MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET 2019-2027

Automotive & Transportation | Automotive Technologies

MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET 2019-2027

Market By Parking Site Type, Software & Service, Solution, Verticals And Geography | Forecast 2019-2027

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As per a research report by Triton Market Research, the Middle East and Africa market for parking management are anticipated to show positive growth with a CAGR of 13.10% in the forecasting years of 2019-2027.

The countries that have been included in the report on the Middle East and Africa’s parking management market are:

•           The United Arab Emirates

•           Turkey

•           Saudi Arabia

•           South Africa

•           Rest of the Middle East & Africa

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The rising production of motor vehicles in the Middle East and North Africa is the key trend for the growth of the parking management market, as most of the motor vehicles produced are exported to other countries. Thus, the production of motor vehicles is very high in MENA, which drives the requirement for parking management solutions in this region. According to the Investment Support and Promotion Agency of Turkey, the motor vehicle industry led the motor vehicle exports in Turkey in the year 2015. According to the Africa Check Organization, in 2015, approx. 53809 cars were stolen and on average approx. 147.4 cars or vehicles were stolen each day in Africa. Thus, the rising theft of motor vehicles in the rest of Africa drives the market of parking management.

It is expected for inflationary pressures in Angola to continue to act as a drag on sales, in both the passenger vehicles and the CV segment, as the household and business budgets are eroded by high living costs in the country. With Angola lacking domestic production and thus being heavily reliant on the importation of both new & used vehicles, a weakening kwanza is expected to keep vehicle prices elevated. These unattractive borrowing costs will continue to constrain credit growth in the country, leading to a fall in demand for new auto loans and increased deleveraging by consumers and businesses already in possession of auto loan debts. With the MEA regions focusing on expansion in the automotive industry, there is a need felt for more parking management systems and services because of the increasing rate of traffic, as well as lesser parking spaces available.

Cisco Systems, Inc., is engaged in the designing, manufacturing and sales of IP-based networking as well as other products related to IT and communications industry and also provides services associated with these products and their use. The company classifies its operations into four segments, namely the Americas, Europe, the Middle East & Africa (EMEA) and the Asia-Pacific, Japan & China (APJC). In FY2016, the EMEA segment accounted for 24.9% of the company's total revenues.

