system providers, parking facilities, parking management solution providers, traffic information providers, shared mobility providers, startups, and public authorities, are working together to experiment and transform cities worldwide to make them more intelligent and efficient. Parking management solution providers are crucial in reducing traffic congestion by providing well-organized on-street and off-street parking facilities.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Restraint: System integration complexities
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Parking management comprises a variety of hardware sensors, real-time messaging systems, traffic control devices, wireless and wired telecommunications systems, computer servers, and application interfaces. The variety and variability in the parking management hardware infrastructure and software systems are enormous. Also, the collection and analysis of parking data from different systems are necessary to implement the concept of dynamic priced parking. These parking data stores are disparate and often present on incompatible hardware and software systems, making it quite difficult to integrate the data into a coherent whole. The integration of all the hardware and software involved in parking management together into one single platform is difficult and acts as a restraint to the growth of the parking management market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Opportunity: Rising smart city initiative globally
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The surge in emerging technologies has propelled major urban areas to transform them into smart cities. Smart cities integrate their housing, mobility, and economic functions by utilizing innovative information and communications technologies. The smart city initiatives adopted by governments across the world are expected to provide business opportunities for the providers of smart parking management solutions, which can be integrated with smart city solutions.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Challenge: Data security and privacy issues related to IoT devices
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The parking management market has significant growth potential; however, maintaining data security and privacy is a key challenge faced by the players operating in this market. The installed smart devices and sensors continuously generate a huge amount of data; this is expected to help organizations handling data gain insights about the market position of their competitors. This data is analyzed to generate actionable business insights; the majority of this data is processed at the edge and stored at the cloud from time-to-time. A majority of IoT-enabled devices are connected to various connectivity networks, such as mobile connectivity, public Wireless-Fidelity (Wi-Fi), and office Wide Area Networks (WAN). The public networks may not be as protected as they are required to be at an enterprise level. Thus, in a large-scale deployment, privacy and security are two closely related issues for IoT devices. The business data collected in the cloud and IoT-enabled devices can be accessed through various cyber threats and breaches.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Market Ecosystem
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The parking management market is highly fragmented with the presence of a large number of vendors catering to a section or a sub-section of the market. Over the years, the parking management market landscape has witnessed some major changes, and nowadays, vendors are engaged in multiple partnerships and collaborations to provide integrated solutions capable of meeting broader needs.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on the solutions, the parking guidance segment is expected to hold the highest CAGR during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Parking guidance solutions capture real-time information on available parking spaces and provide drivers with easy-to-follow directional signs to help them find vacant spots effortlessly. By accurately informing drivers of parking locations and availability, these solutions reduce traffic congestion and pollution while increasing occupancy and revenue for parking facilities. A typical parking guidance solution includes an ultrasonic parking guidance sensor, indicator, indoor parking space display, outdoor parking signboard, outdoor parking space display, parking guidance controller, parking guidance software, and parking management application. Using the parking management application, drivers can quickly locate available parking spaces in real time. This solution is especially beneficial for medical centers, where patients and disabled patrons can be automatically guided to vacant parking spaces. The parking guidance solution in retail centers can help shoppers spend more time shopping and less time searching for parking. Additionally, wayfinding signs can also be used for advertising to generate revenue.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY PLAYER
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Group Indigo
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Amano
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Siemens
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Bosch Group
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Atos
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SWARCO
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SKIDATA
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Chetu
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Precise Parklink
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • FlashParking
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Passport Labs
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SpotHero
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Get My Parking
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • INRIX
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • IPS Group
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Smart Parking
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • TIBA Parking Systems
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Q-Free
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Streetline
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • ParkOffice
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Urbiotica
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • CivicSmart
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Market size available for years- 2018-2028
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Base year considered- 2022
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Forecast period- 2023–2028
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Forecast units- Value (USD) Million/Billion
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Segments Covered- Offering, Solutions, Services, Professional Services, Applications, and Region
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • This research report categorizes the Parking Management market to forecast revenues and analyze trends in each of the following submarkets
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on the Offerings
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Solutions
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Services
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on Solutions
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Parking Guidance
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Parking Reservation Management
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Parking Permit Management
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Parking Enforcement Management
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • PARC
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Parking Security and Surveillance
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Parking Analytics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on Services
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Professional Service
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Managed Services
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on Professional Services
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Consulting and Training
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • System Integration and Deployment
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Support and Maintenance
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on Parking Site
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • On-Street Parking
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Of-Street Parking
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on the Application
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Government
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Commercial
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Transport Transit
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • United States (US)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • United Kingdom (UK)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Parking Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Parking Management Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Parking Management Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Parking Management Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

The market for Parking Management was estimated to be valued at US$ XX Mn in 2021.

The Parking Management Market is estimated to grow at a CAGR of XX% by 2028.

The Parking Management Market is segmented on the basis of Region.

