
Parking Management Market by Offering (Solutions (Parking Guidance, Parking Reservation Management) and Services (Professional Services and Managed Services)), Parking Site (Off-Street and On-Street), Application and Region - Global Forecast to 2028
- August 3, 2023
- MarketsandMarkets
- 198
Parking Management Market by Offering (Solutions (Parking Guidance, Parking Reservation Management) and Services (Professional Services and Managed Services)), Parking Site (Off-Street and On-Street), Application and Region - Global Forecast to 2028
Abstract
The solutions segment is projected to grow from USD 4.4 billion in 2023 and reach USD 6.3 billion by 2028. It is projected to grow at a CAGR of 7.4% during the forecast period. The parking management market offers various solutions and services that aim to improve the efficiency, speed, and convenience of parking for consumers. These solutions also benefit parking operators by adopting parking management technologies, driving growth, and enabling seamless communication between commuters and parking space operators.
Based on the parking site, the Off-Street Parking segment is expected to account for the largest market share during the forecast period
Parking facilities available in parking lots, garages, private driveways, and other areas are known as off-street parking. Commercial agencies typically manage these facilities and are highly efficient in holding vehicles. Proper design and construction are required to ensure drivers' safe and secure parking experience. This segment focuses on security, pre-booking parking spots, and parking fee management. Innovations in this sector include using robotic valet systems to improve parking management.
Based on the application, the transport transit segment is expected to grow at the highest CAGR during the forecast period
The transport transit sector is crucial in promoting parking management through various innovative measures and strategic initiatives. One of the key ways this sector contributes is by integrating public transportation options with efficient parking facilities. Transit agencies are actively developing park-and-ride facilities, strategically locating parking lots near transit hubs such as bus stations, train stations, and subway terminals. This integration encourages commuters to park their vehicles at these facilities and continue their journey using public transit, reducing the number of cars on the road and alleviating congestion in urban areas.
Based on region, the North American segment is expected to account for the largest market share during the forecast period
The North American market has stringent government standards and regulations, ensuring parking management is regulated and controlled. The region’s major growth driver is the investment in parking management solutions to enhance driver and commuter convenience. The US and Canada are extensively implementing parking management solutions, primarily due to the increasing adoption of mobile devices and the growing focus on managing traffic congestion.
The North American parking management market is the top revenue generator among all regional markets. This is due to the introduction of advanced parking management technologies and the increasing sale of vehicles in the region. The development of ICT has made it possible to reduce congestion, provide real-time information, prevent accidents, enforce speed and traffic rules, and decrease revenue leakages.
The break-up of the profile of primary participants in the Parking Management Market:
The study contains insights from various industry experts, from solution vendors to Tier 1 companies.
The break-up of the primaries is as follows:
•By Company Type: Tier 1 – 30%, Tier 2 – 42%, and Tier 3 – 28%
•By Designation: C-level –48%, D-level – 30%, and Others – 22%
•By Region: North America – 20%, Europe – 25%, Asia Pacific – 40%, Middle East and Africa – 10%, and Latin America – 5%
The major players in the Parking Management market are Group Indigo (France), Amano (Japan), Siemens (Germany), Bosch Group (Germany), Atos (France), SWARCO (Austria), SKIDATA (Austria), Chetu (US), Precise Parklink (Canada), FlashParking (US), Passport Labs (US), SpotHero (US), Get My Parking (India), INRIX (US), IPS Group (US), Smart Parking (Australia), TIBA Parking Systems (Israel), Q-Free (Norway), Streetline (US), ParkOffice (US), Urbiotica (Spain), CivicSmart (US), etc. These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and enhancements, and acquisitions to expand their footprint in the Parking Management market.
Research Coverage
The market study covers the Parking Management market size across different segments. It aims at estimating the market size and the growth potential across different segments, including offerings, solutions, services, professional services, parking sites, applications, and regions. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the Parking Management market’s revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
•Analysis of key drivers (Increasing urbanization to increase demand for parking spaces, Growing demand for seamless traffic flow and reduction in fuel consumption, Increase in global motor vehicle sales), restraints (System integration complexities), opportunities (Rising smart city initiative globally, Emergence of autonomous cars, Demand for innovative parking management solutions), and challenges (High implementation costs, Data security and privacy issues related to IoT devices, Disruption in logistics and supply chain of IoT devices) influencing the growth of the Parking Management market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Parking Management market.
•Market Development: Comprehensive information about lucrative markets – the report analyses the Parking Management market across varied regions
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Parking Management market.
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Group Indigo (France), Amano (Japan), Siemens (Germany), Bosch Group (Germany), Atos (France), SWARCO (Austria), SKIDATA (Austria), Chetu (US), Precise Parklink (Canada), FlashParking (US), Passport Labs (US), SpotHero (US), Get My Parking (India), INRIX (US), IPS Group (US), Smart Parking (Australia), TIBA Parking Systems (Israel), Q-Free (Norway), Streetline (US), ParkOffice (US), Urbiotica (Spain), CivicSmart (US), etc.
Content
Table of Contents
1INTRODUCTION32
1.1STUDY OBJECTIVES32
1.2MARKET DEFINITION32
1.2.1INCLUSIONS AND EXCLUSIONS33
1.3MARKET SCOPE33
1.3.1MARKET SEGMENTATION33
1.3.2REGIONS COVERED34
1.3.3YEARS CONSIDERED34
1.4CURRENCY CONSIDERED34
TABLE 1USD EXCHANGE RATES, 2020–202235
1.5STAKEHOLDERS35
1.6SUMMARY OF CHANGES35
1.6.1RECESSION IMPACT36
2RESEARCH METHODOLOGY37
2.1RESEARCH DATA37
FIGURE 1PARKING MANAGEMENT MARKET: RESEARCH DESIGN37
2.1.1SECONDARY DATA38
2.1.1.1Secondary sources38
2.1.2PRIMARY DATA39
2.1.2.1Primary interviews39
2.1.2.2Breakup of primaries39
2.1.2.3Key industry insights40
2.2MARKET BREAKUP AND DATA TRIANGULATION41
FIGURE 2DATA TRIANGULATION41
2.3MARKET SIZE ESTIMATION41
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY ̶ APPROACH 1 (SUPPLY SIDE): REVENUE OF SOLUTIONS AND SERVICES OF PARKING MANAGEMENT MARKET42
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY ̶ APPROACH 1- BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF SOLUTIONS AND SERVICES IN PARKING MANAGEMENT MARKET42
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY─ APPROACH 2 (DEMAND SIDE): PARKING MANAGEMENT MARKET43
2.4MARKET FORECAST43
TABLE 2FACTOR ANALYSIS43
2.5RESEARCH ASSUMPTIONS AND LIMITATIONS44
2.5.1STUDY ASSUMPTIONS44
2.5.2LIMITATIONS45
2.6IMPLICATION OF RECESSION ON PARKING MANAGEMENT MARKET45
FIGURE 6PARKING MANAGEMENT MARKET TO WITNESS SLIGHT DIP IN Y-O-Y IN 202346
3EXECUTIVE SUMMARY47
FIGURE 7PARKING MANAGEMENT MARKET, 2023–2028 (USD MILLION)48
FIGURE 8PARKING MANAGEMENT MARKET, BY REGION, 202348
4PREMIUM INSIGHTS49
4.1BRIEF OVERVIEW OF PARKING MANAGEMENT MARKET49
FIGURE 9INCREASING DEMAND FOR CONNECTED DEVICES TO DRIVE MARKET49
4.2PARKING MANAGEMENT MARKET SHARE, BY OFFERING49
FIGURE 10SOLUTIONS SEGMENT TO HOLD LARGEST MARKET SHARE IN 202349
4.3PARKING MANAGEMENT MARKET SHARE, BY PARKING SITE50
FIGURE 11OFF-STREET PARKING TO HOLD LARGER MARKET SHARE IN 202350
4.4PARKING MANAGEMENT MARKET SHARE, BY TOP THREE SOLUTIONS50
FIGURE 12PARKING ACCESS AND REVENUE CONTROL TO HOLD LARGEST MARKET SHARE IN 202350
4.5PARKING MANAGEMENT MARKET SHARE, BY APPLICATION51
FIGURE 13GOVERNMENT SEGMENT TO HOLD LARGEST MARKET SHARE IN 202351
5MARKET OVERVIEW AND INDUSTRY TRENDS52
5.1INTRODUCTION52
5.2MARKET DYNAMICS52
FIGURE 14PARKING MANAGEMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES52
