Parking Management Market To Reach $8,438.4 Million By 2024
“The global parking management market size is expected to reach USD 8,438.4 million by 2024. An increase in the number of vehicles across the world is impelling the demand for an effective system to counter the parking concerns�
The global parking management market size is expected to reach USD 8,438.4 million by 2024 according to a new study by Grand View Research, Inc. The increased public sector funding and constructive government initiatives are presumed to strengthen the global parking management industry growth. The market is anticipated to experience a surge in the demand for parking management solutionsin the commercial and government application segments and is expected to propelthe industry growth. The emergence of smart parking systems helps inefficiently addressing the traffic woes and parking-related issues. The system helps in minimizing fuel usage and consequently reducesautomobile emissions. The industry is expected to gain tractiondue to
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thedevelopment of systems with sophisticated features such as handicapped parking, auto-payment options, and voice guidance enabled through mobile phone applications. Detailed Research Report available at: http://www.grandviewresearch.com/industry-analysis/parking-managementmarket An increasing number of vehicles is impacting the availability of parking lots and is consequently fueling the demand for implementing parking management solutions across the globe. The systems help in making the cities cleaner, greener, and compact. The growing smartphone penetration will benefit the industry by increasing its reach. These parking mobile applications are expected to offer local businesses an opportunity to attract their most potential customers and provide them with the best offers for customers looking for parking. Further key findings from the study suggest: •
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The government application segment dominated the global parking management industry accounting for over 60% of the market share in 2015. The rising demand for minimizing vehicular emissions and effectively managing on-road automotive is expected to trigger the wide-scale adoption of parking management solutions in the government sector The North America regional market accounted for 40% of the overall revenue share in 2015. The rising interest of automobile manufacturers in the U.S. and Canada to develop parking management systems is projected to fuel growth in the region The demand for the parking reservation management solution segment accounted for 15% of the overall market share in 2015.This demand is expected to increase in the metropolitan cities as vehicle ownership is increasing, which is leading to parking problems. The parking reservation management reduces traffic congestion issues due to better parking space, reduced search time, cost for parking spaces, and increased parking revenue The service segment accounted for 18% of the global market share in 2015. The parking management solution providers, mobile payment companies, and parking
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data aggregators are changing the way parking is seen by the end-users and operators. This segment includes revenue generated from consultancy services, engineering services, and revenue generated by companies offering parking services through the mobile application. The segment is expected to be the fastestgrowing component segment The key players in the industry include Amano, 3M, Cubic Corporation, Swarco AG, Siemens AG, Kapsch TrafficCom, Xerox Corporation, and IBM Corporation
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-transportation Table of content of global parking management market research report: Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumption 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Parking management - Industry snapshot & key buying criteria, 2014 - 2024 Chapter 3. Parking Management Industry Outlook 3.1. Market segmentation 3.2. Market size and growth prospects 3.3. Parking management value chain analysis
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3.3.1. Vendor landscape 3.4. Parking management market dynamics 3.4.1. Market driver analysis 3.4.1.1. Increasing traffic congestion 3.4.1.2. Advancement in technology 3.4.1.3. Increasing investments in smart city projects 3.4.1.4. Growing adoption of smart parking system 3.4.2. Market restraint analysis 3.4.2.1. System integration 3.5. Key opportunities prioritized 3.6. Industry analysis - Porter's 3.7. Parking management- Key competitor analysis, 2015 3.8. Parking management market PESTEL analysis, 2015 Chapter 4. Parking management Application Outlook 4.1. Transport transit 4.1.1. Global market estimates and forecasts, 2014 - 2024 4.2. Commercial
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4.2.1. Global market estimates and forecasts, 2014 - 2024 4.3. Government 4.3.1. Global market estimates and forecasts, 2014 - 2024 Chapter 5. Parking Management Parking Site Outlook 5.1. On-street parking 5.1.1. Global market estimates and forecasts, 2014 - 2024 5.2. Off-street parking 5.2.1. Global market estimates and forecasts, 2014 - 2024 Chapter 6. Parking Management Component Outlook 6.1. Hardware 6.1.1. Global market estimates and forecasts, 2014 - 2024 6.2. Software 6.2.1. Global market estimates and forecasts, 2014 - 2024 6.3. Service 6.3.1. Global market estimates and forecasts, 2014 - 2024 Chapter 7. Parking Management Solution Outlook 7.1. Access control
