Parking Management Market: Market Segments: By Component (Solution and Services); By Parking site (Off-street Parking and On-street Parking); By Deployment Type (On-premises and Cloud); By Application (Transport Transit, Commercial and Government); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030

Product Overview

Parking management systems help people find parking spaces easily and provide the appropriate instructions to make the whole process seamless, minimize frustration and enhance the experience of visitors. Parking management services include traveler information systems, real-time vehicle monitoring, video surveillance, real-time parking warnings, and convenient choices for payment.

Market Highlights

Parking Management Market is expected to project a notable CAGR of 7.5% in 2030.

Parking Management Market to surpass USD 58.9 billion by 2030 from USD 32.6 billion in 2019 at a CAGR of 7.5% throughout the forecast period, i.e., 2020-30. The demand for parking management is expected to flourish in the coming years since many governments in developing countries are attracting foreign direct investment (FDI) to optimize traffic congestion and increase parking operations

Parking Management Market: Segments

Off-street Parking segment to grow with the highest CAGR during 2020-30

Parking Management Market is segmented by parking site as on-street and off-street parking. The greater market share in 2019 was accounted by On-Street Parking segment. On-street parking management is required to accomplish targets using a variety of methods, including spaces where parking is permitted and prohibited by designing parking spaces and facilities and signage, restricting access to certain classes, enforcing a time limit, charging fees to enforce compliance with all agreements, and measuring progress.

Parking Management Market: Market Dynamics

Drivers

Increasing Need of Traffic Management and Fuel Saving

With parking operators operating their entire infrastructure on a hyper-scale public cloud, it allows them the opportunity to scale up when and when needed, in addition to access to new technology and an enhanced degree of mobility in a full pay-as-you-go model. The Parking Index and Parking turnover is also high and rising with positive growth rates as a result of off-street parking. As developers end up constructing additional spaces in compliance with legislation about the size and amount of parking spaces, some parking spaces remain unused.

Restrain

Security Concerns and Complexity in System Integration

Different hardware sensors, real-time messaging systems, traffic control software, wireless and wired telephone systems, computer servers, and application interfaces are part of parking management. The diversity and variability in the hardware infrastructure and software systems for parking management is immense. In order to enforce the definition of dynamic priced parking, the collection and analysis of parking data from various systems is also important.

Parking Management Market: Key Players

• DEPLOT

• Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.

• Bond Traffic Solutions

• FlashParking, Inc.

• TIBA Parking

• Infocomm Group LLC

• Passport Inc.

• Nex Valet LLC

• Amano McGann

• SAP SE

• Q-Free ASA

• Parkmobile USA Inc.

• Siemens AG

Parking Management Market: Regions

Parking Management Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

Parking Management Market in North America held the largest market share of XX.X% in the year 2018 and as constitutes of developed economies, such as the US and Canada. Large IT companies and rapid technological developments, such as digitalization in the US and Canada, are driving market growth in this area. Those countries' well-established economies allow the region to invest heavily in leading solutions and services for parking management. Several parking infrastructure schemes in the city are currently underway. Over the next six years, Asia Pacific is projected to emerge as the fastest-growing regional market. Growing government spending on building smart cities can be attributed to the development of this regional sector. Over the next six years, Asia Pacific is projected to emerge as the fastest-growing regional market. The growth of this regional market can be attributed to increased government expenditure on smart city development.

Parking Management Market report also contains analysis on:

Parking Management Market Segments:

By Component:

• Solutions

o Access Control

o Security & Surveillance

o Revenue Management

o Parking Reservation Management

o Valet Parking Management

o Other

• Services

o Consulting Services

o System Integration & Deployment

o Support & Maintenance

By Parking site:

• Off-street Parking

• On-street Parking

By Deployment Model:

• On-premises

• Cloud

By Application:

• Transport Transit

• Commercial

• Government

• Parking Management Market Dynamics

• Parking Management Market Size

• Supply & Demand

• Current Trends/Issues/Challenges

• Competition & Companies Involved in the Market

• Value Chain of the Market

• Market Drivers and Restraints

FAQs on Parking Management Market

· Which segment is anticipated to hold the largest market share

· At what CAGR is the market anticipated to grow between 2020 and 2030

· Who are the key players in the Parking Management Market

· What could be the challenging factors in the growth of Parking Management Market

· What are the growth drivers for the Parking Management Market

Contents

1. Executive Summary

2. Parking Management Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Parking Management Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Parking Management Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Parking Management: Market Segmentation

12.1. By Regions

12.1.1. North America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Europe:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Asia-Pacific:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. MEA:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Latin America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Component: Market Share (2020-2030F)

12.2.1. Solutions, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3 By Parking site: Market Share (2020-2030F)

12.3.1. Off-street Parking, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. On-street Parking, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4 By Deployment Model: Market Share (2020-2030F)

12.4.1. Public Cloud, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.2. On-premises, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5 By Application: Market Share (2020-2030F)

12.5.1. Transport Transit, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.2. Commercial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.3. Government, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13. Company Profile

13.1.1. DEPLOT

13.1.2. Company Overview

13.1.3. Company Total Revenue (Financials)

13.1.4. Market Potential

13.1.5. Global Presence

13.1.6. Key Performance Indicators

13.1.7. SWOT Analysis

13.1.8. Product Launch

13.2. Bond Traffic Solutions

13.3. FlashParking, Inc.

13.4. TIBA Parking

13.5. Infocomm Group LLC

13.6. Passport Inc.

13.7. Nex Valet LLC

13.8. Amano McGann

13.9. SAP SE

13.10. Q-Free ASA

13.11. Parkmobile USA Inc.

13.12. Siemens AG

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)