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Parking Reservation System Market by Type (Off-Street Parking, On-Street Parking), Solution (Mobile Application-Based Parking, Web-Based Parking, Voice Call-Based Parking), Vertical, & by Region - Global Forecast to 2020

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Date: 22-Oct-2015
No. of pages: 118
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The global parking reservation system market is estimated to grow from USD 579.6 million in 2015 to USD 1665.3 million by 2020, at a CAGR of 23.5% from 2015 to 2020. The market is driven by the problem of traffic congestion and increasing population across the globe.

The rising need for real-time parking information, smart city projects, and increasing number of vehicles are some of the major factors driving the global parking reservation system market. With many upcoming smart city projects, nearly one million parking spaces are expected to be established by 2020.

Smart parking technology is about enhancing productivity and service in operations, lowering operating costs, and building value for customers to drive occupancy, revenues and facility value. Until credit card and mobile phone usage become ubiquitous, PARCS systems that accept cash will continue to operate, but there is still considerable room for the growth of smart parking technology. Reducing parking’s massive geographical and environmental footprint is a worthy long term goal, and cost-effectively matching demand with infrastructure supply is one of the key contributions smart parking can make. As cities strive to solve the problem of mobility, wide-scale deployment of smart parking will be one of the key tools in their sustainability toolbox.

Smart parking technology includes electronic parking payment systems (known by facility operators as Permit and Enforcement (P&E), Mobile Parking Payment, and Parking Access and Revenue Control (PARC) systems, plus variations such as Mobile Parking Payment) - and parking customer convenience applications, also known as Parking Usage Recognition and Customer Service (PURCS).

The advent of smart phones that support mobile-based parking reservation applications has offered potential growth prospects for cloud-based service providers, technology vendors, and system integrators.

Thus, technological advancements have created ample growth opportunities in the field of parking reservation. Also, Smart city projects are expected to drive the growth of the parking reservation system market in the near future, as smart cities are able to deliver real-time status updates on parking spaces, pollution, traffic patterns, water, light, and power, among others. Therefore, smart city projects become another essential driver impacting the overall demand of automated parking facilities.

Reasons to Buy the Report:

From an insight perspective, this research report has focused on various levels of analysis—industry analysis, market share analysis of top players,  and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging- and high-growth segments of the Parking Reservation Systems market, high-growth regions and their respective drivers, restraints, and opportunities.

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market, share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.

The report provides insights on the following pointers:


  • Market Penetration: Comprehensive information on Parking Reservation Systems offered by the top 5 players in the global market .

  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the Global Parking Reservation Systems market

  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets Parking Reservation Systems across geographies

  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Global Parking Reservation Systems market.

  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in Global Parking Reservation Systems market.

Parking Reservation System Market by Type (Off-Street Parking, On-Street Parking), Solution (Mobile Application-Based Parking, Web-Based Parking, Voice Call-Based Parking), Vertical, & by Region - Global Forecast to 2020

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 Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Secondary Data
2.2 Primary Data
2.2.1 Key Data From Primary Sources
2.2.2 Key Industry Insights
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown and Data Triangulation
2.5 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in Parking Reservation System Market
4.2 Parking Reservation System Market, By Verticals (2015 vs 2020)
4.3 Global Parking Reservation System Market, Top Three Verticals and Regions (2015)
4.4 Parking Reservation System Market Potential
4.5 Parking Reservation System Market, By Solution
4.6 Global Parking Reservation System Market, By Type (2015 vs 2020)
4.7 Lifecycle Analysis, By Region, 2015

5 Market Overview
5.1 Introduction
5.2 Evolution
5.3 Market Segmentation
5.3.1 By Type
5.3.2 By Solution
5.3.3 By Vertical
5.3.4 By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Real-Time Information With Guidance
5.4.1.2 Smart City Projects
5.4.1.3 Increase in Number of Vehicles
5.4.2 Restraints
5.4.2.1 Slow Adoption Rate
5.4.3 Opportunities
5.4.3.1 Technological Advancements
5.4.3.2 Future Outlook
5.4.4 Challenges
5.4.4.1 Security Issues

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Strategic Bench marking

7 Parking Reservation System Market Analysis, By Type
7.1 Introduction
7.1.1 On-Street Parking
7.1.2 Off-Street Parking
7.1.2.1 On-Street Valet Parking
7.1.2.2 On-Street Manual Parking
7.1.2.3 Off-Street Valet Parking
7.1.2.4 Off-Street Manual Parking
7.1.2.5 Off-Street Automated Parking

