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Parking Management Solutions Market by Product, Type and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 158
  • SKU: IRTNTR43312
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The parking management solutions market's growth momentum will accelerate at a CAGR of 7.87% and the market share will increase to USD 3.44 billion from 2021 to 2026.

This parking management solutions market research report extensively covers parking management solutions market segmentation by:

  • Product - Revenue management, Security and surveillance, Access control, Reservation management, and Others
  • Type - Off-street parking and On-street parking
  • Geography - North America, Europe, APAC, Middle East and Africa, and South America

The parking management solutions market report also offers information on several market vendors, including ABM Industries Inc., Amano Corp., APCOA PARKING Holdings GmbH, Chetu Inc., Cisco Systems Inc., Conduent Inc., Hangzhou Hikvision Digital Technology Co. Ltd., IDeaS, INRIX Inc., Intercomp Spa, IPS Group Inc., Kapsch TrafficCom AG, Kudelski SA, Nedap NV, Nimble Planet Ltd., ParknSecure Pvt. Ltd., Passport Labs Inc, Robert Bosch GmbH, Siemens AG, SWARCO AG, T2 Systems, TIBA PARKING SYSTEMS, and URBIOTICA among others.

What will the Parking Management Solutions Market Size be During the Forecast Period?

Parking Management Solutions Market Size

Download the Free Report Sample to Unlock the Parking Management Solutions Market Size for the Forecast Period and Other Important Statistics

 

Parking Management Solutions Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing number of vehicles on the road is notably driving the parking management solutions market growth, although factors such as the lack of integration among siloed parking technologies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the parking management solutions industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Parking Management Solutions Market Driver

One of the key factors driving growth in the parking management solutions market is the increasing number of vehicles on the road. In the near future, emerging economies, such as India, China, Brazil, and South Africa, as well as transitional economies, such as Indonesia, Vietnam, Nigeria, Argentina, and Kenya, will fuel the demand for vehicle production. The increasing number of vehicles is driving the demand for more advanced technology and solutions for the better management of parking spaces. Organizations and local government agencies that manage parking spaces are seeking solutions that can offer increased convenience to drivers, help in improved business functions, manage revenue, and reduce the overall cost of hardware and connectivity and other operations in parking spaces. These requirements, along with the demand generated by an ever-increasing number of vehicles, have led to the rise in the adoption of parking management solutions across different end-user segments, such as government-regulated parking lots, airports, residential societies, corporate business complexes and IT parks, and commercial spaces.

Key Parking Management Solutions Market Trend

The use of LPWAN technologies is a parking management solutions market trend that is expected to have a positive impact in the coming years. IoT is the foundation on which the connectivity platform for smart parking projects is built. Low Power Wide Area Networks (LPWAN) is one such technology that IoT devices use to communicate with one another. LoRa, Sigfox, and NB-IoT are different types of LPWAN technologies that are being tested and deployed in smart parking projects. LoRa and Sigfox are commercially available wireless-based networking technologies. These technologies offer benefits such as low data transmission costs, long-range data transmission, protection against interference, and low power consumption. NB-IoT, which is an upcoming wireless networking technology, offers significant improvement in terms of power consumption, maintenance, and system capacity. NB-IoT-based smart parking implementation is expected to gain traction in the next few years.

Key Parking Management Solutions Market Challenge

The lack of integration among siloed parking technologies will be a major challenge for the parking management solutions market during the forecast period. Legacy parking management solutions lack module- and component-level integration. Components such as enforcement systems, pay stations, mobile payments, sensors, off-street reservations, financial reconciliation systems, and business intelligence solutions coexist but do not share data with one another. Each of them maintains its own data silo, which makes it difficult for users to comprehend important patterns in compliance, occupancy, and financial performance. Additionally, isolated parking data cannot be linked to a unified urban parking management platform. Therefore, the platform cannot acquire parking data and is negatively affected by missing out on valuable applications such as urban parking guidance and parking space sharing. This has resulted in a non-integrated technology ecosystem of parking management products.

This parking management solutions market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global parking management solutions market as a part of the global technology hardware, storage, and peripherals market within the overall global information technology market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the parking management solutions market during the forecast period.

Who are the Major Parking Management Solutions Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABM Industries Inc.
  • Amano Corp.
  • APCOA PARKING Holdings GmbH
  • Chetu Inc.
  • Cisco Systems Inc.
  • Conduent Inc.
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • IDeaS
  • INRIX Inc.
  • Intercomp Spa
  • IPS Group Inc.
  • Kapsch TrafficCom AG
  • Kudelski SA
  • Nedap NV
  • Nimble Planet Ltd.
  • ParknSecure Pvt. Ltd.
  • Passport Labs Inc
  • Robert Bosch GmbH
  • Siemens AG
  • SWARCO AG
  • T2 Systems
  • TIBA PARKING SYSTEMS
  • URBIOTICA

 

This statistical study of the parking management solutions market encompasses successful business strategies deployed by the key vendors. The parking management solutions market is fragmented and the vendors are deploying growth strategies such as investing in research and development to compete in the market.