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7.1.1. Global market estimates and forecasts, 2014 - 2024 7.2. Security & surveillance 7.2.1. Global market estimates and forecasts, 2014 - 2024 7.3. Revenue management 7.3.1. Global market estimates and forecasts, 2014 - 2024 7.4. Parking reservation management 7.4.1. Global market estimates and forecasts, 2014 - 2024 7.5. Valet parking management 7.5.1. Global market estimates and forecasts, 2014 - 2024 7.6. Other 7.6.1. Global market estimates and forecasts, 2014 - 2024 Chapter 8. Parking Management Regional Outlook 8.1. North America 8.1.1. Parking management market by application, 2014 - 2024 8.1.2. Parking management market by parking site, 2014 - 2024 8.1.3. Parking management market by component, 2014 - 2024 8.1.4. Parking management market by solution, 2014 - 2024
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8.1.5. U.S. 8.1.5.1. Parking management market by application, 2014 - 2024 8.1.5.2. Parking management market by parking site, 2014 - 2024 8.1.5.3. Parking management market by component, 2014 - 2024 8.1.5.4. Parking management market by solution, 2014 - 2024 8.1.6. Canada 8.1.6.1. Parking management market by application, 2014 - 2024 8.1.6.2. Parking management market by parking site, 2014 - 2024 8.1.6.3. Parking management market by component, 2014 - 2024 8.1.6.4. Parking management market by solution, 2014 - 2024 8.1.7. Mexico 8.1.7.1. Parking management market by application, 2014 - 2024 8.1.7.2. Parking management market by parking site, 2014 - 2024 8.1.7.3. Parking management market by component, 2014 - 2024 8.1.7.4. Parking management market by solution, 2014 - 2024 8.2. Europe 8.2.1. Parking management market by application, 2014 - 2024
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8.2.2. Parking management market by parking site, 2014 - 2024 8.2.3. Parking management market by component, 2014 - 2024 8.2.4. Parking management market by solution, 2014 - 2024 8.2.5. Germany 8.2.5.1. Parking management market by application, 2014 - 2024 8.2.5.2. Parking management market by parking site, 2014 - 2024 8.2.5.3. Parking management market by component, 2014 - 2024 8.2.5.4. Parking management market by solution, 2014 - 2024 8.2.6. UK 8.2.6.1. Parking management market by application, 2014 - 2024 8.2.6.2. Parking management market by parking site, 2014 - 2024 8.2.6.3. Parking management market by component, 2014 - 2024 8.2.6.4. Parking management market by solution, 2014 - 2024 8.3. Asia Pacific 8.3.1. Parking management market by application, 2014 - 2024 8.3.2. Parking management market by parking site, 2014 - 2024 8.3.3. Parking management market by component, 2014 - 2024
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8.3.4. Parking management market by solution, 2014 - 2024 8.3.5. China 8.3.5.1. Parking management market by application, 2014 - 2024 8.3.5.2. Parking management market by parking site, 2014 - 2024 8.3.5.3. Parking management market by component, 2014 - 2024 8.3.5.4. Parking management market by solution, 2014 - 2024 8.3.6. India 8.3.6.1. Parking management market by application, 2014 - 2024 8.3.6.2. Parking management market by parking site, 2014 - 2024 8.3.6.3. Parking management market by component, 2014 - 2024 8.3.6.4. Parking management market by solution, 2014 - 2024 8.3.7. Japan 8.3.7.1. Parking management market by application, 2014 - 2024 8.3.7.2. Parking management market by parking site, 2014 - 2024 8.3.7.3. Parking management market by component, 2014 - 2024 8.3.7.4. Parking management market by solution, 2014 - 2024 8.4. South America
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8.4.1. Parking management market by application, 2014 - 2024 8.4.2. Parking management market by parking site, 2014 - 2024 8.4.3. Parking management market by component, 2014 - 2024 8.4.4. Parking management market by solution, 2014 - 2024 8.4.5. Brazil 8.4.5.1. Parking management market by application, 2014 - 2024 8.4.5.2. Parking management market by parking site, 2014 - 2024 8.4.5.3. Parking management market by component, 2014 - 2024 8.4.5.4. Parking management market by solution, 2014 - 2024 8.5. Middle East and Africa 8.5.1. Parking management market by application, 2014 - 2024 8.5.2. Parking management market by parking site, 2014 - 2024 8.5.3. Parking management market by component, 2014 - 2024 8.5.4. Parking management market by solution, 2014 - 2024 Chapter 9. Competitive Landscape 9.1. 3M Company 9.1.1. Revenue Analysis
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9.1.2. Technology Benchmarking 9.1.3. Strategic Development 9.2. Amano Corporation 9.2.1. Revenue Analysis 9.2.2. Technology Benchmarking 9.2.3. Strategic Development 9.3. Cubic Corporation 9.3.1. Revenue Analysis 9.3.2. Technology Benchmarking 9.3.3. Strategic Development 9.4. IBM Corporation 9.4.1. Revenue Analysis 9.4.2. Technology Benchmarking 9.4.3. Strategic Development 9.5. Kapsch TrafficCom 9.5.1. Revenue Analysis 9.5.2. Technology Benchmarking
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9.5.3. Strategic Development 9.6. Siemens AG 9.6.1. Revenue Analysis 9.6.2. Technology Benchmarking 9.6.3. Strategic Development 9.7. Skidata 9.7.1. Revenue Analysis 9.7.2. Technology Benchmarking 9.7.3. Strategic Development 9.8. Swarco Corporation 9.8.1. Revenue Analysis 9.8.2. Technology Benchmarking 9.8.3. Strategic Development 9.9. T2 Systems 9.9.1. Revenue Analysis 9.9.2. Technology Benchmarking 9.9.3. Strategic Development
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9.10. Xerox Corporation 9.10.1. Revenue Analysis 9.10.2. Technology Benchmarking 9.10.3. Strategic Development
About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com Web – http://www.grandviewresearch.com/
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