8 Parking Reservation System Market Analysis, By Solution
8.1 Introduction
8.2 Web-Based Solution
8.3 Mobile Application-Based Solution
8.4 Voice Call-Based Solution

9 Parking Reservation System Market Analysis, By Vertical
9.1 Introduction
9.2 Transportation & Transits
9.3 Retail
9.4 Government & Municipalities
9.5 Hospitality
9.6 Recreation
9.7 Others

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 Latin America

11 Competitive Landscape
11.1 Overview
11.2 Competitive Situation and Trends
11.2.1 New Product Developments
11.2.2 Agreements, Partnerships, and Collaborations
11.2.3 Mergers and Acquisitions
11.2.4 Joint Ventures

12 Company Profiles
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
12.1 Vinci Park
12.2 Standard Parking Corporation
12.3 Streetline
12.4 Q-Park
12.5 National Car Parks
12.6 Justpark
12.7 Parkme
12.8 APCOA
12.9 LAZ Parking
12.10 ACE Parking

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Introducing RT: Real Time Market Intelligence
13.3 Related Reports

List of Tables

Table 1 Global Parking Reservation System Market Size and Growth Rate, 2013-2020 (USD Million & Y-O-Y %)
Table 2 Parking Reservation System: Key Drivers
Table 3 Parking Reservation System: Key Restraints
Table 4 Parking Reservation System: Key Opportunities
Table 5 Parking Reservation System: Key Challenges
Table 6 Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 7 On-Street Parking: Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 8 Off-Street Parking: Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 9 On-Street Parking: Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 10 Off-Street Parking: Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 11 On-Street Valet Parking: Parking Reservation System Market Size, By Region, 2013-2020 (USD ’000 Thousand)
Table 12 On-Street Manual Parking: Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 13 Off-Street Valet Parking: Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 14 Off-Street Manual Parking: Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 15 Off-Street Automated Parking: Parking Reservation System Market Size, By Region, 2013-2020 (USD ’000 Thousand)
Table 16 Parking Reservation System Market Size, By Solution, 2013-2020 (USD Million)
Table 17 Web-Based Solution: Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 18 Web-Based Solution: Parking Reservation System Market Size, By Vertical, 2013-2020 (USD Million)
Table 19 Mobile Application-Based Solution: Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 20 Mobile Application-Based Solution: Parking Reservation System Market Size, By Vertical, 2013-2020 (USD Million)
Table 21 Voice Call-Based Solution: Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 22 Voice Call-Based Solution: Parking Reservation System Market Size, By Vertical, 2013-2020 (USD Million)
Table 23 Parking Reservation System Market Size, By Vertical, 2013-2020 (USD Million)
Table 24 Transportation & Transits:Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 25 Transportation & Transits: Parking Reservation System Market Size, By Solution, 2013-2020 (USD Million)
Table 26 Retail: Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 27 Retail: Parking Reservation System Market Size, By Solution, 2013-2020 (USD Million)
Table 28 Government & Municipalities: Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 29 Government & Municipalities: Parking Reservation System Market Size, By Solution, 2013-2020 (USD Million)
Table 30 Hospitality: Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 31 Hospitality: Parking Reservation System Market Size, By Solution, 2013-2020 (USD Million)
Table 32 Recreation: Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 33 Recreation: Parking Reservation System Market Size, By Solution, 2013-2020 (USD Million)
Table 34 Others: Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 35 Others: Parking Reservation System Market Size, By Solution, 2013-2020 (USD Million)
Table 36 Parking Reservation System Market Size, By Region, 2013-2020 (USD Million)
Table 37 North America: Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 38 North America: On-Street Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 39 North America: Off-Street Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 40 North America: Parking Reservation System Market Size, By Solution, 2013-2020 (USD Million)
Table 41 North America: Parking Reservation System Market Size, By Vertical, 2013-2020 (USD Million)
Table 42 Europe: Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 43 Europe: On-Street Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 44 Europe: Off-Street Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 45 Europe: Parking Reservation System Market Size, By Solution, 2013-2020 (USD Million)
Table 46 Europe: Parking Reservation System Market Size, By Vertical, 2013-2020 (USD Million
Table 47 Asia-Pacific: Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 48 Asia-Pacific: On-Street Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 49 Asia-Pacific: Off-Street Parking Reservation System Market Size, By Type, 2013-2020 (USD Million)
Table 50 Asia-Pacific: Parking Reservation System Market Size, By Solution, 2013-2020 (USD Million)
Table 51 Asia-Pacific: Parking Reservation System Market Size, By Vertical, 2013-2020 (USD Million)
Table 52 Middle East & Africa: Parking Reservation System Market Size, By Type, 2013-2020 (USD ’000 Thousands)
Table 53 Middle East & Africa: On-Street Parking Reservation System Market Size, By Type, 2013-2020 (USD ’000 Thousands)
Table 54 Middle East & Africa: Off-Street Parking Reservation System Market Size, By Type, 2013-2020 (USD ’000 Thousand)
Table 55 Middle East & Africa: Parking Reservation System Market Size, By Solution, 2013-2020 (USD ’000 Thousand)
Table 56 Middle East & Africa: Parking Reservation System Market Size, By Vertical, 2013-2020 (USD ’000 Thousand)
Table 57 Latin America: Parking Reservation System Market Size, By Type, 2013-2020 (USD ’000 Thousand)
Table 58 Latin America: On-Street Parking Reservation System Market Size, By Type, 2013-2020 (USD ’000 Thousand)
Table 59 Latin America: Off-Street Parking Reservation System Market Size, By Type, 2013-2020 (USD ’000 Thousand)
Table 60 Latin America: Parking Reservation System Market Size, By Solution, 2013-2020 (USD ’000 Thousand)
Table 61 Latin America: Parking Reservation System Market Size, By Vertical, 2013-2020 (USD ’000 Thousand)
Table 62 New Product Developments, 2013–2015
Table 63 Agreements, Partnerships, and Collaborations, 2012–2014
Table 64 Mergers and Acquisitions, 2010–2015
Table 65 Joint Ventures, 2014

