LONDON--(BUSINESS WIRE)--The parking management solutions market is expected to grow by USD 3.42 billion, progressing at a CAGR of over 8% during the forecast period.
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The growth in smart parking deployment projects is one of the major factors propelling market growth. However, factors such as lack of integration among siloed parking technologies will hamper the market growth.
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Parking Management Solutions Market: Type Landscape
Off-street parking refers to the parking of vehicles in parking facilities such as garages and lots. The growing focus on improving city infrastructure and the rising number of malls, restaurants, and SMEs globally are driving the construction of off-street parking facilities. Off-street parking facilities are primarily built by private business enterprises for their customers. These facilities are integrated with advanced technologies. This is a major contributor to the off-street parking management solution market segment.
Parking Management Solutions Market: Geographic Landscape
North America was the largest parking management solutions market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increase in the requirement of traffic management will significantly drive parking management solutions market growth in this region over the forecast period. 32% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for parking management solutions in North America.
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Companies Covered:
- Amano Corp.
- Cisco Systems Inc.
- Conduent Inc.
- Flowbird SAS
- IPS Group Inc.
- Kapsch TrafficCom AG
- Libelium Comunicaciones Distribuidas SL
- Nedap NV
- Siemens AG
- SKIDATA AG
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook
- Market size and forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Revenue management - Market size and forecast 2019-2024
- Security and surveillance - Market size and forecast 2019-2024
- Access control - Market size and forecast 2019-2024
- Reservation management - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Type
- Market segments
- Comparison by Type
- Off-street parking - Market size and forecast 2019-2024
- On-street parking - Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Amano Corp.
- Cisco Systems Inc.
- Conduent Inc.
- Flowbird SAS
- IPS Group Inc.
- Kapsch TrafficCom AG
- Libelium Comunicaciones Distribuidas SL
- Nedap NV
- Siemens AG
- SKIDATA AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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