5.2.1DRIVERS53
5.2.1.1Growing urbanization to increase demand for parking spaces53
5.2.1.2Growing demand for seamless traffic flow and reduction in fuel consumption53
5.2.1.3Increase in global motor vehicle sales53
FIGURE 15GLOBAL MOTOR VEHICLE SALES, 2019-202254
5.2.1.4Proliferation of mobile and smartphones54
5.2.2RESTRAINTS54
5.2.2.1System integration complexities54
5.2.3OPPORTUNITIES55
5.2.3.1Rising smart city initiatives globally55
TABLE 3SMART CITY INITIATIVES AND INVESTMENTS55
5.2.3.2Emergence of autonomous cars56
5.2.3.3Demand for innovative parking management solutions57
5.2.4CHALLENGES57
5.2.4.1High implementation cost57
5.2.4.2Data security and privacy issues related to IoT devices57
5.2.4.3Disruption in logistics and supply chain of IoT devices58
5.3INDUSTRY TRENDS58
5.3.1BRIEF HISTORY OF PARKING MANAGEMENT TECHNOLOGY58
5.3.1.1Evolution of parking management58
5.3.2VALUE CHAIN ANALYSIS59
FIGURE 16PARKING MANAGEMENT MARKET: VALUE CHAIN ANALYSIS59
5.3.3ECOSYSTEM59
FIGURE 17PARKING MANAGEMENT MARKET: ECOSYSTEM/MARKET MAP60
TABLE 4PARKING MANAGEMENT MARKET: ECOSYSTEM60
5.3.4PATENT ANALYSIS61
5.3.4.1Innovation and patent applications61
FIGURE 18TOTAL NUMBER OF PATENTS, 2020–202361
5.3.4.1.1Top applicants62
FIGURE 19PATENT APPLICANTS WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2019–202362
5.3.5PRICING ANALYSIS62
5.3.5.1Average selling price of key players62
TABLE 5PRICING ANALYSIS62
5.3.6PORTER’S FIVE FORCE MODEL64
TABLE 6IMPACT OF EACH FORCE ON PARKING MANAGEMENT MARKET64
FIGURE 20PORTER’S FIVE FORCES MODEL: PARKING MANAGEMENT MARKET64
5.3.6.1Threat of new entrants65
5.3.6.2Threat of substitutes65
5.3.6.3Bargaining power of buyers65
5.3.6.4Bargaining power of suppliers65
5.3.6.5Intensity of competitive rivalry65
5.3.7ETHICS AND IMPLICATIONS OF PARKING MANAGEMENT65
5.3.7.1Bias and fairness65
5.3.7.2Privacy and security66
5.3.7.3Intellectual property66
5.3.7.4Accountability and responsibility66
5.3.7.5Societal and economic impact66
5.3.8TECHNOLOGY ANALYSIS67
5.3.8.1Related technologies67
5.3.8.1.1Artificial Intelligence67
5.3.8.1.2Big data and analytics67
5.3.8.1.3Internet of Things67
5.3.8.1.4Edge computing68
5.3.8.1.55G Network68
5.3.9CURRENT AND EMERGING BUSINESS MODELS68
5.3.9.1Mobility as a service (MaaS)68
5.3.9.2Shared parking68
5.3.9.3Smart parking68
5.3.9.4Parking as a Service (PaaS)68
5.3.10REGULATORY LANDSCAPE69
5.3.10.1Regulatory bodies, government agencies, and other organizations69
TABLE 7NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS69
TABLE 8EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS69
TABLE 9ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS70
TABLE 10ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS70
5.3.11KEY CONFERENCES AND EVENTS, 2023–202471
TABLE 11DETAILED LIST OF CONFERENCES AND EVENTS, 2023–202471
5.3.12USE CASES72
5.3.13FUTURE LANDSCAPE OF PARKING MANAGEMENT MARKET73
5.3.13.1Parking management technology roadmap till 203073
5.3.13.1.1Short-term roadmap (2023-2025):73
5.3.13.1.2Mid-term roadmap (2026-2028):74
5.3.13.1.3Long-term roadmap (2028-2030):74
5.3.14KEY STAKEHOLDERS AND BUYING CRITERIA74
5.3.14.1Key stakeholders in buying process74
FIGURE 21INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS74
TABLE 12INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS75
5.3.14.2Buying criteria75
FIGURE 22KEY BUYING CRITERIA FOR TOP THREE VERTICALS75
TABLE 13KEY BUYING CRITERIA FOR TOP THREE VERTICALS75
5.3.15TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS IN PARKING MANAGEMENT MARKET76
FIGURE 23TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS76
6PARKING MANAGEMENT MARKET, BY OFFERING77
6.1INTRODUCTION78
FIGURE 24SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD78
6.1.1OFFERINGS: PARKING MANAGEMENT MARKET DRIVERS78
TABLE 14PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)79
TABLE 15PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)79
6.2SOLUTIONS79
6.2.1SOLUTIONS TO BOOST REVENUE BY MAXIMIZING AVAILABLE PARKING SPACES AND REDUCING OPERATIONAL AND CAPITAL EXPENDITURE79
TABLE 16SOLUTIONS: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)79
TABLE 17SOLUTIONS: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)80
6.3SERVICES80
6.3.1ORGANIZATIONS ACROSS VARIOUS SECTORS TO ENHANCE PERFORMANCE BY OPTIMIZING PARKING OPERATIONS80
TABLE 18SERVICES: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)80
TABLE 19SERVICES: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)80
7PARKING MANAGEMENT MARKET, BY SOLUTION81
7.1INTRODUCTION82
FIGURE 25PARKING GUIDANCE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD82
7.1.1SOLUTIONS: PARKING MANAGEMENT MARKET DRIVERS82
TABLE 20PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)83
TABLE 21PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)83
7.2PARKING GUIDANCE84
7.2.1RISING NEED FOR REDUCED TRAFFIC CONGESTION AND SHORT TRAVEL TIME TO DRIVE GROWTH84
TABLE 22PARKING GUIDANCE: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)84
TABLE 23PARKING GUIDANCE: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)84
7.3PARKING RESERVATION MANAGEMENT85
7.3.1DEMAND FOR CONVENIENCE PARKING SPACES TO PROPEL MARKET85
TABLE 24PARKING RESERVATION MANAGEMENT: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)85
TABLE 25PARKING RESERVATION MANAGEMENT: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)85
7.4PARKING PERMIT MANAGEMENT86
7.4.1GROWING NEED TO MANAGE PARKING PERMITS86
TABLE 26PARKING PERMIT MANAGEMENT: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)86
TABLE 27PARKING PERMIT MANAGEMENT: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)86
7.5PARKING ENFORCEMENT MANAGEMENT87
7.5.1NEED FOR STRICT ADHERENCE TO PARKING RULES TO DRIVE POPULARITY OF PARKING MANAGEMENT SOLUTIONS87
TABLE 28PARKING ENFORCEMENT MANAGEMENT: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)87
TABLE 29PARKING ENFORCEMENT MANAGEMENT: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)87
7.6PARKING ACCESS AND REVENUE CONTROL88
7.6.1NEED FOR PROPER ORGANIZATION OF VEHICLES IN PARKING FACILITIES TO DRIVE MARKET88
TABLE 30PARKING ACCESS AND REVENUE CONTROL: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)88
TABLE 31PARKING ACCESS AND REVENUE CONTROL: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)88
7.7PARKING SECURITY AND SURVEILLANCE89
7.7.1GROWING NEED TO PREVENT THEFT AND KEEP PEOPLE PROTECTED89
TABLE 32PARKING SECURITY AND SURVEILLANCE: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)89
TABLE 33PARKING SECURITY AND SURVEILLANCE: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)89
7.8PARKING ANALYTICS90
7.8.1NEED TO REDUCE COSTS ASSOCIATED WITH PARKING OPERATIONS AND PATROLLING TO PROMOTE USE OF PARKING ANALYTICS90
TABLE 34PARKING ANALYTICS: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)90
TABLE 35PARKING ANALYTICS: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)90
8PARKING MANAGEMENT MARKET, BY SERVICE91
8.1INTRODUCTION92
FIGURE 26MANAGED SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD92
8.1.1SERVICES: PARKING MANAGEMENT MARKET DRIVERS92
TABLE 36PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)92
TABLE 37PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)92
8.2PROFESSIONAL SERVICES93
8.2.1DEMAND FOR INNOVATIVE PARKING MANAGEMENT SOLUTIONS TO BOOST ADOPTION OF PROFESSIONAL PARKING SERVICES93
TABLE 38PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)93
TABLE 39PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)93
TABLE 40PROFESSIONAL SERVICES: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)93
TABLE 41PROFESSIONAL SERVICES: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)94
8.2.2CONSULTING & TRAINING94
8.2.2.1Need to develop and arrange better practices to address specific management requirements to drive market94
TABLE 42CONSULTING & TRAINING: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)94
TABLE 43CONSULTING & TRAINING: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)95
8.2.3SYSTEM INTEGRATION & DEPLOYMENT95
8.2.3.1Need to improve decision-making, enhance efficiency, and reduce costs to propel growth95
TABLE 44SYSTEM INTEGRATION & DEPLOYMENT: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)95
TABLE 45SYSTEM INTEGRATION & DEPLOYMENT: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)96
8.2.4SUPPORT & MAINTENANCE96
8.2.4.1Demand to enhance management and performance of parking management solutions to boost growth96
TABLE 46SUPPORT & MAINTENANCE: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)96
TABLE 47SUPPORT & MAINTENANCE: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)97
8.3MANAGED SERVICES97
8.3.1MANAGED SERVICES TO OFFER TECHNICAL SKILLS REQUIRED TO MAINTAIN AND UPDATE PARKING MANAGEMENT SOFTWARE97
