GLOBAL PARKING MANAGEMENT MARKET 2019-2027

Automotive & Transportation | Automotive Technologies

GLOBAL PARKING MANAGEMENT MARKET 2019-2027

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

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According to Triton, the global parking management market is expected to display a positive market trend over the forecast period of 2019-2027, exhibiting a CAGR of 11.68%. The market was assessed to be worth $3535.85 million in the year 2018 and is predicted to generate a revenue of approximately $9505.60 million by the year 2027.

Due to the increased production and use of cars, especially in the developed and urban parts of the world, the parking management market has been growing. This growth is anticipated to accelerate further due to the increasing demand for automobiles from emerging economies like those in the Asia-Pacific, Latin America, and the African region. The role of a parking management system is to help a driver situate a vacant parking space. The presence or absence of a vehicle is detected by sensors installed in each parking space; these sensors provide real-time data to the system. Implementing parking management systems helps to systematically allocate and maximally utilize space for parking. 


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The rising number of automobiles is creating massive headaches for city planners and drivers, and this is going to show an upward trend if not handled accurately. A concept like smart cities is gaining popularity among the technologically developing world for managing the resources in the best possible way. Smart cities will aim at reducing parking issues that cause street congestion and wasted time for drivers searching for space. Cities are dealing with congestion issues by implementing solutions such as setting up parking prices that fluctuate based on demand - in order to ensure a space is always available, revamping of parking permit policies and updating traffic laws to allow transit-oriented development. 

Within this report, the market definition for the parking management market and the key insights regarding the market have been discussed. Also, the market attractiveness matrix, vendor scorecard, Porter's five force analysis, key impact analysis, industrial player positioning and key market strategies have been studied for the parking management market. 

Market drivers like evolving automotive industry, growing necessity of eliminating the traffic jams, increased number of automotive thefts and real-time information in parking management have been analyzed. The market is facing restraints like high implementation costs and difficulties in upgrading the older parking places, which are obstructing the market growth.

Key opportunities like the emergence of advanced license plate recognition technology, growing smart city projects across the globe and optimum utilization of space can be leveraged by the market to get towards the projected growth. Challenges such as the high cost of workforce training and the costs associated with licensing & maintenance are being faced by the market at the moment.

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Geographies that are studied in the global parking management market are:

•    North America: United States and Canada

•    Europe: United Kingdom, Germany, France, Italy, Spain, Russia and Rest of Europe

•    Asia-Pacific: China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand and Rest of Asia-Pacific

•    Latin America: Brazil, Mexico and Rest of Latin America

•    The Middle East and Africa: United Arab Emirates, Turkey, Saudi Arabia, South Africa and Rest of the Middle East & Africa

Segmentation analysis of the parking management market:

•    Parking Sites:

O    Off-street Parking  

O    On-street Parking

•    Software & Service:

O    Software

O    Professional Services

•    Solutions:

O    Access Control 

O    Parking Guidance & Slot Management

O    Parking Reservation Management

O    Parking Fee & Revenue Management

O    Parking Fee Enforcement & Permit Management 

O    Valet Parking Management & Security 

O    Surveillance

•    Verticals:

O    Government & Municipalities

O    Recreation

O    Corporate & Commercial Parks

O    Academia

O    Healthcare

O    Retail

O    Banking & Financial Institutions

O    Transportation

O    Hospitality

O    Other Verticals

The top companies that have been studied in the parking management market are 3M Company, Amano McGann Inc., Cisco Systems Inc, Cubic Corporation, Deutsche Telekom AG, Gemalto N.V., HCL Infotech Ltd, International Business Machines Corporation (IBM), Indigo, INRIX, Inc, Kapsch Trafficcom AG, MSR-Traffic, Nedap Mobility Solutions, On Track Innovations (OTI) Ltd, Orange Business Services, ParkMe, Parkopedia, Q-Free A.S.A., Serco Group Plc, Siemens AG, SKIDATA AG, Swarco AG, Synapt (division of Prodapt), T2 Systems Inc. and Xerox Corporation.

The strategic analysis for each of these companies in the parking management market has been covered in detail. The company market share helps to dive into the information about the key market players in this industry and how much hold they have on the market.


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Table of Content

1.    GLOBAL 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.    GLOBAL PARKING MANAGEMENT MARKET OUTLOOK - BY PARKING SITE TYPE

3.1. OFF-STREET PARKING

3.2. ON-STREET PARKING

4.    GLOBAL PARKING MANAGEMENT MARKET OUTLOOK - BY SOFTWARE & SERVICE

4.1. SOFTWARE

4.2. PROFESSIONAL SERVICES

5.    GLOBAL 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.    GLOBAL 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.    GLOBAL PARKING MANAGEMENT MARKET - REGIONAL OUTLOOK