Based on region, the Parking Management Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Parking Management Market are Parking Management Market size to grow from USD 4.4 billion in 2023 to USD 6.3 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period. This growth is fueled by the growing popularity of improved parking availability, enhanced security, and growing demand for smart parking., Parking Management Market Dynamics, Driver: Growing demand for seamless traffic flow and reduction in fuel consumption, Parking and traffic congestion are highly interrelated, as searching for a parking space leads to delays, fuel combustion, and increased congestion. The growing parking issue can be resolved with the help of parking management solutions and services that can aid drivers in not only in finding a parking space but also in other functions, such as getting directions to the parking space, making cashless payments, and reserving parking spaces in advance. The growing demand for various parking management solutions and services will further help in reducing time and fuel consumption and enable seamless traffic flow., Collaboration is key to enhancing mobility in cities with heavy traffic. The entire city management ecosystem, including city officials, vehicle manufacturers, traffic signal system providers, parking facilities, parking management solution providers, traffic information providers, shared mobility providers, startups, and public authorities, are working together to experiment and transform cities worldwide to make them more intelligent and efficient. Parking management solution providers are crucial in reducing traffic congestion by providing well-organized on-street and off-street parking facilities., Restraint: System integration complexities, Parking management comprises a variety of hardware sensors, real-time messaging systems, traffic control devices, wireless and wired telecommunications systems, computer servers, and application interfaces. The variety and variability in the parking management hardware infrastructure and software systems are enormous. Also, the collection and analysis of parking data from different systems are necessary to implement the concept of dynamic priced parking. These parking data stores are disparate and often present on incompatible hardware and software systems, making it quite difficult to integrate the data into a coherent whole. The integration of all the hardware and software involved in parking management together into one single platform is difficult and acts as a restraint to the growth of the parking management market., Opportunity: Rising smart city initiative globally, The surge in emerging technologies has propelled major urban areas to transform them into smart cities. Smart cities integrate their housing, mobility, and economic functions by utilizing innovative information and communications technologies. The smart city initiatives adopted by governments across the world are expected to provide business opportunities for the providers of smart parking management solutions, which can be integrated with smart city solutions., Challenge: Data security and privacy issues related to IoT devices, The parking management market has significant growth potential; however, maintaining data security and privacy is a key challenge faced by the players operating in this market. The installed smart devices and sensors continuously generate a huge amount of data; this is expected to help organizations handling data gain insights about the market position of their competitors. This data is analyzed to generate actionable business insights; the majority of this data is processed at the edge and stored at the cloud from time-to-time. A majority of IoT-enabled devices are connected to various connectivity networks, such as mobile connectivity, public Wireless-Fidelity (Wi-Fi), and office Wide Area Networks (WAN). The public networks may not be as protected as they are required to be at an enterprise level. Thus, in a large-scale deployment, privacy and security are two closely related issues for IoT devices. The business data collected in the cloud and IoT-enabled devices can be accessed through various cyber threats and breaches., Market Ecosystem, The parking management market is highly fragmented with the presence of a large number of vendors catering to a section or a sub-section of the market. Over the years, the parking management market landscape has witnessed some major changes, and nowadays, vendors are engaged in multiple partnerships and collaborations to provide integrated solutions capable of meeting broader needs. , Based on the solutions, the parking guidance segment is expected to hold the highest CAGR during the forecast period., Parking guidance solutions capture real-time information on available parking spaces and provide drivers with easy-to-follow directional signs to help them find vacant spots effortlessly. By accurately informing drivers of parking locations and availability, these solutions reduce traffic congestion and pollution while increasing occupancy and revenue for parking facilities. A typical parking guidance solution includes an ultrasonic parking guidance sensor, indicator, indoor parking space display, outdoor parking signboard, outdoor parking space display, parking guidance controller, parking guidance software, and parking management application. Using the parking management application, drivers can quickly locate available parking spaces in real time. This solution is especially beneficial for medical centers, where patients and disabled patrons can be automatically guided to vacant parking spaces. The parking guidance solution in retail centers can help shoppers spend more time shopping and less time searching for parking. Additionally, wayfinding signs can also be used for advertising to generate revenue., KEY PLAYER, Group Indigo, Amano, Siemens, Bosch Group , Atos, SWARCO, SKIDATA , Chetu, Precise Parklink, FlashParking, Passport Labs, SpotHero, Get My Parking, INRIX, IPS Group, Smart Parking, TIBA Parking Systems, Q-Free, Streetline , ParkOffice, Urbiotica, CivicSmart, Market size available for years- 2018-2028, Base year considered- 2022, Forecast period- 2023–2028, Forecast units- Value (USD) Million/Billion, Segments Covered- Offering, Solutions, Services, Professional Services, Applications, and Region, This research report categorizes the Parking Management market to forecast revenues and analyze trends in each of the following submarkets, KEY MARKET SEGMENTS, Based on the Offerings, Solutions, Services, Based on Solutions, Parking Guidance, Parking Reservation Management, Parking Permit Management, Parking Enforcement Management, PARC, Parking Security and Surveillance, Parking Analytics, Based on Services, Professional Service, Managed Services, Based on Professional Services, Consulting and Training, System Integration and Deployment, Support and Maintenance, Based on Parking Site, On-Street Parking, Of-Street Parking, Based on the Application, Government, Commercial, Transport Transit, By Region, North America, United States (US), Europe, United Kingdom (UK), Asia Pacific, Middle East & Africa.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Parking Management Market

Product ID: UCMIG20R2045

$5,300
BUY NOW GET FREE SAMPLE