TABLE 48MANAGED SERVICES: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)97
TABLE 49MANAGED SERVICES: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)98
9PARKING MANAGEMENT MARKET, BY PARKING SITE99
9.1INTRODUCTION100
FIGURE 27OFF-STREET PARKING SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD100
9.1.1PARKING SITES: PARKING MANAGEMENT MARKET DRIVERS100
TABLE 50PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)101
TABLE 51PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)101
9.2OFF-STREET PARKING101
9.2.1FOCUS ON SECURITY, PRE-BOOKING OF PARKING SPOTS, AND PARKING FEE MANAGEMENT TO BOOST GROWTH101
TABLE 52OFF-STREET PARKING: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)101
TABLE 53OFF-STREET PARKING: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)102
9.3ON-STREET PARKING102
9.3.1AVAILABILITY OF ON-STREET PARKING NEAR COMMERCIAL AREAS TO ENCOURAGE MARKET GROWTH102
TABLE 54ON-STREET PARKING: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)102
TABLE 55ON-STREET PARKING: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)103
10PARKING MANAGEMENT MARKET, BY APPLICATION104
10.1INTRODUCTION105
FIGURE 28TRANSPORT TRANSIT PARKING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD105
10.1.1APPLICATION: PARKING MANAGEMENT MARKET DRIVERS105
TABLE 56PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)105
TABLE 57PARKING MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)106
10.2GOVERNMENT106
10.2.1GOVERNMENT TO CONSTRUCT MORE PUBLIC PARKING SPOTS TO ACCOMMODATE DEMAND FOR PARKING IN METROPOLITAN AREAS106
TABLE 58GOVERNMENT: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)106
TABLE 59GOVERNMENT: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)107
10.3COMMERCIAL107
10.3.1PARKING MANAGEMENT SOFTWARE TO HELP COMMERCIAL BUSINESSES TO AUTOMATE PARKING OPERATIONS, TRACK PARKING REVENUE, AND MANAGE PARKING SPACES107
TABLE 60COMMERCIAL: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)107
TABLE 61COMMERCIAL: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)108
10.4TRANSPORT TRANSIT108
10.4.1SMART SYSTEMS TO ENABLE PARKING OPERATORS TO MONITOR OCCUPANCY RATES AND OPTIMIZE SPACE UTILIZATION108
TABLE 62TRANSPORT TRANSIT: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)108
TABLE 63TRANSPORT TRANSIT: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)109
11PARKING MANAGEMENT MARKET, BY REGION110
11.1INTRODUCTION111
TABLE 64PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)111
TABLE 65PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)111
11.2NORTH AMERICA112
11.2.1NORTH AMERICA: RECESSION IMPACT112
11.2.2NORTH AMERICA: PARKING MANAGEMENT MARKET DRIVERS112
FIGURE 29NORTH AMERICA: MARKET SNAPSHOT113
TABLE 66NORTH AMERICA: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)113
TABLE 67NORTH AMERICA: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)114
TABLE 68NORTH AMERICA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)114
TABLE 69NORTH AMERICA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)114
TABLE 70NORTH AMERICA: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)115
TABLE 71NORTH AMERICA: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)115
TABLE 72NORTH AMERICA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)115
TABLE 73NORTH AMERICA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)115
TABLE 74NORTH AMERICA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)116
TABLE 75NORTH AMERICA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)116
TABLE 76NORTH AMERICA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)116
TABLE 77NORTH AMERICA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)116
TABLE 78NORTH AMERICA: PARKING MANAGEMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)117
TABLE 79NORTH AMERICA: PARKING MANAGEMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)117
11.2.3US117
11.2.3.1Need to decrease traffic and reduce accidents to drive market117
TABLE 80US: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)117
TABLE 81US: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)118
TABLE 82US: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)118
TABLE 83US: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)118
TABLE 84US: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)118
TABLE 85US: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)119
TABLE 86US: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)119
TABLE 87US: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)119
TABLE 88US: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)119
TABLE 89US: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)120
TABLE 90US: PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)120
TABLE 91US: PARKING MANAGEMENT MARKET, BY APPLICATION 2023–2028 (USD MILLION)120
11.2.4CANADA120
11.2.4.1Focus on improving efficiency of parking management solutions to drive growth120
TABLE 92CANADA: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)121
TABLE 93CANADA: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)121
TABLE 94CANADA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)121
TABLE 95CANADA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)121
TABLE 96CANADA: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)122
TABLE 97CANADA: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)122
TABLE 98CANADA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)122
TABLE 99CANADA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)122
TABLE 100CANADA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)123
TABLE 101CANADA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)123
TABLE 102CANADA: PARKING MANAGEMENT MARKET, BY APPLICATION 2018–2022 (USD MILLION)123
TABLE 103CANADA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)123
11.3EUROPE124
11.3.1EUROPE: RECESSION IMPACT124
11.3.2EUROPE: PARKING MANAGEMENT MARKET DRIVERS125
TABLE 104EUROPE: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)125
TABLE 105EUROPE: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)125
TABLE 106EUROPE: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)125
TABLE 107EUROPE: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)126
TABLE 108EUROPE: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)126
TABLE 109EUROPE: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)126
TABLE 110EUROPE: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)126
TABLE 111EUROPE: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)127
TABLE 112EUROPE: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)127
TABLE 113EUROPE: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)127
TABLE 114EUROPE: PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)127
TABLE 115EUROPE: PARKING MANAGEMENT MARKET, BY APPLICATION 2023–2028 (USD MILLION)128
TABLE 116EUROPE: PARKING MANAGEMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)128
TABLE 117EUROPE: PARKING MANAGEMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)128
11.3.3UK128
11.3.3.1Adoption of new technologies to transform parking facilities to boost growth128
11.3.4GERMANY129
11.3.4.1Focus of companies on technological advancements to drive popularity of smart parking sensors129
11.3.5FRANCE129
11.3.5.1Rising need to upgrade parking facilities with latest technologies to drive growth129
11.3.6REST OF EUROPE129
11.4ASIA PACIFIC130
11.4.1ASIA PACIFIC: RECESSION IMPACT130
11.4.2ASIA PACIFIC: PARKING MANAGEMENT MARKET DRIVERS131
FIGURE 30ASIA PACIFIC: MARKET SNAPSHOT132
TABLE 118ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)132
TABLE 119ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)133
TABLE 120ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)133
TABLE 121ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)133
TABLE 122ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)134
TABLE 123ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)134
TABLE 124ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)134
TABLE 125ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)134
TABLE 126ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)135
TABLE 127ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)135
TABLE 128ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)135
TABLE 129ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)135
TABLE 130ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)136
TABLE 131ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)136
11.4.3CHINA136
11.4.3.1Substantial investments in digital technologies to drive growth136
11.4.4JAPAN137
11.4.4.1Increasing number of vehicles and scarcity of land to boost growth of parking management solutions137
11.4.5SOUTH KOREA137
11.4.5.1Adoption of technology-based transportation systems to propel growth137
