Parking Management Market Worth US$ 9.0 Billion by 2021

Market Research Engine has published a new report titled as “Parking Management Market by Software (Payment and Information Systems), by Verticals (Corporate and commercial parks, Retail, Hospitality, Healthcare, Recreations) – Global Industry Analysis, Trends and Forecast 2015 - 2021”


Deerfield Beach, FL -- (SBWire) -- 11/24/2016 --The parking management market is expected to exceed more than US$ 9000 million by 2021.

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The number of vehicles are growing on road rapidly which increases problem regarding to the shortage of parking space. Scarcity of parking spaces or parking problems is increasing globally so that parking management is best solution for this problem. Parking management contains various solutions such as it provides information of current parking space existence which results in less traffic congestion to the driver. It also provides efficient and effective use of parking spaces.

The major driving factors of parking management market are as follows:

Requirement of smooth traffic flow
Falling connectivity and hardware costs

The restraining factors of parking management market are as follows:

System inter-operability
Cost sensitivity of parking space machinists

The parking management market is segmented on the lines of its software, system device, and service, parking site type, solutions and verticals. Based on software segmentation it covers payment system and information system. Under system device segmentation it contains automated gates, surveillance cameras and digital video recorders, radio frequency identification transponders, ultrasonic occupancy sensors, handheld ticket writers and parking management meters. The parking management market is segmented on the lines of its services like maintenance and support and deployments and customization. Based on parking site type segmentation it covers off street parking and on street parking. Under solution segmentation it covers parking guidance and slot management, parking enforcement and slot management, valet parking management, parking reservation management, security and surveillance, parking and revenue management and access control. Parking and revenue management is further segmented into pay by plate, smart card based and coin based. Access control segmentation covers LPR based automatic vehicle identification, ID management and biometric. Under verticals segmentation it covers BFSI, corporate and commercial parks, retail, hospitality, healthcare, recreations, transportation transits, government and municipalities and academia. The parking management market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

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This report provides:

1) An overview of the global market for parking management and related technologies globally.

2) Analysis of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2021.

3) Identifications of new market opportunities and targeted promotional plans for parking management.

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.


The scope of the report includes a detailed study of global and regional markets for various types of parking management solutions with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Tyco Security Products (Nedap AVI), 3M Company, Siemens AG, HCL Technologies Ltd., TCS International Inc, Integrapark, LLC, Complus Data Innovations, Inc., Amano Corporation, Passport Parking, LLC, TransCore LP, Vodafone Group PLC, Affiliated Computer Services, Group Techna, Inc., Netpark, LLC, Data Ticket, Inc., Parkopedia Inc. and Energy Development Corporation. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry's most influential players.

The Parking Management Market has been segmented as below:

By Software Analysis
Payment system
Information system

By System Device Analysis

Automated gates
Surveillance cameras and digital video recorders
Radio frequency identification transponders
Ultrasonic occupancy sensors
Handheld ticket writers
Parking management meters

By Service Analysis

Maintenance and support
Deployments and customization

By Parking site type Analysis

Off street parking
On street parking

By Solution Analysis

Parking guidance and slot management
Parking enforcement and slot management
Valet parking management
Parking reservation management
Security and surveillance
Parking and revenue management
Pay by plate
Smart card based
Coin based

Access Control
LPR based automatic vehicle identification
ID management

By Verticals Analysis

Corporate and commercial parks
Transportation transits
Government and municipalities

By Regional Analysis

North America
Rest of the World

Reasons to Buy this Report:

1) Obtain the most up to date information available on all parking management market globally.

2) Identify growth segments and opportunities in the industry.

3) Facilitate decision making on the basis of strong historic and forecast of parking management market data.

4) Assess your competitor's refining portfolio and its evolution.

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