7.1. NORTH AMERICA

7.1.1. MARKET BY PARKING SITE TYPE

7.1.2. MARKET BY SOFTWARE & SERVICE

7.1.3. MARKET BY SOLUTIONS

7.1.4. MARKET BY VERTICALS

7.1.5. COUNTRY ANALYSIS

7.1.5.1.      UNITED STATES

7.1.5.2.      CANADA

7.2. EUROPE

7.2.1. MARKET BY PARKING SITE TYPE

7.2.2. MARKET BY SOFTWARE & SERVICE

7.2.3. MARKET BY SOLUTIONS

7.2.4. MARKET BY VERTICALS

7.2.5. COUNTRY ANALYSIS

7.2.5.1.      UNITED KINGDOM

7.2.5.2.      GERMANY

7.2.5.3.      FRANCE

7.2.5.4.      ITALY

7.2.5.5.      SPAIN

7.2.5.6.      RUSSIA

7.2.5.7.      REST OF EUROPE

7.3. ASIA-PACIFIC

7.3.1. MARKET BY PARKING SITE TYPE

7.3.2. MARKET BY SOFTWARE & SERVICE

7.3.3. MARKET BY SOLUTIONS

7.3.4. MARKET BY VERTICALS

7.3.5. COUNTRY ANALYSIS

7.3.5.1.      CHINA

7.3.5.2.      JAPAN

7.3.5.3.      INDIA

7.3.5.4.      SOUTH KOREA

7.3.5.5.      ASEAN COUNTRIES

7.3.5.6.      AUSTRALIA & NEW ZEALAND

7.3.5.7.      REST OF ASIA-PACIFIC

7.4. LATIN AMERICA

7.4.1. MARKET BY PARKING SITE TYPE

7.4.2. MARKET BY SOFTWARE & SERVICE

7.4.3. MARKET BY SOLUTIONS

7.4.4. MARKET BY VERTICALS

7.4.5. COUNTRY ANALYSIS

7.4.5.1.      BRAZIL

7.4.5.2.      MEXICO

7.4.5.3.      REST OF LATIN AMERICA

7.5. MIDDLE EAST AND AFRICA

7.5.1. MARKET BY PARKING SITE TYPE

7.5.2. MARKET BY SOFTWARE & SERVICE

7.5.3. MARKET BY SOLUTIONS

7.5.4. MARKET BY VERTICALS

7.5.5. COUNTRY ANALYSIS

7.5.5.1.      UNITED ARAB EMIRATES

7.5.5.2.      TURKEY

7.5.5.3.      SAUDI ARABIA

7.5.5.4.      SOUTH AFRICA

7.5.5.5.      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 Tables

TABLE 1. GLOBAL PARKING MANAGEMENT MARKET, REGIONAL OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 2. MARKET ATTRACTIVENESS MATRIX

TABLE 3. VENDOR SCORECARD

TABLE 4. GLOBAL PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE, 2019-2027 (IN $ MILLION)

TABLE 5. GLOBAL PARKING MANAGEMENT MARKET, BY SOFTWARE & SERVICE, 2019-2027 (IN $ MILLION)

TABLE 6. GLOBAL PARKING MANAGEMENT MARKET, BY SOLUTIONS, 2019-2027 (IN $ MILLION)

TABLE 7. GLOBAL PARKING MANAGEMENT MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 8. GLOBAL PARKING MANAGEMENT MARKET, REGIONAL OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 9. NORTH AMERICA PARKING MANAGEMENT MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 10. NORTH AMERICA PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE, 2019-2027 (IN $ MILLION)

TABLE 11. NORTH AMERICA PARKING MANAGEMENT MARKET, BY SOFTWARE & SERVICE, 2019-2027 (IN $ MILLION)

TABLE 12. NORTH AMERICA PARKING MANAGEMENT MARKET, BY SOLUTIONS, 2019-2027 (IN $ MILLION)

TABLE 13. NORTH AMERICA PARKING MANAGEMENT MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 14. EUROPE PARKING MANAGEMENT MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 15. EUROPE PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE, 2019-2027 (IN $ MILLION)

TABLE 16. EUROPE PARKING MANAGEMENT MARKET, BY SOFTWARE & SERVICE, 2019-2027 (IN $ MILLION)

TABLE 17. EUROPE PARKING MANAGEMENT MARKET, BY SOLUTIONS, 2019-2027 (IN $ MILLION)

TABLE 18. EUROPE PARKING MANAGEMENT MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 19. ASIA-PACIFIC PARKING MANAGEMENT MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 20. ASIA-PACIFIC PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE, 2019-2027 (IN $ MILLION)

TABLE 21. ASIA-PACIFIC PARKING MANAGEMENT MARKET, BY SOFTWARE & SERVICE, 2019-2027 (IN $ MILLION)

TABLE 22. ASIA-PACIFIC PARKING MANAGEMENT MARKET, BY SOLUTIONS, 2019-2027 (IN $ MILLION)