11.4.6REST OF ASIA PACIFIC137
11.5LATIN AMERICA138
11.5.1LATIN AMERICA: RECESSION IMPACT138
11.5.2LATIN AMERICA: PARKING MANAGEMENT MARKET DRIVERS138
TABLE 132LATIN AMERICA: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)139
TABLE 133LATIN AMERICA: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)139
TABLE 134LATIN AMERICA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)139
TABLE 135LATIN AMERICA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)140
TABLE 136LATIN AMERICA: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)140
TABLE 137LATIN AMERICA: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)140
TABLE 138LATIN AMERICA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)140
TABLE 139LATIN AMERICA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)141
TABLE 140LATIN AMERICA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)141
TABLE 141LATIN AMERICA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)141
TABLE 142LATIN AMERICA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)141
TABLE 143LATIN AMERICA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)142
TABLE 144LATIN AMERICA: PARKING MANAGEMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)142
TABLE 145LATIN AMERICA: PARKING MANAGEMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)142
11.5.3BRAZIL142
11.5.3.1Thriving startup ecosystem to drive popularity of parking management solutions142
11.5.4MEXICO143
11.5.4.1Need for improved environmental quality to fuel demand for smart parking solutions143
11.5.5REST OF LATIN AMERICA143
11.6MIDDLE EAST & AFRICA143
11.6.1MIDDLE EAST & AFRICA: RECESSION IMPACT143
11.6.2MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET DRIVERS144
TABLE 146MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)144
TABLE 147MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)144
TABLE 148MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)145
TABLE 149MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)145
TABLE 150MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)145
TABLE 151MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)146
TABLE 152MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)146
TABLE 153MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)146
TABLE 154MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)146
TABLE 155MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)147
TABLE 156MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)147
TABLE 157MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)147
TABLE 158MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)147
TABLE 159MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)148
11.6.3UAE148
11.6.3.1Increase in number of vehicles and need to organize parking management systems to boost growth148
11.6.4SOUTH AFRICA148
11.6.4.1Popularity of mobile application-based parking management solutions to drive growth148
11.6.5ISRAEL148
11.6.5.1Demand for adequate parking space to boost adoption of parking management solutions148
11.6.6REST OF MIDDLE EAST & AFRICA149
12COMPETITIVE LANDSCAPE150
12.1INTRODUCTION150
12.2STRATEGIES ADOPTED BY KEY PLAYERS150
TABLE 160OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS150
12.3HISTORICAL REVENUE ANALYSIS151
FIGURE 31HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS, 2020–2022 (USD MILLION)151
12.4MARKET SHARE ANALYSIS OF KEY PLAYERS152
TABLE 161PARKING MANAGEMENT MARKET: DEGREE OF COMPETITION152
12.5COMPETITIVE BENCHMARKING152
TABLE 162COMPETITIVE BENCHMARKING OF KEY PLAYERS152
12.6COMPANY EVALUATION MATRIX METHODOLOGY FOR KEY PLAYERS153
FIGURE 32COMPANY EVALUATION MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE153
12.7COMPANY EVALUATION MATRIX FOR KEY PLAYERS154
12.7.1STARS154
12.7.2EMERGING LEADERS154
12.7.3PERVASIVE PLAYERS154
12.7.4PARTICIPANTS154
FIGURE 33COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2023155
12.8COMPETITIVE SCENARIO156
12.8.1PRODUCT LAUNCHES156
TABLE 163PRODUCT LAUNCHES, 2021–2023156
12.8.2DEALS157
TABLE 164DEALS, 2020–2023157
13COMPANY PROFILES158
13.1KEY PLAYERS158
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices, and Weaknesses and competitive threats)*
13.1.1GROUP INDIGO158
TABLE 165GROUP INDIGO: BUSINESS OVERVIEW158
FIGURE 34GROUP INDIGO: COMPANY SNAPSHOT159
TABLE 166GROUP INDIGO: SOLUTIONS /SERVICES OFFERED159
TABLE 167GROUP INDIGO: SOLUTION/SERVICE LAUNCHES159
TABLE 168GROUP INDIGO: DEALS160
13.1.2AMANO161
TABLE 169AMANO: BUSINESS OVERVIEW161
FIGURE 35AMANO: COMPANY SNAPSHOT162
TABLE 170AMANO: SOLUTIONS /SERVICES OFFERED162
TABLE 171AMANO: SOLUTION/SERVICE LAUNCHES163
TABLE 172AMANO: DEALS163
13.1.3SIEMENS165
TABLE 173SIEMENS: BUSINESS OVERVIEW165
FIGURE 36SIEMENS: COMPANY SNAPSHOT166
TABLE 174SIEMENS: SOLUTIONS /SERVICES OFFERED166
TABLE 175SIEMENS: SOLUTION/SERVICE LAUNCHES167
TABLE 176SIEMENS: DEALS167
13.1.4BOSCH GROUP169
TABLE 177BOSCH GROUP: BUSINESS OVERVIEW169
FIGURE 37BOSCH GROUP: COMPANY SNAPSHOT170
TABLE 178BOSCH GROUP: SOLUTIONS /SERVICES OFFERED170
TABLE 179BOSCH:DEALS171
13.1.5ATOS172
TABLE 180ATOS: BUSINESS OVERVIEW172
FIGURE 38ATOS: COMPANY SNAPSHOT172
TABLE 181ATOS: SOLUTIONS/ SERVICES OFFERED173
TABLE 182ATOS: DEALS173
13.1.6SWARCO174
TABLE 183SWARCO: BUSINESS OVERVIEW174
TABLE 184SWARCO: SOLUTIONS/ SERVICES OFFERED174
TABLE 185SWARCO:SOLUTION/SERVICE LAUNCHES175
13.1.7SKIDATA176
TABLE 186SKIDATA: BUSINESS OVERVIEW176
TABLE 187SKIDATA: SOLUTIONS / SERVICES OFFERED177
TABLE 188SKIDATA: DEALS177
13.1.8CHETU178
TABLE 189CHETU: BUSINESS OVERVIEW178
TABLE 190CHETU: SOLUTIONS /SERVICES OFFERED178
13.1.9PRECISE PARKLINK179
13.1.10FLASHPARKING180
13.1.11PASSPORT LABS181
13.1.12SPOTHERO182
13.1.13GET MY PARKING183
13.1.14INRIX184
13.1.15IPS GROUP185
13.1.16SMART PARKING186
13.1.17TIBA PARKING SYSTEMS187
13.1.18Q-FREE188
13.1.19STREETLINE189
13.1.20PARKOFFICE190
13.1.21URBIOTICA190
13.1.22CIVICSMART191
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
14ADJACENT/RELATED MARKETS192
14.1INTRODUCTION192
14.2TRAFFIC MANAGEMENT MARKET – GLOBAL FORECAST TO 2027192
14.2.1MARKET DEFINITION192
14.2.2MARKET OVERVIEW192
14.2.2.1Traffic management market, by component192
TABLE 191TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2017–2021 (USD MILLION)193
TABLE 192TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION)193
14.2.2.2Traffic management market, by solution193
TABLE 193TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2017–2021 (USD MILLION)193
TABLE 194TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2022–2027 (USD MILLION)194
14.2.2.3Traffic management market, by hardware194
TABLE 195TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2017–2021 (USD MILLION)194
TABLE 196TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2022–2027 (USD MILLION)194
14.2.2.4Traffic management market, by service195
TABLE 197TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2017–2021 (USD MILLION)195
TABLE 198TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2022–2027 (USD MILLION)195
14.2.2.5Traffic management market, by region195
TABLE 199TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION)195
TABLE 200TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION)196
14.3FLEET MANAGEMENT MARKET – GLOBAL FORECAST TO 2027196
14.3.1MARKET DEFINITION196
14.3.2MARKET OVERVIEW196
14.3.2.1Fleet management market, by component197
TABLE 201FLEET MANAGEMENT MARKET, BY COMPONENT, 2017–2021 (USD MILLION)197
TABLE 202FLEET MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION)197
14.3.2.2Fleet management market, by deployment type198
TABLE 203FLEET MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2017–2021 (USD MILLION)198
TABLE 204FLEET MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2022–2027 (USD MILLION)198
14.3.2.3Fleet management market, by fleet type198
TABLE 205FLEET MANAGEMENT MARKET, BY FLEET TYPE, 2017–2021 (USD MILLION)198
TABLE 206FLEET MANAGEMENT MARKET, BY FLEET TYPE, 2022–2027 (USD MILLION)198
15APPENDIX199
15.1DISCUSSION GUIDE199
15.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL202
15.3CUSTOMIZATION OPTIONS204
15.4RELATED REPORTS204
15.5AUTHOR DETAILS205
Based on the parking site, the Off-Street Parking segment is expected to account for the largest market share during the forecast period
Parking facilities available in parking lots, garages, private driveways, and other areas are known as off-street parking. Commercial agencies typically manage these facilities and are highly efficient in holding vehicles. Proper design and construction are required to ensure drivers' safe and secure parking experience. This segment focuses on security, pre-booking parking spots, and parking fee management. Innovations in this sector include using robotic valet systems to improve parking management.