Product Insights and News

  • abm.com - The company offer off street and on street parking facilities with most efficient routes and also maintain the vehicles along with training of all employees to use most appropriate technology for enhancing safety and convenience.
  • abm.com - Under the business and industry segment, the company offers janitorial facilities, engineering and parking services for commercial real estate properties, sports and entertainment venues, and traditional hospitals and non-acute healthcare facilities.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The parking management solutions market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Parking Management Solutions Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the parking management solutions market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Parking Management Solutions Market?

Parking Management Solutions Market Market segmentation by region

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32% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for parking management solutions in North America. Market growth in this region will be slower than the growth of the market in the South American, APAC, and MEA regions.

The increasing digitization and autonomous vehicles will facilitate the parking management solutions market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The emergence of a new business environment in the wake of COVID-19 is expected to boost cloud services and digitization, as companies are renovating their digital infrastructure to deal with new ways of working during the crisis. The demand for edge computing during the COVID-19 pandemic has increased due to the rise in remote working, which, in turn, has increased the demand for hardware, storage, and peripherals such as rack servers across the world. The market has witnessed a recent expansion of edge computing offerings by some cloud providers, which are placing computing infrastructure closer to end-users.

What are the Revenue-generating Product Segments in the Parking Management Solutions Market?

Parking Management Solutions Market Segmentation

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The parking management solutions market share growth by the revenue management segment will be significant during the forecast period. This segment will continue to dominate the market primarily because car parking service providers, including government agencies, are increasingly focusing on intelligent models to utilize the present parking facilities better. This is driving the adoption of revenue management software. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the parking management solutions market size and actionable market insights on post COVID-19 impact on each segment.

 

Parking Management Solutions Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.87%

Market growth 2022-2026

$ 3.44 billion

Market structure

Fragmented

YoY growth (%)

7.35

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 32%

Key consumer countries

US, Canada, UK, France, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABM Industries Inc., Amano Corp., APCOA PARKING Holdings GmbH, Chetu Inc., Cisco Systems Inc., Conduent Inc., Hangzhou Hikvision Digital Technology Co. Ltd., IDeaS, INRIX Inc., Intercomp Spa, IPS Group Inc., Kapsch TrafficCom AG, Kudelski SA, Nedap NV, Nimble Planet Ltd., ParknSecure Pvt. Ltd., Passport Labs Inc, Robert Bosch GmbH, Siemens AG, SWARCO AG, T2 Systems, TIBA PARKING SYSTEMS, and URBIOTICA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Parking Management Solutions Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive parking management solutions market growth during the next five years
  • Precise estimation of the parking management solutions market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the parking management solutions industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of parking management solutions market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 25: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 27: Chart on Comparison by Product
      • Exhibit 28: Data Table on Comparison by Product
    • 5.3 Revenue management - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Revenue management - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Revenue management - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Revenue management - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Revenue management - Year-over-year growth 2021-2026 (%)
    • 5.4 Security and surveillance - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Security and surveillance - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Security and surveillance - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Security and surveillance - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Security and surveillance - Year-over-year growth 2021-2026 (%)
    • 5.5 Access control - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Access control - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Data Table on Access control - Market size and forecast 2021-2026 ($ million)
      • Exhibit 39: Chart on Access control - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Access control - Year-over-year growth 2021-2026 (%)
    • 5.6 Reservation management - Market size and forecast 2021-2026
      • Exhibit 41: Chart on Reservation management - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Data Table on Reservation management - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Chart on Reservation management - Year-over-year growth 2021-2026 (%)
      • Exhibit 44: Data Table on Reservation management - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Product
      • Exhibit 49: Market opportunity by Product ($ million)

