Product Code: IRTNTR43312
Parking Management Solutions Market 2024-2028
The parking management solutions market is forecasted to grow by USD 3047 mn during 2023-2028, accelerating at a CAGR of 7.1% during the forecast period. The report on the parking management solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of vehicles on road, need for convenient and assured parking, and growth in smart parking deployment projects.
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.5% |
CAGR | 7.1% |
Incremental Value | $3047 mn |
Technavio's parking management solutions market is segmented as below:
By Product
- Revenue management
- Security and surveillance
- Access control
- Reservation management
- Others
By Type
- Off-street parking
- On-street parking
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the introduction of innovative products and services as one of the prime reasons driving the parking management solutions market growth during the next few years. Also, use of lpwan technologies and introduction of automatic valet parking will lead to sizable demand in the market.
The report on the parking management solutions market covers the following areas:
- Parking Management Solutions Market sizing
- Parking Management Solutions Market forecast
- Parking Management Solutions Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading parking management solutions market vendors that include ABM Industries Inc., AMANO Corp, APCOA PARKING Holdings GmbH, Chetu Inc., Cisco Systems Inc., Conduent Inc., Hangzhou Hikvision Digital Technology Co. Ltd., IDeaS, INRIX Inc., Intercomp Spa, IPS Group Inc., Kapsch TrafficCom AG, Kudelski SA, Nedap NV, Nimble Planet Ltd., ParknSecure Pvt. Ltd., Passport Labs Inc, Robert Bosch GmbH, Siemens AG, SWARCO AG, T2 Systems, TIBA PARKING SYSTEMS, and URBIOTICA. Also, the parking management solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Parking Management Solutions Market 2018 - 2022
- Historic Market Size - Data Table on Global Parking Management Solutions Market 2018 - 2022 ($ million)
- 4.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ million)
- 4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
- 6.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
- 6.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 6.3 Revenue management - Market size and forecast 2023-2028
- Chart on Revenue management - Market size and forecast 2023-2028 ($ million)
- Data Table on Revenue management - Market size and forecast 2023-2028 ($ million)
- Chart on Revenue management - Year-over-year growth 2023-2028 (%)
- Data Table on Revenue management - Year-over-year growth 2023-2028 (%)
- 6.4 Security and surveillance - Market size and forecast 2023-2028
- Chart on Security and surveillance - Market size and forecast 2023-2028 ($ million)
- Data Table on Security and surveillance - Market size and forecast 2023-2028 ($ million)
- Chart on Security and surveillance - Year-over-year growth 2023-2028 (%)
- Data Table on Security and surveillance - Year-over-year growth 2023-2028 (%)
- 6.5 Access control - Market size and forecast 2023-2028
- Chart on Access control - Market size and forecast 2023-2028 ($ million)
- Data Table on Access control - Market size and forecast 2023-2028 ($ million)
- Chart on Access control - Year-over-year growth 2023-2028 (%)
- Data Table on Access control - Year-over-year growth 2023-2028 (%)
- 6.6 Reservation management - Market size and forecast 2023-2028
- Chart on Reservation management - Market size and forecast 2023-2028 ($ million)
- Data Table on Reservation management - Market size and forecast 2023-2028 ($ million)
- Chart on Reservation management - Year-over-year growth 2023-2028 (%)
- Data Table on Reservation management - Year-over-year growth 2023-2028 (%)
- 6.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 6.8 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 7.3 Off-street parking - Market size and forecast 2023-2028
- Chart on Off-street parking - Market size and forecast 2023-2028 ($ million)
- Data Table on Off-street parking - Market size and forecast 2023-2028 ($ million)
- Chart on Off-street parking - Year-over-year growth 2023-2028 (%)
- Data Table on Off-street parking - Year-over-year growth 2023-2028 (%)
- 7.4 On-street parking - Market size and forecast 2023-2028
- Chart on On-street parking - Market size and forecast 2023-2028 ($ million)
- Data Table on On-street parking - Market size and forecast 2023-2028 ($ million)
- Chart on On-street parking - Year-over-year growth 2023-2028 (%)
- Data Table on On-street parking - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.10 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 9.11 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 9.12 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 ABM Industries Inc.
- ABM Industries Inc. - Overview
- ABM Industries Inc. - Business segments
- ABM Industries Inc. - Key news
- ABM Industries Inc. - Key offerings
- ABM Industries Inc. - Segment focus
- 12.4 AMANO Corp
- AMANO Corp - Overview
- AMANO Corp - Product / Service
- AMANO Corp - Key offerings
- 12.5 APCOA PARKING Holdings GmbH
- APCOA PARKING Holdings GmbH - Overview
- APCOA PARKING Holdings GmbH - Product / Service
- APCOA PARKING Holdings GmbH - Key news
- APCOA PARKING Holdings GmbH - Key offerings
- 12.6 Chetu Inc.
- Chetu Inc. - Overview
- Chetu Inc. - Product / Service
- Chetu Inc. - Key offerings
- 12.7 Cisco Systems Inc.
- Cisco Systems Inc. - Overview
- Cisco Systems Inc. - Business segments
- Cisco Systems Inc. - Key news
- Cisco Systems Inc. - Key offerings
- Cisco Systems Inc. - Segment focus
- 12.8 Conduent Inc.
- Conduent Inc. - Overview
- Conduent Inc. - Business segments
- Conduent Inc. - Key news
- Conduent Inc. - Key offerings
- Conduent Inc. - Segment focus
- 12.9 Hangzhou Hikvision Digital Technology Co. Ltd.
- Hangzhou Hikvision Digital Technology Co. Ltd. - Overview
- Hangzhou Hikvision Digital Technology Co. Ltd. - Product / Service
- Hangzhou Hikvision Digital Technology Co. Ltd. - Key news
- Hangzhou Hikvision Digital Technology Co. Ltd. - Key offerings
- 12.10 Kapsch TrafficCom AG
- Kapsch TrafficCom AG - Overview
- Kapsch TrafficCom AG - Business segments
- Kapsch TrafficCom AG - Key news
- Kapsch TrafficCom AG - Key offerings
- Kapsch TrafficCom AG - Segment focus
- 12.11 Kudelski SA
- Kudelski SA - Overview
- Kudelski SA - Business segments
- Kudelski SA - Key offerings
- Kudelski SA - Segment focus
- 12.12 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations