Parking Management Market Technology, Product Scope, Demand, Business Scenario, Trends, Share, Applications, Types and Forecasts 2021 – 2028

Parking management refers to strategies and programs that aim at optimizing use of vacant parking spaces, and to make efficient use of parking resources. Parking management solutions are in great demand because in most urban locations parking is a very expensive resource.

In such places, a structured parking space costs more than the car it serves. Plentiful parking also encourage more vehicle ownership which can be environmentally hazardous and cause more traffic congestion. Smart parking is now used in shopping centers, airports, colleges, malls, and government agencies.

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Benefits of Parking Management

Parking management system offers a solution to both the vehicle owner and the parking lot owner as it reduces parking management costs and facilitates hassle free vehicles parking. According to Victoria Transport Policy Institute in Canada, cost-effective parking management programs can usually reduce parking requirements by 20%-40%.

The benefits of parking management are:

Reduces cost to businesses, governments, and consumers

Minimizes problems such as traffic congestion, pollution emissions, and accidents

Safety and security can be achieved easily through proper management

Use of parking management software helps driver to find space quickly in lesser time

Traffic flow increases as overcrowding of vehicles around the parking lot decreases

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Competitive Terrain:

The Global Parking Management Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.

Key players in the market include Amano Corporation, Siemens AG, Conduent Inc., T2 Systems, Inc., APCOA Parking AG, IPS Group, Inc., FlashParking, Inc., Q-Free ASA, ParkMobile USA, Inc., and Cleverciti Systems GmbH

Emergen Research has segmented the global parking management market on the basis of offering, services, solutions, deployment, parking site, end-use, and region:

Offering Outlook (Revenue, USD Billion; 2018–2028)

Services

Solutions

Service Outlook (Revenue, USD Billion; 2018–2028)

Support & Maintenance

System Integration

Consulting

Solution Outlook (Revenue, USD Billion; 2018–2028)

Security & Surveillance

Valet Parking

Parking Reservation

Revenue Management

Access Control

Others

Deployment Outlook (Revenue, USD Billion; 2018–2028)

Cloud

On-premises

Parking Site Outlook (Revenue, USD Billion; 2018–2028)

Off-street

On-street

End-use Outlook (Revenue, USD Billion; 2018–2028)

Commercial

Transportation

Government

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The Global Parking Management Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Parking Management market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.

Regional Analysis Covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Objectives of the Report:

Study of the global Parking Management market size by key regions, types, and applications with reference to historical data (2017-2019) and forecast (2021-2028)

Industrial structure analysis of the Parking Management market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape bench marking

Analysis of Parking Management market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Parking Management market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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