List of Figures

Figure 1 Global Parking Reservation System Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation Approach
Figure 5 Transportation & Transits is Expected to Dominate the Parking Reservation Systems Market During the Forecast Period
Figure 6 Mobile Application Based Parking is Expected to Lead the Parking Reservation System Market By 2020
Figure 7 Asia-Pacific is Expected to Be the Fastest-Growing Region During the Forecast Period
Figure 8 Increasing Demand for Real-Time Information System and Growing Traffic Congestion Would Drive Growth in the Parking Reservation System Market
Figure 9 Recreation is the Fastest Growing Industry Segment in Parking Reservation System Market
Figure 10 North America Holds the Maximum Share in the Parking Reservation System Market in 2015
Figure 11 Asia-Pacific is Expected to Register the Highest Growth Potential During the Forecast Period
Figure 12 Web-Based Parking Reservation is Expected to Dominate the Market in 2015
Figure 13 Off-Street Parking Will Continue to Dominate the Parking Reservation System Market for the Next Five Years
Figure 14 Regional Lifecycle – Middle East & Africa is Penetrating Into Growth Phase From Introduction Phase
Figure 15 Parking Reservation System: Market Evolution
Figure 16 Parking Reservation System Market Segmentation: By Type
Figure 17 Parking Reservation System Market Segmentation: By Solution
Figure 18 Parking Reservation System Market Segmentation: By Vertical
Figure 19 Parking Reservation System Market Segmentation: By Region
Figure 20 Parking Reservation System Market: Drivers, Restraints, Opportunities and Challenges
Figure 21 Value Chain Analysis
Figure 22 Strategic Benchmarking
Figure 23 Off-Street Parking is Expected to Be the Leading Type Segment in 2015
Figure 24 Web-Based Solution is Expected to Be the Leading Solution in 2015
Figure 25 Recreation is the Fastest-Growing Vertical Segment in the Parking Reservation System Market
Figure 26 Asia-Pacific Will Exhibit the Highest Growth Rate in the Parking Reservation System Market
Figure 27 Regional Snapshot (2015-2020): Asia-Pacific is an Attractive Destination for the Global Parking Reservation System Market
Figure 28 North America Market Snapshot: Web-Based Solution is Expected to Contribute the Maximum Value in 2015
Figure 29 Asia-Pacific Market Snapshot: Transportation & Transits Segment is Expected to Gain Traction By 2020
Figure 30 Companies Adopted Partnership, Agreement, and Collaboration as Key Growth Strategies Between 2012 and 2015
Figure 31 Standard Parking Corporation Generated the Highest Revenue in 2014
Figure 32 Market Evaluation Framework
Figure 33 Battle for Market Share: Agreements, Partnerships, and Collaborations Were the Key Strategies
Figure 34 Standard Parking Corporation: Company Snapshot
Figure 35 Standard Parking Corporation: SWOT Analysis
Figure 36 Q-Park: Company Snapshot
Figure 37 National Car Parks: SWOT Analysis
Figure 38 APCOA SWOT Analysis
Figure 39 LAZ Parking SWOT Analysis
Figure 40 ACE Parking SWOT Analysis

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