Parking Management Market by System Components & Services, by Solution (Parking Software, Access Control, Security & Surveillance, Fee & Revenue Management, Enforcement & Permit Management) – Global forecast to 2019

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Date: 17-Dec-2014
No. of pages: 159
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The increase in vehicle ownership ratio globally is rendering parking spaces from being scarce to scarcer. This in turn is making the parking authorities starve for resources. Finding a proper parking space has turned out to be a tedious task for the urban vehicle drivers, and it is resulting in traffic clogging.How to achieve efficient parking site administration providing customer comfort is the question of the moment; and the answer lies in smart ways of parking management.

Parking management is about smartening the parking operations.Intelligent parking management systems automates and smartens the parking management functions by providing solutions such as access control, revenue management, parking enforcement and permit management, security and surveillance, automated valet parking, and parking guidance and slot management.Today’s smart parking management systems enables parking site operators to offer their customers various parking conveniences such as minimal time wastage, cashless and contact less payment options, enhanced vehicle security, and options for pre-booking parking spots. According to industry data, usage of smart parking management can prevent up to 30% of traffic congestion, and save up to 5% of the parking revenue loss due to employee pilferages and vehicle drivers’ malpractices. These advantages are making parking management an immense necessity for the parking site operators, thereby enhancing the market potential of the parking management industry. The leading players in parking management market are Xerox, 3M, Siemens, Kapsch, Cubic Corporation, T2 Systems, SKIDATA, and various others.

The innovative License Plate Recognition (LPR) technology is driving the parking management market. LPR-based solutions’ key feature of being contact less and automatic is enhancing their popularity, as they provide extreme level of comfort to the vehicle drivers. The major LPR-based parking management solutions such as Automatic Vehicle Identification (AVI) and Pay-by-plate are eating up market share of the traditional technologies used in parking access control and revenue management.

The increase in number of vehicles worldwide, with high growth rates in emerging economies like Asia-Pacific and Latin America, are creating business potential for the parking management industry. The holistic idea of smart cities is taking off with significant momentum. There is a prime focus on spending in emerging areas such as smart transportation (AVI). These factors clearly indicate the growth potential of the parking management market in the coming years. Since the parking management market is growing rapidly, companies are increasing their product portfolio by extensive research and development, acquiring and integrating with market players possessing special expertise related to parking management.

This MarketsandMarkets report provides key insights on the market dynamics, industry trends, adoption trends, competitive landscape and end-user analysis in this market. The report speaks about the expected revenue from different types of parking sites, such as on-street and off-street. It explores business potential of parking management solutions across varied industry verticals such as academia, government and municipalities, transportation, recreation, healthcare, hospitality, retail, corporate and commercial parks, and Banking, Financial Services, and Insurance (BFSI) and others.

The report describes about revenues expected from the various parking management solutions such asaccess control, security and surveillance, parking fee and revenue management, parking reservation management, valet parking management, parking enforcement and permit management, and parking guidance and slot management. The report also analyzes market sizes and revenue forecasts across different regions.

Parking Management Market by System Components & Services, by Solution (Parking Software, Access Control, Security & Surveillance, Fee & Revenue Management, Enforcement & Permit Management) – Global forecast to 2019

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years
1.3.3 Currency
1.3.4 Limitations
1.4 Stakeholders

2 Research Methodology
2.1 Market Size Estimation
2.2 Market Breakdown and Data Triangulation
2.3 Market Share Estimation
2.3.1 Key Data From Primary Sources
2.3.1.1 Key Industry Insights
2.3.2 Assumptions

3 Executive Summary
3.1 Evolution of Parking Management

4 Premium Insights
4.1 Attractive Market Opportunities in Parking Management Market Scenario
4.2 Parking Management Market: Top Three Solution Segments
4.3 Product Growth Matrix
4.4 Lifecycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Need for Smooth Traffic Flow
5.3.1.2 Decreasing Hardware and Connectivity Costs
5.3.2 Restraints
5.3.2.1 Cost Sensitivity of Parking Space Operators
5.3.2.2 System Interoperability
5.3.3 Opportunities
5.3.3.1 Growing Demand in Emerging Economies
5.3.3.2 Growth of Smart Cities
5.3.4 Challenges
5.3.4.1 Difficulty in Changing Customer Mindsets
5.3.4.2 Underutilization of Existing Resources