Based on the application, the transport transit segment is expected to grow at the highest CAGR during the forecast period
The transport transit sector is crucial in promoting parking management through various innovative measures and strategic initiatives. One of the key ways this sector contributes is by integrating public transportation options with efficient parking facilities. Transit agencies are actively developing park-and-ride facilities, strategically locating parking lots near transit hubs such as bus stations, train stations, and subway terminals. This integration encourages commuters to park their vehicles at these facilities and continue their journey using public transit, reducing the number of cars on the road and alleviating congestion in urban areas.
Based on region, the North American segment is expected to account for the largest market share during the forecast period
The North American market has stringent government standards and regulations, ensuring parking management is regulated and controlled. The region’s major growth driver is the investment in parking management solutions to enhance driver and commuter convenience. The US and Canada are extensively implementing parking management solutions, primarily due to the increasing adoption of mobile devices and the growing focus on managing traffic congestion.
The North American parking management market is the top revenue generator among all regional markets. This is due to the introduction of advanced parking management technologies and the increasing sale of vehicles in the region. The development of ICT has made it possible to reduce congestion, provide real-time information, prevent accidents, enforce speed and traffic rules, and decrease revenue leakages.
The break-up of the profile of primary participants in the Parking Management Market:
The study contains insights from various industry experts, from solution vendors to Tier 1 companies.
The break-up of the primaries is as follows:
•By Company Type: Tier 1 – 30%, Tier 2 – 42%, and Tier 3 – 28%
•By Designation: C-level –48%, D-level – 30%, and Others – 22%
•By Region: North America – 20%, Europe – 25%, Asia Pacific – 40%, Middle East and Africa – 10%, and Latin America – 5%
The major players in the Parking Management market are Group Indigo (France), Amano (Japan), Siemens (Germany), Bosch Group (Germany), Atos (France), SWARCO (Austria), SKIDATA (Austria), Chetu (US), Precise Parklink (Canada), FlashParking (US), Passport Labs (US), SpotHero (US), Get My Parking (India), INRIX (US), IPS Group (US), Smart Parking (Australia), TIBA Parking Systems (Israel), Q-Free (Norway), Streetline (US), ParkOffice (US), Urbiotica (Spain), CivicSmart (US), etc. These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and enhancements, and acquisitions to expand their footprint in the Parking Management market.
Research Coverage
The market study covers the Parking Management market size across different segments. It aims at estimating the market size and the growth potential across different segments, including offerings, solutions, services, professional services, parking sites, applications, and regions. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the Parking Management market’s revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
•Analysis of key drivers (Increasing urbanization to increase demand for parking spaces, Growing demand for seamless traffic flow and reduction in fuel consumption, Increase in global motor vehicle sales), restraints (System integration complexities), opportunities (Rising smart city initiative globally, Emergence of autonomous cars, Demand for innovative parking management solutions), and challenges (High implementation costs, Data security and privacy issues related to IoT devices, Disruption in logistics and supply chain of IoT devices) influencing the growth of the Parking Management market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Parking Management market.
•Market Development: Comprehensive information about lucrative markets – the report analyses the Parking Management market across varied regions
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Parking Management market.
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Group Indigo (France), Amano (Japan), Siemens (Germany), Bosch Group (Germany), Atos (France), SWARCO (Austria), SKIDATA (Austria), Chetu (US), Precise Parklink (Canada), FlashParking (US), Passport Labs (US), SpotHero (US), Get My Parking (India), INRIX (US), IPS Group (US), Smart Parking (Australia), TIBA Parking Systems (Israel), Q-Free (Norway), Streetline (US), ParkOffice (US), Urbiotica (Spain), CivicSmart (US), etc.
1INTRODUCTION32
1.1STUDY OBJECTIVES32
1.2MARKET DEFINITION32
1.2.1INCLUSIONS AND EXCLUSIONS33
1.3MARKET SCOPE33
1.3.1MARKET SEGMENTATION33
1.3.2REGIONS COVERED34
1.3.3YEARS CONSIDERED34
1.4CURRENCY CONSIDERED34
TABLE 1USD EXCHANGE RATES, 2020–202235
1.5STAKEHOLDERS35
1.6SUMMARY OF CHANGES35
1.6.1RECESSION IMPACT36
2RESEARCH METHODOLOGY37
2.1RESEARCH DATA37
FIGURE 1PARKING MANAGEMENT MARKET: RESEARCH DESIGN37
2.1.1SECONDARY DATA38
2.1.1.1Secondary sources38
2.1.2PRIMARY DATA39
2.1.2.1Primary interviews39
2.1.2.2Breakup of primaries39
2.1.2.3Key industry insights40
2.2MARKET BREAKUP AND DATA TRIANGULATION41
FIGURE 2DATA TRIANGULATION41
2.3MARKET SIZE ESTIMATION41
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY ̶ APPROACH 1 (SUPPLY SIDE): REVENUE OF SOLUTIONS AND SERVICES OF PARKING MANAGEMENT MARKET42
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY ̶ APPROACH 1- BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF SOLUTIONS AND SERVICES IN PARKING MANAGEMENT MARKET42
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY─ APPROACH 2 (DEMAND SIDE): PARKING MANAGEMENT MARKET43
2.4MARKET FORECAST43
TABLE 2FACTOR ANALYSIS43
2.5RESEARCH ASSUMPTIONS AND LIMITATIONS44
2.5.1STUDY ASSUMPTIONS44
2.5.2LIMITATIONS45
2.6IMPLICATION OF RECESSION ON PARKING MANAGEMENT MARKET45
FIGURE 6PARKING MANAGEMENT MARKET TO WITNESS SLIGHT DIP IN Y-O-Y IN 202346
3EXECUTIVE SUMMARY47
FIGURE 7PARKING MANAGEMENT MARKET, 2023–2028 (USD MILLION)48
FIGURE 8PARKING MANAGEMENT MARKET, BY REGION, 202348
4PREMIUM INSIGHTS49
4.1BRIEF OVERVIEW OF PARKING MANAGEMENT MARKET49
FIGURE 9INCREASING DEMAND FOR CONNECTED DEVICES TO DRIVE MARKET49
4.2PARKING MANAGEMENT MARKET SHARE, BY OFFERING49
FIGURE 10SOLUTIONS SEGMENT TO HOLD LARGEST MARKET SHARE IN 202349
4.3PARKING MANAGEMENT MARKET SHARE, BY PARKING SITE50
FIGURE 11OFF-STREET PARKING TO HOLD LARGER MARKET SHARE IN 202350
4.4PARKING MANAGEMENT MARKET SHARE, BY TOP THREE SOLUTIONS50
FIGURE 12PARKING ACCESS AND REVENUE CONTROL TO HOLD LARGEST MARKET SHARE IN 202350
4.5PARKING MANAGEMENT MARKET SHARE, BY APPLICATION51
FIGURE 13GOVERNMENT SEGMENT TO HOLD LARGEST MARKET SHARE IN 202351
5MARKET OVERVIEW AND INDUSTRY TRENDS52
5.1INTRODUCTION52
5.2MARKET DYNAMICS52
FIGURE 14PARKING MANAGEMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES52
5.2.1DRIVERS53
5.2.1.1Growing urbanization to increase demand for parking spaces53
5.2.1.2Growing demand for seamless traffic flow and reduction in fuel consumption53
5.2.1.3Increase in global motor vehicle sales53
FIGURE 15GLOBAL MOTOR VEHICLE SALES, 2019-202254
5.2.1.4Proliferation of mobile and smartphones54
5.2.2RESTRAINTS54
5.2.2.1System integration complexities54
5.2.3OPPORTUNITIES55
5.2.3.1Rising smart city initiatives globally55
TABLE 3SMART CITY INITIATIVES AND INVESTMENTS55
5.2.3.2Emergence of autonomous cars56
5.2.3.3Demand for innovative parking management solutions57
5.2.4CHALLENGES57
5.2.4.1High implementation cost57
5.2.4.2Data security and privacy issues related to IoT devices57
5.2.4.3Disruption in logistics and supply chain of IoT devices58
5.3INDUSTRY TRENDS58
5.3.1BRIEF HISTORY OF PARKING MANAGEMENT TECHNOLOGY58
5.3.1.1Evolution of parking management58
5.3.2VALUE CHAIN ANALYSIS59
FIGURE 16PARKING MANAGEMENT MARKET: VALUE CHAIN ANALYSIS59
5.3.3ECOSYSTEM59
FIGURE 17PARKING MANAGEMENT MARKET: ECOSYSTEM/MARKET MAP60
TABLE 4PARKING MANAGEMENT MARKET: ECOSYSTEM60
5.3.4PATENT ANALYSIS61
5.3.4.1Innovation and patent applications61