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Table of Content

1.    MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.3. PORTER’S FIVE FORCE ANALYSIS

2.4. MARKET ATTRACTIVENESS MATRIX

2.5. VENDOR SCORECARD

2.6. KEY IMPACT ANALYSIS

2.7. MARKET DRIVERS

2.7.1. EVOLVING AUTOMOTIVE INDUSTRY

2.7.2. GROWING NECESSITY OF ELIMINATING TRAFFIC JAMS

2.7.3. INCREASED NUMBER OF AUTOMOTIVE THEFTS

2.7.4. INTRODUCTION OF REAL-TIME INFORMATION IN PARKING MANAGEMENT

2.8. MARKET RESTRAINTS

2.8.1. HIGH IMPLEMENTATION COSTS

2.8.2. DIFFICULTIES IN UPGRADATION OF OLD-FASHIONED PARKING PLACES

2.9. MARKET OPPORTUNITIES

2.9.1. EMERGENCE OF ADVANCED LICENSE PLATE RECOGNITION (LPR) TECHNOLOGY

2.9.2. GROWING SMART CITY PROJECTS ACROSS THE GLOBE

2.9.3. OPTIMAL UTILIZATION OF SPACE

2.10. MARKET CHALLENGES

2.10.1. HIGH COST OF WORKFORCE TRAINING

2.10.2. COSTS ASSOCIATED WITH LICENSING AND MAINTENANCE

3.    MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET OUTLOOK - BY PARKING SITE TYPE

3.1. OFF-STREET PARKING

3.2. ON-STREET PARKING

4.    MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET OUTLOOK - BY SOFTWARE & SERVICE

4.1. SOFTWARE

4.2. PROFESSIONAL SERVICES

5.    MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET OUTLOOK - BY SOLUTION

5.1. ACCESS CONTROL

5.2. PARKING GUIDANCE & SLOT MANAGEMENT

5.3. PARKING RESERVATION MANAGEMENT

5.4. PARKING FEE & REVENUE MANAGEMENT

5.5. PARKING FEE ENFORCEMENT & PERMIT MANAGEMENT

5.6. VALET PARKING MANAGEMENT

5.7. SECURITY & SURVEILLANCE

6.    MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET OUTLOOK - BY VERTICALS

6.1. GOVERNMENT & MUNICIPALITIES

6.2. RECREATION

6.3. CORPORATE & COMMERCIAL PARKS

6.4. ACADEMIA

6.5. HEALTHCARE

6.6. RETAIL

6.7. BANKING & FINANCIAL INSTITUTIONS

6.8. TRANSPORTATION

6.9. HOSPITALITY

6.10. OTHER VERTICALS

7.    MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET - REGIONAL OUTLOOK

7.1. UNITED ARAB EMIRATES

7.2. TURKEY

7.3. SAUDI ARABIA

7.4. SOUTH AFRICA

7.5. REST OF MIDDLE EAST & AFRICA

8.    COMPETITIVE LANDSCAPE

8.1. 3M COMPANY

8.2. AMANO MCGANN, INC.

8.3. CISCO SYSTEMS, INC.

8.4. CUBIC CORPORATION

8.5. DEUTSCHE TELEKOM AG

8.6. GEMALTO N.V.

8.7. HCL INFOTECH LTD.

8.8. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)

8.9. INDIGO

8.10. INRIX, INC.

8.11. KAPSCH TRAFFICCOM AG

8.12. MSR-TRAFFIC

8.13. NEDAP MOBILITY SOLUTIONS

8.14. ON TRACK INNOVATIONS (OTI) LTD.

8.15. ORANGE BUSINESS SERVICES

8.16. PARKME

8.17. PARKOPEDIA

8.18. Q-FREE A.S.A.

8.19. SERCO GROUP PLC

8.20. SIEMENS AG

8.21. SKIDATA AG

8.22. SWARCO AG

8.23. SYNAPT (DIVISION OF PRODAPT)

8.24. T2 SYSTEMS, INC.

8.25. XEROX CORPORATION

9.    METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

List of table

TABLE 1. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 2. MARKET ATTRACTIVENESS MATRIX

TABLE 3. VENDOR SCORECARD

TABLE 4. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE, 2019-2027 (IN $ MILLION)

TABLE 5. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY SOFTWARE & SERVICE, 2019-2027 (IN $ MILLION)

TABLE 6. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY SOLUTIONS, 2019-2027 (IN $ MILLION)

TABLE 7. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 8. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

List of Figures

FIGURE 1. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 2. PORTER’S FIVE FORCE ANALYSIS

FIGURE 3. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY OFF-STREET PARKING, 2019-2027 (IN $ MILLION)    

FIGURE 4. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY ON-STREET PARKING, 2019-2027 (IN $ MILLION)    

FIGURE 5. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY SOFTWARE, 2019-2027 (IN $ MILLION)

FIGURE 6. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICES, 2019-2027 (IN $ MILLION)     

FIGURE 7. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY ACCESS CONTROL, 2019-2027 (IN $ MILLION)  

FIGURE 8. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY PARKING GUIDANCE & SLOT MANAGEMENT, 2019-2027 (IN $ MILLION)    

FIGURE 9. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY PARKING RESERVATION MANAGEMENT, 2019-2027 (IN $ MILLION)           

FIGURE 10. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY PARKING FEE & REVENUE MANAGEMENT, 2019-2027 (IN $ MILLION)        

FIGURE 11. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY PARKING FEE ENFORCEMENT & PERMIT MANAGEMENT, 2019-2027 (IN $ MILLION)

FIGURE 12. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY VALET PARKING MANAGEMENT, 2019-2027 (IN $ MILLION)          

FIGURE 13. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY SECURITY & SURVEILLANCE, 2019-2027 (IN $ MILLION)   

FIGURE 14. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY GOVERNMENT & MUNICIPALITIES, 2019-2027 (IN $ MILLION)    

FIGURE 15. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY RECREATION, 2019-2027 (IN $ MILLION)        

FIGURE 16. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY CORPORATE & COMMERCIAL PARKS, 2019-2027 (IN $ MILLION)

FIGURE 17. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY ACADEMIA, 2019-2027 (IN $ MILLION)

FIGURE 18. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)       

FIGURE 19. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY RETAIL, 2019-2027 (IN $ MILLION)          

FIGURE 20. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY BANKING & FINANCIAL INSTITUTIONS, 2019-2027 (IN $ MILLION)        

FIGURE 21. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY TRANSPORTATION, 2019-2027 (IN $ MILLION)         

FIGURE 22. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY HOSPITALITY, 2019-2027 (IN $ MILLION)        

FIGURE 23. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY OTHER VERTICALS, 2019-2027 (IN $ MILLION)

FIGURE 24. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)  

FIGURE 25. UNITED ARAB EMIRATES PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26. SAUDI ARABIA PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27. TURKEY PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28. SOUTH AFRICA PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 29. REST OF MIDDLE EAST & AFRICA PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)

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