6 Industry Trends
6.1 Value Chain
6.2 Porter’s Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.2 Threat of Substitutes
6.2.3 Bargaining Power of Suppliers
6.2.4 Bargaining Power of Buyers
6.2.5 Intensity of Rivalry

7 Parking Management Market, By System Components and Services
7.1 Introduction
7.2 Parking Software
7.2.1 Parking Information and Management Systems
7.2.2 Parking Payment Systems
7.3 System Devices
7.3.1 Parking Meters
7.3.2 Handheld Ticket Writers
7.3.3 Ultrasonic Occupancy Sensors
7.3.4 RFID Transponders
7.3.5 Surveillance Cameras and Dvrs
7.3.6 Automated Gates
7.3.7 Other Devices
7.4 Professional Services
7.4.1 Deployment and Customization
7.4.2 Maintenance and Support

8 Parking Management Market, By Parking Site Type
8.1 Introduction
8.2 On-Street Parking
8.3 Off- Street Parking

9 Parking Management Market, By Solution
9.1 Introduction
9.2 Access Control
9.2.1 Biometrics
9.2.2 ID Management
9.2.3 License Plate Recognition (LPR)-Based Automatic Vehicle Identification (AVI)
9.3 Security and Surveillance
9.4 Parking Fee and Revenue Management
9.4.1 Coin-Based Revenue Management
9.4.2 Smart Card-Based Revenue Management
9.4.3 Pay-By-Plate Revenue Management
9.5 Parking Reservation Management
9.6 Valet Parking Management
9.7 Parking Fee Enforcement and Permit Management
9.8 Parking Guidance and Slot Management

10 Parking Management Market, By Vertical
10.1 Introduction
10.2 Academia
10.3 Government and Municipalities
10.4 Transportation
10.5 Recreation
10.6 Healthcare
10.7 Hospitality
10.8 Retail
10.9 Corporate and Commercial Parks
10.10 BFSI
10.11 Other Verticals

11 Parking Management Market, By Region
11.1 Introduction
11.2 North America (NA)
11.3 Asia-Pacific (APAC)
11.4 Europe
11.5 MEA
11.6 Latin America (NA)

12 Competitive Landscape
12.1 Overview
12.2 New Product Launches

13 Company Profiles
13.1 Introduction
13.2 Xerox
13.2.1 Business Overview
13.2.2 Products and Services
13.2.3 Key Strategies
13.2.4 SWOT Analysis
13.2.5 Recent Developments
13.2.6 MnM View
13.3 3M
13.3.1 Business Overview
13.3.2 Products and Services
13.3.3 Key Strategies
13.3.4 SWOT Analysis
13.3.5 Recent Developments
13.3.6 MnM View
13.4 IBM
13.4.1 Business Overview
13.4.2 Solutions and Services
13.4.3 Key Strategies
13.4.4 SWOT Analysis
13.4.5 Recent Developments
13.4.6 MnM View
13.5 Siemens
13.5.1 Business Overview
13.5.2 Solutions
13.5.3 Key Strategies
13.5.4 SWOT Analysis
13.5.5 Recent Developments
13.5.6 MnM View
13.6 Kapsch
13.6.1 Business Overview
13.6.2 Solutions
13.6.3 Key Strategies
13.6.4 SWOT Analysis
13.6.5 Recent Developments
13.6.6 MnM View
13.7 Swarco Corporation
13.7.1 Business Overview
13.7.2 Solutions and Services
13.7.3 Key Strategies
13.7.4 Recent Developments
13.7.5 MnM View
13.8 Amano Corporation
13.8.1 Business Overview
13.8.2 Products
13.8.3 Key Strategies
13.8.4 Recent Developments
13.8.5 MnM View
13.9 T2 Systems
13.9.1 Business Overview
13.9.2 Solutions and Services
13.9.3 Key Strategies
13.9.4 Recent Developments
13.9.5 MnM View
13.10 Cubic Corporation
13.10.1 Business Overview
13.10.2 Products
13.10.3 Key Strategies
13.10.4 Recent Developments
13.10.5 MnM View
13.11 Skidata
13.11.1 Business Overview
13.11.2 Products
13.11.3 Key Strategies
13.11.4 Recent Developments
13.11.5 MnM View