FIGURE 18TOTAL NUMBER OF PATENTS, 2020–202361
5.3.4.1.1Top applicants62
FIGURE 19PATENT APPLICANTS WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2019–202362
5.3.5PRICING ANALYSIS62
5.3.5.1Average selling price of key players62
TABLE 5PRICING ANALYSIS62
5.3.6PORTER’S FIVE FORCE MODEL64
TABLE 6IMPACT OF EACH FORCE ON PARKING MANAGEMENT MARKET64
FIGURE 20PORTER’S FIVE FORCES MODEL: PARKING MANAGEMENT MARKET64
5.3.6.1Threat of new entrants65
5.3.6.2Threat of substitutes65
5.3.6.3Bargaining power of buyers65
5.3.6.4Bargaining power of suppliers65
5.3.6.5Intensity of competitive rivalry65
5.3.7ETHICS AND IMPLICATIONS OF PARKING MANAGEMENT65
5.3.7.1Bias and fairness65
5.3.7.2Privacy and security66
5.3.7.3Intellectual property66
5.3.7.4Accountability and responsibility66
5.3.7.5Societal and economic impact66
5.3.8TECHNOLOGY ANALYSIS67
5.3.8.1Related technologies67
5.3.8.1.1Artificial Intelligence67
5.3.8.1.2Big data and analytics67
5.3.8.1.3Internet of Things67
5.3.8.1.4Edge computing68
5.3.8.1.55G Network68
5.3.9CURRENT AND EMERGING BUSINESS MODELS68
5.3.9.1Mobility as a service (MaaS)68
5.3.9.2Shared parking68
5.3.9.3Smart parking68
5.3.9.4Parking as a Service (PaaS)68
5.3.10REGULATORY LANDSCAPE69
5.3.10.1Regulatory bodies, government agencies, and other organizations69
TABLE 7NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS69
TABLE 8EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS69
TABLE 9ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS70
TABLE 10ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS70
5.3.11KEY CONFERENCES AND EVENTS, 2023–202471
TABLE 11DETAILED LIST OF CONFERENCES AND EVENTS, 2023–202471
5.3.12USE CASES72
5.3.13FUTURE LANDSCAPE OF PARKING MANAGEMENT MARKET73
5.3.13.1Parking management technology roadmap till 203073
5.3.13.1.1Short-term roadmap (2023-2025):73
5.3.13.1.2Mid-term roadmap (2026-2028):74
5.3.13.1.3Long-term roadmap (2028-2030):74
5.3.14KEY STAKEHOLDERS AND BUYING CRITERIA74
5.3.14.1Key stakeholders in buying process74
FIGURE 21INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS74
TABLE 12INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS75
5.3.14.2Buying criteria75
FIGURE 22KEY BUYING CRITERIA FOR TOP THREE VERTICALS75
TABLE 13KEY BUYING CRITERIA FOR TOP THREE VERTICALS75
5.3.15TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS IN PARKING MANAGEMENT MARKET76
FIGURE 23TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS76
6PARKING MANAGEMENT MARKET, BY OFFERING77
6.1INTRODUCTION78
FIGURE 24SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD78
6.1.1OFFERINGS: PARKING MANAGEMENT MARKET DRIVERS78
TABLE 14PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)79
TABLE 15PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)79
6.2SOLUTIONS79
6.2.1SOLUTIONS TO BOOST REVENUE BY MAXIMIZING AVAILABLE PARKING SPACES AND REDUCING OPERATIONAL AND CAPITAL EXPENDITURE79
TABLE 16SOLUTIONS: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)79
TABLE 17SOLUTIONS: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)80
6.3SERVICES80
6.3.1ORGANIZATIONS ACROSS VARIOUS SECTORS TO ENHANCE PERFORMANCE BY OPTIMIZING PARKING OPERATIONS80
TABLE 18SERVICES: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)80
TABLE 19SERVICES: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)80
7PARKING MANAGEMENT MARKET, BY SOLUTION81
7.1INTRODUCTION82
FIGURE 25PARKING GUIDANCE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD82
7.1.1SOLUTIONS: PARKING MANAGEMENT MARKET DRIVERS82
TABLE 20PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)83
TABLE 21PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)83
7.2PARKING GUIDANCE84
7.2.1RISING NEED FOR REDUCED TRAFFIC CONGESTION AND SHORT TRAVEL TIME TO DRIVE GROWTH84
TABLE 22PARKING GUIDANCE: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)84
TABLE 23PARKING GUIDANCE: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)84
7.3PARKING RESERVATION MANAGEMENT85
7.3.1DEMAND FOR CONVENIENCE PARKING SPACES TO PROPEL MARKET85
TABLE 24PARKING RESERVATION MANAGEMENT: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)85
TABLE 25PARKING RESERVATION MANAGEMENT: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)85
7.4PARKING PERMIT MANAGEMENT86
7.4.1GROWING NEED TO MANAGE PARKING PERMITS86
TABLE 26PARKING PERMIT MANAGEMENT: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)86
TABLE 27PARKING PERMIT MANAGEMENT: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)86
7.5PARKING ENFORCEMENT MANAGEMENT87
7.5.1NEED FOR STRICT ADHERENCE TO PARKING RULES TO DRIVE POPULARITY OF PARKING MANAGEMENT SOLUTIONS87
TABLE 28PARKING ENFORCEMENT MANAGEMENT: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)87
TABLE 29PARKING ENFORCEMENT MANAGEMENT: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)87
7.6PARKING ACCESS AND REVENUE CONTROL88
7.6.1NEED FOR PROPER ORGANIZATION OF VEHICLES IN PARKING FACILITIES TO DRIVE MARKET88
TABLE 30PARKING ACCESS AND REVENUE CONTROL: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)88
TABLE 31PARKING ACCESS AND REVENUE CONTROL: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)88
7.7PARKING SECURITY AND SURVEILLANCE89
7.7.1GROWING NEED TO PREVENT THEFT AND KEEP PEOPLE PROTECTED89
TABLE 32PARKING SECURITY AND SURVEILLANCE: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)89
TABLE 33PARKING SECURITY AND SURVEILLANCE: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)89
7.8PARKING ANALYTICS90
7.8.1NEED TO REDUCE COSTS ASSOCIATED WITH PARKING OPERATIONS AND PATROLLING TO PROMOTE USE OF PARKING ANALYTICS90
TABLE 34PARKING ANALYTICS: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)90
TABLE 35PARKING ANALYTICS: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)90
8PARKING MANAGEMENT MARKET, BY SERVICE91
8.1INTRODUCTION92
FIGURE 26MANAGED SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD92
8.1.1SERVICES: PARKING MANAGEMENT MARKET DRIVERS92
TABLE 36PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)92
TABLE 37PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)92
8.2PROFESSIONAL SERVICES93
8.2.1DEMAND FOR INNOVATIVE PARKING MANAGEMENT SOLUTIONS TO BOOST ADOPTION OF PROFESSIONAL PARKING SERVICES93
TABLE 38PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)93
TABLE 39PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)93
TABLE 40PROFESSIONAL SERVICES: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)93
TABLE 41PROFESSIONAL SERVICES: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)94
8.2.2CONSULTING & TRAINING94
8.2.2.1Need to develop and arrange better practices to address specific management requirements to drive market94
TABLE 42CONSULTING & TRAINING: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)94
TABLE 43CONSULTING & TRAINING: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)95
8.2.3SYSTEM INTEGRATION & DEPLOYMENT95
8.2.3.1Need to improve decision-making, enhance efficiency, and reduce costs to propel growth95
TABLE 44SYSTEM INTEGRATION & DEPLOYMENT: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)95
TABLE 45SYSTEM INTEGRATION & DEPLOYMENT: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)96
8.2.4SUPPORT & MAINTENANCE96
8.2.4.1Demand to enhance management and performance of parking management solutions to boost growth96
TABLE 46SUPPORT & MAINTENANCE: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)96
TABLE 47SUPPORT & MAINTENANCE: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)97
8.3MANAGED SERVICES97
8.3.1MANAGED SERVICES TO OFFER TECHNICAL SKILLS REQUIRED TO MAINTAIN AND UPDATE PARKING MANAGEMENT SOFTWARE97
TABLE 48MANAGED SERVICES: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)97
TABLE 49MANAGED SERVICES: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)98
9PARKING MANAGEMENT MARKET, BY PARKING SITE99
9.1INTRODUCTION100
FIGURE 27OFF-STREET PARKING SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD100
9.1.1PARKING SITES: PARKING MANAGEMENT MARKET DRIVERS100
TABLE 50PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)101
TABLE 51PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)101
9.2OFF-STREET PARKING101
9.2.1FOCUS ON SECURITY, PRE-BOOKING OF PARKING SPOTS, AND PARKING FEE MANAGEMENT TO BOOST GROWTH101
