The number of vehicles are growing on road rapidly which increases problem regarding to the shortage of parking space. Scarcity of parking spaces or parking problems is increasing globally so that parking management is best solution for this problem. Parking management contains various solutions such as it provides information of current parking space existence which results in less traffic congestion to the driver. It also provides efficient and effective use of parking spaces.
The parking management market is expected to exceed more than US$ 10.2 Billion by 2027 at a CAGR 7.5%.
The major driving factors of parking management market are as follows:
The restraining factors of parking management market are as follows:
The parking management market is segmented on the lines of its software, system device, and service, parking site type, solutions and verticals. Based on software segmentation it covers payment system and information system. Under system device segmentation it contains automated gates, surveillance cameras and digital video recorders, radio frequency identification transponders, ultrasonic occupancy sensors, handheld ticket writers and parking management meters. The parking management market is segmented on the lines of its services like maintenance and support and deployments and customization. Based on parking site type segmentation it covers off street parking and on street parking. Under solution segmentation it covers parking guidance and slot management, parking enforcement and slot management, valet parking management, parking reservation management, security and surveillance, parking and revenue management and access control. Parking and revenue management is further segmented into pay by plate, smart card based and coin based. Access control segmentation covers LPR based automatic vehicle identification, ID management and biometric. Under verticals segmentation it covers BFSI, corporate and commercial parks, retail, hospitality, healthcare, recreations, transportation transits, government and municipalities and academia. The parking management market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for parking management and related technologies globally.
2) Analysis of global market trends, with data from 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2027.
3) Identifications of new market opportunities and targeted promotional plans for parking management.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for various types of parking management solutions with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Tyco Security Products (Nedap AVI), 3M Company, Siemens AG, HCL Technologies Ltd., TCS International Inc, Integrapark, LLC, Complus Data Innovations, Inc., Amano Corporation, Passport Parking, LLC, TransCore LP, Vodafone Group PLC, Affiliated Computer Services, Group Techna, Inc., Netpark, LLC, Data Ticket, Inc., Parkopedia Inc. and Energy Development Corporation. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Parking Management Market has been segmented as below:
By Software Analysis
By System Device Analysis
By Service Analysis
By Parking site type Analysis
By Solution Analysis
Parking and revenue management
Access Control
By Verticals Analysis
Reasons to Buy this Report:
1) Obtain the most up to date information available on all parking management market globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of parking management market data.
4) Assess your competitor’s refining portfolio and its evolution.
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1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions and Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Market
4.2 Parking Management Market, By Solution, 2019-2025
4.3 Top Three Solutions and Verticals, 2019
4.4 Lifecycle Analysis, By Region
4.5 Market Investment Scenario
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Software and Service
5.2.2 By Parking Site Type
5.2.3 By Solution
5.2.4 By Vertical
5.2.5 By Region
5.3 Evolution
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Global Focus on Seamless Traffic Flow and Reduction in Fuel Pollution
5.4.1.2 Increased Production of Vehicles Leading to Parking Concerns
5.4.1.3 Concern for Safety, Security, and Connectivity Boosts the Use of Parking Management Solutions
5.4.2 Restraints
5.4.2.1 Lack of System Integration
5.4.2.2 High Implementation Cost
5.4.3 Opportunities
5.4.3.1 Increasing Adoption of Smart Cities By Governments Across Regions
5.4.3.2 Proliferation of Mobile Phones
5.4.3.3 Utilization of Unused Parking Spaces
5.4.4 Challenges
5.4.4.1 Lack of Technologically Skilled Personnel to Operate Sophisticated Parking Equipment
5.4.4.2 Lack of Awareness About the Benefits of Parking Management
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Solution Providers
6.2.2 Cloud Providers
6.2.3 Service Providers
6.2.4 Verticals
6.3 Ecosystem
6.4 Strategic Benchmarking
7 Parking Management Market Analysis, By Software and Service
7.1 Introduction
7.2 Software
7.2.1 Parking Information Systems
7.2.2 Parking Payment Systems
7.3 Professional Services
7.3.1 Deployment and Customization
7.3.2 Maintenance and Support
8 Parking Management Market Analysis, By Parking Site Type
8.1 Introduction
8.2 Off-Street Parking
8.3 On-Street Parking
9 Parking Management Market Analysis, By Solution
9.1 Introduction
9.2 Access Control
9.2.1 Biometrics
9.2.2 ID Management
9.2.3 License Plate Recognition-Based Automatic Vehicle Identification
9.3 Security and Surveillance
9.4 Parking Fee and Revenue Management
9.4.1 Coin-Based Revenue Management
9.4.2 Smart Card-Based Revenue Management
9.4.3 Pay-By-Plate Revenue Management
9.5 Parking Reservation Management
9.6 Valet Parking Management
9.7 Parking Fee Enforcement and Permit Management
9.8 Parking Guidance and Slot Management
10 Parking Management Market Analysis, By Vertical
10.1 Introduction
10.2 Academia
10.3 Government and Municipalities
10.4 Transportation
10.5 Recreation
10.6 Healthcare
10.7 Hospitality
10.8 Retail
10.9 Corporate and Commercial Parks
10.10 Banking, Financial Services, and Insurance
10.11 Other Verticals (Residential, Tourist Spots, and Religious Spots)
11 Geographic Analysis
11.1 Introduction
11.2 North America
11.2.1 United States
11.2.2 Canada
11.3 Europe
11.4 Asia-Pacific (APAC)
11.5 Middle East and Africa
11.6 Latin America
12 Competitive Landscape
12.1 Introduction
12.2 Competitive Situations and Trends
12.2.1 Mergers and Acquisitions
12.2.2 Partnerships, Collaborations, and Agreements
12.2.3 New Product Launches
12.2.4 Expansions
13 Company Profiles
13.1 Introduction
13.2 Kapsch Trafficcom AG
13.3 Siemens AG
13.4 T2 Systems, Inc.
13.5 Amano Corporation
13.6 Cubic Corporation
13.7 Indigo
13.8 Inrix, Inc.
13.9 Xerox Corporation
13.10 Swarco AG
13.11 Skidata AG
The Parking Management Market has been segmented as below:
By Software Analysis
By System Device Analysis
By Service Analysis
By Parking site type Analysis
By Solution Analysis
Parking and revenue management
Access Control
By Verticals Analysis
By Regional Analysis
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