14 Appendix
14.1 Discussion Guide
14.2 Introducing RT: Real Time Market Intelligence
14.3 Available Customizations
14.3.1 Geographic Analysis
14.3.2 Company Profiles
14.4 Related Reports

List of Tables

Table 1 Parking Management Overall Market Size and Growth, 2012-2019 ($Million)
Table 2 Need for Smooth Traffic is Propelling the Growth of the Parking Management Market
Table 3 System Interoperability is Hampering the Growth of the Parking Management Market
Table 4 Growing Demand in Emerging Markets Provide Significant Opportunity for Vendors in the Parking Management Market
Table 5 Fixed Customer Mindset is A Major Challenge for Parking Management Vendors in This Market
Table 6 Parking Management Market Size, By System Component and Service, 2012-2019 ($Million)
Table 7 Parking Software Market Size, By Type, 2012-2019 ($Million)
Table 8 Parking Information and Management Systems Market Size, By Region, 2012-2019 ($Million)
Table 9 Parking Payment Systems Market Size, By Region, 2012-2019 ($Million)
Table 10 System Devices Market Size, By Type, 2012-2019 ($Million)
Table 11 Parking Meters Market Size, By Region, 2012-2019 ($Million)
Table 12 Handheld Ticket Writers Market Size, By Region, 2012-2019 ($Million)
Table 13 Ultrasonic Occupancy Sensors Market Size, By Region, 2012-2019 ($Million)
Table 14 RFID Transponders Market Size, By Region, 2014-2019 ($Million)
Table 15 Surveillance Cameras and Dvrs Market Size, By Region, 2012-2019 ($Million)
Table 16 Automated Gates Market Size, By Region, 2012-2019 ($Million)
Table 17 Other Devices Market Size, By Region, 2012-2019 ($Million)
Table 18 Professional Services Market Size, By End User, 2012-2019 ($Million)
Table 19 Deployment and Customization Market Size, By Region, 2012-2019 ($Million)
Table 20 Maintenance and Support Market Size, By Region, 2012-2019 ($Million)
Table 21 Parking Management Market Size, By Parking Site Type, 2012-2019 ($Million)
Table 22 On-Street Parking Market Size, By Region, 2012-2019 ($Million)
Table 23 Off Street Parking Market Size, By Region, 2012-2019 ($Million)
Table 24 Parking Management Market Size, By Solution, 2012-2019 ($Million)
Table 25 Access Control Market Size, By Region, 2012-2019 ($Million)
Table 26 Access Control Market Size, By Type, 2012-2019 ($Million)
Table 27 Biometrics Access Control Market Size, By Region, 2012-2019 ($Million)
Table 28 ID Management Market Size, By Region, 2012-2019 ($Million)
Table 29 LPR-Based Automatic Vehicle Identification Market Size, By Region, 2012-2019 ($Million)
Table 30 Security and Surveillance Market Size, By Region, 2012-2019 ($Million)
Table 31 Parking Fee and Revenue Management Market Size, By Type, 2012-2019 ($Million)
Table 32 Coin-Based Revenue Management Market Size, By Region, 2012-2019 ($Million)
Table 33 Smart Card Based Revenue Management Market Size, By Region, 2012-2019 ($Million)
Table 34 Pay By Plate Revenue Management Market Size, By Region, 2012-2019 ($Million)
Table 35 Parking Reservation Management Market Size, By Region, 2012-2019 ($Million)
Table 36 Valet Parking Management Market Size, By Region, 2012-2019 ($Million)
Table 37 Parking Fee Enforcement and Permit Management Market Size, By Region, 2012-2019 ($Million)
Table 38 Parking Guidance and Slot Management Market Size, By Region, 2012-2019 ($Million)
Table 39 Parking Management Market Size, By Vertical, 2012-2019 ($Million)
Table 40 Academia Market Size, By Region, 2012-2019 ($Million)
Table 41 Government and Municipalities Market Size, By Region, 2012-2019 ($Million)
Table 42 Transportation Market Size, By Region, 2012-2019 ($Million)
Table 43 Recreation Market Size, By Region, 2012-2019 ($Million)
Table 44 Healthcare Market Size, By Region, 2012-2019 ($Million)
Table 45 Hospitality Market Size, By Region, 2012-2019 ($Million)
Table 46 Retail Market Size, By Region, 2012-2019 ($Million)
Table 47 Corporate and Commercial Park Market Size, By Region, 2012-2019 ($Million)
Table 48 BFSI Market Size, By Region, 2012-2019 ($Million)