TABLE 52OFF-STREET PARKING: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)101
TABLE 53OFF-STREET PARKING: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)102
9.3ON-STREET PARKING102
9.3.1AVAILABILITY OF ON-STREET PARKING NEAR COMMERCIAL AREAS TO ENCOURAGE MARKET GROWTH102
TABLE 54ON-STREET PARKING: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)102
TABLE 55ON-STREET PARKING: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)103
10PARKING MANAGEMENT MARKET, BY APPLICATION104
10.1INTRODUCTION105
FIGURE 28TRANSPORT TRANSIT PARKING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD105
10.1.1APPLICATION: PARKING MANAGEMENT MARKET DRIVERS105
TABLE 56PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)105
TABLE 57PARKING MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)106
10.2GOVERNMENT106
10.2.1GOVERNMENT TO CONSTRUCT MORE PUBLIC PARKING SPOTS TO ACCOMMODATE DEMAND FOR PARKING IN METROPOLITAN AREAS106
TABLE 58GOVERNMENT: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)106
TABLE 59GOVERNMENT: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)107
10.3COMMERCIAL107
10.3.1PARKING MANAGEMENT SOFTWARE TO HELP COMMERCIAL BUSINESSES TO AUTOMATE PARKING OPERATIONS, TRACK PARKING REVENUE, AND MANAGE PARKING SPACES107
TABLE 60COMMERCIAL: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)107
TABLE 61COMMERCIAL: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)108
10.4TRANSPORT TRANSIT108
10.4.1SMART SYSTEMS TO ENABLE PARKING OPERATORS TO MONITOR OCCUPANCY RATES AND OPTIMIZE SPACE UTILIZATION108
TABLE 62TRANSPORT TRANSIT: PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)108
TABLE 63TRANSPORT TRANSIT: PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)109
11PARKING MANAGEMENT MARKET, BY REGION110
11.1INTRODUCTION111
TABLE 64PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)111
TABLE 65PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)111
11.2NORTH AMERICA112
11.2.1NORTH AMERICA: RECESSION IMPACT112
11.2.2NORTH AMERICA: PARKING MANAGEMENT MARKET DRIVERS112
FIGURE 29NORTH AMERICA: MARKET SNAPSHOT113
TABLE 66NORTH AMERICA: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)113
TABLE 67NORTH AMERICA: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)114
TABLE 68NORTH AMERICA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)114
TABLE 69NORTH AMERICA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)114
TABLE 70NORTH AMERICA: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)115
TABLE 71NORTH AMERICA: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)115
TABLE 72NORTH AMERICA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)115
TABLE 73NORTH AMERICA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)115
TABLE 74NORTH AMERICA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)116
TABLE 75NORTH AMERICA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)116
TABLE 76NORTH AMERICA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)116
TABLE 77NORTH AMERICA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)116
TABLE 78NORTH AMERICA: PARKING MANAGEMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)117
TABLE 79NORTH AMERICA: PARKING MANAGEMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)117
11.2.3US117
11.2.3.1Need to decrease traffic and reduce accidents to drive market117
TABLE 80US: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)117
TABLE 81US: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)118
TABLE 82US: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)118
TABLE 83US: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)118
TABLE 84US: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)118
TABLE 85US: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)119
TABLE 86US: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)119
TABLE 87US: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)119
TABLE 88US: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)119
TABLE 89US: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)120
TABLE 90US: PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)120
TABLE 91US: PARKING MANAGEMENT MARKET, BY APPLICATION 2023–2028 (USD MILLION)120
11.2.4CANADA120
11.2.4.1Focus on improving efficiency of parking management solutions to drive growth120
TABLE 92CANADA: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)121
TABLE 93CANADA: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)121
TABLE 94CANADA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)121
TABLE 95CANADA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)121
TABLE 96CANADA: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)122
TABLE 97CANADA: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)122
TABLE 98CANADA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)122
TABLE 99CANADA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)122
TABLE 100CANADA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)123
TABLE 101CANADA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)123
TABLE 102CANADA: PARKING MANAGEMENT MARKET, BY APPLICATION 2018–2022 (USD MILLION)123
TABLE 103CANADA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)123
11.3EUROPE124
11.3.1EUROPE: RECESSION IMPACT124
11.3.2EUROPE: PARKING MANAGEMENT MARKET DRIVERS125
TABLE 104EUROPE: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)125
TABLE 105EUROPE: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)125
TABLE 106EUROPE: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)125
TABLE 107EUROPE: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)126
TABLE 108EUROPE: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)126
TABLE 109EUROPE: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)126
TABLE 110EUROPE: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)126
TABLE 111EUROPE: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)127
TABLE 112EUROPE: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)127
TABLE 113EUROPE: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)127
TABLE 114EUROPE: PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)127
TABLE 115EUROPE: PARKING MANAGEMENT MARKET, BY APPLICATION 2023–2028 (USD MILLION)128
TABLE 116EUROPE: PARKING MANAGEMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)128
TABLE 117EUROPE: PARKING MANAGEMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)128
11.3.3UK128
11.3.3.1Adoption of new technologies to transform parking facilities to boost growth128
11.3.4GERMANY129
11.3.4.1Focus of companies on technological advancements to drive popularity of smart parking sensors129
11.3.5FRANCE129
11.3.5.1Rising need to upgrade parking facilities with latest technologies to drive growth129
11.3.6REST OF EUROPE129
11.4ASIA PACIFIC130
11.4.1ASIA PACIFIC: RECESSION IMPACT130
11.4.2ASIA PACIFIC: PARKING MANAGEMENT MARKET DRIVERS131
FIGURE 30ASIA PACIFIC: MARKET SNAPSHOT132
TABLE 118ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)132
TABLE 119ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)133
TABLE 120ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)133
TABLE 121ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)133
TABLE 122ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)134
TABLE 123ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)134
TABLE 124ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)134
TABLE 125ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)134
TABLE 126ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)135
TABLE 127ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)135
TABLE 128ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)135
TABLE 129ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)135
TABLE 130ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)136
TABLE 131ASIA PACIFIC: PARKING MANAGEMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)136
11.4.3CHINA136
11.4.3.1Substantial investments in digital technologies to drive growth136
11.4.4JAPAN137
11.4.4.1Increasing number of vehicles and scarcity of land to boost growth of parking management solutions137
11.4.5SOUTH KOREA137
11.4.5.1Adoption of technology-based transportation systems to propel growth137
11.4.6REST OF ASIA PACIFIC137