TABLE 23. ASIA-PACIFIC PARKING MANAGEMENT MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 24. LATIN AMERICA PARKING MANAGEMENT MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 25. LATIN AMERICA PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE, 2019-2027 (IN $ MILLION)

TABLE 26. LATIN AMERICA PARKING MANAGEMENT MARKET, BY SOFTWARE & SERVICE, 2019-2027 (IN $ MILLION)

TABLE 27. LATIN AMERICA PARKING MANAGEMENT MARKET, BY SOLUTIONS, 2019-2027 (IN $ MILLION)

TABLE 28. LATIN AMERICA PARKING MANAGEMENT MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 29. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 30. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY PARKING SITE TYPE, 2019-2027 (IN $ MILLION)

TABLE 31. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY SOFTWARE & SERVICE, 2019-2027 (IN $ MILLION)

TABLE 32. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY SOLUTIONS, 2019-2027 (IN $ MILLION)

TABLE 33. MIDDLE EAST AND AFRICA PARKING MANAGEMENT MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

List of Figures

FIGURE 1. GLOBAL PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)  

FIGURE 2. PORTER’S FIVE FORCE ANALYSIS

FIGURE 3. GLOBAL PARKING MANAGEMENT MARKET, BY OFF-STREET PARKING, 2019-2027 (IN $ MILLION)          

FIGURE 4. GLOBAL PARKING MANAGEMENT MARKET, BY ON-STREET PARKING, 2019-2027 (IN $ MILLION)        

FIGURE 5. GLOBAL PARKING MANAGEMENT MARKET, BY SOFTWARE, 2019-2027 (IN $ MILLION)      

FIGURE 6. GLOBAL PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICES, 2019-2027 (IN $ MILLION)

FIGURE 7. GLOBAL PARKING MANAGEMENT MARKET, BY ACCESS CONTROL, 2019-2027 (IN $ MILLION)        

FIGURE 8. GLOBAL PARKING MANAGEMENT MARKET, BY PARKING GUIDANCE & SLOT MANAGEMENT, 2019-2027 (IN $ MILLION)     

FIGURE 9. GLOBAL PARKING MANAGEMENT MARKET, BY PARKING RESERVATION MANAGEMENT, 2019-2027 (IN $ MILLION)     

FIGURE 10. GLOBAL PARKING MANAGEMENT MARKET, BY PARKING FEE & REVENUE MANAGEMENT, 2019-2027 (IN $ MILLION)     

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

FIGURE 12. GLOBAL PARKING MANAGEMENT MARKET, BY VALET PARKING MANAGEMENT, 2019-2027 (IN $ MILLION)     

FIGURE 13. GLOBAL PARKING MANAGEMENT MARKET, BY SECURITY & SURVEILLANCE, 2019-2027 (IN $ MILLION)

FIGURE 14. GLOBAL PARKING MANAGEMENT MARKET, BY GOVERNMENT & MUNICIPALITIES, 2019-2027 (IN $ MILLION)  

FIGURE 15. GLOBAL PARKING MANAGEMENT MARKET, BY RECREATION, 2019-2027 (IN $ MILLION)      

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

FIGURE 17. GLOBAL PARKING MANAGEMENT MARKET, BY ACADEMIA, 2019-2027 (IN $ MILLION)      

FIGURE 18. GLOBAL PARKING MANAGEMENT MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)      

FIGURE 19. GLOBAL PARKING MANAGEMENT MARKET, BY RETAIL, 2019-2027 (IN $ MILLION)      

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

FIGURE 21. GLOBAL PARKING MANAGEMENT MARKET, BY TRANSPORTATION, 2019-2027 (IN $ MILLION)        

FIGURE 22. GLOBAL PARKING MANAGEMENT MARKET, BY HOSPITALITY, 2019-2027 (IN $ MILLION)      

FIGURE 23. GLOBAL PARKING MANAGEMENT MARKET, BY OTHER VERTICALS, 2019-2027 (IN $ MILLION)

FIGURE 24. GLOBAL PARKING MANAGEMENT MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

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

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

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

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

FIGURE 29. FRANCE PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30. ITALY PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31. SPAIN PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)    

FIGURE 32. RUSSIA PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION) 

FIGURE 33. REST OF EUROPE PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 34. CHINA PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)    

FIGURE 35. JAPAN PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)   

FIGURE 36. INDIA PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37. SOUTH KOREA PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 38. ASEAN COUNTRIES PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)      

FIGURE 39. AUSTRALIA & NEW ZEALAND PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)      

FIGURE 40. REST OF ASIA-PACIFIC PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 41. BRAZIL PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)  

FIGURE 42. MEXICO PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 43. REST OF LATIN AMERICA PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 44. UNITED ARAB EMIRATES PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)      

FIGURE 45. SAUDI ARABIA PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 46. TURKEY PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 47. SOUTH AFRICA PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 48. REST OF MIDDLE EAST & AFRICA PARKING MANAGEMENT MARKET, 2019-2027 (IN $ MILLION)         

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