Table 49 Other Verticals Market Size, By Region, 2012-2019 ($Million)
Table 50 Parking Management Market Size, By Region, 2012-2019 ($Million)
Table 51 NA: Parking Management Market Size, By System Component and Service, 2012-2019 ($Million)
Table 52 NA: Parking Software Market Size, By Type, 2012-2019 ($Million)
Table 53 NA: System Devices Market Size, By Type, 2012-2019 ($Million)
Table 54 NA: Professional Services Market Size, By Type, 2012-2019 ($Million)
Table 55 NA: Parking Management Market Size, By Parking Site Type, 2012-2019 ($Million)
Table 56 NA: Parking Management Market Size, By Solution, 2012-2019 ($Million)
Table 57 NA: Access Control Market Size, By Type, 2012-2019 ($Million)
Table 58 NA: Parking Fee and Revenue Management Market Size, By Type, 2012-2019 ($Million)
Table 59 NA: Parking Management Market Size, By Vertical, 2012-2019 ($Million)
Table 60 APAC: Parking Management Market Size, By System Component and Service, 2012-2019 ($Million)
Table 61 APAC: Parking Software Market Size, By Type, 2012-2019 ($Million)
Table 62 APAC: System Devices Market Size, By Type, 2014-2019 ($Million)
Table 63 APAC: Professional Services Market Size, By Type, 2012-2019 ($Million)
Table 64 APAC: Parking Management Market Size, By Parking Site Type, 2012-2019 ($Million)
Table 65 APAC: Parking Management Market Size, By Solution, 20122019 ($Million)
Table 66 APAC: Access Control Market Size, By Types, 2012-2019 ($Million)
Table 67 APAC: Parking Fee and Revenue Management Market Size, By Type, 2012-2019 ($Million)
Table 68 APAC: Parking Management Market Size, By Vertical, 2012-2019 ($Million)
Table 69 Europe: Parking Management Market Size, By System Component and Service, 2012-2019 ($Million)
Table 70 Europe: Parking Software Market Size, By Type, 2012-2019 ($Million)
Table 71 Europe: System Devices Market Size, By Type, 2012-2019 ($Million)
Table 72 Europe: Professional Services Market Size, By Type, 2012-2019 ($Million)
Table 73 Europe: Parking Management Market Size, By Parking Site Type, 2012-2019 ($Million)
Table 74 Europe: Parking Management Market Size, By Solution, 2012-2019 ($Million)
Table 75 Europe: Access Control Market Size, By Type, 2014-2019 ($Million)
Table 76 Europe: Parking Fee and Revenue Management Market Size, By Type, 2014-2019 ($Million)
Table 77 Europe: Parking Management Market Size, By Vertical, 2014-2019 ($Million)
Table 78 MEA: Parking Management Market Size, By System Component and Service, 2012-2019 ($Million)
Table 79 MEA: Parking Software Market Size, By Type, 2014-2019 ($Million)
Table 80 MEA: System Devices Market Size, By Type, 2014-2019 ($Million)
Table 81 MEA: Professional Services Market Size, By Type, 2014-2019 ($Million)
Table 82 MEA: Parking Management Market Size, By Parking Site Type, 2014-2019 ($Million)
Table 83 MEA: Parking Management Market Size, By Solution, 2014-2019 ($Million)
Table 84 MEA: Access Control Market Size, By Type, 2014-2019 ($Million)
Table 85 MEA: Parking Fee and Revenue Management Market Size, By Type, 2012-2019 ($Million)
Table 86 MEA: Parking Management Market Size, By Vertical, 2012-2019 ($Million)
Table 87 LA: Parking Management Market Size, By System Component and Service, 2012-2019 ($Million)
Table 88 LA: Parking Software Market Size, By Type, 2012-2019 ($Million)
Table 89 LA: System Devices Market Size, By Type, 2012-2019 ($Million)
Table 90 LA: Professional Services Market Size, By Type, 2012-2019 ($Million)
Table 91 LA: Parking Management Market Size, By Parking Site Type, 2012-2019 ($Million)
Table 92 LA: Parking Management Market Size, By Solution, 2012-2019 ($Million)
Table 93 LA: Access Control Market Size, By Type, 2012-2019 ($Million)
Table 94 LA: Parking Fee and Revenue Management Market Size, By Type, 2014-2019 ($Million)
Table 95 LA: Access Control Market Size, By Vertical, 2014-2019 ($Million)
Table 96 New Product Launches, 2010–2014
Table 97 Mergers and Acquisitions, 2010–2014
Table 98 Partnerships, Agreements, Joint Ventures, and Collaborations, 2010–2014