11.5LATIN AMERICA138
11.5.1LATIN AMERICA: RECESSION IMPACT138
11.5.2LATIN AMERICA: PARKING MANAGEMENT MARKET DRIVERS138
TABLE 132LATIN AMERICA: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)139
TABLE 133LATIN AMERICA: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)139
TABLE 134LATIN AMERICA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)139
TABLE 135LATIN AMERICA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)140
TABLE 136LATIN AMERICA: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)140
TABLE 137LATIN AMERICA: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)140
TABLE 138LATIN AMERICA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)140
TABLE 139LATIN AMERICA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)141
TABLE 140LATIN AMERICA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)141
TABLE 141LATIN AMERICA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)141
TABLE 142LATIN AMERICA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)141
TABLE 143LATIN AMERICA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)142
TABLE 144LATIN AMERICA: PARKING MANAGEMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)142
TABLE 145LATIN AMERICA: PARKING MANAGEMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)142
11.5.3BRAZIL142
11.5.3.1Thriving startup ecosystem to drive popularity of parking management solutions142
11.5.4MEXICO143
11.5.4.1Need for improved environmental quality to fuel demand for smart parking solutions143
11.5.5REST OF LATIN AMERICA143
11.6MIDDLE EAST & AFRICA143
11.6.1MIDDLE EAST & AFRICA: RECESSION IMPACT143
11.6.2MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET DRIVERS144
TABLE 146MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)144
TABLE 147MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)144
TABLE 148MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)145
TABLE 149MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)145
TABLE 150MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)145
TABLE 151MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)146
TABLE 152MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION)146
TABLE 153MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)146
TABLE 154MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)146
TABLE 155MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)147
TABLE 156MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)147
TABLE 157MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)147
TABLE 158MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)147
TABLE 159MIDDLE EAST & AFRICA: PARKING MANAGEMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION)148
11.6.3UAE148
11.6.3.1Increase in number of vehicles and need to organize parking management systems to boost growth148
11.6.4SOUTH AFRICA148
11.6.4.1Popularity of mobile application-based parking management solutions to drive growth148
11.6.5ISRAEL148
11.6.5.1Demand for adequate parking space to boost adoption of parking management solutions148
11.6.6REST OF MIDDLE EAST & AFRICA149
12COMPETITIVE LANDSCAPE150
12.1INTRODUCTION150
12.2STRATEGIES ADOPTED BY KEY PLAYERS150
TABLE 160OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS150
12.3HISTORICAL REVENUE ANALYSIS151
FIGURE 31HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS, 2020–2022 (USD MILLION)151
12.4MARKET SHARE ANALYSIS OF KEY PLAYERS152
TABLE 161PARKING MANAGEMENT MARKET: DEGREE OF COMPETITION152
12.5COMPETITIVE BENCHMARKING152
TABLE 162COMPETITIVE BENCHMARKING OF KEY PLAYERS152
12.6COMPANY EVALUATION MATRIX METHODOLOGY FOR KEY PLAYERS153
FIGURE 32COMPANY EVALUATION MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE153
12.7COMPANY EVALUATION MATRIX FOR KEY PLAYERS154
12.7.1STARS154
12.7.2EMERGING LEADERS154
12.7.3PERVASIVE PLAYERS154
12.7.4PARTICIPANTS154
FIGURE 33COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2023155
12.8COMPETITIVE SCENARIO156
12.8.1PRODUCT LAUNCHES156
TABLE 163PRODUCT LAUNCHES, 2021–2023156
12.8.2DEALS157
TABLE 164DEALS, 2020–2023157
13COMPANY PROFILES158
13.1KEY PLAYERS158
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices, and Weaknesses and competitive threats)*
13.1.1GROUP INDIGO158
TABLE 165GROUP INDIGO: BUSINESS OVERVIEW158
FIGURE 34GROUP INDIGO: COMPANY SNAPSHOT159
TABLE 166GROUP INDIGO: SOLUTIONS /SERVICES OFFERED159
TABLE 167GROUP INDIGO: SOLUTION/SERVICE LAUNCHES159
TABLE 168GROUP INDIGO: DEALS160
13.1.2AMANO161
TABLE 169AMANO: BUSINESS OVERVIEW161
FIGURE 35AMANO: COMPANY SNAPSHOT162
TABLE 170AMANO: SOLUTIONS /SERVICES OFFERED162
TABLE 171AMANO: SOLUTION/SERVICE LAUNCHES163
TABLE 172AMANO: DEALS163
13.1.3SIEMENS165
TABLE 173SIEMENS: BUSINESS OVERVIEW165
FIGURE 36SIEMENS: COMPANY SNAPSHOT166
TABLE 174SIEMENS: SOLUTIONS /SERVICES OFFERED166
TABLE 175SIEMENS: SOLUTION/SERVICE LAUNCHES167
TABLE 176SIEMENS: DEALS167
13.1.4BOSCH GROUP169
TABLE 177BOSCH GROUP: BUSINESS OVERVIEW169
FIGURE 37BOSCH GROUP: COMPANY SNAPSHOT170
TABLE 178BOSCH GROUP: SOLUTIONS /SERVICES OFFERED170
TABLE 179BOSCH:DEALS171
13.1.5ATOS172
TABLE 180ATOS: BUSINESS OVERVIEW172
FIGURE 38ATOS: COMPANY SNAPSHOT172
TABLE 181ATOS: SOLUTIONS/ SERVICES OFFERED173
TABLE 182ATOS: DEALS173
13.1.6SWARCO174
TABLE 183SWARCO: BUSINESS OVERVIEW174
TABLE 184SWARCO: SOLUTIONS/ SERVICES OFFERED174
TABLE 185SWARCO:SOLUTION/SERVICE LAUNCHES175
13.1.7SKIDATA176
TABLE 186SKIDATA: BUSINESS OVERVIEW176
TABLE 187SKIDATA: SOLUTIONS / SERVICES OFFERED177
TABLE 188SKIDATA: DEALS177
13.1.8CHETU178
TABLE 189CHETU: BUSINESS OVERVIEW178
TABLE 190CHETU: SOLUTIONS /SERVICES OFFERED178
13.1.9PRECISE PARKLINK179
13.1.10FLASHPARKING180
13.1.11PASSPORT LABS181
13.1.12SPOTHERO182
13.1.13GET MY PARKING183
13.1.14INRIX184
13.1.15IPS GROUP185
13.1.16SMART PARKING186
13.1.17TIBA PARKING SYSTEMS187
13.1.18Q-FREE188
13.1.19STREETLINE189
13.1.20PARKOFFICE190
13.1.21URBIOTICA190
13.1.22CIVICSMART191
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
14ADJACENT/RELATED MARKETS192
14.1INTRODUCTION192
14.2TRAFFIC MANAGEMENT MARKET – GLOBAL FORECAST TO 2027192
14.2.1MARKET DEFINITION192
14.2.2MARKET OVERVIEW192
14.2.2.1Traffic management market, by component192
TABLE 191TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2017–2021 (USD MILLION)193
TABLE 192TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION)193
14.2.2.2Traffic management market, by solution193
TABLE 193TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2017–2021 (USD MILLION)193
TABLE 194TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2022–2027 (USD MILLION)194
14.2.2.3Traffic management market, by hardware194
TABLE 195TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2017–2021 (USD MILLION)194
TABLE 196TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2022–2027 (USD MILLION)194
14.2.2.4Traffic management market, by service195
TABLE 197TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2017–2021 (USD MILLION)195
TABLE 198TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2022–2027 (USD MILLION)195
14.2.2.5Traffic management market, by region195
TABLE 199TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION)195
TABLE 200TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION)196
14.3FLEET MANAGEMENT MARKET – GLOBAL FORECAST TO 2027196
14.3.1MARKET DEFINITION196
14.3.2MARKET OVERVIEW196
14.3.2.1Fleet management market, by component197
TABLE 201FLEET MANAGEMENT MARKET, BY COMPONENT, 2017–2021 (USD MILLION)197
TABLE 202FLEET MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION)197
14.3.2.2Fleet management market, by deployment type198
TABLE 203FLEET MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2017–2021 (USD MILLION)198
TABLE 204FLEET MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2022–2027 (USD MILLION)198
14.3.2.3Fleet management market, by fleet type198
TABLE 205FLEET MANAGEMENT MARKET, BY FLEET TYPE, 2017–2021 (USD MILLION)198
TABLE 206FLEET MANAGEMENT MARKET, BY FLEET TYPE, 2022–2027 (USD MILLION)198
15APPENDIX199
15.1DISCUSSION GUIDE199
15.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL202
15.3CUSTOMIZATION OPTIONS204
15.4RELATED REPORTS204
15.5AUTHOR DETAILS205
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