1. Market Research
  2. > Construction
  3. > Urban Development Market Trends
Parking Management Market by Offering, Deployment Type, Parking Site And Region - Global Forecast to 2025

Parking Management Market by Offering, Deployment Type, Parking Site And Region - Global Forecast to 2025

  • October 2020
  • 238 pages
  • ID: 4208326
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The global parking management market size is expected to grow from USD 3.8 billion in 2020 to USD 5.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period. Several parking spaces remain unutilized as developers end up building additional spaces in adherence to regulations regarding the size and number of parking spaces. Consistent parking management solutions, such as improved signage and real-time parking indicators, reduce the wastage of parking spaces by informing customers when and where a parking space is available.
Parking management also results in the more efficient use of parking resources through better revenue management, by countering over-pricing and underpricing parking spaces. An effective and integrated parking management solution can reduce parking requirements by 20–40%, which helps in maintaining city infrastructure, reducing land consumption, increasing revenue generation for the government, and improving user convenience.

By deployment type, on-premises segment to account for the largest market size during the forecast period
By deployment type,the on-premises segment is expected to record at the largest market size during the forecast period.The on-premises deployment type refers to the installation of software and solutions in the premises of the organization. In this deployment mode, the organization is responsible for maintaining the solution and all its related processes. These solutions are delivered on a one-time license fee and an annual service agreement, which includes a free modification or upgrade and installation of new functionalities. On-premises deployment of parking management solutions requires dedicated infrastructure and servers. It also requires dedicated IT staff for the maintenance and support of the high-end IT infrastructure. Organizations that can afford to manage dedicated servers usually deploy on-premises solutions. The on-premises deployment type also offers offline data analytics and configuration and provides better control over systems and data.
• By parking site,Off-street parking segment to hold the largest market size during the forecast period

The off-street parking site segment is expected to hold the largest market size, due to the non-availability of on-street parking facilities and huge investments in smart buildings.Off-street parking sites are highly effective in terms of vehicle holding capabilities and are generally controlled by commercial agencies. Off-street parking involves proper designing and construction to provide a safe and secure vehicle parking experience for drivers. The segment focuses on ensuring security, pre-booking of parking spots, and parking fee management. This segment has witnessed several innovations to enable efficient parking; for instance, nowadays, advanced garages are equipped with robotic valet systems that help in parking management. Off-street parking solutions are expected to experience a high growth rate, due to the vast investments by authorities in multi-level parking, and also by the private sector in its parking facilities
• By region, Asia Pacific to grow at the highest CAGR during the forecast period

The Asia Pacific (APAC) market is projected to grow at the highest CAGR during the forecast period.The APAC region is witnessing high growth due to increasing global competition, increasing penetration of smart devices, connected machines, and rising investments in smart cities.This region comprises more than 40% of the world’s population and has some of the fastest-growing economies. Urbanization is on the rise in several countries across the region. According to the UN database, around 2.5 billion people are expected to move to urban areas from 2018 to 2050, and 90% of urbanization is expected to happen in Asia and Africa.

The breakup of the profiles of the primary participants is given below:
• By Company: Tier 1 – 30%, Tier 2 – 42%, and Tier 3 – 28%
• By Designation: C-Level Executives – 48%, Directors– 30%, Others*–22%
• By Region: North America – 20%, Europe – 25%, APAC – 45%, and RoW** – 10%

Note: Tier 1 companies have revenues over USD 1 billion; tier 2 companies have revenues ranging from USD 500 million to USD 1 billion, and tier 3 companies have revenues ranging from USD 100 million to USD 500 million. *Others includes sales managers, marketing managers, and product managers. **RoW includes Latin America and Middle East And Africa (MEA)

Source: Industry Experts
The following key parking managementvendorsare profiled in the report:
• GROUP Indigo (France)
• Amano(Japan)
• Siemens(Germany)
• Bosch Group(Germany)
• Conduent(US)
• APCOA PARKING(US)
• Precise ParkLink(Canada)
• SWARCO(Austria)
• SKIDATA(Austria)
• T2 Systems(US)
• FlashParking(US)
• Passport Labs(US)
• Flowbird Group(France)
• ParkMobile(US)
• SpotHero(US)
• Get My Parking(India)
• INRIX(US)
• IPS Group(US)
• Smart Parking (Australia)
• Chetu(US)
• TIBA Parking Systems(US)
• Q-Free(Norway)
• Streetline(US)
• ParkOffice (US)
• Urbiotica (Spain)
• CivicSmart (US)

Research Coverage
The parking management market is segmented into offering (solutions and services), deployment type(cloud and on-premises), parking site (off-street parking, on-street parking), and region.A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new serviceand product launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the parking management market.

Reasons to Buy the Report

The report would help the market leaders and new entrants in the following ways:
• It comprehensively segments the parking managementmarket and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
• It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market.
• It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes a competitor ecosystem, new service developments, partnerships, and mergers and acquisitions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Green & Bio-based Plastic Additives Market- Growth, Trends, and Forecast (2020 - 2025)

  • $ 4250
  • November 2020
  • 146 pages

The market for global green & bio-based plastic additives is expected to grow at a CAGR of approximately 5% globally during the forecast period. Growing demand for bio-based plastics for packaging applications ...

  • World
  • Europe
  • Bioplastic
  • Medical Device
  • Industry analysis
  • Vehicle Production
  • Medical Devices Sales

India In-depth PESTLE Insights $ 350 September 2020


ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on