List of Figures

Figure 1 Global Parking Management Market: Research Methodology
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Break Down of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Evolution of Parking Management
Figure 7 NA Dominates the Parking Management Market While APAC is Showing Potential for Growth
Figure 8 Top Three Revenue Segments in Parking Management Market
Figure 9 Automotive Expected to Grow the Fastest During the Forecast Period
Figure 10 Parking Software an Attractive Segment for Parking Management Vendors
Figure 11 Lucrative Market Prospects in Parking Management Market
Figure 12 Parking Software to Grow at the Fastest Rate Among the Top Three Solutions in Parking Management Market
Figure 13 Parking Enforcement and Slot Management Expected to Grow the Fastest During the Forecast Period
Figure 14 Lifecycle Analysis, By Region: APAC Soon to Enter in Exponential Growth Phase
Figure 15 Market Segmentation: By System Components and Services
Figure 16 Market Segmentation: By Parking Site Type
Figure 17 Market Segmentation: By Solution
Figure 18 Market Segmentation: By Vertical
Figure 19 Market Segmentation: By Region
Figure 20 Need for Smooth Traffic is Driving the Parking Management Market
Figure 21 Parking Management: Value Chain Analysis
Figure 22 Parking Management: Porter’s Five Forces Analysis
Figure 23 Parking Software is Expected to Grow With the Highest CAGR of 20.4% During the Forecast Period
Figure 24 Off-Street Parking is Expected to Grow With A CAGR of 13.6% During the Forecast Period
Figure 25 Parking Fee & Revenue Management and Parking Enforcement & Permit Management Solutions are Expected to Grow With the Highest CAGR During the Forecast Period
Figure 26 Academia Industry is Expected to Grow the Fastest at A CAGR of 15.7% During the Forecast Period
Figure 27 APAC is Expected to Grow the Fastest at A CAGR of 17.1% During the Forecast Period
Figure 28 Geographic Snapshot: APAC is Emerging as A New Hotspot
Figure 29 APAC: An Attractive Destination for Parking Management Vendors
Figure 30 North American Market Snapshot: Demand is Driven By Increasing Need for Parking Software Solutions
Figure 31 Companies Adopted New Product Launches as the Key Product Strategy
Figure 32 Battle for Market Share: New Product Launches has Been the Key Strategy
Figure 33 Geographic Revenue Mix of Top 5 Market Players
Figure 34 Xerox: Company Snapshot
Figure 35 Xerox: SWOT Analysis
Figure 36 3M: Company Snapshot
Figure 37 3M: SWOT Analysis
Figure 38 IBM: Company Snapshot
Figure 39 IBM: SWOT Analysis
Figure 40 Siemens: Company Snapshot
Figure 41 Siemens: SWOT Analysis
Figure 42 Kapsch : Company Snapshot
Figure 43 Kapsch: SWOT Analysis
Figure 44 Swarco Corporation: Company Snapshot
Figure 45 Amano Corporation: Company Snapshot
Figure 46 T2 Systems: Company Snapshot
Figure 47 Cubic Corporation: Company Snapshot
Figure 48 Skidata: Company Snapshot

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