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 50: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 51: Data Table on Type - Market share 2021-2026 (%)
    • 6.2 Comparison by Type
      • Exhibit 52: Chart on Comparison by Type
      • Exhibit 53: Data Table on Comparison by Type
    • 6.3 Off-street parking - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Off-street parking - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Off-street parking - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Off-street parking - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Off-street parking - Year-over-year growth 2021-2026 (%)
    • 6.4 On-street parking - Market size and forecast 2021-2026
      • Exhibit 58: Chart on On-street parking - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on On-street parking - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on On-street parking - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on On-street parking - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 62: Market opportunity by Type ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 64: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 65: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 66: Chart on Geographic comparison
      • Exhibit 67: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 APAC - Market size and forecast 2021-2026
      • Exhibit 76: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 80: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.7 South America - Market size and forecast 2021-2026
      • Exhibit 84: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 88: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 UK - Market size and forecast 2021-2026
      • Exhibit 92: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 8.10 Canada - Market size and forecast 2021-2026
      • Exhibit 96: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 8.11 France - Market size and forecast 2021-2026
      • Exhibit 100: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 101: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 102: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 8.12 Germany - Market size and forecast 2021-2026
      • Exhibit 104: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 105: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 106: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 107: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 108: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 11.3 ABM Industries Inc.
              • Exhibit 115: ABM Industries Inc. - Overview
              • Exhibit 116: ABM Industries Inc. - Business segments
              • Exhibit 117: ABM Industries Inc. - Key news
              • Exhibit 118: ABM Industries Inc. - Key offerings
              • Exhibit 119: ABM Industries Inc. - Segment focus
            • 11.4 Amano Corp.
              • Exhibit 120: Amano Corp. - Overview
              • Exhibit 121: Amano Corp. - Business segments
              • Exhibit 122: Amano Corp. - Key offerings
              • Exhibit 123: Amano Corp. - Segment focus
            • 11.5 APCOA PARKING Holdings GmbH
              • Exhibit 124: APCOA PARKING Holdings GmbH - Overview
              • Exhibit 125: APCOA PARKING Holdings GmbH - Product / Service
              • Exhibit 126: APCOA PARKING Holdings GmbH - Key news
              • Exhibit 127: APCOA PARKING Holdings GmbH - Key offerings
            • 11.6 Chetu Inc.
              • Exhibit 128: Chetu Inc. - Overview
              • Exhibit 129: Chetu Inc. - Product / Service
              • Exhibit 130: Chetu Inc. - Key offerings
            • 11.7 Cisco Systems Inc.
              • Exhibit 131: Cisco Systems Inc. - Overview
              • Exhibit 132: Cisco Systems Inc. - Business segments
              • Exhibit 133: Cisco Systems Inc. - Key news
              • Exhibit 134: Cisco Systems Inc. - Key offerings
              • Exhibit 135: Cisco Systems Inc. - Segment focus
            • 11.8 Conduent Inc.
              • Exhibit 136: Conduent Inc. - Overview
              • Exhibit 137: Conduent Inc. - Business segments
              • Exhibit 138: Conduent Inc. - Key news
              • Exhibit 139: Conduent Inc. - Key offerings
              • Exhibit 140: Conduent Inc. - Segment focus
            • 11.9 Hangzhou Hikvision Digital Technology Co. Ltd.
              • Exhibit 141: Hangzhou Hikvision Digital Technology Co. Ltd. - Overview
              • Exhibit 142: Hangzhou Hikvision Digital Technology Co. Ltd. - Product / Service
              • Exhibit 143: Hangzhou Hikvision Digital Technology Co. Ltd. - Key offerings
            • 11.10 Kapsch TrafficCom AG
              • Exhibit 144: Kapsch TrafficCom AG - Overview
              • Exhibit 145: Kapsch TrafficCom AG - Business segments
              • Exhibit 146: Kapsch TrafficCom AG - Key news
              • Exhibit 147: Kapsch TrafficCom AG - Key offerings
              • Exhibit 148: Kapsch TrafficCom AG - Segment focus
            • 11.11 Kudelski SA
              • Exhibit 149: Kudelski SA - Overview
              • Exhibit 150: Kudelski SA - Business segments
              • Exhibit 151: Kudelski SA - Key offerings
              • Exhibit 152: Kudelski SA - Segment focus
            • 11.12 Siemens AG
              • Exhibit 153: Siemens AG - Overview
              • Exhibit 154: Siemens AG - Business segments
              • Exhibit 155: Siemens AG - Key news
              • Exhibit 156: Siemens AG - Key offerings
              • Exhibit 157: Siemens AG - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 158: Inclusions checklist
                • Exhibit 159: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 160: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 161: Research methodology
                • Exhibit 162: Validation techniques employed for market sizing
                • Exhibit 163: Information sources
              • 12.5 List of abbreviations
                • Exhibit 164: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Parking Management Solutions Market market growth will increase by $3.44 bn during 2022-2026.
              The parking management solutions market market is expected to grow at a CAGR of 7.87% during 2022-2026.
              Technavio has segmented the parking management solutions market market by product (Revenue management, Security and surveillance, Access control, Reservation management, and Others) ,type (Off-street parking, On-street parking, APAC, MEA, and South America) , and geography (North America, Europe, APAC, Middle East and Africa, and South America).
              ABM Industries Inc., Amano Corp., APCOA PARKING Holdings GmbH, Chetu Inc., Cisco Systems Inc., Conduent Inc., Hangzhou Hikvision Digital Technology Co. Ltd., IDeaS, INRIX Inc., Intercomp Spa, IPS Group Inc., Kapsch TrafficCom AG, Kudelski SA, Nedap NV, Nimble Planet Ltd., ParknSecure Pvt. Ltd., Passport Labs Inc, Robert Bosch GmbH, Siemens AG, SWARCO AG, T2 Systems, TIBA PARKING SYSTEMS, URBIOTICA are a few of the key vendors in the parking management solutions market market.
              North America will register the highest growth rate of 32% among the other regions. Therefore, the parking management solutions market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the parking management solutions market market growth are:
              • Increasing number of vehicles on the road
              • Introduction of innovative products and services
              The parking management solutions market market vendors should focus on grabbing business opportunities from the revenue management segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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