Florida, December 19, 2017: The parking management market is expected to exceed more than US$ 9000 million by 2021.

    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 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.

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    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.


    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

    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.
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    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.

    Table of Contents


    2 Research Methodology

    2.1 Research Data
    2.1.1 Secondary Data Key Data From Secondary Sources
    2.1.2 Primary Data Key Data From Primary Sources Key Industry Insights Breakdown of Primaries
    2.2 Market Size Estimation
    2.2.1 Bottom-Up Approach
    2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations

    3 Executive Summary

    4 Premium Insights

    5 Market Overview

    6 Industry Trends

    7 Parking Management Market Analysis, By Software and Service

    8 Parking Management Market Analysis, By Parking Site Type

    9 Parking Management Market Analysis, By Solution

    10 Parking Management Market Analysis, By Vertical

    11 Geographic Analysis

    12 Competitive Landscape

    13 Company Profiles

    13.1 Introduction

    13.2 Xerox Corporation

    13.3 Siemens AG

    13.4 Kapsch Trafficcom AG

    13.5 Amano Corporation

    13.6 Cubic Corporation

    13.7 Swarco AG

    13.8 Inrix, Inc.

    13.9 Indigo

    13.10 T2 Systems, Inc.

    13.11 Skidata AG



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    Source: http://www.financeswire.com/global-parking-management-market-size-will-exceed-us-9-0-billion-by-2021